As Many As Eleven Wells Came Off Confidential List Over The Weekend -- February 13, 2023

CVX: dividend. Nothing new here; previously announced; simply an "op-ed."

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Back to the Bakken

Active rigs: 46.

Peter Zeihan newsletter.

WTI: $79.72. "Red" overnight, back to "flat" this a.m.

Natural gas: $2.580.

Monday, February 13, 2023: 34 for the month; 104 for the quarter, 104 for the year
38974, conf, BR, Saddle Butte 44-9MBH-R,
38392, conf, Whiting, Rudman 11-12H,

Sunday, February 12, 2023: 32 for the month; 102 for the quarter, 102 for the year
39008, conf, CLR, Rhonda 9-28H,
36829, conf, BR, Three Washers 2E TFH-ULW,
36828, conf, BR, Three Rivers 2D MBH,
36827, conf, BR, Three Rivers 2C TFH,
36826, conf, BR, Three Rivers 2B TFH,
36825, conf, BR, Three Rivers 2A MBH

Saturday, February 11, 2023: 26 for the month; 96 for the quarter, 96 for the year
39009, conf, CLR, Rhonda 8-28H1,
38427, conf, Hess, HA-Dahl-152-95-0706H-8,
38165, conf, Hess, BB-Budahn-150-95-0506H-8,

RBN Energy: RBN's five-year natural gas market outlook, part 2. 

The CME/NYMEX Henry Hub prompt futures price has fallen precipitously in recent months and 2023 has the potential to be one of the most bearish in recent history. But longer term, the stage is set for tighter balances, price spikes and increased volatility. After a slowdown in 2022-23, LNG export capacity additions will come fast and furious over the next several years. As they do, they will outpace production growth, which will increasingly depend on pipeline and other midstream expansions. In other words, 2023 will be the last aftershock of Shale Era surpluses. We got a taste of what that could look like in 2022, but just how out-of-whack could the gas market get? In today’s RBN blog, we discuss the supply and demand trends that will shape the gas market over the next five years.