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Thursday, December 10, 2020

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

Active rigs:

$45.87
12/10/202012/10/201912/10/201812/10/201712/10/2016
Active Rigs1554645340

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;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20202415298153132058627422273260
BAKKEN9-20203017880178812480929045289560
BAKKEN8-20202920327203462149228670285780
BAKKEN7-20203124980249512483037324372230
BAKKEN6-20202122802226661613827281272190


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.

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