Three New Permits; Six DUCs Reported As Completed; RBN Energy Gauges The Biden LNG Export Pause -- February 1, 2024

Locator: 46709B.

WTI: $74.24.

Active rigs: 38.

Three new permits, #40495 - #40497, inclusive:

• Operators: Hess (2); CLR
• Field: Oliver (Williams); Little Knife (Dunn)
• Comments:
• Hess has permits for two GO-Olson permits, NWNW 25-157-98,
• both to be sited 741 FNL with one well 633 FWL and the other, 600 FWL;
• CLR has a permit for a Marshall well, SWSW 24-145-97, 
• to be sited 450 FSL and 869 FWL;

Six producing wells (DUCs) reported as completed:

• 37173, 2,720, MRO, Herbolt 31-16TFH, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	16	13934	13451	42536	8617	7550	829

• 37647, 449, BR, Tailgunner 2C TFH, North Fork, npd,
• 39633, 2,505, MRO, Penticoff 21-16TFH, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	17	15183	15112	48678	10314	10085	162

• 39634, 2,898, MRO, Jendrick 21-16H, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	14	19550	19459	51303	12140	11873	189

• 39913, 1,808, MRO, Rooney 34-9H, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	13	9952	9607	34894	6631	5828	618

• 39914, 905, MRO, Osmund 34-9TFH, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	7	3329	3214	13117	2205	1938	2

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Biden's LNG Export Pause

RBN Energy: gauging the impact of the DOE's pause in LNG export licenses. Archived.

There’s no doubt about it: The Biden administration’s decision to pause approval of LNG export licenses poses a new threat to a number of projects thought to be nearing a final investment decision (FID).

The questions brought on by the move are profound: how big of a problem is this for U.S. developers, how does the timeout affect the projects now in limbo, and — over the longer term — what does the added uncertainty regarding incremental LNG exports mean for U.S. crude oil and natural gas production and what does it mean for the global energy landscape? In today’s RBN blog, we discuss the factors that led to the administration’s announcement — and the case to be made that expanded LNG exports are in the U.S.’s economic and strategic interest.

The U.S.’s mammoth reserves of natural gas, combined with strong global demand for LNG, have spurred a sharp rise in LNG export volumes over the past few years. As recently as December, an average of about 14 Bcf/d of LNG — or around 14% of the dry gas produced in the U.S. each day — is being liquefied and shipped overseas, almost all of it from export terminals along the Gulf Coast. And, with several new LNG export projects under construction, we expect those volumes to nearly double over the next four years.