Four Wells Coming Off Confidential List; Fascinting LNG UPdate From RBN Energy; WTI Surges -- November 9, 2020

WTI spikes: up almost 7.5%. OPEC basket drops, trading at $39.22. WTI now trades slightly above OPEC basket. OPEC basket drops again -- fourth "retreat": link here. 

Active rigs:

$39.91	11/9/2020	11/09/2019	11/09/2018	11/09/2017	11/09/2016
Active Rigs	15	55	66	52	37

Four wells coming off the confidential list:

Monday, November 9, 2020: 6 for the month; 30 for the quarter, 695 for the year

• 37508, loc/NC, CLR, Kennedy 14-31H2, Dimmick Lake, no production data;
• 37506, loc/NC, CLR, Kennedy 12-31H2, Dimmick Lake, no production data; I'll have more to say about these two second bench, Three Forks wells later.

Sunday, November 8, 2020: 4 for the month; 28 for the quarter, 693 for the year

• None. 

Saturday, November 7, 2020: 4 for the month; 28 for the quarter, 693 for the year

• 36461, drl/A, Hess, EN-Ruland-156-94-3328H-3, 33-061-04484, Manitou, t--; cum 112K 9/20;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2020	21	13842	13903	12357	18936	18936	0
BAKKEN	8-2020	29	21645	21649	20534	30242	30242	0
BAKKEN	7-2020	31	24744	24745	24240	34977	34977	0
BAKKEN	6-2020	30	28912	28858	74705	33458	33458	0
BAKKEN	5-2020	25	22510	22362	60424	24546	24546	0

Friday, November 6, 2020: 3 for the month; 27 for the quarter, 692 for the year

• 36536, drl/A, Hess, EN-Sorenson_B-155-94-3526H-8, 33-061-04504, Alkali Creek, a huge well:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2020	28	27529	27506	35827	41475	41347	0
BAKKEN	8-2020	25	28015	28088	28841	38042	37920	0
BAKKEN	7-2020	31	41360	41299	38386	57198	57042	0
BAKKEN	6-2020	30	35728	35795	37344	55679	55552	0
BAKKEN	5-2020	26	49256	48976	29410	63081	62923	0

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Henry Hub Physical Gas Volumes Jump With LNG Exports, Storage Slows
RBN Energy

Link here. Archived.

Since August, physical natural gas flows at Henry Hub have been at all-time highs for each respective month, and, in early October, they recorded the highest single-day flows that we’ve seen since December 2009. 

For decades, liquidity at the U.S. natural gas benchmark pricing location in southeastern Louisiana has been dominated by financial trades, with minimal physical exchange of gas, despite the hub boasting robust physical infrastructure and ample pipeline connectivity.

That’s still the case, but physical movements of gas in the area have been on the rise due to LNG exports ramping up from the Sabine Pass and Cameron LNG facilities in southwestern Louisiana and a slew of Appalachia gas supply pipelines targeting that export demand. As more physical gas is moving through the hub, operational constraints are developing at key interconnects there. That, along with the ups and downs of LNG feedgas demand, is contributing to spot price volatility at the hub and, at times, a deeper divergence between Henry spot and futures prices. Today, we begin a short blog series on the changing gas flow dynamics in and around Henry.