Saudi Aramco scales back expansion, link here:
- $20-billion crude-to-chemicals plant will be scaled back
- necessary "to preserve the world's biggest dividend"
- will instead incorporate existing facilities into the Yanbu project instead of building an entirely new one;
- looking to shelve the Yanbu project on Saudi Arabia's Red Sea coast or integrate it with existing refineries
- Saudi state also reviewing plans to buy part of a LNG terminal in Texas and has put a $10-billion Chinese refining project on hold
OPEC basket, link here: $41.29.
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Back to the Bakken
Enerplus' "National Parks" pad is tracked here.
Active rigs:
| $41.01 | 10/19/2020 | 10/19/2019 | 10/19/2018 | 10/19/2017 | 10/19/2016 |
|---|---|---|---|---|---|
| Active Rigs | 16 | 61 | 71 | 56 | 31 |
One well coming off confidential list --
Saturday, October 17, 2020: 19 for the month; 19 for the quarter, 684 for the year
- 35969, drl/NC, Enerplus, Yosemite 148-95-02A-11H, Three Forks B1, Eagle Nest, t--; cum 65K 8/20; fracked 3/23/20 - 4/5/20; 6.43 million gallons of water (moderate-sized frac); 65% water by mass;
RBN Energy: LNG demand will flip natural gas flows and basis across the Texas-Louisiana border, part 3.
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