Nevada: it's hard to believe, but not all votes are in yet. And no one is reporting on that. This morning, though, "we" should have 100% of the results.
Flashback: if you love conspiracy theories, this one is really quite good. LOL. Dorothy Kilgallen. If nothing else, it will take your mind off a) coronavirus; b) the market; c) Bernie; d) Steyer. Okay, not Steyer. He's downright strange.
Market: and, yes, I am buying today.
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Back to the Bakken
Active rigs:Back to the Bakken
| $51.40 | 2/24/2020 | 02/24/2019 | 02/24/2018 | 02/24/2017 | 02/24/2016 |
|---|---|---|---|---|---|
| Active Rigs | 54 | 66 | 57 | 41 | 3 |
Wells coming off the confidential list:
Monday, February 24, 2020: 52 for the month; 159 for the quarter, 159 for the year:RBN Energy: what REX pipeline's contract changes mean for gas flows, prices.
Sunday, February 23, 2020: 50 for the month; 157 for the quarter, 157 for the year:
- 36858, SI/NC, Slawson, Shakafox 7-28-21MLH, Big Bend, no production data,
- 36565, SI/NC, Crescent Point, CPEUSC Emerson Claire 33-28-159N-100W MBH, Blue Ridge, no production data,
Saturday, February 22, 2020: 49 for the month; 156 for the quarter, 156 for the year:
- 36564, drl, Crescent Point, CPEUSC Emerson Claire 33-28-159N-100W MBH, Blue Ridge, no production data,
- None.
After a major decontracting and partial recontracting last fall, Tallgrass Energy’s Rockies Express Pipeline headed into 2020 with 839 MMcf/d in firm, long-haul commitments for natural gas moving east out of the Rockies for delivery into the Midwest. That volume is down from 1.3-1.8 MMcf/d in firm commitments previously. The contracted volume is also much lower than the peak — and even the average — historical gas flows on the route to the Midwest markets in recent years. At the same time, Tallgrass’s Cheyenne Connector pipeline and Cheyenne Hub Enhancement projects are expected to bring as much as 800 MMcf/d of new firm gas supply from the Denver-Julesburg (D-J) Basin to the REX mainline at Cheyenne Hub. What will these changes mean for Rockies’ eastbound flows and prices? Today, we wrap up our series on REX’s recontracting with an assessment of how the recent contract changes could affect REX gas flows.
REX historically has been contracted and utilized at high rates for long-haul flows east from the Rockies to the Midwest, and at one point, also into the Northeast. Inflows of Rockies supply into the Northeast have long been displaced by Marcellus/Utica shale gas. Much of Zone 3 — the easternmost third of REX, from eastern Missouri to eastern Ohio — flows westward from the eastern terminus in Clarington, OH. However, as much as nearly 1.8 Bcf/d as of last year was still flowing east from Zone 1 (the westernmost third of the pipe) across the Missouri-Illinois border into the westerly portion of Zone 3.
About 772 MMcf/d of the system’s legacy long-term contracts for eastbound flows out of the Rockies expired on November 11, 2019.
