RS Energy offering in-house, play-specific data Looking for better data?

FROM ISSUE FOUR
By North American Shale magazine staff | June 22, 2018

Check out the news from RS Energy Group. The energy intelligence and investment team from Calgary is now offering up the same data it uses to generate intel. The company is offering its trademarked RS Core, a digitized data set that shows 20 years of RSEG-gathered and utilized intelligence. The core set of data can be used to generate type curves, well costs and other field-specific analysis. “There’s an enormous market need for trusted, highly technical advanced analytics and we are excited to lead the charge,” said RSEG co-CEO Manuj Nikhanj “It wasn’t about a race to the finish with this solution,” Nikhanj said. “It was a methodical process that started with ensuring we had the absolute best and most complete data before building the advanced and predictive analytics on top of it.”

Bakken
Hess recorded a 12 percent production increase in Q1 2018 due to a new completion strategy. The approach includes 60-stages and 8.4 million pounds of proppant. The previous approach involved only 50 stages and 3.5 million pounds of proppant. The Bakken is Hess’ largest operated asset with more than 500,000 net acres in the play’s core. The company plans to add a fifth rig there in the third quarter and a sixth rig in the fourth quarter.

Whiting Petroleum, another major Bakken producer, is finding great success in 2018. The company has already recorded discretionary cash flow that is greater than capital expenditures expected to this point. In the second half of the year, Whiting will shift all of its attention to the Bakken. DUCs in Colorado will be left untouched as it ramps up activity levels in North Dakota.

Niobrara
Ward Energy Parnters, a leading operator in the play since the company was founded in 2014, has sold assets in Adams and Weld Counties, Colorado, to an undisclosed buyer. The assets are prospective for the Codell and Niobrara reservoirs in the DJ Basin.

Permian
Whitewater Midstream is doing its part to move shale gas in the Delaware Basin. The company recently announced plans to add long-term transportation service agreements with two major producers from the region. The agreements will give it 1.1 Bcf/d of committed gas. Agreements have already been formed with Brazos Midstream, Crestwood Midstream Partners, EnLink Midstream and Medallion Midstream.

Eagle Ford
Black Mountain Sand is bringing a larger in-basin sand operation to the Eagle Ford. After starting in the Permian, demand in South Texas was too great to ignore, according to the company. At its third Texas mine (first in the Eagle Ford), Black Mountain will produce 2.2 million tons of sand annually. The facility should be operational by the end of 2018.

SCOOP/STACK
EcoStim Energy Solutions, an energy service provider that utilizes natural gas-powered pressure pumping equipment, is creating what it calls a super fleet in the STACK. The company’s main client is preparing to complete more mutli-well pads and zipper fracks this year and the combination of equipment from EcoStim’s two fleets is required to make the operator’s plans possible. “In reviewing the super fleet concept, we believe the plan will allow the company to deliver more efficiencies, better margins and stronger near-term cash flow,” said Chris Boswell, EcoStim’s CEO.

Marcellus/Utica
Range Resources is working to change the understanding many have of the shale gas-focused producer. CEO Jeff Ventura said that as the company works to high-grade its portfolio through asset sales, it is also changing the company’s narrative through longer laterals and efficient execution on acreage that some believe—in disagreement with Range—is not complete with proven reserves. The SEC definition of proved reserves excludes thousands of top-tier acreage Range holds, according to Ventura. “I believe this represents one of the largest disconnects in value in E&P today,” he told investors earlier in the year. The company is also talking about its longer laterals that are reaching 17,000 feet. Increased EURs on the laterals are yet to be proven, but if or when they are, Range hasn’t yet accounted for the better numbers in its five-year outlook.