Summer Must Be Around The Corner -- Active Rig Number Startng To Rise -- April 16, 2019

Wells coming off the confidential list today -- Tuesday, April 16, 2019: 55 wells for the month; 55 wells for the quarter

• 34320, 307, Windridge Operating, Sandpiper State 35-26 B1H, Short Creek, t10/18; cum 15K 2/19;
• 34314, SI/NC, XTO, Arlene Federal 44X-23F, North Fork, no production data,
• 33881, drl, Crescent Point Energy, CPEUSC David 7-29-32-157N-99W TFH, Lone Tree Lake, no production data,
• 32928, drl, Sinclair Oil & Gas, Sinclair State 6-36TFH, Robinson Lake, no production data,

Active rigs:

	4/16/2019	04/16/2018	04/16/2017	04/16/2016	04/16/2015
Active Rigs	65	59	51	29	93

RBN Energy: beat crude gathering system to help Permians' Midland Basin grow.

The rapid development of the Permian’s vast hydrocarbon resources that we expect will continue through the 2020s and beyond can’t happen if there’s insufficient gathering-pipeline infrastructure in place to transport crude from well sites to takeaway pipelines. Similarly, the favorable pricing that Permian producers hope to receive for their crude oil is possible only if their gathering systems are interconnected to two or more long-haul, big-bore pipelines that offer them some serious destination optionality.

The need for new gathering pipes with multiple links to Gulf Coast- and Cushing-bound takeaway pipes is the driving force behind the Beta Crude Connector, a planned 100-mile-plus pipeline network in the heart of the Permian’s Midland Basin that was unveiled on Monday (April 15) by a joint venture of Concho Resources and gathering specialist Frontier Energy Services. Today, we kick off a new blog series on crude-gathering projects in the Permian with a look at the Concho/Frontier plan.

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

Grapevine, TX

Main Street Pastry

Family shopping; I'm enjoying coffee at the best French coffee shop in Texas.