- 36986, drl/TAI, CLR, LCU Truman Federal 2-23HSL, Long Creek,
Fast and furious:
- Warren Buffett's stake in AAPL tripled in value;
- Men's Warehouse files for bankruptcy, link here;
- Lord & Taylor files for bankruptcy, link here;
- Norwegian cruise ship out at sea; did not get the memo; link here;
- Biden's VP short list: walks back support for Fidel Castro; can you spell "Florida"?
Apple, Inc:
- snaps up Canadian payment startup Mobeewave for $100 million; will crush Square; link here;
- wants same deal as other tenants in UK: a 50% discount in rent! LOL. Link here.
Saudi Arabia:
- OPEC basket, link here: $43.02 -- enjoy it while "you" can --
- may be forced to lower price again; get out the violins; link here;
********************************
Back to the Bakken
Active rigs:
$40.83 | 8/3/2020 | 08/03/2019 | 08/03/2018 | 08/03/2017 | 08/03/2016 |
---|---|---|---|---|---|
Active Rigs | 12 | 58 | 64 | 58 | 34 |
Wells coming off confidential list --
Monday, August 3, 2020: 4 for the month; 75 for the quarter, 521 for the year:
- 36986, drl/TAI, CLR, LCU Truman Federal 2-23HSL, Long Creek,
- None.
- 36627, loc/NC, XTO, Arnold 21X-17H, Tobacco Garden;
- 36418, SI/A, Zavanna, Panther 16-22 5TFH XE, Stony Creek, t--; cum 76K 4.5 months;
- 36161, drl/A, Hess, GO-Hauge-LW-156-97-2116H-1, Dollar Joe, t--; cum 93K 4 months; off line 6/20;
RBN Energy: northeast gas takeaway constraints loom this fall.
The Northeast natural gas market this past spring and early summer
averted a major meltdown, as production shut-ins, record cooling demand,
and increased outflows helped the region balance. But the fall shoulder
season is liable to be less forgiving, given that storage levels are
much higher and carrying a surplus to prior years. Now, shut-in wells
are back online for the most part and production has surged.
In-region
demand has been at record highs, but summer cooling demand will peak
soon and give way to balmy fall weather. As that happens, the Northeast
will increasingly rely on outbound flows to offset a growing supply
imbalance. But pipeline capacity utilization for routes moving gas out
of the region have been running high already. How much incremental
volumes can the takeaway pipelines absorb before constraints develop and
hammer regional supply prices? Today, we analyze flows and capacity out
of the region.
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