Biden's short list: US senators Kamala Harris and Pocahontas. Kamala Harris, along with two other senators, including Bernie Sanders, has introduced a bill in the US Senate to give each US family $120,000 annually in the form of cash payments of $10,000/month.
Previously reported.
Poll: reminder -- the corona virus vaccine poll at the sidebar at the right. Now this news: AstraZeneca and Gilead in mega-deal merger talks.
Link here. Details regarding this poll
at this post.
Focus on fracking:
link here.
Futures: all major indices in the green. The Dow futures up 180 points at 6:31 a.m. CT.
- MRO: up 25%
- OXY: up 19%
- AAPL: down 0.32% -- after being up over $9.00 on Friday, AAPL is down about a buck in Monday morning futures;
Disclaimer: this is not an investment site. Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here.
Oil:
- Brent: $42.18
- OPEC basket: $36.83, link here.
- WTI: $39.39
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Back to the Bakken
Active rigs:
| $39.39 | 6/8/2020 | 06/08/2019 | 06/08/2018 | 06/08/2017 | 06/08/2016 |
|---|
| Active Rigs | 12 | 64 | 61 | 52 | 26 |
Ten wells coming off the confidential list today, over the weekend --
Monday, June 8, 2020: 31 for the month; 176 for the quarter, 403 for the year:
-
36238, drl/NC, Slawson, Periscope Federal 1SLH, Big Bend, no production data,
-
35188, drl/drl, XTO, Hoffmann 21X-6BXC, Siverston, no production data,
-
31791, drl/drl, Petro-Hunt, Phelps Trust 153-94-6B-2-3H, Charlson, no production data,
Sunday, June 7, 2020: 28 for the month; 173 for the quarter, 400 for the year:
-
36468, drl/NC, Slawson, Periscope Federal 3-10-11-12H, Big Bend, no production data,
-
36237, drl/NC, Slawson, Neptang 3-15-22H, Big Bend, no production data,
Saturday, June 6, 2020: 26 for the month; 171 for the quarter, 398 for the year:
-
36473, drl/NC, Slawson, Periscope Federal 9-10-7TFH, Big Bend, no production data,
-
36454, drl/drl, BR, Glacierfill 1A, Clear Creek, no production data,
-
36362, drl/drl, Slawson, Gunslinger Federal l1-12-1H, Sand Creek, no production data,
-
35748, SI/NC, Zavanna, Usher 28-21 2TFH, Poe, t--; um 78K in five months; see this post;
-
31790, drl/drl, Petro-Hunt, Phelps Trust 153-94-6B-2-2H, Charlson, no production data,
RBN Energy:
PEMEX and the future of US motor fuel and LPG exports to Mexico.
Mexican demand for motor gasoline and diesel has plummeted this
spring due to COVID-19 — so has demand for LPG. So far, Pemex — Mexico’s
state-owned energy company and by far the country’s largest supplier of
these commodities — has responded by slashing how much gasoline, diesel
and LPG it is importing from the U.S. and holding its own production
steady, despite the fact that Pemex’s refining margins are now deep in
negative territory. What does Pemex’s focus on money-losing refining
mean for U.S. exports to Mexico going forward? Today, we begin a short
series on the ongoing competition between U.S. refiners and Pemex for
market share south of the border.
The Shale Revolution, the opening up of Mexican energy markets and
troubles at Petróleos Mexicános (Pemex) combined to spur a booming new
business in Texas over the past five years or so: the export of large
volumes of gasoline, diesel and LPG to Mexico by rail, ship and
pipeline. As we said a couple of years ago,
falling production of refined product and propane at Pemex’s aging
refineries created a supply vacuum that U.S. refiners, marketers and
shippers were all too eager to fill. At the same time, the
liberalization of Mexican energy markets finally allowed players other
than Pemex to become involved in motor-fuel distribution and retailing.
In 2013, U.S. gasoline exports to Mexico averaged only 184 Mb/d,
according to the U.S. Energy Information Administration; by 2019, they
had risen by about 150%, to 472 Mb/d. The same holds true for diesel
exports, which rose from 115 Mb/d to 287 Mb/d over the same period. As
for LPG exports, they tripled, from 50 Mb/d in 2013 to 149 Mb/d last
year.
