Preview Of The Bakken And Horizontal Drilling -- 1993 -- September 24, 2015

For the archives, this is a great paper. I will link it at several places in the blog. Hopefully it's never removed from the internet by those who posted it. A huge thanks to the reader who sent it this way.

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Why WTI Is Down -- Just One More Reason

Tweeting now: upcoming Basin pipeline closure adds to pressure on Light Houston Sweet crude oil. See story here. 

Plains All American Pipeline's Basin pipeline is expected to close in November, limiting the flow of crudes sourced in the Permian Basin and shipped to Cushing, Oklahoma, the delivery point for the NYMEX light crude futures contract. Those barrels will instead seek homes at US Gulf Coast refineries.

During the 10-day closure, a segment of the 450,000 b/d pipeline between Midland, Texas, and Colorado City, Texas, is expected to undergo hydro-testing, the company said in a notice.

As a result, more volumes of crude produced in West Texas are likely to be marketed through Magellan Midstream Partners' 275,000 b/d Longhorn Pipeline and the 300,000 b/d BridgeTex Pipeline systems, which both head toward Houston-area refineries.

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The Apple Page

The lines are back!