Most important business story not being reported: Boeing. The Boeing 737 MAX story is officially being followed here.
Just how big will the Permian be? I like to think I know the Bakken very well, but if you asked me the names of the crude oil gathering systems in the Bakken, I could not name very many. DAPL. Okay. That's one. Completely different with the Permian. See RNB Energy post today (below).
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Back to the Bakken
Wells coming off the confidential list today -- Tuesday, July 30, 2019: 46 for the month; 46 for the quarter;Back to the Bakken
- 34584, 806, Enerplus, Crocodile 151-94-17A-20H-TF, Antelope-Sanish, t1/19; cum 156K 5/19;
- 34583, 639, Enerplus, Alligator 151-94-17A-20H, Antelope-Sanish, t1/19; cum 152K 5/19;
- 32950, 166, BR, State Dodge 2A TFS, Dimmick Lake, t5/19; cum --;
Active rigs:
$57.54 | 7/30/2019 | 07/30/2018 | 07/30/2017 | 07/30/2016 | 07/30/2015 |
---|---|---|---|---|---|
Active Rigs | 59 | 63 | 61 | 35 | 73 |
RBN Energy: Brazos Midstream's crude oil gathering system in the Delaware Basin, part 13.
Crude oil gathering systems in the Permian and elsewhere are, by their very nature, evolving things. They increase in mileage and crude-carrying capacity as new wells are drilled and completed, and it’s not uncommon for smaller systems to be consolidated into larger ones. It’s also become typical for the ownership of these systems to change — sometimes year to year — as early investors cash in on what they’ve developed, and buyers see opportunities to rake in increasing revenue and take their newly acquired systems to the next level. Also, owners of neighboring systems sometimes form joint ventures that combine their assets, all to make their operations work better for their producer customers. Today, we continue our series on Permian gathering with a look at Brazos Midstream’s crude gathering system in the Delaware Basin, which has experienced considerable evolution.
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