Nine Wells Coming Off Confidential List Over Next Two Days -- January 19, 2023

Flickertail state news: link here.

Active rigs: link here.

WTI: $78.92.

Natural gas: $3.380

Friday, January 20, 2023: 44 for the month; 44 for the quarter, 44 for the year
39013, conf, Kraken, Wilhelm 16-21 5H,
38733, conf, Hess, EN-Anderson-LW-156-94-1819H-1,
38014, conf, Petroshale, Laverendrye Federal 5TFH,
34526, conf, Slawson, Armada Federal 6-14-18TFH,
27897, conf, CLR, Jersey FIU 14-6H2,

Thursday, January 19, 2023: 39 for the month; 39 for the quarter, 39 for the year
39014, conf, Kraken, Wilhelm LE 16-21 1H,
38688, conf, Slawson, Armada Federal 4 SLTFH,
38015, conf, Petroshale, Sacagawea Federal 4MBH,
27896, conf, CLR, Jersey FIU 13-6H,

RBN Energy: ethane exports driving surge in production and infrastructure. Archived.

What’s the fastest-growing U.S. hydrocarbon? You guessed it — ethane.

Since 2016, ethane production has grown at almost 2.5 times the rate of crude oil or natural gas and 1.5X that of other natural gas liquids (NGLs).

And there’s a lot more upside potential where that came from. It’s entirely demand-pull, meaning that U.S. ethane production growth is being driven by increasing domestic and export demand for the petrochemical feedstock.

Shell’s new steam cracker in Pennsylvania is online, CP Chem and Qatar Energy are planning a new cracker in Orange, TX, and other projects are in the works. On the exports front, both Enterprise and Energy Transfer announced export-terminal-expansion projects in 2022.

All this new ethane demand needs supply, and fortunately the U.S. has the barrels, not only from ever-increasing NGL production, but also from ethane that today is being rejected and sold as natural gas. And the markets will need new pipes, fractionators, and ships to get that ethane to market. With today’s RBN blog, we begin a series to explore what these developments mean for U.S. ethane market players.