Monday Morning -- January 30, 2023

Focus on fracking: link here. 

• natural gas price hits 20 month low; 
• commercial oil supplies at 1​9 month high​; 
• largest increase in DUC wells in 30 months​​

Active rigs: 44.

The Far Side: link here.

WTI: $79.70.

Natural gas: $2.738.

Tuesday, January 31, 2023: 70 for the month; 70 for the quarter, 70 for the year
39043, conf, CLR, Kelling 3-4H,

Monday, January 30, 2023: 69 for the month; 69 for the quarter, 69 for the year
None.

Sunday, January 29, 2023: 69 for the month; 69 for the quarter, 69 for the year
39044, conf, CLR, Kelling 4-4H,
38163, conf, Hess, BB-Budahn-N-150-95-0506H-1,

Saturday, January 28, 2023: 67 for the month; 67 for the quarter, 67 for the year
39045, conf, CLR, Kelling 5-4H1,
38351, conf, Resonance Exploration, Resonance Wilmot 8-27H,

RBN Energy: Canadian gas producers pivot toward greater LNG price exposure. 

For the past several years, Western Canada’s natural gas producers have been forced to sit on the sidelines of too many broader price rallies as their main benchmark, AECO, languished at painfully low levels. Though an increasing number of producers have been steadily diversifying their price exposure away from Western Canada and AECO, even greater pricing upside might be captured if marketing arrangements could be developed to access higher international LNG prices via U.S. Gulf Coast terminals. In today’s RBN blog, we look at the steps that two of Canada’s largest natural gas producers have taken to capture that LNG price upside.