Wednesday Morning News And Links

Active rigs: 187 (steady)

Wells coming off the confidential list have been posted; scroll down.

RBN Energy: tracking where Eagle Ford crude goes -- just one snippet --

The data shows that 62 percent of the 370 Mb/d total waterborne movement out of Corpus in May was destined for either Houston or LOOP. Just under 32 percent of the Corpus outbound volume (121 Mb/d) goes to LOOP - the largest crude oil import terminal on the Gulf Coast – built to offload large crude tankers and as the gathering point for offshore Gulf of Mexico crude production. 

We don’t know for sure but it is a pretty good bet that most of this volume of Eagle Ford production is in fact condensate that is shipped from LOOP to St. James, LA via the LOCAP pipeline where it is transferred to the Capline pipeline for shipment to the Chicago area. From Chicago, supplies of Eagle Ford condensate are then shipped to Western Canada on the Enbridge Southern Lights pipeline for use as diluent to be blended with heavy bitumen crude.

No WSJ links due to time constraints.