WTI: confounding analysts. Still trending down.
Posting again: that huge MRO well that was reported yesterday.
Earnings: KMI reports after market close today.
LNG demand, globally: will post strong growth to 2027, outperforming the wider energy complex -- one would assume "wider" energy complex includes renewable energy (but probably not). Why? emerging Asia (China).
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Back to the Bakken
Wells coming off the confidential list today --
- 34685, SI/NC, XTO, FBIR Yellowwolf 31X-10C, Heart Butte, no production data,
- 34217, SI/NC, Hess, RS-Howell-LW-156-91-1107H-4, Ross, no production data,
$71.46↓ | 10/17/2018 | 10/17/2017 | 10/17/2016 | 10/17/2015 | 10/17/2014 |
---|---|---|---|---|---|
Active Rigs | 69 | 58 | 32 | 67 | 190 |
RBN Energy: is the Niobrar really the next big thing?
Crude oil production in the Rockies’ Niobrara region is up by more than 50% since the beginning of last year, spurred on by higher oil prices, ample oil pipeline takeaway capacity, and other positive factors. Natural gas and NGL production in the Niobrara — which includes both the Denver-Julesburg (D-J) Basin and the Powder River Basin (PRB) — has been rising too, to the point that there’s a scramble on to develop new gathering systems, gas processing plants as well as gas and NGL pipeline capacity. A number of exploration and production companies are upbeat about the region’s prospects; so are some midstreamers. But there’s a dark cloud on the horizon — at least in Colorado, where voters will decide in a few weeks whether to significantly restrict where new wells can be drilled. Is the Niobrara poised for continued growth or not? Today, we kick off a new series on Rockies production, infrastructure and prospects.
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