Active rigs:
$94.23 | 2/16/2022 | 02/16/2021 | 02/16/2020 | 02/16/2019 | 02/16/2018 |
---|---|---|---|---|---|
Active Rigs | 23 | 15 | 56 | 64 | 56 |
Wednesday, February 16, 2022: 33 for the month, 88 for the quarter, 88 for the year
- 38384, conf, Petro-Hunt, Murphy 162-100-4B-9-2H,West Ambrose, not exactly tier 1 location, but look at this production;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 12-2021 | 31 | 12740 | 12795 | 20626 | 7224 | 6048 | 1025 |
BAKKEN | 11-2021 | 30 | 16620 | 17259 | 33078 | 9667 | 7542 | 2125 |
BAKKEN | 10-2021 | 4 | 1185 | 0 | 3807 | 855 | 671 | 184 |
RBN Energy: how global prices steer US LNG to different destinations.
Even as winter starts to wind down, global natural gas prices remain elevated as rising tensions between Russia and the Western world have destabilized European energy markets and pushed LNG, and U.S. LNG in particular, to center stage. From a markets perspective, the story of the past year has been high global gas prices — a strong incentive for LNG producers to push production facilities to operate at peak capacity and produce additional cargoes.
The tight market has also spurred demand for new long-term sales and purchase agreements (SPAs), creating momentum for a potential new wave of LNG development. But while gas prices in Europe and Asia have been elevated all year, they have not been elevated evenly. The Asia-Europe price spread has swung dramatically from favoring Asia last spring and summer to favoring Europe this winter, and U.S. export destinations have swung with it.
Last summer, almost no destination-flexible LNG produced in the U.S. was landing in Europe and now Europe is consuming U.S. LNG at record levels. In today’s RBN blog, we look at how global price spreads impact U.S. LNG export destinations and what the strength in European demand means for the future of LNG development.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.