- Pete Buttigieg, net worth, $100,000. Must live in a huge house with a huge mortgage
- Andrew Yang, net worth, $1 million. No wonder he wants a thousand-dollar check from the government every month.
- Bernie Sanders, net worth, $2.5 million. Three houses?
- Beto, net worth, $4 million -- and exactly how?
- Kamala Harris, net worth, $6 million, first one on the list that is believable.
- Joe Biden, net worth, $9 million -- worked for the government his whole life, but compound interest on savings bonds for someone in his 70's
- Tom Steyer, new worth, only $1.6 billion -- and begging for $1 donations
New loading option at Houston: story here. I think I posted something along this line yesterday bur not sure. Whatever. It's here now.
GE: nearing insolvency? Link here from Bloomberg. I assume this is the top story over at CNBC this morning.
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Back to the Bakken
By the way, the all-time North Dakota production record:
- was not trivial; a significant jump month-over-month;
- occurred despite Baker Hughes reporting only 47 active rigs (or thereabouts) -- down from 200 rigs during the boom when production was much, much less
- was predicted by Lynn Helms about six months ago
Wells coming off confidential list today -- Friday, August 16, 2019: 33 for the month; 80 for the quarter:
- 35350, SI/NC, Hess, RS-State D-155-92-0203H-4, Alger, no production data,
- 34765, SI/NC, MRO, Kinney 24-36TFH,
- 32466, SI/NC, BR, CCU Audubon 8-8-22MBH,
- 32399, SI/NC, Slawson, Atlantis Federal 2 SLH,
- 26639, SI/NC, XTO, Badlands Federal 21X-13E,
| $54.75 | 8/16/2019 | 08/16/2018 | 08/16/2017 | 08/16/2016 | 08/16/2015 |
|---|---|---|---|---|---|
| Active Rigs | 60 | 58 | 55 | 32 | 74 |
RBN Energy: owners commit to Capline reversal, Diamond expansion/extension.
Well, it’s finally going to happen!
Without major fanfare, Plains All American and Marathon Petroleum announced earlier this month that they have sanctioned the reversal of the 40-inch-diameter Capline crude oil pipeline, a move that will enable light crude to flow south on that pipe from the Memphis area to St. James, LA, starting late next year and light and heavy crude to do the same from Patoka, IL, by early 2022.
Also, Plains said it has committed to expanding the existing Diamond Pipeline between Cushing, OK, and Memphis, and extending that eastbound crude pipe from Memphis to a new interconnection with Capline. Light-crude service on the expanded, extended Diamond will commence in late 2020.
Today, we review the newly sanctioned projects and their significance to U.S. and Canadian producers, Louisiana refiners and Gulf Coast exporters.
Capline is the big story. Helps everyone north of Cushing (Bakken, PRB/Nio, tar sands). Don't sleep on this. It's hyooge!
ReplyDeleteYou are so correct. I was planning to come back to this later today but was overwhelmed with so much other stuff. Thank you for the reminder; I will get back to this one. But you are soooo correct.
DeleteI don't quite understand the Memphis south one... But the light and heavy from Potoka south makes perfect sense to me!! Little Potoka, IL is for sure a hub... They also have the option of putting it on a barge, and floating it down to LA...
DeleteYes, I have to come back to this. I did not understand everything in the article, but I've archived the article; the article will disappear behind a paywall in the next week or so. I plan to come back to this one. It's huge.
DeleteNow that I've gone back to the map, I understand "the Memphis extension."
DeleteSee the map at this post:
https://themilliondollarway.blogspot.com/2019/08/all-pipelines-lead-to-patoka-illinois.html