Huge News For Louisiana -- It Simply Never Quits -- RBN Energy -- January 11, 2019

WTI/Brent: the string of unbroken advances continues.

Wells coming off the confidential list today -- Friday, January 11, 2018:

• 34648, SI/NC, WPX, Lead Woman 23-14HQ, Spotted Horn; could be a big well; see this post.
• 34647, 3,165, WPX, Lead Woman 23-14HA, Spotted Horn; t12/18; cum 25K over 28 days; frack data not available at NDIC yet;
• 33749, 1,521, Oasis, Crane Federal 5300 34-27 12B, 35 stages; 9.9 million lbs, small/medium/mesh, Willow Creek; t7/18; cum 110K 11/18;
• 31774, 5,058, Bruin, Fort Berthold 151-94-26B-35-15H, 4 sections, 55 stages; 14.4 million lbs, Antelope-Sanish; a staggering well; t7/18; cum 294K 11/18; 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	11-2018	19	23718	23701	16934	27753	15030	12602
SANISH	10-2018	31	62285	62233	55956	86428	56123	30017
SANISH	9-2018	30	50357	50881	55448	68944	53380	15111
SANISH	8-2018	31	96045	96183	70073	92539	72538	19688
SANISH	7-2018	22	61234	60338	83791	82493	16676	65537

Active rigs:

$52.59	1/11/2019	01/11/2018	01/11/2017	01/11/2016	01/11/2015
Active Rigs	66	54	36	55	167

RBN Energy: will crude soon be flowing south on Capline?

The possibility of reversing the flow on Capline — the U.S.’s largest northbound crude oil pipeline — has been discussed for a number of years now. Finally, it may be on the horizon. The three owners of Louisiana-to-Illinois pipeline announced last week that this month they plan to initiate a binding open season for a reversed Capline system that would enable southbound flows starting in the third quarter of 2020 — only a year and a half from now. And, as we discuss in today’s blog, reversing Capline’s direction could open up new crude-slate possibilities for Louisiana refineries and boost crude exports out of the Bayou State. Later: Capline will be reversed in September, 2020; link here.