Three Words I Love To See In One Sentence: Williams, Sempra, and Haynesville -- November 16, 2022

I've accumulated shares in both companies for decades. Whoo-hoo! LOL.

The Haynesville is tracked here.

Link here.

Williams Cos. and Sempra Infrastructure have entered a non-binding heads of agreement (HOA) under which 500 MMcfd of natural gas will be sold on a delivered basis to a receipt point near Gillis, La., and 3 million tonnes/year (tpy) of LNG will be lifted in aggregate under separate offtake agreements from Sempra’s proposed 6.75-million tpy Cameron LNG Phase 2 and 13-million tpy Port Arthur LNG liquefaction projects. The companies described the HOA as establishing “the elements of an integrated platform” to connect Haynesville shale production to Gulf Coast and global natural gas markets.

Sempra and Williams plan to form a strategic joint venture to own, expand, and operate the 2.35-bcfd Cameron Interstate pipeline to deliver gas to Cameron LNG Phase 2 in Hackberry, La. Additional pipelines expected to be owned by the joint venture include the 2-bcfd Louisiana Connector pipeline to supply Port Arthur LNG in Port Arthur, Tex.

Louisiana Connector will use 72 miles of 42-in. OD pipe and a compressor station in Beauregard Parish, La. The US Federal Energy Regulatory Commission approved the pipeline in April 2019 and approved an extended timeline for implementation 3 years later.

**************************
Gasoline Demand

Link here.

**************************
Back to the Bakken

WTI: $85.28.

Natural gas: $6.227.

Active rigs: 40.

One new permit, #39417:

• Operator: Bison Land & Minerals
• Field: Wildcat (Renville County)
  
• Comments:
• Bison Land & Minerals has a permit for a wildcat well in Renville County
• West Dry Creek 1H, SWNE 12-160-85, will be sited 2511 FNL and 2096 FEL

Nine producing wells (DUCs) reported as completed:

• 37808, 1,521, Kraken, Raymond 16-21 4H, Oliver, t--; cum --;
  
• 37809, 1,541, Kraken, Raymond LE 16-21 1H, Oliver, t--; cum --;
• 37810, 758, Kraken, Washburne 15-22 7H, Oliver, t--; cum --;
• 32111, 2,180, Slawson, Armada Federal 4-14-13TFH, Big Bend, t--; cum --;
  
• 32112, 1,846, Slawson, Armada Federal 9-14-13TFH, Big Bend, t--; cum --;
• 38665, 2,265, Slawson, Armada Federal 8-14-13H, Big Bend, t--; cum --;
• 38365, 1,957, CLR, Fuller Federal 5-2H, Little Knife, t--; cum minimal production;
  
• 36353, 528, Lime Rock Resources, Jore Yellowstone 2H, North Fork;
  
• 38431, 954, Lindley 41-7HU, Parshall, t--; cum 39K after 54 days;

Slawson's Armada Federal wells are tracked here.