Four Wells Coming Off The Confidential List Today -- October 15, 2019

Active rigs:

$53.45	10/15/2019	10/15/2018	10/15/2017	10/15/2016	10/15/2015
Active Rigs	58	68	59	31	66

Four wells coming off the confidential list today -- Tuesday, October 15, 2019: 45 for the month; 45 for the quarter:

• 35949, SI/NC, XTO, Bronson 31X-14C, Temple, no production data,
• 35948, SI/NC, XTO Bronson 31X-14C, 
• 35685, 2,465, Whiting, Marlene 21-30HU, Juniper, t4/19; cum 91K 8/19;
• 35172, 556, Zavanna, George 19-30 6H, Stockyard Creek, t4/19; cum 114K 8/19;

RBN Energy: the latest twists and turns in US crude oil fundamentals.

U.S. crude oil fundamentals have shifted sharply in the past few weeks; some changes were fully anticipated, and others more exaggerated than originally expected. U.S. production has risen again to another record-setting high, while a massive decline in refining activity due to turnaround season — and a number of unanticipated short-term shutdowns — has erased a lot of domestic demand for crude. Meanwhile, export volumes out of a few key Gulf Coast terminals are hitting all-time marks. U.S. crude oil imports, affected by international disruptions and refining demand, have dropped like a stone and are nearing 20-year-plus lows. With School of Energy 2019 now in session, it’s a great time to recap what’s been happening over the past month. Today, we look at the summer-to-fall shift in fundamentals, and how it’s impacted overall inventories.