- Amazon: $10 billion profit
- Chevron, EOG, GM, and Detla Airlines
- Chevron + Anadarko: would take first place; 400,000 boepd
- BP, Royal Dutch Shell, Equinor, Fieldwood
- XOM, BHP, combined Murphy and LLOG, Hess, Talos Energy
- sponsored by Anadarko, Chevron, EOG, and Occidental; link here.
Iran, sanctions: Asia's crude oil imports from Iran rise to 8-month high at 1.5 million bopd in March; Iran exports to Asia will continue even under new restrictions/sanctions.
LNG imports: Britain, setting new records; no signs of decreasing; link here.
Poland:
- yesterday this was reported -- Huge Russian pipeline shutdown: crude oil contaminated with organic chlorides; corrosive; damaging to pipelines, refiners. One million bopd from the Urals into eastern Europe (Poland, Germany, Hungary, Slovakia, and Czech Republic).
- update today: Poland releasing emergency oil stocks
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Back to the Bakken
Wells coming off the confidential list today -- Tuesday, April 30, 2019: 95 wells for the month; 95 wells for the quarter
- 34783, 1,098, Nine Point Energy, Missouri 152-103-4-2-1H, Eightmile, t11/18; cum 107K 3/19;
- 34405, 715, Lime Rock Resources III-A, L.P., Lamey 4-30-31H-143-96, Fayette, t10/18; bcum 43K 2/19;
- 33125, 1,896, Bruin E&P, Fort Berthold 147-94-1B-12-8H,McGregory Buttes, t11/18; cum 86K 2/19;
$64.28 | 4/30/2019 | 04/30/2018 | 04/30/2017 | 04/30/2016 | 04/30/2015 |
---|---|---|---|---|---|
Active Rigs | 64 | 61 | 49 | 29 | 86 |
RBN Energy: San Mateo Midstream's Delaware Basin gathering systems, part 3.
The run-up in Permian crude oil production over the past few years — and the expectation of continued gains — has been spurring the development of a number of crude gathering systems in the play’s Midland and Delaware basins. These small-diameter pipeline networks are critically important to producers and shippers in that they enable them to transport crude more quickly and cost-effectively than by truck, and (ideally) they connect to takeaway pipelines that flow to multiple destinations. But there is more than one approach to developing a gathering system. For example, a midstream company could plan a system that appeals to several producers in an area and then try to sign them up. Or, it might work closely with a single producer — sometimes an affiliated company — and design a gathering system to meet its specific needs, then work to add other producers and shippers later. Today, we look at the West Texas and southeastern New Mexico systems developed by a joint-venture company of Matador Resources and Five Point Energy to serve Matador and others.
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Any Landing From Which One Can Walk Away ...
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