Enerplus Reports A Nice "National Parks" Pad Well -- October 19, 2020

Saudi Aramco scales back expansion, link here:

• $20-billion crude-to-chemicals plant will be scaled back
• necessary "to preserve the world's biggest dividend"
• will instead incorporate existing facilities into the Yanbu project instead of building an entirely new one;
• looking to shelve the Yanbu project on Saudi Arabia's Red Sea coast or integrate it with existing refineries
• Saudi state also reviewing plans to buy part of a LNG terminal in Texas and has put a $10-billion Chinese refining project on hold

OPEC basket, link here: $41.29.

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Back to the Bakken

 Enerplus' "National Parks" pad is tracked here.

Active rigs:

$41.01	10/19/2020	10/19/2019	10/19/2018	10/19/2017	10/19/2016
Active Rigs	16	61	71	56	31

One well coming off confidential list --

Saturday, October 17, 2020: 19 for the month; 19 for the quarter, 684 for the year

• 35969, drl/NC, Enerplus, Yosemite 148-95-02A-11H, Three Forks B1, Eagle Nest, t--; cum 65K 8/20; fracked 3/23/20 - 4/5/20; 6.43 million gallons of water (moderate-sized frac); 65% water by mass;
  

RBN Energy: LNG demand will flip natural gas flows and basis across the Texas-Louisiana border, part 3.