- DUCs:
- New well oil production:
- Bakken: 1,500 bopd
- Permian: 800 bopd
Active rigs:
$56.45 | 10/28/2019 | 10/28/2018 | 10/28/2017 | 10/28/2016 | 10/28/2015 |
---|---|---|---|---|---|
Active Rigs | 57 | 67 | 53 | 34 | 69 |
Wells reporting this weekend, Monday:
Monday, October 28, 2019: 90 for the month; 90 for the quarter:
- 33027, 2,880, CLR, Hereford Federal 12-17H2, Elm Treek, t9/19; cum --;
- 36298, SI/NC, Newfield, Schneiderman 15-99-29-32-5H, South Tobacco Garden, no production data,
- 35207, 713, Whiting, Molien 21-14-2TFH, Tyrone, t5/19; cum 59K 8/19;
- 35053, 1,632, CLR, Collison 13-23HSL, Avoca, t5/19; cum 117K 8/19; 42K in the month of June, 2019;
- 35798, 2,171, Whiting, Link 31-14HU, Foreman Butte, t4/19 (although the scout ticket as the test date as 4/1/1931 -- which of course would be April Fool's Day, 1931 -- ; cum 72K 8/19;
If it’s not one thing, it’s another in the Permian natural gas market. Just as it appeared that prices in the West Texas basin were finally turning a corner and strengthening with the full start-up of Kinder Morgan’s Gulf Coast Express Pipeline (GCX) late last month, various issues have again conspired to send daily Permian cash prices back down to near zero yet again. And it’s not just the daily spot markets that have come under pressure; forward prices were also severely discounted a few days ago when Kinder Morgan announced that the in-service date of its next long-haul pipeline from the region — the Permian Highway Pipeline project — would be delayed from late 2020 to early 2021. Keeping track of the roller-coaster ride of Permian gas prices and the drivers behind the highs and lows continues to keep heads spinning. Today, we explain the latest wild moves in the Permian natural gas market.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.