CLR To Report One Well -- March 8, 2022

First things first: Apple special event today. Noon, CT. Streaming on Safari. It will be huge. 

Uncle Sam with hand out: it appears "everyone" is saying no. Apparently even Venezuela's Maduro has no interest in providing oil to the US. This suggests to me that Venezuela's oil sector is much like Mexico's. It has failed. They have enough oil for China, but not enough to supply the US. More to come over the next few days.

Oil:

• WTI: $122.80, up $3.44.
• Brent: $127.30, up $4.08.

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Back to the Bakken

Active rigs:

$122.80	3/8/2022	03/08/2021	03/08/2020	03/08/2019	03/08/2018
Active Rigs	32	16	55	67	59

Tuesday, March 8, 2022: 10 for the month, 118 for the quarter, 118 for the year

• 38127, conf, CLR, Flint Chips FIU 6-5H,

RBN Energy: how close is Cheniere to FID on another terminal expansion, part 2. Archived. I remember when I first started talking about all these LNG export terminals, must have been six years ago, all the push back I got from folks "it's not gonna happen."

US LNG export terminals are tracked here.

Cheniere Energy is by far the largest owner and operator of U.S. LNG capacity, with 45 MMtpa across nine liquefaction trains at two terminals: the six-train Sabine Pass facility in Louisiana and the three-train Corpus Christi terminal in South Texas. But when Sabine Pass Train 6 was placed into service earlier this year, it marked the first time since 2012 that Cheniere had no capacity under construction. 

The pause may not last long. With global demand for LNG super-strong and prices even stronger — the April Dutch Title Transfer Facility (TTF) contract hit a record $72.53/MMBtu on March 7 — and Russia’s invasion of Ukraine threatening future supplies of Russian gas into Europe, Cheniere may be poised to make a final investment decision (FID) on the next stage of its Corpus Christi LNG. In today’s RBN blog, we continue our series on the next wave of U.S. LNG projects with a closer look at Cheniere’s Corpus Christi Stage III.