Monday -- December 13, 2021

Active rigs: the "29" is an estimate; current data will be released this afternoon when the daily activity report is released:

$71.05	12/13/2021	12/13/2020	12/13/2019	12/13/2018	12/13/2017
Active Rigs	29	15	53	67	51

Monday, December 13, 2021: 68 for the month, 71 for the quarter, 323 for the year:

• 38188, conf, CLR, Tallahassee FIU 4-21HSL, Baker, no production data,
• 37352, conf, Oasis, Wold 5397 44-34 12TX, Sand Creek, first production, 6/21; t--; cum 66K 10/21;
• 36862, conf, Whiting, Satterthwaite 13-7-2H, Sanish, first production, 8/21; t--; cum 30K 10/21;
• 36304, conf, Bruin, FB Belford 148-95-22D-15-10B, Eagle Nest, first production, 6/21; t--; cum 86K 10/21;

Sunday, December 12, 2021: 64 for the month, 67 for the quarter, 319 for the year:

• 37416, conf,  Oasis, Wold 5397 43-34 5B, Sand Creek, first production, 6/21; t--; cum 108K 10/21;
• 37381, conf,  Oasis, Wold 5397 43-34 4B, Sand Creek, first production, 6/21; t--; cum 89K 10/21;
• 37030, conf, Whiting, KR State 13-16HU, Sanish, first production, 9/21; t--; cum 43K 10/21;
• 36305, conf, Bruin, FB Belford 148-95-22D-15-8T, Eagle Nest, first production, 6/21; t--; cum 10/21;

Saturday, December 11, 2021: 60 for the month, 63 for the quarter, 314 for the year:

• None.

Friday, December 10, 2021: 60 for the month, 63 for the quarter, 314 for the year:

• 36306, conf, Bruin, FB Belford 148-95-22D-15-7B, Eagle Nest, first production, 6/21; t--; cum 161K 10/21;

RBN Energy: new long-term contracts propel multiple North American projects toward FID. Archived.

It has been an epic year for U.S. LNG. After COVID-19 and the subsequent global market crash brought LNG development to a standstill and shut-in production from existing terminals in 2020, this year has seen global prices repeatedly smash previous record highs, driving existing terminals to operate at peak levels and renewing interest in new LNG buildout. U.S. feedgas demand and LNG production will close out the year at all-time highs, but with just a few weeks left it looks like 2021 will be the first year since 2017 that no new LNG terminals will achieve a positive final investment decision. But that’s driven more by the tailwinds of 2020 — the back half of 2021 has seen a tremendous amount of commercial activity in the LNG sector. More than 21 million metric tons per annum of medium- and long-term capacity from planned LNG projects has been sold this year, creating enough forward momentum for multiple projects to move toward FID in 2022. We cover all the latest developments in our LNG Voyager Quarterly report, and in today’s RBN blog we take a look at some of the recent LNG deals and what they tell us about the future of North American LNG.