Pages

Friday, January 11, 2019

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; 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH11-201819237182370116934277531503012602
SANISH10-201831622856223355956864285612330017
SANISH9-201830503575088155448689445338015111
SANISH8-201831960459618370073925397253819688
SANISH7-201822612346033883791824931667665537


Active rigs:

$52.591/11/201901/11/201801/11/201701/11/201601/11/2015
Active Rigs66543655167

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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.