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Natural gas fill rate, pending, link here. Close but no cigar:
OPEC basket, link here: slight increased, at $43.40.
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Back to the Bakken
Active rigs:Back to the Bakken
$40.12 | 7/30/2020 | 07/30/2019 | 07/30/2018 | 07/30/2017 | 07/30/2016 |
---|---|---|---|---|---|
Active Rigs | 12 | 58 | 63 | 61 | 35 |
Three wells coming off the confidential list --
Friday, July 31, 2020: 71 for the month; 71 for the quarter, 517 for the year:
- None.
- None.
- 37309, drl/NC, WPX, Omaha Woman 24-13-12HIL, Squaw Creek, no production data,
- 37248, drl/drl, CLR, Monroe 4-2HSL, Banks,
- 36630, drl/NC, XTO, Arnold 21X-17BXC, Tobacco Garden;
The fundamental drivers of global energy markets are shifting as the world begins to recover from the crisis induced by COVID-19. North American natural gas markets have been upended this year by a multitude of events, chief among them the plunge in crude oil prices and a dramatic drop in LNG exports. Other smaller, yet relevant, factors have been gyrating as well, including natural gas exports to Mexico by pipeline. After climbing to new highs last fall, piped gas exports to our southern neighbor suffered significantly during the worst of this spring’s series of calamities, but things are looking up. Total exports across the border have reached new highs this month, with just-completed infrastructure in Mexico assisting in the jump. Perhaps things are getting back to normal, at least in this small corner of the energy markets. Today, we provide an update on exports of natural gas from the U.S. to Mexico.RBN Energy: how crude price differentials affect producers. Archived.
As the number of new COVID-19 cases continues to rise, so does the oil patch’s apprehension that crude oil prices could be poised to take another hit. If that happens, producers would have to review, yet again, their plans for optimizing production as best they can, given their pricing outlook. But producers do not all receive uniform prices reflecting NYMEX WTI for their physical barrels — far from it. Crude quality and proximity to a demand market can make a big difference in the price that the barrels will ultimately sell for. Price reporting agencies (PRAs) such as Argus and Platts track and publish these differentials. But how are those differentials calculated and how do they affect producers? Today, we discuss crude differentials and their impact.
Joining us in NoDak?
ReplyDeleteNo, I wish I were. I'll post later my itinerary.
DeleteI am not sure if you have seen this. U.S. solar power plant backed by over $700 mln in govt loans goes bust.
ReplyDeletehttps://www.yahoo.com/news/u-solar-power-plant-backed-181615599.html
Thank you. I had not seen that. When I get caught up, I will post it as a stand-alone post. In addition, I will add it to the original "Solyndra" list of failed companies:
Deletehttps://themilliondollarway.blogspot.com/2017/01/bakken-economy-january-12-2017.html.