Two Wells Coming Off The Confidential List -- LNG Smashing Records -- August 26, 2021

South Dakota Little League: America's answer to Shohei Ohtani is a twelve-year-old from Sioux Falls, SD, Gavin Weir -- smashes home runs and is taking the Little League World Series by storm. Link to The WSJ.

South Dakota attorney general: to take plea deal in hit-and-run death, originally thought to be a deer carrying a flashlight and wearing eyeglasses. Link here. Things are different in South Dakota, I guess. Opens the door to civil lawsuits:

LNG projects: this was on my favorite topics a couple of years ago. I was inappropriately exuberant, despite at least one reader calling me naive and inappropriately exuberant ... LOL .... I'm still inappropriately exuberant. See RBN Energy note below. 

US LNG export terminals are followed here.

US upper midwest gas-fired generation: should remain strong despite high prices. Link to S&P Global Platts.

• nuclear retirements;
• ample storage;
• stronger-than-average power burn per degree this summer;

*********************************
Back to the Bakken

Active rigs:

$67.78	8/26/2021	08/26/2020	08/26/2019	08/26/2018	08/26/2017
Active Rigs	23*	11	63	62	55

*Accurate number is posted COB every non-holiday weekday.

Two wells coming off the confidential list --
Thursday, August 26, 2021: 15 for the month, 26 for the quarter, 206 for the year:

• 38203, conf, CLR, Kelly Draw SWD,
• 37919, conf, Slawson, Sniper Federal 3-7-7H, 

RBN Energy: new contracts inch North American LNG projects closer to FID. Archived here.

U.S. LNG is in the midst of a record-breaking year.

Total LNG feedgas has averaged nearly 10 Bcf/d so far in 2021 and the country is on track to export somewhere around 1,000 cargoes this year, 40% more than last year.

Although pipeline maintenance and flow constraints have knocked feedgas off the all-time highs seen earlier this year, feedgas and exports are likely to hit new record levels to close out the year as Sabine Pass Train 6 and Calcasieu Pass prepare to start service in early 2022.

The strength in U.S. LNG export demand this year is underpinned by an incredibly bullish global gas market, which has led prices in both Europe and Asia to hit all-time highs. This has not only benefited the existing fleet of terminals, but the prolonged bullish global gas market has accelerated commercial activity for future LNG projects. Since May, more than 12 MMtpa of capacity from LNG terminals or liquefaction trains under development has been sold, pushing several prospective LNG projects closer to a final investment decision (FID). RBN covers all of the latest in our LNG Voyager Quarterly report, but in today’s blog, we take a look at some of the highlights from the report, focusing on the biggest changes in LNG development this summer.