Three Wells Coming Off The Confidential List Today -- November 14, 2019

Active rigs:

$57.61	11/14/2019	11/14/2018	11/14/2017	11/14/2016	11/14/2015
Active Rigs	55	64	54	38	64

Wells coming off confidential list today -- Thursday, November 14, 2019: 49 for the month; 144 for the quarter:

• 36032, SI/NC, RimRock, Skunk Creek 12-10-11-16H3, South Fork, no production data, 33-025-03673; FracFocus - no frack data; #19587 -- off line since 3/19; #20926 -- off line since 3/19;
• 34882, SI/NC, Hess, AN-Norby-152-94-0409H-4, Antelope, no production data, 33-053-08530; fracked 9/29/19 - 10/12/19; #17609 -- off line as of 8/19;
• 32053, 705, Oasis, O M Erickson 5501 44-7 8BX, 36 stages; 5.9 million lbs; includes ceramic; Missouri Ridge, t5/19; cum 80K 9/19; #22498 -- never off line; unremarkable; #19952 off line, summer, 2019; back on line, 7/19; unremarkable;

RBN Energy: US propane now knotted with the Far East's enigmatic world of FEI and Ginga.

U.S. production and exports of propane have soared through the 2010s, and an increasing share of the propane loaded onto gas carriers at U.S. Gulf Coast terminals is headed to the Far East. The numbers are staggering. So far in 2019, 57% of propane produced from U.S. gas processing plants and refineries has been sent overseas, with about half of that total moving to Asian markets. With exports to Asia now such an integral piece of the propane supply/demand balance, the price of U.S. propane during most of the year is influenced more by the markets in Japan, South Korea and China than it is by demand in Iowa, Michigan and Pennsylvania. The challenge for U.S. propane marketers, producers and exporters is that, to the uninitiated, the Asia propane market is quite convoluted, being dominated by obscure market mechanisms known as FEI and Ginga. Today, we continue our series on international LPG trading with an explanation of how these mechanisms work together to establish propane prices in Asia and, by extension, the Gulf Coast.

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I Keep Forgetting They Wrote "Islands In The Stream"

Three-Song Medley, the Bee Gees