Six Wells Coming Off Confidential List; WTI Trading Under $52; EIA Reports US Inventories Today -- When The Numbers Are Released, Act Surprised -- June 12, 209

Natural gas: EIA raises natural gas production estimates for 2Q19 and 3Q19.

More natural gas: US natural gas set to post another triple-digit build. Survey: stocks to rise 108 Bcf.

Pipeline: TC Energia and IEnova's 2.6 Bcf/d Sur de Texas-Tuxpan pipeline has been completed after significant delays in 2018.

Shell Martinez refinery to be acquired by PBF Energy. Also here from the Rigzone staff, data points:
this is Shell's only refinery in California

• 104 years old
• located near San Francisco
• deal: $1 billion plus various adjustments
• PBF will now own two West Coast refineries
• the Martinez refinery, 157,000 bpd
• the Torrance refinery, 155,000 bpd
• near Los Angeles
• adding the Martinez facility brings PBF's total capacity past the 1 million-bpd mark
• PBF Energy, from wiki:
• headquartered in New Jersey
• has refineries in New Jersey, Louisiana, Ohio, Delaware, and now two in California
• formed in 2008: joint venture by Petroplus Holdings and two private equity companies: Blackstone Group and First Reserve

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Back to the Bakken

Wells coming off confidential list today -- Wednesday, June 12, 2019: 38 for the month; 227 for the quarter;

• 34655, SI/NC, Petro-Hunt, USA 153-95-3B-10-1H, Charlson, no production data,
• 34225, 907, Oasis, Nelson 5298 11-14 3B, Banks, t1/19; cum 138K 4/19;
• 35149, SI/NC, Hess, BB-Eide-151-95-3328H-8, Blue Buttes, no production data,
• 35005, 449, Whiting, Larson 44-12-4H, Corinth, t12/18; cum 42K 4/19;
• 34980, 1,107, Whiting, Schilke 24-21-1H, Big Stone, t12/18; cum 82K 4/19;
• 34934, SI/NC, XTO, Darlean 41X-2D, Alkali Creek, no production data,

Active rigs:

$51.78	6/12/2019	06/12/2018	06/12/2017	06/12/2016	06/12/2015
Active Rigs	63	62	53	28	76

RBN Energy: flurry of changes coming to Texas gulf coast gas markets.

When it comes to Texas natural gas markets, the Permian has been getting much of the attention lately, with its rapid supply growth, limited pipeline takeaway capacity and sometimes negative prices. However, a wave of gas infrastructure development just starting to come online along the Texas Gulf Coast is set to steal some of the Permian’s spotlight over the next few months. Two large liquefaction/LNG export facilities are ramping up on the coast, as are the pipeline reversal projects designed to supply them. Also, three announced Permian-to-Gulf-Coast gas pipelines slated for completion over the next 24 months will move supply cross-state to destinations spanning the area from the Houston Ship Channel to the Agua Dulce Hub near Corpus Christi. That’s a lot of change ahead for these key Texas gas markets. Today, we turn our attention downstream of the Permian to the Houston Ship Channel market, including upcoming gas infrastructure expansions and their potential impact on the greater Texas Gulf Coast gas supply and demand balance.

Corpus Christi: to become bigger than Houston with regard to oil exports.