Five Wells To Come Off Confidential List -- September 4, 2019

Cheniere Texas project hits milestone, link here. Data points from Rigzone:

• train 2 of its Corpus Christi liquefaction project achieved "substantial completion," August 28, 2019
• marks the seventh (7th) liquefaction train that Cheniere has declared substantially complete at its LNG facilities on the US Gulf Coast, at Corpus Christ and Sabine Pass, TX and LA, respectively
• each train was completed ahead of schedule and within project budgets
• May 2020: anticipated first commercial delivery
• a third train is under construction at CC and should reach completion in 2H21
• the three trains will provide 13.5 million tonnes per annum (mtpa) of LNG
• conversion: 13.5 million tonnes LNG = 120 million boe = 330K boepd
• at Sabine Pass, Cheniere operates five liquefaction trains; the company announced in June that it would build a sixth train; would raise Sabine Pass' nominal production capacity to 27 mtpa of LNG
• comment: the LNG US export terminal list is posted here; I remember when I first posted the original post, naysayers suggested this would never happen

Concho: very disappointing. I've only been able to find the extent of mineral acres to be sold by Concho measured in "gross acres," which for me, means nothing. I'm only interested in "net acres" and I can't find that number anywhere. Reference, Concho to sell New Mexico Permian assets to Spur Energy. 

New Mexico: to set records, US News. 

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Back to the Bakken

LCU: two more LCU Jessie wells have gone to DRL status.

Note: For some reason NDIC has been delaying IP data from wells coming off confidential list, but data suggests of the five wells coming off confidential list today, three will be DUCs; two are producing nicely. Data used to be reported by 9:00 a.m. daily but is now not being reported until the daily activity report comes out at the end of the day. May be incidental, or may be policy change. I think it's just incidental, just "one of those things" that happens periodically. 

Wells coming off the confidential list today -- Wednesday, September 4, 2019: 13 for the month; 145 for the quarter:

• 35810, 1,470, WPX, Ruby 31-30HS2, Antelope-Sanish, t7/19; cum 13K after 15 days;
• 35750, SI/NC, XTO, Tom State 34X-1CXD, Alkali Creek, no production data,
• 35224, SI/NC, Hess, BB-Federal A-LS-151-95-0915H-4, Blue Buttes, no production data,
• 34305, SI/NC, XTO, Rough Federal 44X-23F, North Fork, no production data,
• 34174, 1,753, CLR, Ravin 6-1H1, Dimmick Lake, t7/19; cum 23K after 20 days;

Active rigs:

$55.05	9/4/2019	09/04/2018	09/04/2017	09/04/2016	09/04/2015
Active Rigs	60	62	56	33	75

RBN Energy: MPLX's ever-expanding Marcellus/Utica gas and NGLs infrastructure, part 2. Archived.

The “wet,” liquids-rich parts of the Marcellus/Utica region enable producers there to benefit from the sale of both natural gas and NGLs. The catch is that, unlike major production areas in other parts of the U.S., the Northeast has no pipelines to transport unfractionated, mixed NGLs — also known as y-grade — long distances to fractionation centers in Mont Belvieu, TX, or Conway, KS. As a result, midstream companies serving the region have developed a number of interconnected gas processing, NGL pipeline and fractionation networks within the wet Marcellus/Utica to efficiently and reliably deal with the increasing flows of NGLs coming their way. No one has done this on a larger or more impressive scale than MPLX, Marathon Petroleum Corp.’s midstream-focused master limited partnership. Today, we continue our series on recently completed and planned gas processing and fractionation projects in the Northeast with a look at MPLX, the regional leader in this space.