The Far Side: link here.
Active rigs: 41.
WTI:
Natural gas:
Wednesday, December 7, 2022: 17 for the month, 126 for the quarter, 670 for the year.
38894, conf, CLR, Bonney 9-3H,
38850, conf, Crescent Point, CPEUSC Fantuz 2-13-24-158N-100W-MBH,
38348, conf, Hunt, Smoky Butte 160-100-31-30H 5,
Tuesday, December 6, 2022: 14 for the month, 123 for the quarter, 667 for the year.
None.
RBN Energy: what's ahead for the recently reversed Capline crude oil pipeline? Archived.
It's been almost a year since the co-owners of the massive Capline crude oil pipeline initiated southbound service between Patoka, IL, and St. James, LA, on what for a half-century had been a northbound conduit. How’s it working out? So far, so good, it seems. As expected, for the first several months the volumes of heavy Canadian crude oil flowing down the 632-mile, 40-inch-diameter pipeline to the St. James hub were modest. Since June, however, Capline has been offering a temporary incentive rate to attract more heavy oil, and starting December 1 it’s also been offering a temporary buck-a-barrel rate for light oil too. In today’s RBN blog, we discuss the latest Capline developments, the challenges associated with batching heavy and light crude on such a big pipe, and the prospects for much higher flows.
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