Monday, January 13, 2020

North Dakota's Active Rig Count Down To 53; CLR And Enerplus Report Nice Wells -- January 13, 2020

Sorry for the delay in posting this morning. More on that later.

Earnings season begins: off to the races and right out of the gate -- BAX --
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Back To The Bakken

Active rigs:

Active Rigs5367553651

Wells coming off the confidential list over the weekend, Monday --

Monday, January 13, 2019: 35 for the month; 35 for the quarter; 35 for the year:
  • 36626, SI/NC, XTO, Haustveit 42X-10DXA, Beaver Lodge, no production data,
  • 35906, 2,178, CLR, Honolulu 4-15H, Indian Hill, t7/19; cum 117K 11/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Sunday, January 12, 2019: 33 for the month; 33 for the quarter; 33 for the year:
  • None. 
Saturday, January 11, 2019: 33 for the month; 33 for the quarter; 33 for the year:
  • 35890, 257, Enerplus, Typhoon 149-93-07D-12-TF, Mandaree, t7/19; cum 78K 11/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
  • 35889, 257, Enerplus, Lightning 149-93-07D-12H, Mandaree, t7/19; cum 84K 11/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

RBN Energy: western Canada 2020 gas supplies to expand on TC Energy's Nova system. 
This year looks like it could be a better one for many Canadian natural gas producers. Like their brethren in the U.S., they have been forced in recent years to increasingly spend within — and even less than — cash flow as other sources of financing have dried up and investors have prioritized better returns over production volume growth. With Canadian gas producers having also faced some of the worst natural gas pricing conditions on record in 2019, far worse than those in the U.S., it is no wonder that Canadian natural gas supplies pulled back in 2019, marking the first down year for overall gas supplies since 2012. Despite what is likely still to be a cash flow and spending constrained environment in 2020, there is the potential for real upside for Western Canadian natural gas supplies this year, especially for the supply that flows into TC Energy’s Nova pipeline system. Today, we consider what may be setting the stage for gas supply gains on the Nova system in 2020 after a somewhat dismal 2019.

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