Only One Well Coming Off Confidential List Today; WTI Around $60 -- March 21, 2019

A fourth of the Bakken at risk? US judge halts drilling projects in Wyoming -- operators did not address climate change. Affects federal land. Much of Dunn County -- one of four main Bakken counties with large amount of federal land. Story in the liberal The [London] Guardian. 

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Back to the Bakken

Only one well coming off the confidential list today -- Thursday, March 21, 2019: 91 wells for the month; 311 wells for the quarter

• 33894, 993, Oasis, Berry 5493 44-7 14TX, Three Forks, 50 stages; 9.9 million lbs, Robinson Lake, t10/18; cum 92K 1/19;

Active rigs:

$59.78	3/21/2019	03/21/2018	03/21/2017	03/21/2016	03/21/2015
Active Rigs	65	59	50	32	107

RBN Energy: part 3, the rise of US feedgas demand in 2019.

After a period of delays, commissioning activity at the newest U.S. LNG export terminals is poised to accelerate in the coming months, in turn bringing on incremental feedgas demand. Sempra’s Cameron LNG has said it’s ready to introduce feedgas to its fuel system and is awaiting federal approval. Meanwhile, liquefaction projects at Kinder Morgan’s Elba Island LNG and Freeport LNG terminals are gearing up to take feedgas in the next month or so. Feedgas deliveries to the operating export facilities in the past seven days have averaged 5.5 Bcf/d. These three projects alone are slated to add another 1.2 Bcf/d of incremental feedgas demand by July, bringing the total to 6.7 Bcf/d by then, if all goes well. In today’s blog, we continue examining the status and timing of LNG export projects in 2019, this time with a closer look at the Cameron, Elba and Freeport projects.

Previously we looked at the various systems involved in the liquefaction and export process and what it takes to bring a train online, using Train 1 at Cheniere Energy’s Sabine Pass LNG (SPL) terminal in Cameron Parish, LA, as an example of how the various commissioning stages correlate to the ramp-up of feedgas demand. Since Train 1 began full operations in February 2016, Cheniere has brought online four more trains at SPL, including Train 5 a couple of weeks ago, as well as Train 1 at its new Corpus Christi LNG (CCL) facility. The general timeline for commissioning Cheniere’s trains has been anywhere from 200 to 260 or so days from the first indications of start-up activity (such as introducing fuel gas, for example).