Several Wells Coming Off Confidential List -- July 5, 2022

XOM: sees $5.5 billion refining windfall. Link to Rigzone. 

China, Saudi, link here:

Saudi Arabia reserves, link here. I'm shocked. I'm shocked.

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Back to the Bakken

Far Side: link here.

WTI:

Active rigs: 44 or thereabouts

Wednesday, July 6, 2022: 6 for the month, 6 for the quarter, 345 for the year 

• 38245, conf, Ovintiv, Kramer 150-97-18-19-4H, 

Tuesday, July 5, 2022: 5 for the month, 5 for the quarter, 344 for the year

• None.

Monday, July 4, 2022: 5 for the month, 5 for the quarter, 344 for the year 

• 38246, conf, Ovintiv, Kramer 150-97-18-19-14H, 

Sunday, July 3, 2022: 4 for the month, 4 for the quarter, 343 for the year 

• 38632, conf, Lime Rock Resources, Jon R 16-21 2TFH, 
• 38247, conf, Ovintiv, Kramer 150-97-18-19-5H,
• 38177, conf, Hess, AN-Norby-LE-152-94-0409H-10, 

Saturday, July 2, 2022: 1 for the month, 1 for the quarter, 340 for the year 

• None.

RBN Energy: Europe seeks FFSRUs to boost LNG import capacity, and fast. 

Europe’s push to reduce and eventually eliminate its reliance on Russia for natural gas has pushed LNG imports back into the forefront of Europe’s long-term energy plan. This year, with European natural gas prices trading above Asian prices, the continent has been able to attract an incredible amount of LNG, with imports at record levels this winter and sitting just shy of those records this spring. That helped mitigate some of the risks to energy reliability from Russian aggression, at least until the Freeport LNG outage and the latest Russian gas curtailments, but import capacity in Europe was maxed out last winter and more LNG imports can’t happen in the long term without more import capacity. Most of the LNG terminals in Europe are operating at full capacity or don’t have enough market access on the other side of the pipe to take more. While plans to build new import terminals are underway, those take time, and lots of it, so Europe is also pursuing a more immediate option, floating storage and regasification units (FSRUs) — basically, an LNG import terminal on a ship. In today’s RBN blog, we take a look at all things FSRU, from what and where they are to the recent deals with European offtakers.