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Thursday, August 29, 2019

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:

$56.218/29/201908/29/201808/29/201708/29/201608/29/2015
Active Rigs6361533076

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.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here. 

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