Wednesday, January 15, 2020

Five Wells Come Off The Confidential List Today -- January 15, 2020

It's always a surprise for the oilprice folks when it comes to the weekly US crude oil reports. Yesterday was no exception. Oilprice regular contributor said the 1.1-million-bbl build was a surprise when analysts a 500,000-bbl draw. When one is talking 450 million bbls in storage I would argue that a spread between 0.5 million and 1.1 million is hardly a rounding error.

Back to the Bakken

Active rigs:

Active Rigs5168553649

Wells coming off the confidential list today -- Wednesday, January 15, 2020: 46 for the month; 46 for the quarter; 46 for the year:
  • 36399, conf, Rimrock, Two Shields Butte 4-24-12-4H3
  • 35995, conf, Whiting, Martell 34-36-2H, 
  • 35779, conf, Hess, EN-Farhart-156-93-0409H-7,
  • 35689, conf, BR, Tailgunner 1D TFH
  • 34828, conf, Hess, HA-Nelson A-152-95-3427H-7,
RBN Energy: the new and expanded refined products pipes criss-crossing Texas.
Texas consumes far more diesel fuel than any other state and almost as much gasoline as car-crazy California, which also has 10 million more people. The long-distance distribution of refined products within the Lone Star State is handled largely by tanker trucks, but in the past couple of years, midstream companies have been adding a lot of new refined products pipeline capacity, not just to help deliver diesel and gasoline within Texas — including the diesel-hungry Permian Basin — but also to move motor fuels to the Mexican border for export. And more diesel and gasoline pipe capacity is on the way. Today, we discuss the new and expanded refined products pipelines criss-crossing Texas.

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