US oil, gas pressure rises from 6 to 635 as high after post-epidemic

Highlights

Oil drilling 1 increased by 499

Gas stations run from 5 to 136

Tellurian plans new Hinsville wells

As oil-drilling activity moves to a new 17-month high, US oil and gas compression figures rose from six to 635 a week.

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The number of primary oil refineries has risen to 499, the highest since April 8, 2020, with most gas prices rising from five to 136, while the three-week high has fallen by nine since mid-August. .

While oil-based drilling activity is relatively new, it remains 27% behind pre-epidemic levels in early March 2020. Meanwhile, gas-based X-ray counts have dropped by only 8% over the same period.

Drivers in the South Texas Eagle Ford Basin have pushed the Rega count to a new 17-month high, adding two more weapons to a total of 50. Excavations in the basin appear to have stopped recently, following a four-week hiatus. In the late 30’s, the river basin rose to a maximum of 30, while the lower 40’s occurred between April and early September.

Annual production at Eagle Ford is expected to drop to around 55,000 b / d by 2021, but from then on. By 2022 it will fall by 140,000 b / d per year, according to S&P Global Platts Analytics.

The Permian Basin Rage count also doubled by 260, canceling last week’s double-embedded slide.

Rig counts in the SCOOP-STACK pool seem to have been released recently after the end of March 2020 to a maximum of 34.

Rig counts were fixed in other major oil-based basins. Rig counts in Buccaneer remained unchanged for the third week at 28, and the number of relays in the Denver-Julsburg game was held for the fourth straight week at 13.

Operators in the Marseille Basin have added a total of 34 relays for a total of 34, both of which have been added to the basin’s gas-based dry section, pushing the total to 23.

Rig counts in the nearby gas-based Utika Basin were fixed at 12 for the third straight week.

The Haynesville Basin has risen to 52 in good condition since the beginning of May.

Tellurian plans new Hinsville wells

Tellurian plans to drill 13 wells in Hesseville next year as it seeks to build adequate food supplies to support the first phase of the Driftwood LNG Export Terminal in Louisiana.

Based on the wells he drills and operates and the wells he participates in with other operators, Tulurian expects to produce three times the production of 100 MMcf / d by 2021 by the end of 2021. That is, it is still much shorter than the 1.5 B / d required for the sewer system.

Up to 27.6 million meters (per year) of sufficient termination agreements to support the first phase of the sewerage project, Tolorian still needs funding for terminal construction. One of those discussions was the storage of crude oil in support of the gas production plan to feed the plant.

To find the rest of the way, Tellurian continues to consider purchases, according to a post on the company’s website.

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