Active Rigs In North Dakota Jump To 15; Hess Adds A Rig -- February 3, 2021

Get Up!

• WTI: up 1%; up 57 cents; now trading at $55.33;
• 10-Year Treasury: link here. 
• DXY: link here.
  
• Silver: link  here. 
• CBOE volatility index: link here.

Apple:

• to invest $3.6 billion in Kia Motors;
• hires former Porsche chassis vice president for car project;
• US senators urge White House action on auto chip shortage;

Mideast:

• Kuwait in deep doo-doo; has run out of cash;

Covid-19:

• How the EU tripped; why is this not surprising?

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Back to the Bakken

Active rigs:

$55.33	2/3/2021	02/03/2020	02/03/2019	02/03/2018	02/03/2017
Active Rigs	15	54	64	58	40

Rigs by operator:

• MRO: 4
• CLR: 2
• Hess: 2
  
• WPX: 1
• Slawson: 1
• Whiting: 1
• Petro-Hunt: 1
• Oasis: 1
• Ovintiv: 1
• BR: 1

Hess, drilling:

• EN-Joyce-LE
• CA-Russell Smith

No wells coming off the confidential list today.

RBN Energy:Canadian refiners grappling with morphing market realities, part 1.

Canada may be the land of backyard hockey, lacrosse, and loonies, but Canadians have many similarities to folks in the U.S. The same holds true for Canada’s refining sector, which like its American counterpart has been adjusting to big changes in domestic crude oil production, a declining need for imported oil, and, most recently, a period of severe refined-product demand destruction caused by the pandemic. 

What Canadian refiners lack, though, is the attention they deserve. After all, nearly 2 MMb/d of crude oil flows through their 17 refineries. And, by the way, they now turn to U.S. producers for virtually all their oil imports — a far cry from where things stood before the Shale Era. Today, we kick off a three-part series that examines Canada’s refining sector in greater detail.