New Natural Gas Pipeline In Pennsylvania Opens Just In Time For Winter -- November 15, 2018; North Dakota With Five More Oil & Gas Permits

ISO New England: spot price starting to surge, now about $125/MWh; demand is slightly higher than forecast; "hydro" tapped;

• New England natural gas: Williams Cos Inc's Atlantic Sunrise pipeline has begun operating -- data points:

• northeast Pennsylvania
• added 1.7 Bcfpd in new takeaway capacity to the region
• October permitting for new shale gas wells shot higher
• EQT Corp: the nation's top gas producer, continued as the leading company for new permits
• note:  

statewide, permitting activity dropped 26% when compared to a year ago. With production still increasing in Appalachia this year, fewer permits indicates drillers are getting even more efficient at getting gas out of the ground with fewer wells and longer horizontal laterals.

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Back to the Bakken

Active rigs:

$56.56😌	11/15/2018	11/15/2017	11/15/2016	11/15/2015	11/15/2014
Active Rigs	62	55	39	64	186

Five new permits:

• Operators: Zavanna (4): Denbury
• Fields: Patent Gate (McKenzie); Poe (McKenzie); Cedar Hills (Bowman)
• Comments: Zavanna has permits for a 4-well Usher pad in 28-151-100 (Patent Gate/Poe)

Seven permits renewed:

• Crescent Point Energy (5): five CPEUSC Tami wells in Williams County
• Petro-Hunt: one USA permit in McKenzie County
• MRO: one Flynn USA permit in Mountrail County 

One dry hole: it appears Legacy Reserves Operating re-entered an old Madison / Birdbear well to target the Bakken in Roosevelt oil field, section 4-142-102; file #17230; unsuccessful.