Five Wells Coming Off The Confidential List Today -- April 4, 2019

Global warming: I know I will be complaining about the heat when summer finally gets here, but wow, this winter seems to be lingering. Where is all that global warming we've been promised? LOL. It's actually quite nice in north Texas, reaching 70 degrees in the late afternoon but it is certainly cool in the mornings and the wind makes it feel colder. Whatever.

Deplorable science: again, the "deplorable climate science blog" has some great information today. Again, this is a global warming skeptic site.

Colorado: sayonara.  

******************************

Back to the Bakken

Wells coming off the confidential list today -- Thursday, April 4, 2019: 19 wells for the month; 19 wells for the quarter

• 35516, SI/NC, Newfield, Dahl 150-98-5-8-12H, Siverston, no production data, 
• 35500, SI/NC, RimRock Oil & Gas, MC MHA 24-10-2TFH, Moccasin Creek, no production data,
• 34410, drl, Crescent Point Energy, CPEUSC Dorothy 19-18-158N-98W MBH, Rainbow, no production data, 
• 33667, 2,555, MRO, Dutton USA 21-1TFH, Reunion Bay, 45 stages; 6.6 million lbs, t2/19; cum 30K after 23 days;
• 33666, 3,259, MRO, Deserly USA 11-1TFH, Reunion Bay, 45 stages; 7.4 million lbs, t2/19; cum 38K after 23 days;

Active rigs:

	4/4/2019	04/04/2018	04/04/2017	04/04/2016	04/04/2015
Active Rigs	60	56	49	30	94

RBN Energy: net impacts of the TETCO gas pipeline outage, part 2.

Ten weeks after an explosion crippled a key natural gas takeaway route out of the Marcellus/Utica, the capacity finally has been fully restored.

Texas Eastern Transmission two days ago said it’s lifting all restrictions on the affected section of pipe. The outage began on January 21 and partial service resumed eight days later, but TETCO’s Northeast production receipts during the event averaged about 700 MMcf/d lower than usual and the line’s flows to the Gulf Coast were cut by 30-40%. That, along with two severe polar-vortex periods in January that overlapped with the outage, caused a reshuffling of flows across other pipelines in the region. Today, we wrap up this series with a look at the implications of the outage on the Northeast gas market and what to expect now that it’s ended.

Last fall we previewed a potential turning point in the Appalachian gas market, from the supply region being severely constrained for years to being well-connected with the ability to better balance its excess supply with outflows. As we’ve discussed extensively in the RBN blogosphere, takeaway constraints in the Marcellus/Utica producing region have for years been depressing local prices at regional trading hubs like Dominion South and Tennessee Zone 4/Marcellus, trading well below the national benchmark Henry Hub, even during the winter months when Northeast demand peaks. But a number of pipeline expansions came online in the summer and early fall of 2018, and pipeline utilization for flows out of the region seemed to suggest that takeaway capacity had finally caught up, with room to spare, at least for the time being. (We’ll come back to the specifics of that “spare capacity” in a future blog.)