Two Wells Coming Off The Confidential List; Data Not Yet Posted -- July 19, 2021

WTI: drops below $70.

• inflation? What inflation?
• reminder: Jim Cramer called the top in oil last week, WTI at $72

Ten-year treasury: 1.190%. Inexplicable.

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Back to the Bakken

Active rigs:

$69.44	7/19/2021	07/19/2020	07/19/2019	07/19/2018	07/19/2017
Active Rigs	23	11	55	68	59

Two wells coming off the confidential list:

Monday, July 19, 2021: 7 for the month, 7 for the quarter, 187 for the year:

• None.

Sunday, July 18, 2021: 7 for the month, 7 for the quarter, 187 for the year:

• 37479, conf, BR, F Jorgenson 1E TFH, Elidah, no production data; not reported at NDIC yet today;

Saturday, July 17, 2021: 6 for the month, 6 for the quarter, 186 for the year; not reported at NDIC yet today;

• 35560, conf, Liberty Resources, McGinnity E 159-95-31-30-20MBH, McGregor, producing,

RBN Energy: the St James crude oil hub readies for Capline-related changes, part 3. Archived.

In just a few months, heavy crude from Western Canada will start flowing south on the Capline pipeline from the Patoka, IL, hub to the one at St. James, LA. 

While the initial volumes will be modest, Capline’s long-awaited reversal will provide Louisiana refineries and export terminals with easier, lower-cost access to oil sands and other Alberta production. 

Flipping the pipeline’s direction of flow also means more changes for the St. James storage and distribution hub — one of the U.S.’s largest — which has already seen more than its share of evolution during the Shale Era. Today, we continue our Capline/St. James blog series with a look at St. James’s terminals and pipelines, the Louisiana refineries they supply, and the changes coming with the Capline reversal.