Wells Coming Off Confidential List -- April 24, 2023

Locator: 44464B.

Active rigs: 44.

Peter Zeihan newsletter.

WTI: $78.64 and trending up.

Natural gas: $2.270 and also trending up.

Tuesday, April 25, 2023: 44 for the month; 44 for the quarter, 299 for the year
38857, conf, Whiting, Littlefield 11-21-2TFHU,
38564, conf, Hess, GO-Haug-LE-156-98-1917H-1,
32922, conf, Whiting, Crane Creek State 11-16H,

Monday, April 24, 2023: 41 for the month; 41 for the quarter, 296 for the year
None.

Sunday, April 23, 2023: 41 for the month; 41 for the quarter, 296 for the year
38682, conf, Whiting, LBJ 14-14HU,
36146, conf, BR, Mazamaphantom 1A MBH-ULW,

Saturday, April 22, 2023: 39 for the month; 39 for the quarter, 294 for the year
None. 

Friday, April 21, 2023: 39 for the month; 39 for the quarter, 294 for the year
39062, conf, KODA Resources, Bock 3229-2 BH,
37474, conf, Petro-Hunt, Watterud 160-95-11C-2-3H,

RBN Energy: for LNG developers and sponsors, it's a tricky path to reach FID. Archived.

In the period between Russia’s invasion of Ukraine in February 2022 and the end of last year, LNG sales and purchase agreements (SPAs) totaling 47.23 million tons per annum (MMtpa; 6.3 Bcf/d) were signed between buyers and nine U.S. LNG projects under development. Of those, the projects that will ultimately secure a critical mass of reputable offtakers and achieve a final investment decision (FID) must also secure permitting and financing. Two project FIDs were taken in 2022: Cheniere’s Corpus Christi Stage III in Texas and Venture Global’s Plaquemines Phase 1 in Louisiana. Although two more FIDs have recently been announced — Plaquemines Phase 2 and Sempra’s Port Arthur Phase 1 — there can be a timing disconnect between the commitments LNG buyers are prepared to make and the ability of project sponsors to deliver on their plans. In today’s RBN blog, we focus on the increasingly important role of financing in the implementation of U.S. LNG projects and the challenges that project developers and sponsors face.