Title : Tuesday, December 4, 2018
link : Tuesday, December 4, 2018
Tuesday, December 4, 2018
Fracking challenges with $50-oil, from The WSJ:
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Back to the Bakken
Wells coming off confidential list today -- Tuesday, December 4,2018:
33241, conf, Oasis, Muri 5198 12-4 6T,
31265, conf, Oasis, Kjorstad 5300 34-22 10T,
Active rigs:
| 12/4/2018 | 12/04/2017 | 12/04/2016 | 12/04/2015 | 12/04/2014 | |
|---|---|---|---|---|---|
| Active Rigs | 64 | 53 | 39 | 64 | 191 |
RBN Energy: tight supply-demand balance brings back natural gas price volatility.
Volatility is back big time in the U.S. natural gas market. The CME/NYMEX Henry Hub prompt natural gas futures contract in mid-November raced up more than $1.00 (28%) in the span of two days to a settlement of about $4.84/MMBtu on November 14, the highest price since February 2014, only to whipsaw back down 80 cents the next day. And, since then it hasn’t been unusual to see daily swings of 20-45 cents in either direction. As of yesterday, the now-prompt January 2019 contract was at about $4.34/MMBtu, down 27 cents on the day. The gas market hasn’t seen quite this level of volatility in a decade or more. Why now and what are the fundamentals behind it? With the coldest, highest-demand months still ahead, today’s blog provides an update of the gas supply-demand balance driving the recent price volatility.
Thus Article Tuesday, December 4, 2018
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