MPLX eyes expansion of Whistler Pipeline:
- link here;
- Permian natural gas pipeline;
- eyeing expansion from existing 2 Bcf/d p to 2.5 Bcf/d
- 2.5 Bcf/d is the maximum Whistler can be expanded without building a new pipeline;
- 450-mile pipeline from Agua Dulce, TX, near Corpus Christi
- came online in August, 2021
- late January, 2022: announced plans to build a 35-mile lateral to extend the pipeline deeper into the Permian's Midland Basin near more gas processing plants; this lateral will be completed by late 2022
- natural gas takeaway capacity is quickly becoming the biggest bottleneck for the basin's future oil and gas production growth
- would also consider new long-haul Permian natural gas pipeline
- Tornado 2 gas processing plant comes online late 2022
- much more at the link
$100 oil is now becoming the consensus:
- link here;
- UBS is added to those below calling for $100-Brent oil:
- Goldman, JP Morgan, Morgan Stanley
- $90 by end of March, 2022
- $100 by September, 2022
- Brent has already crossed above $90 multiple times already this year
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Back to the Bakken
Active rigs (I'll update this later, if necessary):
| $88.26 | 2/2/2022 | 02/02/2021 | 02/02/2020 | 02/02/2019 | 02/02/2018 |
|---|---|---|---|---|---|
| Active Rigs | 34 | 14 | 54 | 64 | 57 |
The NDIC shows 36 rigs:
- one is a CCS well:
- one is a SWD well, so that means 34 active oil and gas wells
- and, this is huge in a sense: a reader wrote me a couple days ago that BR (COP) was preparing two rigs for the Bakken; here's one of them:
- 37925, drl/conf, BR, Lone Beaver 1-1-17MTFH, North Fork,
Two new permits, #38767- #38768, inclusive:
- Operator: Lime Rock Resources
- Field: Murphy Creek (Dunn County)
- Comments:
- Lime Rock Resources has permits for two Eleanor Twist wells, to be sited in Lot 3 section 3-143-95; and,
- sited between 540 FNL and 590 FNL and between 1826 FWL and 1888 FWL
Fifteen permits renewed:
- Whiting (7): seven permits for the following wells, all in Williams County: Larson, P Bibler, P Earl Rennerfeldt, Roggenbuck Federal, Satterthwaite, Rooggenbuck, and Iverson
- Petro-Hunt (6) three Estby permits; three Jorgenson permits, all in Burke County;
- Rimrock Oil & Gas: a Skunk Creek permit in Dunn County
- Hess: an RS-State permit in Mountrail County
