Tuesday -- March 31, 2015

Active rigs:

	3/31/2015	03/31/2014	03/31/2013	03/31/2012	03/31/2011
Active Rigs	96	194	188	206	168

RBN Energy: Infrastructure development in the Marcellus / Utica.

Natural gas liquids production in the Utica and “wet” Marcellus has taken off like a rocket, and all that ethane, propane, butane and natural gasoline needs to be either moved out of the region or consumed there. That presents a real operational challenge to midstream companies, mostly because the Upper Ohio River Valley offers very little of the NGL storage capacity that Mont Belvieu—the center of the NGL universe—has in spades. Storage is the mechanism that helps balance out supply and demand on any given day.  How can the nation’s fastest-growing NGL production play function without the luxury of significant NGL storage? Today, we continue our look at infrastructure development in the region.

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It's All About American Drivers

Update on crude oil storage "crisis": Reuters is reporting -- 

A month ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore.

Now, there are growing signs that the U.S. oil market can avoid the doomsday scenario in which it runs out of room to stockpile surplus crude, a development that oil traders worried would send crude prices into another tailspin.

I'm still looking for an all-time gasoline consumption record over the 3-day Memorial Day weekend here in the US.

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