Busy, Busy Monday -- Two Wells Coming Off Confidential List But SOOO Much More -- April 6, 2020

First things first: that NASCAR race last night might have been fake, but the consequences were real. Wow. Amazing. Who would have thought. Stories/links everywhere. Here's one. We'll come back to this later.

Focus on Fracking: blog by "rjs." Correct me if I'm wrong but this seems to be one of the longest blogs ever at "Focus on Fracking." Link here. A lot of good stuff there. Recommend scrolling through very quickly to see the "headline" stories and then going back to those that interest. Two very nice graphics on break-even prices in the various US shale plays. I will come back to "Focus on Fracking" later.

Why Californians are getting reamed at the pump: I'm not sure there is anything new here, but it's nice someone posted this -- "Watts Up With That." Link here.

The next grand minimum: I missed this until last night. Wow. I hope the site doesn't come down. I learned more about solar cycles at that blog than anywhere else. Link here.

Canadian dollar: hanging in there at just above 70 cents US.

Wuhan flu: same ol', same ol." Governor Cuomo appears to be losing it. Literally and figuratively.

Apple: donating over 20 million masks to healthcare professionals. 

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Back to the Bakken

Active rigs:

$26.98	4/6/2020	04/06/2019	04/06/2018	04/06/2017	04/06/2016
Active Rigs	44	62	57	49	28

Only wells coming off confidential list this weekend, Monday --  

Monday, April 6, 2020: 5 for the month; 5 for the quarter, 260 for the year:

• None.

Sunday, April 5, 2020: 5 for the month; 5 for the quarter, 260 for the year:

• 36263, drl, WPX, Rubia 24-13HD, Mandaree, t--; cum 60K in 27 days; see this post;
  

Saturday, April 4, 2020: 4 for the month; 4 for the quarter, 259 for the year:

• 36262, drl, WPX, Rubia 24-13HZ, Mandaree, t--; cum 56K in 27 days; see this post;

RBN Energy: understanding how COVID-19 turns energy fundamentals upside down.

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In the blink of an eye, global demand for crude oil has fallen by 20-25%, with knock-on effects on natural gas and NGL markets. Commodity prices are down sharply. And flows through all manner of energy infrastructure are soon to be slashed, including gathering systems, processing plants, pipelines, fractionators, refineries and export docks. Just a few weeks ago, energy markets were all about supply — too much of it in the U.S., which needed exports to balance the market. Now, it’s all about demand — nowhere near enough of it, and no clear indicator yet of how soon or how quickly it might rebound. That means that new and legacy infrastructure projects will be battling for throughput volumes. Some projects that were critical to the supply chain as recently as January and February are on their way to becoming redundant.