Weekly US Crude Oil Inventories Down 3 Million Bbls; Hess Reports A Nice Well -- June 19, 2019

Graphic of the day: it's getting more and more difficult to sort out parent-child wells. Example:

Suitable for framing: I plan to print that, enlarge it to an 8x10, and hang it up in my living room. 

EIA weekly petroleum report: released.

• weekly crude oil change: decreased by 3.1 million bbls
• WTI: down 45 cents
• weekly crude oil inventories: 482.4 million bbls; 7% above the 5-year average
• refineries operating at capacity: 93.9% (trending up; this is about where this metric should be. Finally.)
• imports: down by 144,000 bopd; crude oil imports are down about 8% for the past four weeks compared to same period last year
• jet fuel: up over 5% compared with same four-week period last year

********************************************

Back To The Bakken

Wells coming off the confidential list today -- Wednesday, June 19, 2019: 66 for the month; 255 for the quarter;

• 35184, 3,646, Hess, EN-Sorenson A-154-94-0211H-8, Alkali Creek, t4/19; cum 5K over 5 days;
• 34960, SI/NC, WPX, Lion 18-19HEL,Mandaree, no production data,

Active rigs:

$53.61	6/19/2019	06/19/2018	06/19/2017	06/19/2016	06/19/2015
Active Rigs	62	61	56	28	77

RBN Energy: Marathon Petroleum / Andeavor Logistics' Permian crude gathering system, part 9.

Most crude oil gathering systems in the Permian — and elsewhere — have a relatively simple aim: to reliably and efficiently deliver crude from the lease to larger pipelines downstream that provide their shippers a high degree of destination optionality — end of story. A select few systems, though, have evolved into key elements of their owners’ larger value chain. With these, crude flows through gathering systems and takeaway pipes to export terminals — maybe even refineries — all held by the same company or its affiliates. By integrating assets from the site of crude production to the refinery or export dock, such owners add value each step of the way. Today, we continue our series with a look at Marathon Petroleum/Andeavor Logistics’ Permian crude gathering system, which started out relatively small and isolated but has evolved into something much bigger and better connected.