Flashback: This Is From January 15, 2023 -- About Three Months Ago -- Re-Posting April 24, 2023

Locator: 44462B.

This story is in the news today now that the refinery has been up and running for about a month.

From January 15, 2023:

Disclaimer: All my posts are done quickly. There will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Long notes like these are particularly prone to having errors. If this is important to you, go to the source. I'm less interested in individual well production as I am in understanding the Bakken. 

Updates

January 23, 2023: see this note. 

Original Post 

Yesterday, I said there were two huge stories that broke on Friday, January 13, 2023. The first story was with regard to Apple and banking. The second story, below, is about XOM and its refinery expansion (technically, a new refinery).

From Beaumont Enterprise, an exclusive, September 4, 2022. Right on schedule. Only in Texas.

This is huge. Corroborates my thoughts about so much with regard to Canada, heavy oil, the Keystone XL, light oil, the Bakken, and the Permian.

From the linked article:

ExxonMobil will be bringing 40 to 60 new permanent jobs to the area when it's expansion opens in the first quarter of 2023. This is a $2 billion expansion.

The company's Beaumont Light Atmospheric Distillation Expansion, more commonly known as BLADE, is the United States' largest refinery expansion in a decade.

The expansion is set to increase the light crude refining capacity at the facility by more than 65%. According to the company, its Beaumont Refinery brought in 383,000 barrels per day in the second quarter of 2022. The BLADE project will bring in an extra 250,000 barrels a day.

"The Beaumont Refinery Expansion Project will expand light crude refining to bring greater supplies of transportation fuels to the market," the company said. "The expansion consists of adding a third crude unit within the Beaumont Refinery's existing Footprint -- increasing production of diesel fuel to help meet growing demand."

Refinery Manager Rozena Dendy said the expansion is like a mid-sized refinery all on its own.

The project will also be increasing ExxonMobil's U.S. Gulf Coast refining capacity by close to 17%.

Since construction began in 2019, ExxonMobil has hired 1,600 contractors onto its workforce.

Much more at the link.

I assume if construction began in 2019, thinking about the project began seven years earlier, perhaps as early as 2012. What was going on in 2012?

I figured the Keystone XL was dead as of 2012. Link here.