No Wells Coming Off Confidential List Today; WTI At $3 Premium To OPEC Basket; New LPG Export Terminal -- RBN Energy -- November 4, 2020

OPEC basket, link here: $35.89.

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Back to the Bakken

Active rigs:

$38.34	11/4/2020	11/04/2019	11/04/2018	11/04/2017	11/04/2016
Active Rigs	13	56	66	55	37

Operators with active rigs:

• MRO: 3
• CLR: 2
• WPX: 2
• BR: 2
• Hess: 1
• Oasis: 1
• Petro-Hunt: 1
• Midwest AgEnergy Group, LLC: CCS; not an oil and gas rig
  

No wells coming off confidential list today.

RBN Energy: another east coast LPG export terminal joins the fray. Archived.

Over the past 10 years, there’s been a 14-fold increase in U.S. LPG exports: from 132 Mb/d, on average, in 2010 to 1.85 MMb/d so far in 2020. That extraordinary growth in export volumes couldn’t have happened without the development of a lot of new, costly infrastructure — everything from gas processing plants, NGL pipelines, and fractionators to LPG storage capacity, marine terminals, and ocean-going gas carriers. 

And that build-out continues, not only along the Gulf Coast but on the shores of the Delaware River near Philadelphia. 

Energy Transfer has been working to expand the throughput of its Marcus Hook terminal on the Pennsylvania side of the river, and Delaware River Partners, an affiliate of Fortress Transportation & Infrastructure, will soon be transloading LPG from rail tank cars onto ships across the Delaware in New Jersey. 

Today, we discuss Delaware River Partners’ Gibbstown Logistics Center.

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LNG

From twitter earlier today.