OPEC Basket Opens Below $40; Five Wells Taken Off Confidential List -- October 5, 2020

First things first: Americans and Brits do it again! First Oslo prize announced -- Medicine -- Hepatitis C -- !! Link here.

Focus on fracking, weekly edition posted, link here. oil and natural gas sell off on news of Trump infection. Distillate production at three-year low.

OPEC basket, link here: amazing how fast and how far OSP fell on news of President Trump testing positive for Chinese flu. This is the most recent data at the OPEC site, but obviously this is a couple of days old and OPEC basket has recovered (it's at $39.94).

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Back to the Bakken

Active rigs:

$38.48	10/5/2020	10/05/2019	10/05/2018	10/05/2017	10/05/2016
Active Rigs	11	58	64	59	32

Five wells coming off the confidential list:

Monday, October 5, 2020: 7 for the month; 7 for the quarter, 672 for the year

• None.

Sunday, October 4, 2020: 7 for the month; 7 for the quarter, 672 for the year

• 36670, drl/A, Hess, TI-Ives-157-94-0601H-8, Tioga, t--; cum 66K 8/20;
• 36264, drl/A, WPX, Rubia 24-13HY, Mandaree, t--; cum 123K 8/20;

Saturday, October 3, 2020: 5 for the month; 5 for the quarter, 670 for the year

• 36978, drl/A, Kraken, Hobart LW 34-27 1H, Oliver, t--; cum 147K 8/20;
• 36948, drl/A, Whiting, Arndt 11-24-2H, Sanish, t--; cum --;
• 34916, SI/A, Whiting, Wold Federal 44-1-4H, Sand Creek, t--; cum 102K 8/20;

RBN Energy: US ethane export terminals, throughputs, and cargo destinations. Archived.

Taken together, the ethane-related infrastructure projects developed in the U.S. over the past several years serve as a reliable feedstock-delivery network for a number of steam crackers in Europe, Asia, and Latin America. NGL pipelines transport y-grade to fractionation hubs, fractionators split the mixed NGLs into ethane and other “purity” products, ethane pipelines move the feedstock to export terminals fitted with the special storage and loading facilities that ethane requires, and a class of cryogenic ships — Very Large Ethane Carriers, or VLECs — sails ethane to mostly long-term customers in distant lands. The end results of all this development are virtual ethane pipelines between, say, the Marcellus/Utica and Scotland, or the Permian and India. Today, we continue our series on ethane exports with a look at the two existing export terminals, the ethane volumes they have been handling, and where all that ethane has been headed.