KMI, Suggesting Canada Is Closed For Business, To Sell All Canadian Assets -- September 17, 2018

Minor note: Cheniere signs 15-year LNG deal with commodity trader Vitol.

• 0.7 million tons of LNG annually beginning this year
• free on board (FOG) basis (spot price, essentially)
• four LNG trading firms getting bigger: Trafigura, Vitol, Gunvor, Glencore

KMI: to sell all its Canadian assets; says Canada is closed for business;

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Back to the Bakken

Active rigs:

$69.54→	9/17/2018	09/17/2017	09/17/2016	09/17/2015	09/17/2014
Active Rigs	66	56	32	67	198

Four new permits:

• Operator: Whiting
• Field: Alger (Mountrail), Cherry Creek (McKenzie)
• Comments: Whiting has permits for a 3-well Lapica pad in SWSE 23-155-93; and one Stenehje Federal permit in Cherry Creek, SESW 7-149-98

One permit canceled: a Thunderbird Little Missouri Federal permit in Billings County

Seven permits renewed:

• Oasis (3): three Seattle Federal permits in McKenzie County
• Petro-Hunt (2): two Klevmoen Trust permits in McKenzie County
• Kaiser-Francis Oil: a Huskha permit in Stark County
• Resource Energy Can-Am: an Adeline permit in Divide County

Four producing wells (DUCs) reported as completed:

• 33607, 1,479, Hess, SC-Gene-154-98-0805H-6, Truax, t8/18; cum --
• 31966, 1,803, XTO, George Federal 21X-19F2, Lost Bridge, t7/18; cum 18K after 20 days;
• 31964, 2,823, XTO, George Federal 21X-19E, Lost Bridge, t7/18; cum 16K after 8 days; extrapolates to over 60K for one full month;
• 31963, 2,596, XTO, Bang Federal 21X-19AXB, Lost Bridge, t8/18; cum --