Two Wells Come Off Confidential List Today -- February 1, 2019

Wells coming off confidential list today -- Friday, February 1, 2019: 2 wells for the month; 104 wells for the quarter

• 35102, 135, Resonance Exploration, Resonance Lodoen 4-6H North, Sergis, target: the Madison, t9/18; cum 2K 12/18;
• 34458, drl, Hess, CA-E Burdick-155-95-2017H-6, Capa, no production data,

Active rigs:

$53.80	2/1/2019	02/01/2018	02/01/2017	02/01/2016	02/01/2015
Active Rigs	65	58	40	45	146

RBN Energy: part 2, pipe expansions, reversals remaking the St James crude hub.

Imagine a crude oil hub with all this: a central location near the Gulf Coast; pipeline, waterborne and rail access to a wide range of imported and domestic crude; tens of millions of barrels of storage capacity; direct connections by pipe to nearly a dozen major refineries; and the ability to load “neat” or blended barrels of oil onto Aframax-class vessels for export. You’ve conjured up the hub in Louisiana’s St. James Parish, which is fast-becoming an even more significant market player, with even broader access to U.S. and Canadian crude supplies and, very likely, direct outbound links to one or more export terminals capable of fully loading VLCCs.

Today, we continue our series on St. James with a look at its storage assets and at the pipes that flow into and out of the hub.