Five Wells Coming Off The Confidentiial List Today -- August 21, 2019

Motiva Enterprises: link here -- keeping Corpus Christi great -- data points:

• Motiva will acquire a 100-percent ownership interest in the Flint Hills Resources Port Arthur, LLC, chemical plant
• the plant produces ethylene, cyclohexane, and polymer-grade propylene
• the acquired complex includes a 635,000 tonnes per annum mixed feedstock steam cracker
• this market the entry of Motiva into the petrochemical industry
• Motiva: fully owned affiliate of Saudi Refining, Inc; headquartered in Houston, TX; was previously a 50-50 joint venture between Shell Oil Company and Saudi Refining Inc
• updates posted frequently on the blog
• part of Prince Salman's plan (linked at the sidebar at the right)

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Back to the Bakken 

Wells coming off the confidential list today -- Wednesday, August 21, 2019: 59 for the month; 106 for the quarter:

• 35089, 1,010, Liberty Resources Management Company, LLC, NM 158-92-18-19-1MBH, Cottonwood, t3/19; cum 73K 6/19;
• 35043, drl, Hess, BB-Charlie Loomer-150-95-0718H-10, Blue Buttes,
• 34763, conf, MRO, Danner 14-36H, Killdeer,
• 34558, drl, XTO, Rough Federal 44X-23DXA, Haystack Butte,
• 26803, SI/NC, XTO, Cole 44X-32C, Siverston, no production data,

Active rigs:

$56.76	8/21/2019	08/21/2018	08/21/2017	08/21/2016	08/21/2015
Active Rigs	63	61	52	32	76

RBN Energy: midstreamers race to expand Midland Basin crude oil gathering systems.

Finally, after what seemed like a long period of crude oil pipeline takeaway constraints out of the Permian, significant new takeaway capacity is coming online this month. Just last week, Plains All American’s Cactus II pipeline from the Permian’s Midland Basin to the Corpus Christi area entered service. And on Monday, EPIC Midstream announced that it has begun interim crude service on its EPIC NGL Pipeline, which will move crude from the Permian’s Delaware and Midland basins — also to Corpus — until the company’s EPIC Crude Pipeline starts up in January 2020. With takeaway constraints alleviated, the focus on the crude-oil front now shifts to gathering system capacity, and it’s being added in spades. So much so that we’re writing two full Drill Down Reports (one on the Midland and one on the Delaware) to cover them in detail.  Today, we discuss highlights from the first of our new Drill Down Reports, which focuses on crude oil gathering systems in the fast-growing Midland Basin.

It’s a rare event to have two crude oil pipelines with a combined capacity of nearly 1 MMb/d — and serving the same general area — commence operation within a few days of each other. But that’s what’s been happening in August with the start-up of the 585-Mb/d Cactus II and the beginning of crude service on the 24-inch-diameter EPIC NGL Pipeline, which EPIC Midstream says will be able to move up to 400 Mb/d of oil to Corpus. Things will only get better on the Permian takeaway front soon after New Year’s Day, when the even larger (590-Mb/d) EPIC Crude Pipeline enters service and EPIC NGL transitions back to NGL service.