One Well Coming Off Confidential List Today -- February 21, 2024

Locator: 46856B.

WTI: $76.67..

Friday, February 23, 2024: 55 for the month; 114 for the quarter, 114 for the year
None.

Thursday, February 22, 2024: 55 for the month; 114 for the quarter, 114 for the year
39995, conf, CLR, Ransom 12-30H,
39847, conf, EOG, Parshall 173-0312H,
39846, conf, EOG, Parshall 172-0312H,
38642, conf, Hess, GO-Knudson-156-97-2017H-4,

Wednesday, February 21, 2024: 51 for the month; 110 for the quarter, 110 for the year
39534, conf, Hess, EN-Person A-156-94-1522H-2,

RBN Energy: how Plaquemines LNG will impact gas availability in southeast Louisiana.

December 15, 2024: Plaquemines up and running. Link here.

As mightily as U.S. LNG exports have impacted global trade dynamics, so have U.S. natural gas flows been reshaped by the pull toward Gulf Coast export terminals. The next new terminal on deck is Venture Global’s enormous Plaquemines facility in Louisiana, which could begin taking feedgas as early as late fall 2024 and will eventually ramp up to more than 2.6 Bcf/d. For Southeast Louisiana, home to a massive industrial corridor along the Mississippi River as well as the U.S. natural gas benchmark Henry Hub, the introduction of such a huge source of demand will change how gas flows into and out of the region — with knock-on effects across the Gulf Coast. In today’s RBN blog, we’ll turn once again to our Arrow Model to help illuminate what the path forward may look like. 

In our first blog in this series, we introduced the concept of the Arrow Model — a proprietary RBN analytical framework that organizes Texas and Louisiana into pipeline “corridors” that can be used to assess changes in regional inflows and outflows via groups of pipes that serve similar markets from comparable supply sources. These pipeline corridors are aggregations of pipelines connecting relevant market hubs — some within Texas and Louisiana and others outside the two states.