Hess Reports A Nice Sorenson Well Today -- December 10, 2020

Active rigs:

$45.87	12/10/2020	12/10/2019	12/10/2018	12/10/2017	12/10/2016
Active Rigs	15	54	64	53	40

One well is coming off the confidential list today -- Thursday, December 10, 2020: 12 for the month; 68 for the quarter, 733 for the year

• 36534, drl/A, Hess, EN-Sorenson B-155-94-3526H-10, Alkali Creek, t--; cum 101K 10/20;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2020	24	15298	15313	20586	27422	27326	0
BAKKEN	9-2020	30	17880	17881	24809	29045	28956	0
BAKKEN	8-2020	29	20327	20346	21492	28670	28578	0
BAKKEN	7-2020	31	24980	24951	24830	37324	37223	0
BAKKEN	6-2020	21	22802	22666	16138	27281	27219	0

RBN Energy: Proximity drives Costa Azul LNG export project forward.

Closing midstream deals has been a bit of a challenge in 2020, to say the least. In fact, this has been a year when many projects have been sidelined or cancelled outright, with most decisions on even the best prospects getting pushed to next year. But it hasn’t been all bad news. In a few cases, assets with advantages have made it across the finish line, even in the land of liquefied natural gas (LNG) export projects. Despite this summer’s collapse in U.S. LNG exports, driven by a compression of the spreads in global gas prices, Sempra Energy recently announced that it is going ahead with Phase 1 at its Costa Azul liquefaction project in Mexico’s Baja California. How did they pull this off in such a tumultuous year? Well, Costa Azul isn’t your everyday LNG export project. Today, we detail the most recent U.S. LNG export project to receive a final investment decision (FID) to proceed.