Three Wells Coming Off Confidential List Today -- March 6, 2019

Hillary walks it back. Says she has "not closed the door" on running for the Democratic nomination. If Biden-Beto are not selected on the first vote at the DNC national convention, July, 2020, the nomination is up for grabs, and Hillary flies in to unite the warring factions. By that time, the mainstream media colluding with the US House of Representatives will have Trump on the ropes. 

Saudi Arabia: in deep doo-doo. Needs $100 oil; the kingdom says they re-set the budget to $80 oil; will be lucky to see $70 oil for 2019. and now this: analysts lower oil price forecast for 2019. But better than expected: a $2 decrease -- the analysts now forecast that Brent will average $73 per barrel this year, which marks a $2 decrease from their previous projection of $75.  

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Back to the Bakken

Wells coming off the confidential list today -- Wednesday, March 6, 2019: 24 wells for the month; 24 wells for the quarter
35094, conf, Hess, AN-Bohmbch-153-94-2734H-7, Antelope,
33659, conf, Oasis, Berquist 5298 11-27 3T, Banks,
32819, conf, CLR, State Weydahl 11-36H, Corral Creek,

Active rigs:

$56.02	3/6/2019	03/06/2018	03/06/2017	03/06/2016	03/06/2015
Active Rigs	68	60	44	35	114

RBN Energy: part 2, how will producers respond to the coming natural gas glut.

The forward curve for natural gas supports 2019 production growth that is likely to far outpace expected gains in gas demand. This impending supply/demand imbalance suggests that gas prices will be pressured lower. Lower gas prices will boost demand, but there are real limits to how much demand can rise in the short term. What will really be needed to balance the market is for producers in at least a few plays — the Marcellus and Utica among them — to rethink and rework their 2019 production plans. Which raises the questions, how much will production growth need to be cut, and where will the bulk of the pruning occur? Today, we continue our review of key themes and findings in East Daley Capital’s newly updated “Dirty Little Secrets” report on the midstream sector.