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Title : Two Years Ago: Active Rigs In North Dakota Down To Less Than 30 -- June 20, 2018; Meanwhile, The Permian Is A Monster
link : Two Years Ago: Active Rigs In North Dakota Down To Less Than 30 -- June 20, 2018; Meanwhile, The Permian Is A Monster

Two Years Ago: Active Rigs In North Dakota Down To Less Than 30 -- June 20, 2018; Meanwhile, The Permian Is A Monster

Active rigs:

$65.95↑	6/20/2018	06/20/2017	06/20/2016	06/20/2015	06/20/2014
Active Rigs	62	56	29	77	189

RBN Energy: possible fixes to the Permian gas takeaway constraints.

Permian natural gas production increased by about 10% in the winter of 2017-18, from about 7.1 Bcf/d to 7.8 Bcf/d, but all spring it’s remained relatively flat, never averaging more than an even 8 Bcf/d. There’s good reason for that.

While at first glance it might seem as if there’s enough pipeline takeaway capacity out of the Permian to accommodate considerably more production growth, the big pipes from the Waha Hub to Mexico are transporting far less than they’re capable of because of delays in developing new pipes and gas-fired power plants on the Mexican side of the border.

And pipes from the Permian to California are running less than full, in part because of that state’s hard tilt to renewable power. That’s left the Permian with a takeaway conundrum that may not be fully solvable — at least for a time — until new, greenfield pipeline capacity from West Texas to the Gulf Coast comes online in 15 to 18 months. Today, we discuss the options that producers, gas processors and midstream companies may need to consider if things get really tight.

From Bloomberg: biggest US oil patch near its limits.

• pipelines will reach limit by this fall -- Pioneer
• lack of capacity to curb growth in Texas shale-oil region
• the Permian will have to shut wells within four months 
• the bottleneck is worsening
• now loading crude oil on trucks and driving hundreds of miles
• the Permian is growing at almost 1 million bopd annually
• production currently stands at 3.3 million bopd
• total pipeline capacity is 3.6 million bbls
• bottleneck won't ease for at least a year
• US crude oil production, March, 2018: 10.5 million bbls
• US crude oil production, March, 2018: up 1.4 million bbls from a year ago

Much more at the link.

https://ift.tt/2dZyQXu

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