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Title : Seven Wells Coming Off Confidential List; Most Are DUCs -- November 19, 2018
link : Seven Wells Coming Off Confidential List; Most Are DUCs -- November 19, 2018

Seven Wells Coming Off Confidential List; Most Are DUCs -- November 19, 2018

Wells coming off the confidential list over the weekend, Monday:
Monday, November 19, 2018:
34048, conf, MRO, State Kelling 14-36TFH, Bailey, no production data,
33329, conf, XTO, Dakota Federal 42X-36D, Bear Den, no production data, 
33225, conf, CLR, Kennedy 7-31H, Dimmick Lake, a huge well:
32960, conf, Oasis, Ceynar 5298 44-32 13B, Banks, a huge well; 

Sunday, November 18, 2018:

• 32945, SI/NC, Oasis, Ceynar 5298 42-32 10B, Banks, officially a DUC but has been producing for several months; t--; cum 139K;

Saturday, November 17, 2018:

• 33872, SI/NC, MRO, Lawrence 34-35H, Bailey, no production data, 
• 33330, SI/NC, XTO, Dakota Federal 42X-36HXE, Bear Den, no production data, 

Active rigs:

$55.94😞	11/19/2018	11/19/2017	11/19/2016	11/19/2015	11/19/2014
Active Rigs	62	56	39	64	185

RBN Energy: Houston crude oil futures contracts compete for market share.

The race is on and here comes WTI up the backstretch. On November 5, CME Group launched a Houston WTI futures contract, challenging a similar trading vehicle from Intercontinental Exchange (ICE) that started up in mid-October.

Ever since crude flows to the Gulf Coast took off five years ago, the crude market has been clamoring for a trading vehicle that would accurately reflect pricing in the region that dominates U.S. demand from refineries, imports and exports.

Now there are two.

But their features are quite distinct. ICE’s contract reflects barrels delivered to Magellan East Houston, while CME’s contract is based on deliveries into Enterprise’s Houston system. The specs are different, as are the physical attributes of the two delivery points. Will both survive? Probably not. Futures markets tend to concentrate liquidity — trading activity — into a single vehicle that best meets the needs of the market. So, which of these will come out on top?  That’s what the crude oil market wants to know. In today’s blog, we delve into the differences between the two new futures contracts for West Texas Intermediate (WTI) crude delivered to Houston and ponder the market implications of these new hedging and trading tools.

So, WTI, ICE, and CME. 

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