#rigcount

[drillersclub]

November 15, 2018 ✯✯✯✯✯ ✯✯✯✯✯ ✯✯✯✯✯ #Drillersclub #oilfield #drillingrigs #oilpatchlife #oil #riglife #oilfieldstrong #oilfieldproud #riglife #oilfieldtrash #rigcount #price https://www.instagram.com/drillersclub/p/BqOS3K4nMC9/?utm_source=ig_tumblr_share&igshid=b1e97ruxmmpe

[poetponyofmidgard]

2 pages in & 2 top-of-the-line RIGS already! This is going to be a glorious trainwreck!📚 #rp2 #rp1 #readyplayertwo #helluvarig #classic80s #dontjudgeme #ernestcline #badbookclub #readyplayerone #glorioustrainwreck #badbooks #bestsellers #366pageswellnevergetback #rigcount #372pageswellnevergetback #372pages https://www.instagram.com/p/CIGM-RtJnJq/?igshid=z4oe6hgwnx14

[octg-network]

Enverus:#RigData - US Weekly Rig Count ending November 12, 2020 = 379 (+20) #oilandgas #enverus #rigcount #oilandgaspeople #oilcountrymedia https://www.instagram.com/p/CHif044jLwC/?igshid=mb62gmrnkz8m

[shaledirectory]

Production Up for Top Three Shippers Readying for Atlantic Sunrise

Jim Willis Editor & Publisher, Marcellus Drilling News (MDN)

  Cabot, Seneca and Chief have been ramping up production in preparation of the Atlantic Sunrise pipeline coming online this month.

According to a report from BTU Analytics, the top three shippers who will soon flow natural gas along Williams’ Atlantic Sunrise Pipeline (ASP), Cabot Oil & Gas, Seneca Resources and Chief Oil & Gas, have “nearly doubled” their rig counts over the past few months leading up to the imminent startup of ASP.

Cove Point

The pipeline is due to go online any day now, by the end of August. Cabot has reserved 1 billion cubic feet per day (Bcf/d) of the 1.7 Bcf/d capacity of the new ASP. One third of Cabot’s 1 Bcf/d (350 million cubic feet per day, MMcf/d) will flow to Dominion’s Cove Point LNG export plant in Maryland, heading for Japan. Another 500 MMcf/d of Cabot’s gas will go to Washington Gas via ASP, meaning northeast PA Marcellus molecules will help heat, cool and power D.C. swamp dwellers. Joy.

Here’s the great news that a single pipeline is stirring up a lot more drilling in northeastern PA.

Natural gas drilling activity in the US northeast is ramping up ahead of the full start-up of Williams’ 1.7 Bcf/d Atlantic Sunrise pipeline project later this month, which will allow inexpensive Appalachian gas to reach new markets on the Atlantic seaboard.

Independent producers Cabot Oil & Gas and Seneca Resources have capacity on the $3bn line, which will expand the Transcontinental Gas (Transco) pipeline in order to allow gas to move from the Marcellus shale in northeast Pennsylvania to Transco’s compressor station 195 in southeastern Pennsylvania. The 183-mile expansion also allows for Appalachian gas to reach the new Cove Point LNG facility in Maryland, which exported an estimated 23.5 Bcf in May.

Atlantic Sunrise began partial flows of 550mn cf/d earlier this summer and is expected to reach design capacity in the second half of August.

Total rig counts for the top three shippers on the line — Cabot, Seneca and privately-held Chief Oil & Gas — have nearly doubled in the months leading up to Atlantic Sunrise’s start-up, according to BTU Analytics.

Dry-gas production in June from the Marcellus shale, the largest US gas field by volume, topped more than 20 Bcf/d, up by 1.4pc from the prior month and 18pc higher than a year earlier, according the US Energy Information Administration (EIA). Gas production in the Marcellus likely received a boost in that month as Atlantic Sunrise began partial flows, providing crucial takeaway capacity for producers there.

Cabot has contracted for 350mn cf/d of capacity on Atlantic Sunrise, and has a 20-year supply agreement for its flows to Cove Point with Pacific Summit Energy, the North American marketing and trading affiliate for Japanese trading company Sumitomo. Cabot also has a 15-year agreement with distributor Washington Gas for 500mn cf/d via Atlantic Sunrise, among other sales agreements that total up to 1 Bcf/d of commitments on the expansion.

Cabot has said it will fulfill its commitments initially with a combination of redirected volumes and new production, “so we should not expect a one-for-one bump in new production with takeaway capacity coming on line,” BTU Analytics said.

National Fuel Gas’ producing subsidiary Seneca has capacity on the line as well, and earlier this year said it planned to develop its eastern Pennsylvania acreage further specifically for the arrival of Atlantic Sunrise. National Fuel Gas is also working in tandem with Transco on expanding its Leidy Line in Pennsylvania by 800mn cf/d, which should boost Seneca’s transport on that line by 10pc to 319mn cf/d.

Once Atlantic Sunrise begins full flows Tennessee Gas pipeline zone 4 Marcellus prices should narrow their discount to the Henry Hub. That index since the beginning of July — after the project began partial flows — has averaged a 53¢/mmBtu discount to the US benchmark, narrowing from $1.03¢/mmBtu a year earlier.

Click for larger view.

For more great articles on natural gas development every single business day, subscribe to Marcellus Drilling News using this convenient link.

The post Production Up for Top Three Shippers Readying for Atlantic Sunrise appeared first on Natural Gas Now.

https://www.shaledirectories.com/blog/production-up-for-top-three-shippers-readying-for-atlantic-sunrise/

[itzstockchartz]

[oilwire-blog]

Highest US Rigcount since Dec 2015 - Baker Hughes Rig Count

Highest US Rigcount since Dec 2015 – Baker Hughes Rig Count

Baker Hughes rig count report covering the U.S., Canada and International region was released with 17 more rigs added to US region, and the highest since December 2015. 70 rigs have been added in the U.S region over the last four weeks alone. 

The reported rig count for U.S. region is 729 rigs with addition of 17 rigs compared to the previous report. Onshore rigs account for an increase of 16…

[ogesinfo]

Baker Hughes International Rig Count for June 2018

https://oges.info/library/160433/baker-hughes-a-ge-company-announces-june-2018-rig-counts

[drillersclub]

Latest and Greatest #rigcount #drillersclub #oilfield https://www.instagram.com/drillersclub/p/BtD_7INnJgk/?utm_source=ig_tumblr_share&igshid=1horujbc0nc5b

[octg-network]

Enverus:RigData - US Weekly #RigCount ending November 5, 2020 = 359 (+11). YoY is down 517. #enverus #rigdata #oilandgasindustry #oilandgas #oilcountrymedia https://www.instagram.com/p/CHQ6VUJj9Fh/?igshid=pzzjigansbfx

[itzstockchartz]

Although a lagging indicator the rig count is rising. with WTI now flirting with $50 could we see the Rig Count decline? XLE possibly setting up a Right Shoulder on an Inverted Head & Shoulders pattern on a weekly chart... ITZ has a downside PT on WTI of $48 then a reversal higher. Yearend price objective of $60.

[octg-network]

#Drillinginfo shared our interview again on Twitter.com/Drillinginfo ! Check out our updated interview at Talk Texas Oil powered by www.octg.pro . .Great sidebar conversation w/ Kimberly Smith talking entrepreneurship w/ @AllenGilmer at @NAPE_expo bit.ly/2vlUWhO . . Let’s #TalkTexasOil & Gas at Summer NAPE 2017 with Allen Gilmer, CEO of Drillinginfo.com. The North American Prospect Expo is an excellent opportunity to hit the floor and meet your industry and your industry leaders. This interview went live from Summer Nape 2017 on August 16, 2017 in Houston, Texas. #talktexasoil Thank you Mr. Gilmer! What an amazing opportunity. Kimberly Smith with Talk Texas Oil Media interviews Allen Gilmer, CEO of Drillinginfo.com Live. This is personally one of my favorite interviews of all time. #kristenoctg @octg.pro @talktexasoil @permianlandgirl #talktexasoil #enterprenuership #oilandgas #octg #landwork #nape2017 #inspiringpeople #businessownership #americanbusiness #drillinginfo #productionmanager #permits #rigcount #oilproduction #gasproduction #oilrig #drillbabydrill #drillingrig #texasbusiness #texasblog #marketingblog

[drillersclub]

January 7, 2019 🛢✯🛢✯🛢✯🛢✯🛢✯🛢 #Drillersclub #oilfield #drillingrigs #oilpatchlife #oil #riglife #oilfieldstrong #oilfieldproud #riglife #oilfieldtrash #rigcount https://www.instagram.com/drillersclub/p/BsWIaYmH6ZI/?utm_source=ig_tumblr_share&igshid=jm54fktcizv3