Six Wells Come Off The Confidential List Today -- June 6, 2019

Jobs, link here:

• forecast: 215K
• actual: 218K

Wells coming off the confidential list today -- Thursday, June 6, 2019: 16 for the month; 205 for the quarter;

• 35389, SI/NC, Newfield, Goliath 150-98-5-8-6H, 
• 35097, 562, Liberty Resources Management Company, LLC, Stanley W 158-91-30-6-1TFHX,  Kittleson Slough, t12/18; cum 74K 4/19;
• 34697, 1,760, CLR, Rolf 4-17H, Brooklyn, t4/19; cum 22K after 21 days;
• 32205, SI/NC, BR, CCU Pacific Express 32-19TFH,  Corral Creek,  no production data,
• 30028, SI/NC, Hess, BB-Federal-151-95-0817H-5, Blue Buttes, no production data,
• 23203, 1,438, Oasis, Kaitlin Federal 5693 41-28B, Alger, t12/18; cum 151K 4/19; 

Active rigs:

$52.19	6/6/2019	06/06/2018	06/06/2017	06/06/2016	06/06/2015
Active Rigs	64	60	52	26	82

RBN Energy: how much more crude export capacity does the US really need? Archived.

Crude oil production in the U.S. continues to rise — it currently stands at 12.4 MMb/d, up more than 1.6 MMb/d from 12 months ago, according to the most recent data from the Energy Information Administration (EIA). New pipeline projects from Cushing and West Texas to the Gulf Coast are being developed to ensure there is enough flow capacity to move all those barrels from the wellhead to refineries and export docks. Which leads to two critical questions — namely, how much actual crude oil export capacity is already in place at the Gulf Coast, and how much more needs to be developed? Today, we begin a series presenting our latest analysis of crude oil export capacity in the U.S., our forecast for total export demand, and our view of what it all means for the large slate of potential projects.

U.S. crude oil export volumes have grown substantially since the ban on most crude exports was lifted in December 2015. After doubling from nearly 600 Mb/d in 2016 to 1.2 MMb/d in 2017, export volumes increased again last year (averaging 2 MMb/d.
So far in 2019, crude oil exports have been averaging just over 2.7 MMb/d after hitting an all-time high of 3.6 MMb/d in mid-February. The demand to ship barrels overseas shows no signs of slowing, and for good reason. Crude exports are being driven by simple fundamentals, all of which point to continued growth in crude oil volumes moving out of the Gulf Coast and into international markets.