Eight Wells Coming Off The Confidential LIst Today; WTI Trading Above $58 -- March 15, 2019

Note: I apologize to delayed replies to correspondence. I've received a lot of e-mails and comments over the past two days but am so busy won't get to them until later today or over the weekend. But please continue writing. I learn a lot; get a lot of great ideas. Good luck to all.

Scary: he says he's a capitalist, but he was interviewed recently -- he says he's a capitalist, but he fully supports the Green Nude Eel. -- Beto, March 15, 2019.

Reminder: if you did not see the excellent analysis of Bakken flaring, it will be at this site for a very limited time. It will then go behind RBN Energy's paywall. Great update.

Wells coming off confidential list today -- Friday, March, 15, 2019: 62 wells for the month; 282 wells for the quarter

• 34974, SI/NC, WPX, Young Bird 34-27HQL, Antelope-Sanish, no production data,
• 34886, SI/NC, XTO, FBIR Ironwoman 21X-10AXD, Heart Butte,
• 34624, 1,740, CLR, ANderson 6X-4H1, Willow Creek, t10/18; cum 109K 1/19;
• 34623, 1,918, CLR, Anderson 5X-4H, Willow Creek, t10/18; cum 136K 1/19;
• 34251, 107, BR, Raider 3B MBH, Twin Valley, t1/19; cum --;
• 33890, 233, BR, Chuckwagon 41-15TFH,  Sand Creek, t1/19; cum 8K over 15 days;
• 33832, 847, Oasis, Berquist 5298 13-27 8T, Banks, t10/18; cum 105K 1/19; 
• 33669, 742, Enerplus, Artsy 150-94-05BH TF, Spotted Horn, t9/18; cum 55K 1/19;

Active rigs:

$58.16	3/15/2019	03/15/2018	03/15/2017	03/15/2016	03/15/2015
Active Rigs	65	57	46	30	112

RBN Energy: Appalachia leads northeast power generation shift to gas.

Appalachia — the U.S.’s leading gas production region — is also one of the last bastions of coal country in the broader Northeast. That dual reality makes it one of the remaining pockets in the region where there is significant potential for upside in natural gas demand for power generation. Gas burn for power in the Appalachian states — Pennsylvania, Ohio, West Virginia and Kentucky — surpassed power burn in the northern Mid-Atlantic market (New York/New Jersey) in 2017 and led the growth in overall Northeast power burn in 2018. The availability of consistently low-priced gas in recent years has hastened the retirement of coal-fired and nuclear generation plants in the shale producing region and fueled the addition of combined-cycle gas-fired generators, with more scheduled to come online soon. Today’s blog looks at recent and upcoming changes in the Appalachian generation fleet, and their implications for gas demand growth.

2018 was a big year for turnover in the U.S. power generation fleet, with more retirements of older coal plants and more additions of new gas-fired units. A lot of that shift was concentrated in the Northeast region, and within the Northeast, it was led by generation capacity changes in Appalachia, primarily in Pennsylvania, West Virginia and eastern Ohio, right in the backyard of Marcellus/Utica producers. Before we get to what’s happening with power generation in Appalachia, though, it’s worth putting it in the context of the larger trend in the Northeast.