WTI Moving Up -- April 1, 2019

Wells coming off the confidential list today, this weekend --   
Monday, April 1, 2019: 4 wells for the month; 4 wells for the quarter

• 35501, SI/NC, Rimrock Oil, MC MHA 24-10-3TFH, Moccasin Creek, no production data,
• 35436, SI/NC, XTO, Emma 31X-30HXE, Alkali Creek, no production data,
• 35219, SI/NC, XTO, Teddy Federal 12X-5HXE, North Fork, no production data,
• 35218, SI/NC, XTO, Teddy Federal 12X-5D, North Fork, no production data,

Sunday, March 31, 2019: 126 wells for the month; 346 wells for the quarter

• None: there was no September 31 six months ago

Saturday, March 30, 2019: 126 wells for the month; 346 wells for the quarter

• 35435, SI/NC, XTO, Emma 31X-30B, 
• 35267, SI/NC, MRO, Ctherine 44-35H, 
• 34911, SI/NC, Hunt, Halliday 146-93-13-1H 2

Active rigs:

$60.82	4/1/2019	04/01/2018	04/01/2017	04/01/2016	04/01/2015
Active Rigs	66	60	50	29	97

RBN Energy: fuel oil spreads extend IMO 2020 scrubber payout times, part 2.

Some shipowners plan to comply with the IMO 2020 deadlines for limiting sulfur in ship emissions by installing scrubber devices to clean the exhaust generated by burning less expensive high-sulfur bunker fuel. For many, this may work out to be more economical, at least in the interim, than using more costly IMO 2020-compliant fuel with sulfur content of no more than 0.5% or converting the vessel to run on an altogether different fuel such as liquefied natural gas. However, narrowing “sulfur spreads” this year have put that compliance strategy at risk by tripling the time it would take for shipowners to recoup their scrubber investments. Today, we continue an analysis of the changing economics of scrubber installation in the run-up to IMO 2020.