Number Of Active Rigs In North Dakota Fails To Grow -- June 7, 2018

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Title : Number Of Active Rigs In North Dakota Fails To Grow -- June 7, 2018
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Number Of Active Rigs In North Dakota Fails To Grow -- June 7, 2018

Active rigs:

$65.38 6/7/2018 06/07/2017 06/07/2016 06/07/2015 06/07/2014
Active Rigs 60 52 26 82 194

RBN Energy: with TMX and LNG Canada, are Asian markets finally in sight for Canadian producers?
Western Canada is blessed with extraordinary hydrocarbon resources and in recent years has been ramping up production in the Alberta oil sands and in the Duvernay and Montney shale plays. The U.S. is pretty much Canada’s only crude oil and natural gas customer, though, and there are limits to how much Canada can export to its southern neighbor — especially in the Shale Era, with the U.S. producing more oil and gas than ever and meeting an increasing share of its own needs.
So Canadian producers, midstream companies and others have been working to gain access to new, overseas markets. It has not gone well. Pipeline projects to transport oil and gas to the British Columbia coast have been set back time and again, as have plans for crude and LNG export terminals. At last, there may be some good news. The Canadian government has stepped in to help push through a critically important oil pipeline to the coast, and BC’s leading LNG project just signed on a major new investor/customer. Today, we consider recent moves that could finally allow large volumes of Western Canadian oil and gas to be shipped to Asia.


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