Two Wells Coming Off Confidential List Today -- WTI Breaks $71 -- July 5, 2023

Locator: 45891B.  

Jets:

EVs: link here. Scorecard. 

Link here. Rivian:

• sales exceed forecast;
• Amazon-Rivian vans start rolling out in Europe

**************************
Trucks

Link here.

***************************
Back to the Bakken

WTI: $71.59.

Thursday, July 6, 2023: 51 for the month; 159 for the quarter, 414 for the year
36567, conf, WPX, Skunk Creek 13-18-17-16HU,

Wednesday, July 5, 2023: 50 for the month; 158 for the quarter, 413 for the year
39439, conf, Kraken, Orbit 24-13-12-2H,
36568, conf, WPX, Skunk Creek 13-18-16H3A,

RBN Energy: Corpus Christi Channel dredging is poised to boost oil export economics. 

A long-planned ship-channel deepening and widening project in Corpus Christi Bay is in its last innings and is about to start having a real impact. Later this summer, a 7-foot-deeper channel at Ingleside will enable terminals there to load additional barrels into VLCCs, assuming they’ve dredged their berths to match the deeper channel. Deepening the channel to 54 feet (from the old 47 feet) also will enable terminals that have deepened their berths to fully load 1-MMbbl Suezmaxes, up from the 800-850 Mbbl that can be loaded now. Crude oil export economics in South Texas will get another boost in late 2024 when the fourth and final portion of the $680 million dredging project is completed. In today’s RBN blog, we discuss the dredging project, its steady progress, and its impact on the “battle for barrels” among Corpus, the Houston area and a quartet of proposed offshore terminals.