Four Wells Coming Off Confidential List But No Data -- February 16, 2021

Active rigs:

	2/16/2021	02/16/2020	02/16/2019	02/16/2018	02/16/2017
Active Rigs	15	56	64	56	39

Tuesday, February, 16, 2021: 11 for the month, 44 for the quarter, 44 for the year.

• 37556, loc/NC, CLR, Norway 12-5H2, Fancy Buttes, first production, --; t--; cum --;
  

Monday, February 15, 2021: 10 for the month, 43 for the quarter, 43 for the year.

• 37555, loc/NC, CLR, Norway 11-5, Fancy Buttes, first production --; t--; cum --;
• 32853, loc/NC, BR, Remington 1B MBH, Blue Buttes, first production --; t--; cum --;

Sunday, February 14, 2021: 8 for the month, 41 for the quarter, 41 for the year.

• 37554, loc/NC, CLR, Norway 10-5HSL1, Dimmick Lake, first production --; t--; cum --;
  

Saturday, February 13, 2021: 7 for the month, 40 for the quarter, 40 for the year.

• None. 

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RBN Energy

From Monday:

RBN Energy: US natural gas spot prices race to $600 / MMBtu as mid-continent runs out of gas.

Physical natural gas spot prices in the U.S. Midcontinent trading as high as $600/MMBtu, while Northeast prices barely flinch – that was the upside-down reality physical traders were contending with Friday in trading for the long weekend, with Winter Storm Uri bearing down on large swaths of the Lower 48 and spreading bitter-cold, icy weather from the Midwest and Northeast to Texas and the Deep South. The record-shattering, triple-digit spot prices, mostly all west of the Mississippi River, were indicative of some of the worst supply shortages the market has seen during the generally oversupplied Shale Era, or ever. But the East vs. West price divergence also marks the culmination of years of shifting gas supply and flow patterns that have redefined regional dynamics. The market will be digesting the various impacts of this still-unfolding event for days, but some of the effects and implications can be gleaned already from daily pipeline flows. In today’s blog we provide an early look at the market impacts of the polar plunge.

RBN Energy: western Canada's refineries provide a bonanza of fuels, part 2

Long established as an oil-producing region, Western Canada has also become a major producer of refined products. With enough oil available to serve the nine refineries in the region, there is no need to import crude oil, making Western Canada one of the few parts of the world where the refineries are completely self-sufficient regarding oil supply. The region is also noteworthy in that, like the U.S. Gulf Coast, its refining capacity and gasoline, diesel, and jet fuel output is vastly greater than its own demand, resulting in a large surplus of refined fuels that can be sent across Canada and exported to the U.S. Today, we look westward, focusing on the nine refineries located in the Canadian West.