Three Wells Coming Off The Confidential List Today -- February 13, 2019

Making America great:

Shale: top ten US shale portfolios. From the Rigzone staff -- The full top 10 list, as outlined by Rystad Energy:

• Chevron - $72 billion
• EOG Resources - $42 billion
• Shell - $31 billion
• Anadarko - $29 billion
• ExxonMobil - $23 billion
• Concho Resources - $22 billion
• Oxy - $21 billion
• Pioneer Natural Resources - $20 billion
• Diamondback Energy - $19 billion
• ConocoPhillips - $18 billion

From the article:

Chevron holds the most valuable U.S. shale portfolio in terms of total net present value (NPV).

The total NPV for Chevron’s U.S. shale portfolio is $72 billion, with the company’s acreage in the Permian Delaware alone standing at nearly $60 billion in NPV.

EOG Resources has the second most valuable U.S. shale portfolio in terms of total NPV, at $42 billion, and Shell holds the third most valuable U.S. shale portfolio with a total NPV of $31 billion.

I think this simply incredible considering shale was on nobody's radar scope ten years ago. The numbers could change significantly if we ever see the new USGS survey.

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Back to the Bakken

Wells coming off the confidential list today -- Wednesday, February 13, 2019: 49 wells for the month; 152 wells for the quarter

• 34670, drl, Hess, GO-Bergstrom 156-98-2833H-4, Wheelock, no production data,
• 33102, 1,713f CLR, Sakakawea Federal 9-19H2, Elm Tree, t1/19; cum --;
• 32068, drl, XTO, Maddy Federal 24X-34H, North Fork, no production data,

Active rigs:

$53.68	2/13/2019	02/13/2018	02/13/2017	02/13/2016	02/13/2015
Active Rigs	63	58	36	41	137

RBN Energy: massive shift of US crude oil, natural gas and NGLs into global markets.

U.S. crude oil, NGL and gas markets have entered a new era. Exports now dominate the supply/demand equilibrium. These markets simply would not clear at today’s production levels, much less at the flow rates coming over the next few years, if not for access to global markets. This year, the U.S. may export 20-25% of domestic crude production, 15% of natural gas and 40% of NGLs from gas processing, and those percentages will continue to ramp up. What will this massive shift in energy flows mean for U.S. markets, and for that matter, for the rest of the world?