Busy Day -- Got Started Late -- October 9, 2023

Locator: 45698B.

NFL:

• New Orleans: 34
• New England Patriots: 0

XOM announcement?

• XOM-PXD shale deal done? Nope.
• top XOM shale executive in jail? Yup.

In the queue:

• No mail today. Bond market closed.
  
• Obama's response to "IS-10-7."
• Nvidia.
• Dak is out.
• Ohio court of appeals: upholds depth severance clause in lease, January 26, 2023. Link here.
  

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Back to the Bakken

WTI: $86.21.

Tuesday, October 10, 2023: 23 for the month; 23 for the quarter, 593 for the year
39335, conf, CLR, Hegler 8-13H,

Monday, October 9, 2023: 22 for the month; 22 for the quarter, 592 for the year
39651, conf, Ovintiv, Eide 150-99-6-7-5H,
39336, conf, CLR, Hegler 9-13H1,
38837, conf, Enerplus, Hay Draw 148-97-27-34-5H,

Sunday, October 8, 2023: 19 for the month; 19 for the quarter, 589 for the year
39650, conf, Ovintiv, Fleck 150-99-6-7-9HLW,
39337, conf, CLR, Hegler 10-13H,
38838, conf, Enerplus, Hay Draw 148-97-27-34-6H,

Saturday, October 7, 2023: 16 for the month; 16 for the quarter, 586 for the year
None.

RBN Energy: US LNG feedgas demand has additional upside beyond new capacity.

LNG feedgas demand has averaged a record of about 12 Bcf/d this summer and fall. While that may sound like an impressive number (and it is), it could increase significantly — even without new capacity additions — over the next few months as seasonal demand rises and maintenance activity slows. And that’s just for starters. Next year, the first of several planned LNG export terminals and expansions of existing ones will start commissioning, and by the end of this decade feedgas demand may well double. In today’s RBN blog, we look at how current LNG feedgas demand stacks up compared to past years, the factors driving current demand, and the potential for additional upside.