Clear Sailing From Here On Out? -- November 7, 2018

Bottom? A credible floor trader called it late yesterday afternoon -- WTI hit its bottom at $61.31 yesterday. Clear sailing from here on out.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

Buzz? Back to $100 oil. Here. Start of very strong cycle for oil and gas.

It's on: Qatar vs Australia vs the US vs Russia. Qatar takes steps to become world's gas king.

******************************

Back to the Bakken

Wells coming off the confidential list today: none. Insert sad face here.

Active rigs:

$62.75→	11/7/2018	11/07/2017	11/07/2016	11/07/2015	11/07/2014
Active Rigs	67	54	38	64	193

RBN Energy: TransCanada's Columbia system set to boost gulf-bound gas flows.

U.S. Northeast natural gas producers will soon get another boost of pipeline capacity with direct access to Gulf Coast demand. TransCanada’s Columbia Gas and Columbia Gulf transmission systems are gearing up to place into service their tandem Mountaineer Xpress and Gulf Xpress expansions, which will allow another 1 Bcf/d of Marcellus/Utica gas to flow south as far as Louisiana. The new capacity should further ease takeaway constraints for moving gas out of the Northeast, potentially redistributing outflows across the various takeaway routes, while also allowing Appalachian gas supply to grow. The duo of expansions is also the last of the southbound expansions from the Northeast, at least until late 2019, when the embattled Atlantic Coast and Mountain Valley projects are due online. Today, we detail the upcoming expansions.