Five Wells Come Off The Confidential List Today; Kraken Will Report Four Huge Bigfoot Wells -- January 9, 2020

NDIC's daily activity report for yesterday, Wednesday, January 8, 2020 has been posted: nineteen permits renewed; Hess reports three DUCs completely; great IPs.

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Now, Back to Today

Active rigs:

$59.76	1/9/2020	01/09/2019	01/09/2018	01/09/2017	01/09/2016
Active Rigs	56	64	53	37	58

Wells coming off the confidential list today:

Thursday, January 9, 2019:

• 36013, conf, Kraken, Bigfoot 23-11 4TFH, 
• 36012, conf, Kraken, Bigfoot 23-11 3H,
• 36011, conf, Kraken Bigfoot23-11 2TFH, 
• 36010, conf, Kraken, Bigfoot 23-11 LW 1H, 
• 35572, conf, Whiting, Anderson 41-7HU, 

RBN Energy: how global prices drive US LNG cargo destinations.

After showing relative strength through most of the fall, prices at the UK’s National Balancing Point (NBP) natural gas benchmark collapsed by more than $1/MMBtu in December and have kept falling, and Asia’s Japan-Korea Marker (JKM) index followed suit to some degree.

Nevertheless, U.S. LNG export cargoes were at record highs in December as additional liquefaction and export capacity came online last month, including the first LNG export cargoes from the Elba Liquefaction project as well as Freeport LNG’s Train 2. Moreover, U.S. shipments are expected to climb further in the New Year as still more liquefaction trains are completed. While the global price spreads haven’t deterred U.S. exports, they, along with shipping costs, do influence export economics and cargo destinations. Today, we wrap up this series with a look at how LNG export costs interact with global price spreads and impact cargo destinations.