Eight Wells Coming Off Confidential List Today; Chevron To Buy Anadarko -- April 12, 2019

Let the mergers begin: Chevron to buy Anadarko.

We'll do the numbers later.

Kraken: for more on the Kraken wells coming off the confidential list today, see this post.


Wells coming off the confidential list today -- Friday, April 12, 2019 -- we missed "Fridaythethirteenth" by one day; out-of-town guests arrive: 41 wells for the month; 41 wells for the quarter

• 35270, SI/NC, Petroshale, Bear Chase 1TFH, Spotted Horn, no production data,
• 34810, 2,154, Kraken Operating, The Kraken 13-24 1TFH, Epping, t11/18; cum 140K 2/19;
• 34809, 1,684, Kraken Operating, The Kraken 13-24 2H, Epping, t11/18; cum 105K 2/19;
• 34808, 828, Kraken Operating, The Kraken 13-24 3TFH, Epping, t11/18; cum 86K 2/19;
• 34807, 1.423, Kraken Operating, The Kraken 13-24 4H, Epping, t11/18; cum 136K 2/19;
• 34806, 929, Kraken Operating, The Kraken 13-24 5TFH, Epping, t11/18; cum 98K 2/19;
• 34318, SI/NC, XTO, Arlene Federal 44X-23H, North Fork, no production data,
• 33686, drl, Crescent Point Energy, CPEUSC Berner 6-19-18-157N-99W TFH, Lone Tree Lake, no production data,

Active rigs:

$64.54	4/12/2019	04/12/2018	04/12/2017	04/12/2016	04/12/2015
Active Rigs	63	59	51	30	93

RBN Energy: petrochemical demand, exports add complexity to propane markets.

Until just a few years ago, the rise and fall of U.S. propane inventories each year was driven in large part by winter weather: the colder the temperatures in the major propane-consuming areas, the bigger the draw on stocks. Things have gotten much more complicated lately, though, thanks to a combination of rapid NGL production growth, a generally booming propane export market, and the vagaries of petchem margins. Now, to get a handle on propane stocks, you not only need to be able to forecast the weather, you also need to monitor international propane arbs and steam cracker economics — oh, and crude prices too, because they have a significant effect on NGL output and propane supply. Today, we discuss the many factors that impact propane inventories and prices in this sometimes chaotic market.