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Friday, September 13, 2019

Only One Well Coming Off Confidential List Today -- September 13, 2019

EVs: it finally dawned on me why the "EV scoreboard" has not been completed.  US auto manufacturers no longer report sales on a monthly basis; I assume that may be true for a few other manufacturers. Not reporting this month:
  • Chevrolet
  • Ford
  • Kia
  • Porsche
  • Volvo
  • Hyundai
  • Subaru
EVs: most ridiculous EV sales reports (manufacturers, sales in August):
  • Mercedes B250e: 1 -- not a typo -- they sold one. Really? One? 
  • BMW 740e: 1. Not a typo. One.
  • BMWX5 xDrive 40e: 2. Twice as many as the BWM 740e, but then the BWMX5 xDrive 40e has more than twice the number of letters in its name ...
  • BMW 330e: 6. 
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Back to the Bakken

Only one well comes off the confidential list today -- Friday, September 13, 2019: 40 for the month; 172 for the quarter:
  • 35520, conf, Hess, EN-Davenport-LE-156-94-1003H-1,  
Active rigs:


9/13/201909/13/201809/13/201709/13/201609/13/2015
Active Rigs6465553569

RBN Energy: upcoming capacity expansions on TC Energy's NGTL system, part 6. Archived.
The options for moving Western Canada’s natural gas supply out of the region are limited. This situation has become more acute in the past few years with the upswing in associated gas production from specific areas within the sprawling region, meaning that not all the takeaway pipelines are created equal in terms of being able to move this incremental gas supply to downstream markets. One pipeline system — TC Energy’s mammoth Nova Gas Transmission Ltd. (NGTL) network — is ideally located to help out, given that big parts of it run through the fastest-growing production areas. But it’s been running full and is increasingly constrained. Will the planned expansions to the NGTL system be enough? Today, we continue our series on the Western Canadian natural gas market with a look at TC Energy’s NGTL network, the largest and most geographically advantaged of the pipeline systems in the region.


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2 comments:

  1. AnonymousSeptember 13, 2019 at 6:21 AM

    PGC (Potential Gas Committee) is out with its every two years assessment.

    http://potentialgas.org/press-release

    Record resource of 3.4 QCF* of potential gas. That's about 120 years at current use consumption. If you add in the proved reserves (not included in above), it's about 3.8 QCF, or 140 years of runway.

    It was a big addition of resource (biggest ever jump) since 2016. Mostly driven by shale in the App.

    Of course the peak oilers are unhappy. But then shale gas has figuratively held them down on the schoolyard playground and drooled on them.

    By the way, I know you love you some tight oil and the Bakken. But the shale gas story is just, as the kids would say, "sick". Massive resource AND low prices. No OPEC cuts needed here. Shale gas just crushed that market. Here (and more and more) overseas as well. Net exports (not just exports, but NET exports).

    And the NGL byproducts...propane is just this massive underreported story. US went from being an importer to now exporting more than any other country (on top of supplying its own increased consumption).

    *Quadrillion cubic feet. You know the TCF as trillion cubic feet. A QCF is a thousand TCF. I'm starting a movement to popularize this unit. "We're gonna need a bigger unit" to handle this shale phenomenon.

    ReplyDelete
    Replies
    1. Bruce OksolSeptember 13, 2019 at 7:10 AM

      Posted as a stand-alone:

      http://themilliondollarway.blogspot.com/2019/09/us-natural-gas-september-13-2019.html.

      Delete

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