ND Active Rigs Hold At 59 -- June 22, 2017

North Dakota's oil and natural gas production "up": Zacks. For the archives. Variations of this story reported many different places. I think the more interesting story is the graph of Bakken activity at this link.

Norwegian production: dropping; down about 128,000 bopd.

Active rigs:

$42.79	6/22/2017	06/22/2016	06/22/2015	06/22/2014	06/22/2013
Active Rigs	59	29	75	189	189

RBN Energy: West Coast alternatives for exporting LPG to Asian markets.

The Pacific Northwest will never be a Houston or even a Marcus Hook when it comes to liquefied petroleum gas (LPG) export volumes, but the region — British Columbia, Washington State and Oregon — is finally poised to get a second marine terminal dedicated to loading propane and butane, the two LPG family members.

When AltaGas and Royal Vopak’s planned 40-Mb/d LPG export terminal on BC’s Ridley Island comes online in the first quarter of 2019, it will join Petrogas’s 30-Mb/d terminal in Ferndale, WA, in offering time-saving, straight-shot LPG deliveries to Asia, which has emerged as a leading destination for North American-sourced propane and butane.

Other LPG export terminals in the Pacific Northwest have been proposed. Today we begin a blog series on propane and butane exports from Ferndale and the prospects for regional export growth.

Jobs:

• first time claims, forecast: 240K
• actual: 241,000 against revised 238,000 (from previously reported 237,000) -- so up 3,000
• four-week moving average, prior: 243,000