Unleaded Gasoline In North Texas -- DFW Area: $2.159 -- October 14, 2019 -- Ten Wells Coming Off Confidential List -- Is NDIC Closed Today?

North Texas gasoline at $1.16/gallon over the weekend, and that was before the 2% drop in WTI overnight, now trading at $53.58 before the market opens on this Columbus Day holiday, which, of course, will soon be replaced by .... well, something else.

Active rigs:

$53.58	10/14/2019	10/14/2018	10/14/2017	10/14/2016	10/14/2015
Active Rigs	58	67	59	31	66

Wells coming off the confidential list over the weekend, today -- Monday, October 14, 2019: 41 for the month; 41 for the quarter:

• 36016, SI/NC, WPX, Bison 27-34HEL, Eagle Nest, no production data;
• 35715, SI/NC, WPX, Nancy Dancing Bull 1-36HW, Mandaree, no production data;
• 34970, 1,651, CLR, Rader 8-24H, Avoca, t7/19; cum 44K 8/19;
• 34969, 1,096, CLR, Rader 9-2H1, Avoca, t7/19; cum 33K 8/19;

Sunday, October 13, 2019: 37 for the month; 37 for the quarter:

• 35950, SI/NC, XTO, Bronson 31X-14D, Temple, no production data yet;
• 34946, 1,319, Whiting, Moline 44-10-1TFH, Tyrone, t5/19; cum 91K 8/19;
• 34924, 1,648, CLR, Collison 11-23H, 44 stages; 10.4 million lbs; Avoca, t7/19; cum 60K 8/19;
• 30647, IA, CLR, Sorenson 7-16H2, Alkali Creek, t--; cum --;

Saturday, October 12, 2019: 33 for the month; 33 for the quarter:

• 35714, 2,798, WPX, Nancy Dancing Bull 1-36HE, Mandaree, t8/19; cum 62K in two months; and here's the frack data: 33 stages; 8.7 million lbs;
• 30648, 1,716, CLR, Sorenson 5-16H, Alkali Creek, t9/19; cum --;

RBN Energy: northeast gas prices take shoulder-season hits (whatever that means.)

Despite pipeline takeaway constraints being relieved this year, Northeast natural gas prices have averaged lower than last year through much of the injection season. They’ve been especially weak in recent weeks, with spot prices at Appalachia’s Dominion South hub averaging $1.27/MMBtu in October to date, which is about half of where they stood this time in 2018 and the lowest in two years. And earlier this month, on October 4, regional prices went into apocalyptic territory, plunging 30-50% to less than $1/MMBtu — reminiscent of the deep discounts of recent years when Marcellus/Utica producers were operating under severe pipeline constraints. Prices rebounded the very next trading day, but they remain depressed relative to last year. Today, we look at the fundamentals behind the recent price weakness. Starting today, you can also tune into an audio version of the current day’s blog.

So, quick: what does "shoulder-season" mean?