Fourteen Wells Yet To Be Reported; Looks Like Several Will Be DUCs -- Monday, February 10, 2020

Top 30 "high impact" wells in 2020 -- Rystad Energy: link here. Rystad Energy press release here.

• North America: 5 (one in Alaska; one off Cuba, south of Florida; four in the gulf)
• South America: 7 (the map shows only five)
• Africa: 6
• off the coast of Norway: 2
• Mideast: 2
• Oceania, Australia, New Zealand: 5 

Trudeau's white elephant: Trans Mountain costs to rise 70 percent to almost $10 billion.

• that $10 billion does not include the C$4.5 billion Canadians paid to buy the pipeline
• because of legal delays and "accommodations" made to indigenous communities
• don't you just love that word, "accommodations"?
• C$1.1 billion spent by previous owner KMI
• excludes the C$4.5 billion that it cost Trudeau to purchase the pipeline -- say what? 
• how bad is this? Canadian government to hold press conference on "where we stand" on this debacle
• the good news: the Canadians will use the Iowa caucus app to poll citizens on the pipeline 

Oscar-diversity (and, no, I did not watch):

• Daily Beast: But as could have been expected, the sharpest jokes of the opening bit came at the expense of the Academy’s continued lack of diversity. This year, 19 out of the 20 acting nominees are white and all five director nominees are male. 
• Daily Beast: Joaquin Phoenix -- old, white male -- Oscar for Best Actor -- rails against Academy's lack of diversity -- along with just about everything else.
• South Koreans? The big winners? Whatever. 

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Back to the Bakken

Active rigs:

$50.21	2/10/2020	02/10/2019	02/10/2018	02/10/2017	02/10/2016
Active Rigs	54	63	58	35	41

Fourteen wells might come off confidential list today -- 

Monday, February 10, 2020: 32 for the month; 139 for the quarter, 139 for the year:

• 36678, drl, XTO, Mariner 14X-36D, Bear Creek,

Sunday, February 9, 2020: 31 for the month; 138 for the quarter, 138 for the year:

• 36427, drl, XTO, Linda 41X-22HXE, 
• 36426, drl, XTO, Linda 41X-22D, Capa,
• 35654, 917, Lime Rock, Twist 5-3-10H-143-95L, Murphy Creek, t8/19; cum 49K 12/19;
• 34954, drl, Petro Harvester, PTL4 10-15 163-92 C, Portal,
• 34953, drl, Petro Harvester, PTL4 10-15 163-92 B, Portal,

Saturday, February 8, 2020: 26 for the month; 133 for the quarter, 133 for the year:

• 36665, SI/NC, PetroShale, Jorgenson Federal 3MBH, Bear Den, 25K over 23 days;
• 34951, drl, Petro Harvester PTL4 10-15 163-92 D, Portal, minimal production;

Friday, February 7, 2020: 24 for the month; 131 for the quarter, 131 for the year:

• 36664, SI/NC, PetroShale, Jorgenson Federal 2MBH, Bear Den,  20K over 22 days;
• 36425, drl, XTO, Linda 41X-22H, Capa,
• 35884, 644, Liberty Resources, Haley 158-93-29-32-1TFH, East Tioge, t8/19; cum 61K 12/19;
• 35069, 16, Resonance Exploration, Resonance Issendorf 16-10H, Russell, Spearfish/Madison, t8/18; cum 8K 12/19;
• 35048, drl, XTO, Johnson Trust Federal 21X-6F,
• 32354, 174, CLR, Hereford Federal 8-20H2, 55 stages; 13.43 million lbs; Elm Tree; early production suggests a poor well; t8/19; cum 11K 12/19; see this note:

RBN Energy:Tallgraa/Rockies Express' recontracting efforts for Rockies gas flows.

For much of the time since it began operations, the capacity on Tallgrass Energy’s Rockies Express Pipeline has been contracted and utilized at high rates for long-haul flows east from the Rockies to the Midwest. Specifically, the pipeline consistently has had between 1.3 and 1.8 Bcf/d out of a total 1.8 Bcf/d contracted, mostly for 10-year terms. That all changed in the past year, however, as the original long-term shipper contracts that took effect in 2009 came due and the pipeline experienced a major decontracting, with the bulk of the contracts rolling off in November 2019. Since then, a number of open seasons led to a partial recontracting. Tallgrass also is developing two projects — Cheyenne Connector and REX Cheyenne Hub Enhancement — that could increase flows to REX later this year. Today, we continue a series providing an update on eastbound pipeline contracts and gas flows on REX.