Title : Number Of Active Rigs Trending Down In The Bakken -- August 15, 2018
link : Number Of Active Rigs Trending Down In The Bakken -- August 15, 2018
Number Of Active Rigs Trending Down In The Bakken -- August 15, 2018
Wells coming off the confidential list today:30526, conf, CLR, Burr Federal 19-26H, Sanish, a nice well; Burr Federal wells are tracked here;
Active rigs:
| $66.40↓ | 8/15/2018 | 08/15/2017 | 08/15/2016 | 08/15/2015 | 08/15/2014 |
|---|---|---|---|---|---|
| Active Rigs | 57 | 56 | 31 | 74 | 194 |
RBN Energy: factors driving SoCal's recent natural gas prices.
A perfect storm of hot weather, transportation constraints and limits on storage use recently sent natural gas prices in Southern California surging to the highest levels seen in that market going back to at least 2007. Spot prices at the SoCal Citygate hub averaged close to $40/MMBtu in late July and were again up over $20/MMBtu last week, levels that were several times higher than the national benchmark Henry Hub — and, for that matter, every other U.S. market hub — on the same day. Prices since then have retreated, but the whipsawing price action raises questions about what’s in store for SoCal this coming winter. Today, we analyze the factors behind the recent record prices and prospects for continued volatility at SoCal.
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