EOG To Report Two Huge Wells Today -- April 13, 2020

Active rigs:

$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;

Sunday, April 12, 2020: 10 for the month; 10 for the quarter, 265 for the year:

• None.

Saturday, April 11, 2020: 10 for the month; 10 for the quarter, 265 for the year:

• 33279, 3,306, EOG, Clarks Creek 42-0805H, Antelope-Sanish, t10/19; cum 219K 2/20; , see this post;

Friday, April 10, 2020: 9 for the month; 9 for the quarter, 264 for the year:

• 35016, SI/NC, BR, Lillibridge 3A MBH-R, Blue Buttes, no production data

RBN Energy: the biggest moves reverberating across oil, NGL and gas markets.

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.