Two Wells Coming Off The Confidential List -- July 17, 2020

The Director's Cut is scheduled to be released late today, 3:30 p.m. CDT. 

Active rigs:

$40.86	7/17/2020	07/17/2019	07/17/2018	07/17/2017	07/17/2016
Active Rigs	10	56	69	59	29

Operators with active rigs:

• BR (2)
• CLR (2)
• WPX (2) 
• MRO (0) -- dropped one
• Petro-Hunt
• Hess
• Slawson (2) -- adds one
• XTO (0) -- dropped one

Two wells coming off the confidential list -- Friday, July 17, 2020: 47 for the month; 47 for the quarter, 493 for the year:

• 36488, drl/A, Hess, TI-Stenbak-158-95-2526H-2, Tioga, t--; cum 66K 5/20; started producing 1/20;
• 36391, SI/A, Whiting, Ogden 12-3-3H, Sanish, t--; cum 78K 5/20; started producing 1/20;

RBN Energy: Alberta's gas power burn to expand significantly next year.

In many parts of the world, the shift away from coal-fired to natural gas-fired generation and renewables has been gaining momentum in an attempt to curtail the output of carbon dioxide (CO2) and other greenhouse gases. The Canadian province of Alberta kicked off such an initiative in 2016 to eliminate all of its coal-fired power generation sources and replace these with either gas-fired plants, wind farms, or solar by 2030. In the past two years, the province’s major electric utilities and independent power producers (IPPs) have been accelerating these plans, such that the complete phase-out of coal will be accomplished many years in advance of the original deadline. Today, we consider this transition and highlight what should be a pivotal year for Alberta’s use of natural gas in power generation.