We Start Out With 66 Active Rigs In North Dakota This Week -- May 20, 2019

Russian corrosion: posted on May 15, 2019 --  worse than initially reported. Today, this over at twitter regarding the Russian pipeline --

Texas: Texas governor says it's time to turn off red-light cameras in Texas. The legislators have voted to kill the red-light cameras. Now on Governor Abbott's desk. 

WTI: $63.16. Sounds like normal-normal.

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

Back to the Bakken

Wells coming off confidential list over the weekend, Monday -- Monday, May 20, 2019:

• 35583, SI/NC, XTO, Halverson 13X-33CXD, Capa, no production data,
• 34753, 589, Lime Rock Resources, Williams Sadowsky 9-4-9H-142-96; Manning, t12/18; cum 36K 3/19;

Sunday, May 19, 2019:

• 35584, SI/NC, XTO, Halverson 13X-33BXC, Capa, no production data,
• 35151, drl, XTO, Bullberry Federal 24X-2D, Lost Bridge, no production data,
• 34903, SI/NC, Hess, SC-Gene-154-98-0805H-1, Truax, no production data,
• 34872, 589, Oasis, Dixon 5602 42-34 4B, Bonetrail, t12/18; cum 67K 3/19;
• 31561, SI/NC, Slawson, Submariner Federal 6-23-20TFH, Big Bend, no production data,

Saturday, May18, 2019:

• 35585, SI/NC, XTO, Halverson 13X-33EXF, Capa, no production data,
• 35154, SI/NC, XTO, Bullberry Federal 24X-2G, Lost Bridge, no production data,
• 34902, SI/NC, Hess, SC-Gene-154-98-0805H-9, Truax, no production data,

The Hess Gene / JCP wells in Truax field are tracked here. 

Active rigs:

$63.16	5/20/2019	05/20/2018	05/20/2017	05/20/2016	05/20/2015
Active Rigs	66	61	51	25	80

RBN Energy: crude exporters navigate gulg coast terminal constraints. Archived.

This blog is based on research from Morningstar Commodities. A copy of the original report is available here.

U.S. crude exports out of the Gulf Coast averaged more than 2.4 MMb/d in the first four months of 2019 — using infrastructure that is increasingly constrained by a lack of deepwater ports. U.S. crude is reaching destinations worldwide, with large volumes traveling long distances to Asia on gargantuan 2-MMbbl vessels — Very Large Crude Carriers (VLCCs) — loaded offshore by ship-to-ship transfer. Shipments to Europe are primarily on smaller Suezmax and Aframax vessels. Overall, the increased marine activity is testing the limits of existing infrastructure. Today, we analyze the past 16 months of crude export vessel movements and their impacts on Gulf Coast ports. (We’ll also be discussing this and other critical trends related to U.S. export markets live and in person.