Liberty Resources Fracks Bakken Well With 16 Million Lbs -- July 3, 2019

Wells coming off the confidential list today -- Wednesday, July 3, 2019: 4 for the month; 4 for the quarter;

• 35371, 889, Liberty Resources, Patricia W 159-94-12-24-2MBHX,  North Tioga, t1/19; cum 94K 5/19; 40 stages; 16 million lbs sand (no typo); see graphic below;
  
• 35322, SI/NC, MRO, Eunice USA 11-16TFH, no production data,

Active rigs:

$57.04	7/3/2019	07/03/2018	07/03/2017	07/03/2016	07/03/2015
Active Rigs	59	66	57	30	76

RBN Energy: could all sides win in Pennsylvania's Laurel pipeline case?

For a few years now, Buckeye Partners’ plan to revise the current east-to-west refined products flow on its Laurel Pipeline across Pennsylvania has pitted Midwest refiners against their Philadelphia-area brethren — and gasoline and diesel marketers in western Pennsylvania. Each side has good arguments. Midwest refiners note that westbound volumes on Laurel have been declining through the 2010s, and assert that making the western part of the pipeline bidirectional would result in higher utilization of the line and enhance competition in central Pennsylvania, Maryland and eastern West Virginia. Pittsburgh-area marketers counter with the view that allowing refined products to flow east on a portion of Laurel would hurt competition in Pirates/Steelers/Penguins Country, while Philly refiners — their ranks now thinned by the planned closure of the fire-damaged Philadelphia Energy Solutions (PES) facility — say Buckeye’s plan would further threaten their economic viability. Amid all this, might there be a “perfect-world” solution? Today, we provide an update on this still-in-limbo project and discuss a few possible paths forward.

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Practically A Wildcat

The well (from above):

• 35371, 889, Liberty Resources, Patricia W 159-94-12-24-2MBHX,  North Tioga, t1/19; cum 94K 5/19; 40 stages; 16 million lbs sand (no typo);

The graphic: