WTI Trading At $62 Overnight -- May 3, 2019

Z4 could have added: Brent is priced about $10/bbl more than WTI --

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Back to the Bakken

Only one well coming off the confidential list -- Friday, May 3, 2019: 8 wells for the month; 103 wells for the quarter

• 35008, SI/NC, Hess, CA-Ferguson Smith-155-95-3031H-7, Capa, no production data;

Active rigs:

$62.08	5/3/2019	05/03/2018	05/03/2017	05/03/2016	05/03/2015
Active Rigs	63	62	50	27	86

RBN Energy: crude oil and NGL export challenges at the port of Houston.

In terms of raw tonnage, the Port of Houston is by far the busiest in the United States. The 52-mile-long Houston Ship Channel (HSC) — running from just outside downtown Houston out to an area between Galveston Island and Bolivar Peninsula — is the artery that enables the heavy ship traffic, much of it tied to crude oil, LPG, petroleum products and other hydrocarbons. But in the same way that Houston’s Interstate 45 traffic backs up during the morning commute, the ship channel traffic, which normally runs at about 60% of peak levels, can be (and has been) subject to delays when there’s an accident, visibility problems, or a slow-moving double-wide taking up two lanes. With energy-related export activity on the rise, efforts are underway to address those issues. Today, we begin a series on the issues facing some Texas ports and the measures being taken to help alleviate them.