34721, conf, Oasis, Mildred Nelson 5298 12-25E 6B, Elidah, huge well; the Mildred Nelson wells are tracked here; one should take a look; incredible;
33963, conf, CLR, Hereford Federal 14-17H1, Elm Tree, Hereford Federal wells are tracked here;
Active rigs:
| $57.04 | 11/5/2019 | 11/05/2018 | 11/05/2017 | 11/05/2016 | 11/05/2015 |
|---|---|---|---|---|---|
| Active Rigs | 55 | 65 | 55 | 37 | 67 |
RBN Energy: PADD 1 distillate shortage threatens winter price spike. In context of the New York - New Jersey natural gas pipeline this new article is very interesting. Maybe worth archiving.
Refined product supply in Petroleum Administration for Defense District (PADD) 1, which comprises Atlantic Coast states from New England to Florida, has been in trouble all year. Maintenance issues beset refineries during the first quarter, and then in June, the region's largest refinery, a 355-Mb/d plant owned by Philadelphia Energy Solutions (PES), was shuttered after a fire. The loss of the PES output would've been manageable if imports had taken up the slack. But although gasoline imports increased, distillate shipments have actually been lower than normal since June. As a result, the PADD 1 distillate market has been drawing an average 163 Mb/d from inventory since mid-August, according to weekly Energy Information Administration (EIA) reports, leaving stocks in the region at a 10-year low. That storage deficit versus previous years will increase when the weather turns colder and heating oil demand kicks into high gear. With stocks at historical lows and market prices not attracting new supplies, the shortage may well foreshadow price spikes this winter. A potential strike by unionized workers at the Phillips 66 Bayway refinery in northern New Jersey could make matters worse. Today, we look at what's behind the PADD 1 distillate shortfall.
No comments:
Post a Comment