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 --

• 4Q19 net sales increased 7% on a reported basis and 9% on an operational basis
• shares: spike -- up 3.81%; up $3.29; trading at $89.16

Disclaimer: this is not an investment site.  Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here. 

********************************************

Back To The Bakken

Active rigs:

	1/13/2020	01/13/2019	01/13/2018	01/13/2017	01/13/2016
Active Rigs	53	67	55	36	51

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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	30	22724	23039	31187	18657	18603	54
BAKKEN	10-2019	31	26289	25798	36009	21346	17131	4215
BAKKEN	9-2019	27	22220	22568	32910	18177	16381	1796
BAKKEN	8-2019	30	32736	32752	48525	25467	20517	4950
BAKKEN	7-2019	10	13007	12470	23250	12218	7755	4463

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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	29	17783	17914	16294	34574	33465	0
BAKKEN	10-2019	31	3389	2999	17387	6749	5605	0
BAKKEN	9-2019	26	15406	15383	11705	24650	20051	3821
BAKKEN	8-2019	31	23396	23417	21704	37434	24920	11211
BAKKEN	7-2019	21	17808	17724	23505	28493	10290	17460

• 35889, 257, Enerplus, Lightning 149-93-07D-12H, Mandaree, t7/19; cum 84K 11/19;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	29	18745	18825	13792	21481	20327	0
BAKKEN	10-2019	31	3816	3449	17844	22055	20973	0
BAKKEN	9-2019	28	13348	13353	16212	21357	13920	6792
BAKKEN	8-2019	31	25964	25990	26144	41542	27658	12568
BAKKEN	7-2019	21	22343	22237	25377	35749	12911	21914

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.