Three Wells Coming Off The Confidential List Today -- Happy Syttende Mai, 2019

Permian: infrastructure update -- Howard Energy, partnership with WPX --

• announced this crude oil and natural gas gathering and processing project in June, 2017
• supported by more than 600 square miles of activity in New Mexico and Texas
• Delaware Basin
• includes: Reeves County, TX, known as the County Line Facility, is a two-plant 400 million cubic feet per day cryogenc processing complex
• September, 2018: 200 mmcfpd plant
• recently: commissioned a second 200 mmcfpd plant
• more than 50 miles of crude oil gathering pipelines with 100,000 bopd capacity
• 50,000-bbl crude oil terminal in Reeves County
• a 23-mile, 24-inch trunkline natural gas pipeline 
• still constructing a 21-mile, 16-inch high pressure pipeline; to be completed this summer: 800 mmcfpd

WTI; creeping up. 

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Back to the Bakken

Three wells coming off confidential list today -- Friday, May 17, 2019: 51 wells for the month; 145 wells for the quarter --

• 34901, SI/NC, Hess, SC-Gene-154-98-0805H-8, Truax, no production data,
• 34860, SI/NC, MRO, Bruhn USA 21-17H, Reunion Bay, no production data,
• 35586, SI/NC, XTO, Halverson 13X-33A, Capa, no production data,

Active rigs:

$63.24	5/17/2019	05/17/2018	05/17/2017	05/17/2016	05/17/2015
Active Rigs	65	60	52	26	83

RBN Energy: western Canada gets its first propane export terminal.

The AltaGas/Royal Vopak Ridley Island Propane Export Terminal in the Port of Prince Rupert, BC, is poised to receive and load its first Very Large Gas Carrier (VLGC) any day now, a milestone that will make it Western Canada’s first LPG export facility and only the second such terminal in the greater Pacific Northwest region. With a capacity of 40 Mb/d, the facility is likely to provide a healthy boost to Western Canadian propane exports in 2019, easing oversupply conditions in the region while also providing producers with enhanced access to overseas markets, particularly in Asia. Today, we take a closer look at the new Prince Rupert facility and what it means for the Western Canadian propane market.