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Monday, September 12, 2022

Six Wells Coming Off Confidential List Over The Weekend, Monday -- September 12, 2022

The Far Side: link here.

Active rigs: 53.

WTI: $87.30.

Natural gas: $8.085.

Tuesday, September 13, 2022: 21 for the month, 71 for the quarter, 410 for the year

  • 37694, conf, BR, Lone Beaver 2-1-17TFH,

Monday, September 12, 2022: 20 for the month, 70 for the quarter, 409 for the year

  • 37828, conf, BR, Saddle Jerome 44-9 TFH-ULW, North Fork,
  • 37367, conf, Petro-Hunt, Jorgenson 158-94-2B-11-3H, East Tioga,
  • 29781, conf, Zavanna, Galloway 18-30 1TFH, Stockyard Creek,

Sunday, September 11, 2022: 17 for the month, 67 for the quarter, 406 for the year

  • 37695, conf, BR, Lone Beaver 4-1-17MBH, North Fork,
  • 37368, conf, Petro-Hunt, Estby 159-94-35C-26-3H, East Tioga,
  • 35442, conf, Whiting, Lapica 34-23H, Alger, t--; cum 70K 7/22;

Saturday, September 10, 2022: 14 for the month, 64 for the quarter, 403 for the year

  • 38007, conf, Hess, CA-E Burdick-155-95-2932H-5, Capa, 54K 7/22;
  • 37369, conf, Petro-Hunt, Jorgenson 158-94-2B-11-2H, East Tioga, 

RBN Energy: big changes happening below the surface in US crude export markets

Massive shifts are occurring in the U.S. crude oil export market, but you wouldn’t know it from the steady-as-she-goes pace of activity. The volumes being loaded along the Gulf Coast have stayed within a relatively tight range — 2.5 MMb/d to 3.2 MMb/d — for 12 consecutive quarters now, and the export pace for each of the past three quarters has remained within a few thousand barrels of 3 MMb/d. So, what’s changed? For one thing, Corpus Christi is now by far the dominant point of export, with Houston, Louisiana, and Beaumont/Nederland trailing. Another is that Europe, heavily impacted by the sharp decline in imports from Russia, is now the leading destination for U.S. barrels. There are other changes, too, including increased use of Very Large Crude Carriers (VLCCs) and terminal expansion projects. 

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