How The DAPL Affects One Bakken Producer -- November 8, 2017; Huge Refining Season In Store For US This Winter?

Take a look at these two posts again:

• DAPL effect
• Oasis earnings

In its earnings call today (per Don, thank you), Oasis says DAPL has saved $2/bbl in transportation costs.

Production: Oasis says it is producing around 72,000 boepd.

Savings that drop directly to the bottom line due to the DAPL (some numbers rounded):

• $2 / bbl * 72,000 boepd = $150,000 / day
• 30 days * $150,000/day = $4.5 million / month = $50 million / year

Disclaimer: the usual disclaimer applies. Most relevant -- I often make simple arithmetic errors.

The two-year Native American delay in completion of this pipeline could have cost Oasis as much as $100 million. And that's just the tip of the iceberg -- how much that meaningless protest cost.

***********************************

John Kemp May Be Unto Something Here -- Great Observation