Huge Natural Gas Pipeline Story Coming Out Of Canada; One Well Coming Off Confidential List; WTI Drops Below $36 -- October 29, 2020

OPEC basket, link here: $39.53.

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One well coming off the confidential list --

Thursday, October 29, 2020: 23 for the month; 23 for the quarter, 688 for the year

• 36938, drl/A, Hess, EN-Sorenson B-155-94-3526H-7, Alkali Creek, big well; the Hess EN-Sorenson wells are tracked here;
  

RBN Energy: Canada finally approves 2021 expansion of NGTL's gas pipeline network.  

Natural gas production has been growing in Western Canada in recent years with an increasing share of that supply coming from core areas of activity within the Montney and Duvernay plays. 

This tighter focus has forced TC Energy to rework and expand its giant Nova Gas Transmission Limited pipeline system, a network that originally gathered gas supplies across a much larger geographic footprint. The problem is, it took far longer than expected for the latest round of NGTL expansions to win final approval from Canadian regulators. Today, we review the next phase of the pipeline’s system development, and what the regulatory delay might mean for Western Canada’s gas market.

Note: the Montney and the Duvernay plays are tracked at the sidebar at the right.