No Wells Come Off The Confidential List For The Next Three Days -- August 29, 2019

Keep America safe: the Trump wall. Lots of contracts. Lots of progress.

Keeping America great:

North America will account for approximately 73 percent of growth in new-build liquefaction capacity in the global liquefied natural gas (LNG) industry through 2023, according to a new report from the data and analytics firm GlobalData.

“North America is expected to add 26 new-build LNG liquefaction terminals during the outlook period,” GlobalData Oil and Gas Analyst Soorya Tejomoortula said in a written statement emailed to Rigzone.

North America’s largest new-build liquefaction terminal will be NextDecade Corp.’s 27-mtpa Rio Grande LNG project near Brownsville, Texas. The facility, set to begin operations four years from now, will produce LNG from low-cost natural gas from the Permian Basin and Eagle Ford Shale.

Old news, or new?

BP exits Alaska. Jeffery Hildebrand picks up the pieces. Link here.

IPO: may be heading for Asia. Link here.

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Back to the Bakken 

No wells come off the confidential list today -- there was no February 29, 2019.

Wells come off the confidential list after exactly six months, based on "calendar date", not 180 days. August 29 - 31, inclusive, "follows" February 29 - 31, inclusive, none of which occurred this year.

Active rigs:

$56.21	8/29/2019	08/29/2018	08/29/2017	08/29/2016	08/29/2015
Active Rigs	63	61	53	30	76

RBN Energy: E&P stocks plunge to all-time lows despite solid second-quarter profitability. Archived.

The Shale Revolution that unlocked vast, low-cost oil and gas reserves, resulting in soaring production that transformed the U.S. from a major oil and natural gas importer to a rising exporter, was supposed to usher in a “Golden Age” for exploration and production firms (E&Ps). Instead, investors have increasingly abandoned energy equities, sending the S&P E&P stock index to an all-time low. The index closed at 3,272 on August 16, 2019, or about 75% lower than the all-time high of about 12,500 in mid-2014 and 46% lower than a year ago. And the stock prices of three-fourths of the big, publicly traded E&Ps have hit record lows over the last month. This energy-equities bloodbath would seem to indicate that the E&P industry is on the verge of financial meltdown. However, the just-released second-quarter 2019 results from the 44 U.S. E&Ps we track suggest that’s not entirely the case. Lower commodity prices certainly tightened the screws on the bunch, particularly companies that focus on gas production, but oil-weighted companies managed to eke out profit and cash-flow gains. Today, we provide an in-depth analysis of second-quarter earnings for oil-weighted, gas-weighted and diversified producers.

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