Looking Good For A Thursday -- Triple-Digit Day For Texas -- Again -- August 17, 2023

Locator: 45485B.

Now? It's a "richcession." This obsession-recession is quite amazing. It's almost as if 30-y/o business writers have just discovered the business cycle. Link here.

Best advice ever: stay the course.

Quick picks: it's been a great month for investors and traders.

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Back to the Bakken

WTI: 

Friday, August 18, 2023: 35 for the month; 237 for the quarter, 482 for the year
39555, conf, Neptune Operating, Gibbins 11-2 2H,
39451, conf, CLR, Edward 11-23H1,
37881, conf, BR, Kermit 1-8-32UTFH,

Thursday, August 17, 2023: 32 for the month; 234 for the quarter, 479 for the year
39554, conf, Neptune Operating, Gibbins 11-2 3H,
38903, conf, Enerplus, MC-Kudrna 144-95-10-3-2H,
37880, conf, BR, Rink 2-1-5UTFH,
35470, conf, Oasis, MHA 1-29-30H-150-92,

RBN Energy: Venture Global becomess LNG leader as Calcasieu Pass commissioning drags on, part 3. Archived.

Venture Global reached a final investment decision (FID) on Plaquemines LNG Phase 1 in March 2022, making it the first new LNG project to get the green light post-COVID and kicking off a massive expansion period for U.S. LNG. In fact,, more than 61 million tons per annum (MMtpa) of new U.S. LNG capacity has been given the go-ahead in the past 17 months, including the full 20-MMtpa Plaquemines LNG project from Venture Global, plus projects from Cheniere, Sempra and, most recently, NextDecade’s Rio Grande LNG. 

Even if no new LNG projects are sanctioned after this — which seems unlikely, given the progress seen on some pre-FID projects — the U.S. will have the capacity to export 167.5 MMtpa, or more than 22 Bcf/d, by later this decade. 

This unprecedented level of buildout continues to be dominated by our “Big Three” of U.S. LNG — Cheniere, Sempra and Venture Global — which not only already operate LNG export terminals in the U.S. and have projects currently under construction, but all still have more capacity under development and working toward eventual FIDs. 

In today’s RBN blog, we wrap up our series with a look at the newest member of the Big Three, Venture Global, its projects under development and the controversy surrounding the commissioning of Calcasieu Pass LNG.