Running out of dinero? Robert De Niro. Cuts estranged wife's monthly credit card limit from $100K to $50 (per month); she says she can't make it on that. Link here.
Schadenfreude: word of the day.
Manhattan rental market implodes: median rent plunges most ever as vacancies hit record high. Too bad Amazon didn't move to Long Island.
Saudi US imports: looks like fourth-lowest month in history, April, 2020. Link here.
OPEC basket, link here: flat at $43.31. Saudi can't make it on that.
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Back to the Bakken
Active rigs:
| $39.06 | 7/10/2020 | 07/10/2019 | 07/10/2018 | 07/10/2017 | 07/10/2016 |
|---|---|---|---|---|---|
| Active Rigs | 11 | 58 | 66 | 57 | 29 |
One well coming off confidential list -- Friday, July 10, 2020: 35 for the month; 35 for the quarter, 481 for the year:
- 29628, drl/NC, Hess, TI-Beauty Valley-158-95-1423H-1, no production data, look how old this permit is, a 29XXX series. The most recent permit: #37705.
U.S. LNG exports in recent months have gone from providing a consistent and growing source of demand to balance the U.S. natural gas market to now being a drag on demand growth and the gas market balance. Rising storage surpluses and record low prices in Europe and Asia, along with relative strength in the U.S. national benchmark prices at Henry Hub, have turned the economics upside down for U.S. exports and led to widespread cancellations of contracted cargoes. Feedgas deliveries and cargo liftings at Lower-48 terminals both have plummeted to the lowest levels since early 2019, despite domestic liquefaction capacity climbing by more than 4 Bcf/d since then. Moreover, the dynamics that led to the current predicament are likely to persist at least through injection season and potentially even beyond that to a certain extent. Today, we provide an update on how cargo cancellations have affected U.S. gas demand for exports, overall and at individual terminals.
De Niro and another the word of the day: epicaricacy
ReplyDeleteWow, you are a close reader of the blog and have a great memory. For newbies, see comments at this post:
Deletehttps://themilliondollarway.blogspot.com/2019/05/wti-closes-below-62-br-with-four-new.html#comment-form.
By the way, "epicaricacy" was put on "page 5" of my vocabulary lists I keep for the granddaughters. I print them off periodically and leave them at their house. LOL.
Deletehttps://milliondollarliterature.blogspot.com/2020/04/vocabulary-page-5.html.