Nine Wells Coming Off Confidential List Today -- August 15, 2019

Jobless claims, link here:

• prior: 209K
• prior revised: 211K
• forecast consensus: 208K
• actual: 220K

Peak oil? What peak oil? All that hand wringing about lack of CAPEX for offshore drilling we've been reading about for the past several years? Westwood Global Energy Group says sixteen discoveries estimated to be larger than 100 million boe were made in 1Q19 -- this is already greater than the whole of 2019. For oil, one word: Guyana.

North Sea sale? Exxon reportedly eyes North Sea asset sale. No link. Not interested.

Keeping Texas great: Kinder Morgan to spend almost $200 million near Houston; capital porjects at its Pasadena and Galena Park terminals along the Houston Ship Channel.

Methane leaks: Trump likely won't provide relief the operators want. No link. Not interested.

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Back to the Bakken

Wells coming off the confidential list today -- Thursday, August 15, 2019: 28 for the month; 77 for the quarter:

• 35981, SI/NC, Sinclair, Uran 8-15H, Sanish, no production data,
• 35351, SI/NC, Hess, RS-State D-155-92-0203H-3, Alger, no production data,
• 35342, 633, Kraken Operating, Black Federal 33-28 2TFH, Oliver, t3/19; cum 67K 6/19;
• 35341, 1,159, Kraken Operating, Black Federal 33-28 3H, Oliver, t2/19; cum 119K 6/19;
• 35340, 547, Kraken Operating, Black Federal 33-28 4TFH, Oliver, t3/19; cum 42K 6/19;
• 35339, 1,166, Kraken Operating, Black Federal 33-28 5H, Oliver, t2/19; cum 112K 6/19;
• 35338, 780, Kraken Operating, Black Federal 33-28 6TFH, Oliver, t2/19; cum 96K 6/19;
• 34789, SI/NC, WPX, Sweet Grass Woman 22-15HD, Spotted Horn, no production data,
• 32465, SI/NC, BR, CCU Golden Creek 1-1-26TFH, Corral Creek, no production data,

Active rigs:

$54.72	8/15/2019	08/15/2018	08/15/2017	08/15/2016	08/15/2015
Active Rigs	62	57	56	31	74

RBN Energy: Columbia gas / gulf expansion boost Louisian gas inflows, part 2.

TC Energy’s Columbia Gas and Columbia Gulf natural gas transmission systems’ recent expansions out of the Northeast — the Mountaineer Xpress and Gulf Xpress projects, both completed in March — are responsible for a large portion of the uptick in Marcellus/Utica production in the last few months and they’ve added an incremental 860 MMcf/d of capacity for Appalachian gas supplies moving south to the Gulf Coast. The two projects join a number of other expansions in recent years that have inextricably tied Marcellus/Utica supply markets to attractive demand markets along the Texas and Louisiana coasts. Where is that latest surge of southbound supply ending up? Today, we look at the downstream impacts of the completed projects, namely on Louisiana gas flows and LNG feedgas deliveries.