Could WTI Hit $82 Today? One Well Coming Off Confidential List Today; Chart Of The Day And More -- January 12, 2022

Chart of the day: how incredibly wealth the US is. 

• check out North Dakota -- ND's GDP per capita is greater than every country in the world except Luxembourg; and,
• ND's GPD is #6 among the US states
  

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Back to the Bakken

Active rigs:

$81.62	1/12/2022	01/12/2021	01/12/2020	01/12/2019	01/12/2018
Active Rigs	32	10	55	67	56

Wednesday, January 12, 2022: 13 for the month, 13 for the quarter, 13 for the year

38323, conf, Petro-Hunt, Tomlinson 161-100-2A-11-2H, Alexandria,  up in the far northwest corner of North Dakota, in Divide County, a few miles east of Montana and a short drive to the Canadian border.

Date	Oil Runs	MCF Sold
11-2021	4330	2383
10-2021	175	76

RBN Energy: Gibson and USD open a new avenue for Alberta bitumen to the Gulf coast, part 2. Archived. Another workaround for the Keystone XL.

With Alberta’s bitumen production rising to record levels of late, finding more ways to export this molasses-like heavy oil has become more important than ever. In early 2020, Gibson Energy and US Development Group embarked on the construction of a diluent recovery unit in Hardisty, AB, to greatly reduce the need for diluent and retain more of it for reuse. With the unit’s commercial start-up at the end of 2021, another unique pathway for transporting Canadian bitumen to the U.S. Gulf Coast — and, possibly, overseas markets — has become a reality.

In today’s RBN blog, we provide an update on this venture and discuss where it might lead next.

The production of bitumen in Alberta’s vast oil sands continues to increase. Shipping all of that high-viscosity material requires blending with diluent, an extra-light hydrocarbon, with the resulting mix shipped in pipelines (usually referred to as dilbit) or transported in rail cars (called railbit).

With Alberta’s production of bitumen reaching a record high of just over 2 MMb/d in November 2021, demand for diluent simply keeps rising and there never seems to be enough of the stuff.

Coincidentally, a reader sent me this graphic after I posted the RBN link earlier this morning:

Pretty amazing, huh? More on this at this post.