No Wells Being Reported Today; Update On Refineries Along Gulf Coast -- RBN Energy -- December 16, 2020

Active rigs:

$47.55	12/16/2020	12/16/2019	12/16/2018	12/16/2017	12/16/2016
Active Rigs	14	53	67	53	40

No new wells being reported today.

RBN Energy: Gulf coast refineries slashing their need for imported crude oil, part 4. Archived.

Back in 2005, marine terminals along the Gulf Coast were importing more than 6 MMb/d of crude oil, mostly to feed refineries within PADD 3 but also to pipe or barge north to PADD 2. By 2019, with U.S. shale production finishing up a decade-long rise, imports to the Gulf Coast had declined to less than 1.7 MMb/d. In COVID-impacted 2020, imports sagged, soared, then sagged again, recently settling in at about 1.2 MMb/d, their lowest level in — wait for it — 35 years! The 80% decline in Gulf Coast oil imports since the mid-2000s was made possible in part by big changes in the crude slates at refineries in Texas, Louisiana, and other PADD 3 states, mostly involving the swapping out of light sweet crude from overseas with favorably priced light sweet crude from the Permian and other U.S. shale plays. Today, we look at imports into PADD 3, the home of more than half of the U.S.’s total refining capacity.