Ten Wells Coming Off Confidential List -- Long Weekend -- Most Will Be DUCs -- May 28, 2019

Wells coming off the confidential list this long weekend -- Tuesday, May 28, 2019: 89 for the month; 183 for the quarter --
35738, conf, Newfield, Skipjack 149-98-11-2-12H, 
35457, conf, WPX, Minot Grady 26-35HWL,
34043, conf, Lime Rock Resources III-A, L.P., Harstad 44-9-2H, 
30486, conf, BR, Merton 14-10MBH, 

Monday, May 27, 2019:
35296, conf, WPX, Minot Grady 2635HZ, 
30487, conf, BR, Merton 14-10TFH ULW,

• the Merton wells are tracked here; 

Sunday, May 26, 2019:
35361, conf, Hunt, Halliday 146-92-19-18H-6, 

Saturday, May 25, 2019:
35298, conf, WPX, Minot Grady 26-35HD, 
35297, conf, WPX, Minot Grady 26-35HZ, 
34906, conf, Hess, SC-JCB-154-98-1720H-9,

Active rigs:

$59.08	5/28/2019	05/28/2018	05/28/2017	05/28/2016	05/28/2015
Active Rigs	65	65	50	29	83

RBN Energy: Permian gas market searches for signs of improvement.

There’s never a dull moment in the Permian gas market these days, as prices at the major trading hubs remain extremely volatile, fueled by insufficient natural gas pipeline takeaway capacity. After prices tumbled to fresh lows in late April, with the Waha hub trading as much as $9/MMBtu below zero, the market appeared to regain its footing somewhat in early May as production curtailments lifted prices above zero. However, that reprieve was short-lived; prices last week again fell into negative territory heading into Memorial Day weekend. That said, the possibility of new takeaway capacity materializing in the weeks ahead, earlier than expected, has renewed hope among some market participants that the Permian gas price woes will soon be a thing of the past. How likely is that really, and will it be enough to equalize the beleaguered market? Today, we look at potential near-term developments that could support Permian gas prices.

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

End-Of-Year Art Projects

Middle Schooler -- Olivia, 13 y/o

Final exam: decorate a tile.

Group project: a mural.