$23.41 | 4/13/2020 | 04/13/2019 | 04/13/2018 | 04/13/2017 | 04/13/2016 |
---|---|---|---|---|---|
Active Rigs | 36 | 63 | 60 | 51 | 30 |
Only three wells coming off confidential list over the long Easter, locked-down, weekend --
Monday, April 13, 2020: 11 for the month; 11 for the quarter, 266 for the year:
- 33278, 3,115, EOG, Clarks Creek 41-0805H, Antelope-Sanish, t10/19; cum 225K2/20; , see this post;
- None.
- 33279, 3,306, EOG, Clarks Creek 42-0805H, Antelope-Sanish, t10/19; cum 219K 2/20; , see this post;
- 35016, SI/NC, BR, Lillibridge 3A MBH-R, Blue Buttes, no production data
The whirlwind of events that has transpired in the past couple of months — namely the coronavirus pandemic and the collapse of the OPEC+ coalition — has not only shaken up the energy markets, but quite literally sent it reeling in the opposite direction than where it was headed just a few months ago. The oil price decline has reverberated through the energy complex, and key indicators that drive industry decisions are veering far off from their recent course, and in many cases, also from historical norms.
The world is continuing to change at a rapid pace as the industry navigates the uncertainty. Just yesterday, in an emergency meeting, OPEC announced it had reached a 23-nation agreement to cut a combined 9.7 MMb/d of crude oil production starting May 1, 2020. Today, we highlight some of the biggest moves happening in prices and price relationships in recent days and weeks as the realities of crude oil demand constraints, supply glut and low prices set in.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.