Four Wells Coming Off Confidential List -- August 13, 2020

 Active rigs:

$42.64	8/13/2020	08/13/2019	08/13/2018	08/13/2017	08/13/2016
Active Rigs	11	61	60	57	33

Four wells coming off confidential list -- 44 for the month; 115 for the quarter, 561 for the year:

• 35895, SI/A, Whiting, Rauser 22-29H, Pembroke, t--; cum 109K 6/20; a 32K month;
  
• 35722, SI/A, Oasis, A. Johnson 5298 42-33 7B, Banks, t--; cum 46K 6/20; a 16K month;
• 35597, SI/NC,  Enerplus, Cumulus 149-94-33C-28H, Eagle Nest, t--; cum 133K 6/20; a 33K month;
  
• 26970, drl/NC, XTO, FBIR Lawrence 24X-26E, Heart Butte,
  

RBN Energy: what's next for the US refining sector?

For U.S. refineries, the severe demand destruction that occurred this spring led to the worst financial performance in recent history. Not only did refiners produce less diesel, motor gasoline, and jet fuel in the second quarter than any quarter in recent memory, their refining margins were sharply lower than the historical range — a one-two punch that hit their bottom lines hard. The situation has improved somewhat this summer, but it’s still tough out there. So tough, in fact, that it’s reasonable to ask, does the coronavirus and its impacts to the energy sector signal the end of an era for refiners across the U.S.? Today, we review the decline in fuel demand and profitability in the second quarter and discuss the uncertainties refiners face in the second half of 2020 and beyond.

Cloudy: several wells from the Enerplus "Cloudy" pad are coming off line this week. These wells are tracked here.