Friday, December 12, 2014

Midday, Active Rigs In North Dakota Decrease By Two More From This Morning -- December 12, 2014

Active rigs:

Active Rigs181191184201166

Two comments:
  • this should help the flaring problem; I know there were a lot of folks early in the boom who were upset with all the flaring
  • this should give the operators time and resources to install those miniature refiners to strip NGLs off highly volatile Bakken crude oil
For Investors

Cheniere Energy has engaged 18 financial institutions to act as Joint Lead Arrangers to assist in structuring and arranging of up to $11.5 bln of debt facilities (shares halted): The proceeds will be used to pay for the costs of development and construction of the LNG export facility and related pipeline being developed near Corpus Christi, Texas and for general business purposes. 

Remember: This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or what you think you may have read here. Make no travel plans based on what you read here. I post quickly and frequently; typographical and factual errors are likely. If this information is important to you, go to the source.

I posted the Cheniere Energy story to provide a snapshot of the amount of money we are talking about when we talk about LNG export facilities. 


  1. And the rig count still isn't accurate. I have it at 174 today. It will be interesting to see how low it gets by the end of the year. There has been rumors of 25 to 60 rigs being stacked out in the next month. We'll see if it's true or not

  2. I had missed the drilling boom in McHenry Co.

    Anon 1