WTI Climbing The Wall Of Worry -- June 24, 2019

Wells coming off confidential list over weekend, today -- 
Monday, June 24, 2019: 74 for the month; 263 for the quarter;

• 34398, SI/NC, WPX, Lion 18-19HX, Mandaree, no production data,

Sunday, June 23, 2019: 73 for the month; 262 for the quarter;

• 34092, 797, Oasis, Nelson 5298 13-26 9T, Banks, t1/19; cum 88K 4/19;

Saturday, June 22, 2019: 72 for the month; 261 for the quarter;

• 34397, SI/NC, WPX, Lion 18-19HA, Mandaree, no production data;
• 32359, 1,335, CLR, Antelope Federal 6-23H1, Elm Tree, t1/19; cum 144K 4/19;

Active rigs:

$57.84	6/24/2019	06/24/2018	06/24/2017	06/24/2016	06/24/2015
Active Rigs	64	65	58	30	77

RBN Energy: Salt Creek Midstream's integrated Permian strategy.

Permian midstream development activity has been happening at a rapid pace over the past few years, and we’ve featured many of those projects in the RBN blogosphere. One of the most aggressive players has been Salt Creek Midstream, which is in the midst of a big Permian buildout focusing on natural gas, crude oil, natural gas liquids and even produced water. Salt Creek isn’t only developing local midstream infrastructure; it’s also at work on long-haul solutions that will enable Permian producers to access markets along the Texas Gulf Coast — a wellhead-to-water strategy, you might call it. Helping Permian producers meet their needs to take away all three hydrocarbons plus produced water with integrated transport and pricing options is the key to Salt Creek’s effort. Today, we dive into the details of the company’s expansive Permian infrastructure development plan.

Salt Creek Midstream (SCM) is a joint venture formed by Ares Management and ARM Energy in mid-2017. Following an initial capital commitment from Ares, SCM soon became a minority partner in EPIC Midstream’s NGL Pipeline from the Permian to the Corpus Christi area.