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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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Active rigs:


1/13/202001/13/201901/13/201801/13/201701/13/2016
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
BAKKEN11-201930227242303931187186571860354
BAKKEN10-20193126289257983600921346171314215
BAKKEN9-20192722220225683291018177163811796
BAKKEN8-20193032736327524852525467205174950
BAKKEN7-2019101300712470232501221877554463

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
BAKKEN11-20192917783179141629434574334650
BAKKEN10-2019313389299917387674956050
BAKKEN9-20192615406153831170524650200513821
BAKKEN8-201931233962341721704374342492011211
BAKKEN7-201921178081772423505284931029017460
  • 35889, 257, Enerplus, Lightning 149-93-07D-12H, Mandaree, t7/19; cum 84K 11/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20192918745188251379221481203270
BAKKEN10-201931381634491784422055209730
BAKKEN9-20192813348133531621221357139206792
BAKKEN8-201931259642599026144415422765812568
BAKKEN7-201921223432223725377357491291121914

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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