Six Wells Come Off The Confidential List Today -- February 8, 2019

Wells coming off the confidential list today -- Friday, February 8, 2019: 37 wells for the month; 139 wells for the quarter

• 34271, 1,822, EOG, Liberty 114-1311H, Parshall, t8/18; cum 134K 12/18;
• 33101, IA -- no IP data, CLR, Sakakawea Federal 7-19H1, Elm Tree, t--; cum --;
• 33100, IA -- no IP data, CLR, Sakakawea Federal 5-19H2, Elm Tree, t--; cum --;
• 32925, 13 (no typo), BR, Renegade 34-10MBH, Sand Creek, t12/18; cum 6K after 10 days;
• 30316, 2,159, Hess, EN-Weyrauch C-154-93-2932H-11, Robinson Lake, t12/18; cum 9K after 7 days;
• 29997, 834, Slawson Fox 1 SLH, Big Bend, t1/18; cum --;

Arctic rigs:

$52.67	2/8/2019	02/08/2018	02/08/2017	02/08/2016	02/08/2015
Active Rigs	63	57	37	42	136

RBN Energy: at long last, new outlets for Alberta propane.

Well, it finally happened. After several years of assessing the possible development of a large, integrated propane dehydrogenation (PDH) plant and polypropylene (PP) upgrader unit, a joint venture of Canada’s Pembina Pipeline and Kuwait’s Petrochemical Industries Co. (PIC) earlier this week announced a final investment decision (FID) for the multibillion-dollar project in Alberta’s Industrial Heartland.

The new PDH/PP complex won’t come online until 2023, but when it does, it will provide yet another new outlet for Western Canadian propane, which has been selling at a significant discount in recent years. Today, we discuss Pembina and PIC’s long-awaited PDH/PP project, Inter Pipeline’s development of a similar project nearby, Western Canadian propane export plans — and what they all mean for propane prices.