Road Restrictions Improving? Rigs Back Up To 62 -- May 22, 2018

Active rigs:

$72.47↑	5/22/2018	05/22/2017	05/22/2016	05/22/2015	05/22/2014
Active Rigs	62	51	25	82	189

RBN Energy: steps toward making Louisiana a crude-exporting powerhouse, part 2. After reading the "Goldmoney" article, one wonders if Louisiana is "over-building."

ND road restrictions here: link.

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Hope Springs Eternal

From Zacks:

TransCanada Corporation TRP recently announced that the construction of its Coastal GasLink pipeline is likely to commence in early 2019.

The LNG Canada project is a joint venture between Royal Dutch Shell, PetroChina Co. Ltd., Korea Gas Corp and Mitsubishi Corporation with 50%, 20%, 15% and 15% stakes, respectively.

The partners in the project have proposed to design and operate an LNG export terminal in Kitimat, British Columbia. The project will likely cost around $32.7 billion and is meant for exporting cheap natural gas from Canada to Asia. Post construction, this project will be able to export up to 24 million tons of liquefied natural gas per year.

While the project had been greenlighted by the environment ministry of Canada in 2015, Shell, along with its partners, has been delaying the final investment decision as the project has become too expensive to proceed with due to a drop in natural gas prices. However, the final investment decision on the project is expected this year.

The Coastal GasLink pipeline project worth $3.8 billion will consist of a 415-mile pipeline, with transportation capacity of 5 billion cubic feet per day.

Once it comes online, it will be a game changer for the Canadian natural gas producers, transporting natural gas from shale fields in Alberta and northeast British Columbia to the LNG Canada export facility.