First things first: also linked at the sidebar at the right, the daily USC-LA Times presidential poll.
First things first: Wal-Mart's next move against Amazon: more warehouses, faster shipping.
The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016, according to Justen Traweek, vice-president of e-commerce supply chain and fulfillment.
That pace is faster than the 8 large warehouses that industry consultants expected Wal-Mart to build by the end of 2017.
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Back To The Bakken
Active rigs:
10/6/2016 | 10/06/2015 | 10/06/2014 | 10/06/2013 | 10/06/2012 | |
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Active Rigs | 32 | 67 | 191 | 183 | 190 |
RBN Energy: update on liquefaction/LNG export projects in the US.
The “first wave” of liquefaction/LNG export projects in the U.S. is cresting. Two new liquefaction trains in Louisiana are already producing liquefied natural gas, and a dozen other trains are under construction and scheduled to begin commercial operation in the Lower 48 over the next three years. The problem is, these multibillion-dollar facilities––planned when LNG market dynamics were much more favorable––are “rolling in” as the global market faces a supply glut, weak LNG demand growth, and low prices. Today, we begin a series on the next round of U.S. LNG projects and how soon market conditions might improve enough to justify building them.
In the early 2000s––not that long ago, really––U.S. natural gas production was on the decline, and midstream companies were preparing for an onslaught of LNG imports from Qatar and other leading producers by building new LNG import terminals, many of them along the Gulf Coast. In 2005, the Energy Information Administration (EIA) estimated that by 2015 the U.S. would be importing the LNG equivalent of nearly 12 Bcf/d, and that by 2025 the nation would be importing LNG volumes equal to nearly 18 Bcf/d.Zeits on the Marcellus with a great graph on the Bakken. Another excellent article. I think the best part was the Bakken graph. Old wells produced 100,000 bbls in the first year. New wells, defined as 2014 or newer, were nearing 300,000 bbls even as costs to complete a well were coming down.
Filloon with a Bakken update: overview of well economics in the Permian. It should be noted that every play in Texas, with a few exceptions, has a break-even price of $50. Just saying.
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