3Q18 MAGA Deal Activity Hit Highest Value Since 3Q14 -- October 25, 2018

Scott Adams: this is probably a better line than he realizes --

My first thought was that the bombs came from a Republican. Then I learned the bombs did not work.

MAGA - deals: mega deals push M7A value to $123 billion in 3Q18. Rigzone.  

LNG and geo-politics: another nice article with lots of stats, over at oilprice.

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Back to the Bakken

Wells coming off the confidential list today -- Thursday, October 25, 2018:

• 34450, SI/NC, MRO, Berry USA 21-18H, Van Hook, no production data,
• 34121, 752, Petro-Hunt, Van Hise Trust 153-95-28C-27-1HS, Charlson, a nice well; t8/18; cum 28K after one month;
• 32530, SI/NC, Petro-Hunt, USA 153-95-4A-9-7H, Charlson, no production data, 
• 29925, 568, Hunt, Nichols 156-90-10-15H-3, Ross, t9/18; cum 11K after 23 days;

Active rigs

$67.09→	10/25/2018	10/25/2017	10/25/2016	10/25/2015	10/25/2014
Active Rigs	68	54	35	68	194

RBN Energy: energy story of the year? Gas storage inventories are near historic lows. What if this winter turns frigid?

U.S. natural gas supply continues to set all-time records, and strong production growth is expected to continue. Most of these supply gains will come from the Northeast, where another round of pipeline capacity additions are being completed. But despite all this incremental gas output, a combination of cold weather last winter and hot weather this summer means that U.S. gas storage inventories are likely to end the fall season at their lowest levels since 2005. And even this comparison understates how low inventories are — gas consumption has grown dramatically in the past 10 years, and storage inventories are at all-time lows when considered in terms of the number of days of average consumption. Today, we begin a series on the implications of historically low gas storage inventories, including what the gas market might look like if this winter turns out to be colder than normal.