Story of the day: NVDA.
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Back to the Bakken
Active rigs: 44.
Peter Zeihan newsletter.
WTI: $70.34.
Natural gas: $2.205.
Friday, March 24, 2023: 77 for the month: 239 for the quarter, 239 for the year
39198, conf, CLR, Boe State 7-16H,
39107, conf, Kraken, Rose 16-21 4H,
RBN Energy: Enbridge's heavy-and light-oil "supersystems" to Texas Gulf coast. Archived.
In small steps and giant leaps, Enbridge has been building out two “supersystems” for transporting crude oil to refineries and the company’s own export terminals along Texas’s Gulf Coast, one moving heavy crude all the way from Alberta’s oil sands to the Houston area and the other shuttling light oil from the Permian to Enbridge’s massive terminal in Ingleside on the north side of Corpus Christi Bay. There’s nothing quite like it — first, an unbroken series of pipelines from Western Canada to Enbridge’s tank farm in Cushing, OK, (via the Midwest) and from there to Freeport, TX, on the twin Seaway pipelines; and second, the Gray Oak and Cactus II pipes from West Texas to the U.S.’s #1 crude export terminal. And the midstream giant is far from done. New projects and expansions are in the works, as we discuss in today’s RBN blog.
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