WTI Plummets; Drops 4%; Trading Below $60 -- March 23, 2021

Two headlines over at  oilprice.com:

• Saudi Arabia sidelined by Biden's Middle East strategy; and,
• Russia says LNG production capacity could jump threefold by 2035.

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Back to the Bakken

Active rigs:

$59.11	3/23/2021	03/23/2020	03/23/2019	03/23/2018	03/23/2017
Active Rigs	15	49	69	60	49

Two wells coming off the confidential list -- Tuesday, March 23, 2021: 24 for the month, 80 for the quarter, 80 for the year. The CLR Gordon Federal wells are tracked here.

• 36056, 1,907/F/A, CLR, Gordon Federal 15-8H, 33-025-03679, Haystack Butte, first production, 11/20; t--; cum 100 1/21; 10.07 million lbs proppant; 37 stages; fifteen hours to drill the curve; three days to drill the lateral;
  
• 36055, 1,893/F/A, CLR, Gordon Federal 14-8H1, 33-025-03678, Haystack Butte, first production, 11/20; t--; cum 51K 1/21; 9.99 million lbs proppant; 37 stages; thirteen hours to build the curve; four days to drill the lateral; Three Forks B1 at 11,626' MD;
  

RBN Energy: crude oil export terminal projects itching to join battle for barrels, part 3. Archived.

The Moda Ingleside Energy Center (MIEC) in Corpus Christi, the Enterprise Hydrocarbons Terminal (EHT) in Houston, and the Louisiana Offshore Oil Port (LOOP) have been loading more crude oil than any of their Gulf Coast competitors over the last year. In fact, they accounted for nearly half of the total oil exported. As many of the crude exporters have learned the hard way, leading the pack today is no guarantee you’ll still be out front six, 12, or 24 months from now. Despite the global pandemic and the market disruptions it has caused, a number of new export terminals and expansions to existing terminals are still under development, and all of them hope to draw barrels from their rivals. Today, we conclude our series with a look at planned capacity additions to Gulf Coast export facilities.