One Well Coming Off The Confidential List; WTI Flirting With $65 -- April 29, 2021

Active rigs:

$64.97	4/29/2021	04/29/2020	04/29/2019	04/29/2018	04/29/2016
Active Rigs	16	31	64	62	29

One well coming off the confidential list -- Thursday, April 29, 2021: 23 for the month, 23 for the quarter, 104 for the year:

• 37152, drl/A, Petro-Hunt, USA 153-95-2A-11-3H, Charlson, no production data.
  

RBN Energy: how WhiteWater's new natural gas storage project fits in the Permian. 

Permian natural gas markets have never been more interesting, if you ask us. Sure, there are no negative prices at the Waha hub these days, and the triple-digit prices produced by Winter Storm Uri are starting to fade in the rear view. But there’s plenty of action ahead for Permian gas this year and next. 

For starters, sometime in the next few weeks the 2.0-Bcf/d Whistler Pipeline is scheduled to begin moving natural gas from the Permian to South Texas, further enhancing takeaway options for the basin’s continually growing supply of gas. That’s good news, considering Permian gas production is at record highs and set to grow to over 14 Bcf/d by the end of 2022. 

Speaking of records, gas exports from the Waha Hub to Mexico have never been higher and should increase further this summer, as power demand increases and a new pipeline across the border is expected to come online. 

Topping all that off is the recent news that the Permian will soon see a major gas storage facility start up right in the middle of the Waha hub. The latter is the focus of today’s blog, in which we detail WhiteWater Midstream’s latest addition to the Permian gas infrastructure puzzle.