Friday, February 8, 2019

Six Wells Come Off The Confidential List Today -- February 8, 2019

Wells coming off the confidential list today -- Friday, February 8, 2019: 37 wells for the month; 139 wells for the quarter
  • 34271, 1,822, EOG, Liberty 114-1311H, Parshall, t8/18; cum 134K 12/18;
  • 33101, IA -- no IP data, CLR, Sakakawea Federal 7-19H1, Elm Tree, t--; cum --;
  • 33100, IA -- no IP data, CLR, Sakakawea Federal 5-19H2, Elm Tree, t--; cum --;
  • 32925, 13 (no typo), BR, Renegade 34-10MBH, Sand Creek, t12/18; cum 6K after 10 days;
  • 30316, 2,159, Hess, EN-Weyrauch C-154-93-2932H-11, Robinson Lake, t12/18; cum 9K after 7 days;
  • 29997, 834, Slawson Fox 1 SLH, Big Bend, t1/18; cum --;
Arctic rigs:

Active Rigs63573742136

RBN Energy: at long last, new outlets for Alberta propane.
Well, it finally happened. After several years of assessing the possible development of a large, integrated propane dehydrogenation (PDH) plant and polypropylene (PP) upgrader unit, a joint venture of Canada’s Pembina Pipeline and Kuwait’s Petrochemical Industries Co. (PIC) earlier this week announced a final investment decision (FID) for the multibillion-dollar project in Alberta’s Industrial Heartland.
The new PDH/PP complex won’t come online until 2023, but when it does, it will provide yet another new outlet for Western Canadian propane, which has been selling at a significant discount in recent years. Today, we discuss Pembina and PIC’s long-awaited PDH/PP project, Inter Pipeline’s development of a similar project nearby, Western Canadian propane export plans — and what they all mean for propane prices.

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