Is The Niobrara Really The Next Big Thing? -- RBN Energy -- October 17, 2018

Cruz vs O'Rourke: no knockout punch.

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, 

Active rigs:

$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.