Thursday, January 10, 2019

Texas Crude Oil Production Continues To Increase; First Time Unemployment Claims Plummet -- January 10, 2019

Jobs. Link here.
  • prior (revised): 233K
  • consensus: 224K
  • actual: 216K -- way below consensus
  • change: a decrease of 17,000 -- another huge (and surprising) drop
    • why aren't we seeing an increase due to the government shutdown?
ISO New England: either that New England winter storm isn't as big as the weather people forecast (shock, I'm shocked) or the natural gas distributors are on top of their game. Link here

Joanne: time to take a look at Australia's problems. The country won the 2019 Patsy award.

An adult Dem in the room: Cher tells Pelosi to give Trump the wall, and end the shutdown.

Peak oil? Texas oil and gas production increases with stalled job growth.
... the state’s crude oil production was 1.35 billion barrels through November 2018 with a total of 1.5 billion barrels expected through 2018. November’s figures represent an increase of 209 million barrels. Natural gas production was at 7.5 trillion cubic feet through November.
Back to the Bakken

Two wells coming off the confidential list today -- Thursday, January 10, 2018:
Active rigs:

Active Rigs64533658167

RBN Energy: more US LPG export capacity on the way, part 2.
LPG exports out of Gulf Coast marine terminals averaged nearly 1.04 MMb/d in 2018, a gain of 12% from 2017 and 35% from 2016. And, with U.S. NGL production rising steadily, 2019 is looking to be another banner year for LPG shipments to overseas buyers. The increasing volume of propane and normal butane — the NGL purity products generally referenced as LPG — is filling up the existing export capacity of the Gulf Coast’s six LPG terminals and spurring the development of a number of expansion projects. Today, we continue our blog series on propane and butane export facilities along the Gulf, West and East coasts, and what’s driving the build-out of these assets.

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