Seven Wells Coming Off Confidential List Today -- May 1, 2020

See first comment: the EIA 914 was posted yesterday for February, 2020, data. Link here.

• EIA 914 out yesterday. FEB data.
• US up +87,000 bopd
• crude oil, major plays:
• GOM, back over 2 MM bopd;
• ND back over 1.4 MM bopd;
• NM, close to 1.1 M bopd, now;
• OK, back over 550 M bopd.
• KY (very small production, probably some data collection or seasonal production issue)
• CO was down a fair amount;
• TX close to flat (down slightly).
• On that natural gas side, 
• ND popped back over 3 BCF/d;
• TX and PA are still nosing around near iconic records, at just under 30 and 20 BCF/d, respectively
• overall US natural gas production was down a bit...makes sense given how miserable nat gas prices have been.

OPEC basket: $14.36.

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Back to the Bakken

Active rigs:

$20.08	5/1/2020	05/01/2019	05/01/2018	05/01/2017	05/01/2016
Active Rigs	30	65	61	49	29

Seven wells coming off confidential list today --  

Friday, May 1, 2020: 7 for the month; 57 for the quarter, 293 for the year:

• 37111, drl, Crescent Point Energy, CPEUSC Njos 8A-26-35-157N-100W TFH, Marmon, no production data,
• 36155, 983, Nine Point Energy, S Missouri 152-103-9-11-10H, Eightmile, t11/19; cum 97K in less than five months; 80 stages; 13.0 million lbs (11.6 million lbs 100 mesh and 1.4 million lbs "Super LC 30/50");
• 36091, drl, XTO, Krieger 42X-17DXA, Alkali Creek,
• 35815, 2,462, Hess, EN-Weyrauch B-154-93-3031H-6, Robinson Lake, t11/19; cum 75K  2/20; 30 stages; 10 million lbs; Three Forks;
• 35814, 3,949, Hess, EN-Weyrauch B-154-93-3031H-5, Robinson Lake, t10/19; cum 97K 2/20; 30 stages; 10 million lbs; Three Forks;
• 35813, 3,389, Hess, EN-Weyrauch B-154-93-3031H-7, Robinson Lake, t10/19; cum 84K 2/20; 30 stages; 10 million lbs; middle Bakken;
• 35812, 3,676, Hess, EN-Weyrauch B-154-93-3031H-8, Robinson Lake, t10/19; cum 98K 2/20; 30 stages; 10 million lbs; Three Forks;

RBN Energy: potential gas demand impacts of Alberta oil sands supply cuts.

Significantly reduced demand for crude oil by refineries is spurring production cuts in Alberta’s oil sands, and that could lead to a major decline in demand for Western Canadian natural gas. The oil sands are the single largest consumer of natural gas in Canada, accounting for more than half of the gas used in Alberta year-round and up to 37% of the gas used nationwide. With that kind of clout, anything that affects gas consumption in the oil sands is bound to have an outsized impact on the Alberta and overall Canadian natural gas markets. Today, we conclude our series on the effects of COVID-related disruptions on the Canadian natural gas market.