Two Wells Coming Off Confidential List Today; Qatar Making America Great -- August 9, 2019

Oops -- Halcon did it again: files for second bankruptcy in three years. Again, pre-packaged. Previously: May, 2016. Expects to emerge from bankruptcy within 60 days.

OXY completes Anadarko acquisition. No link; story everywhere.

Aramco: awards $18 billion in deals for oilfield work. Purpose:

• to boost productive capacity in its Marjan and Berri offshore fiields by 550,000 bopd; 2.5 bilion standard cubic feet/day of natural gas
• will help Saudi Arabia to continues Maximum Sustained Capacity at around 12 million bopd

Saudi: discussing options to halt oil slide.

Eagle Ford pipe: EVX Midstream Partners LLC to expand saltwater disposal gathering pipelines.

Permian: Qatar investing more than a half-billion dollars into Permian midstream --  data points:

• Oryx Midstream Services
• Qatar has acquired a "significant" stake in the company
• the Qatar partnership is the latest in a series of investments undertaken by Qatar across the US
• Qatar: plans to invest $45 billion in the coming years

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Back to the Bakken 

Two wells coming off confidential list today -- Friday, August 9, 2019: 12 for the month; 61 for the quarter;

• 35839, SI/NC, Sinclair, Sinclair State 8-36H, Robinson Lake, no production data,
• 34177, n/d, CLR, Ravin 9-1H,  Dimmick Lake, t--; cum --;

Active rigs:

$53.30	8/9/2019	08/09/2018	08/09/2017	08/09/2016	08/09/2015
Active Rigs	62	64	57	33	73

RBN Energy: how will Rockies pipeline development affect the Niobrara? Part 3.

The Niobrara production area in the Rockies is a complicated place to determine crude oil supply and demand balances. It’s at the crossroads of a number of supply areas, with volumes coming in from Canada and the Bakken, as well as locally from the Powder River and Denver-Julesburg basins. And in terms of destinations, there are well-established local markets, or you can send the molecules to Salt Lake City, or southeast to the Cushing, OK, hub and beyond. The Niobrara is one of the few growth areas we look at where there is substantial pipeline capacity for inflows and outflows, with the option to service multiple markets. Now, there are a couple of new pipeline projects ramping up in the Rockies, and given the region’s interconnectivity, it’s a good bet that the status quo in the Niobrara is in for some big changes. Today, we recap the new pipeline projects and then dive into what it could mean for the midstream balance in the Powder River and D-J.