OPEC basket, link here: $45.19
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Back to the Bakken
Active rigs:
| $42.43 | 8/21/2020 | 08/21/2019 | 08/21/2018 | 08/21/2017 | 08/21/2016 |
|---|---|---|---|---|---|
| Active Rigs | 12 | 64 | 61 | 52 | 32 |
Only one well coming off the confidential list -- Friday, August 21, 2020: 60 for the month; 131 for the quarter, 577 for the year:
- 36540, drl/NC, XTO, Marilyn 21X-23G, Capa, no production data;
RBN Energy: a propane molecule's journey to Mont Belvieu and beyond, part 2.
When you talk about energy molecules, propane takes the prize for the most versatile. In addition to its well-known uses for BBQ grills, indoor cooking, and home heating, propane is used for drying crops, as a feedstock for petrochemicals, as an engine fuel for forklifts and fleet vehicles, and in recent years, as an export product in its own right. Propane moves to market on pipelines, railcars, ships, barges, trucks — just about any form of transportation you can imagine. But exactly how any particular molecule of propane makes the journey from the instant it comes out of a well to all those market destinations can be a mystery to all but a small cadre of propane market insiders. In another in our series of updates to RBN’s greatest hit blogs, we are delving into this mystery, one step at a time, today focusing on transportation from the producing basin to storage and fractionation at the Mont Belvieu hub, and the transformation of the generic commodity to a marketable fuel.
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