No Wells Coming Off The Confidential List Today -- October 20, 2020

From twitter earlier today:

OPEC basket, link here: trading at $41.37 today.

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Back to the Bakken

Active rigs:

$40.43	10/20/2020	10/20/2019	10/20/2018	10/20/2017	10/20/2016
Active Rigs	15	61	71	54	33

No wells coming off the confidential list today. Covid-19 surged six months ago, literally stopping new activity in the Bakken. We will see the effects of that "stoppage" play out over the next six months.

RBN Energy: coastal GasLink pipeline making slow progress to connect with LNG Canada, part 2.

By the middle of the decade, LNG Canada should be sending its first cargoes of Canadian-sourced LNG to Asian markets. More importantly, Canada for the first time will have an alternative export market for its natural gas supplies — for more than 50 years, piping gas south to the U.S. has been its only option. But getting gas from the Montney and Duvernay production areas to the British Columbia coast is no easy task. It requires the construction of an entirely new, 2.1-Bcf/d pipeline — expandable to 5 Bcf/d — much of it over very rugged terrain. Coastal GasLink, as the planned pipe is known, has also faced major regulatory hurdles. Today, we conclude a two-part series with a look at where the pipeline project stands today.

Over the past decade, the Shale Revolution in the U.S. has been placing an ever-tightening squeeze on Canadian gas supplies and exports. With U.S. natural gas production surging through most of that period, Canadian producers saw their market share erode rapidly. These developments — and Canada’s own growing supplies of unconventional gas in plays such as the prolific Montney — meant that other avenues for exporting natural gas had to be developed.