Friday, November 17, 2023

Back To The Bakken -- November 17, 2023

Locator: 46080B.

Bakken gas update: ONEOK.

Production by play: link here.

Cushing: despite low Cushing stocks, we’ve slipped into a  contango situation.

Saudi: trying to maintain price.

US LNG exports hit new record: link here.

WTI: $73.85.

Sunday, November 19, 2023: 125 for the month; 125 for the quarter, 695 for the year
39777, conf, CLR, North Tarentaise Federal 7-18H1, tracked here.

Saturday, November 18, 2023: 124 for the month; 124 for the quarter, 694 for the year
39778, conf, CLR, North Tarentaise Federal 8-18HSL,
39079, conf, Hess, RS-State D-155-92-0203H-8,
23676, conf, EMEP Operating, Charles Davis 1-4-9H-142-94,

Friday, November 17, 2023: 121 for the month; 121 for the quarter, 691 for the year
39837, conf, CLR, North Tarentaise Federal 9-18HSL2,

RBN Energy: renewable naphtha likely to play increasing role in decarbonization efforts.

The push to decarbonize frequently focuses on the transportation sector, which is responsible for the largest share of global greenhouse gas (GHG) emissions. That has led to increased blending of ethanol into gasoline and the development of several alternative fuels, most notably renewable diesel (RD) and sustainable aviation fuel (SAF). But as production of those two fuels accelerates, an often-overlooked byproduct of their creation is beginning to attract more attention: renewable naphtha. In today’s RBN blog, we explain the similarities and differences between traditional naphtha and renewable naphtha, look at how renewable naphtha is produced, and show how it can be used to help refiners, petrochemical companies and hydrogen producers meet their sustainability goals and reduce the carbon intensity (CI) of their products.

Let’s start with the basics. Traditional naphtha is derived from the distillation of crude oil or from the separation of NGLs in a fractionation plant. (The heaviest cut produced from NGL fractionation is typically referred to as natural gasoline and is very similar to the light naphtha produced from crude oil at refineries.) It is most often used in gasoline blending and as a petrochemical feedstock in the production of plastics. On the refinery side of things, naphtha can be directly blended into gasoline, although it typically has low octane and, in the case of light naphtha, high vapor pressure, which limits the amount that can be blended directly into gasoline. Still, light naphtha and heavy naphtha can be sent to a refinery’s isomerization or naphtha reforming units before blending to boost octane, increasing its value as a gasoline blendstock. On the petchem side, it can be used as a feedstock in steam crackers to make ethylene and, ultimately, plastics. Light naphtha has high paraffin levels, which is preferred because it provides better yields than other options; it has varying degrees of sulfur and other impurities. (Naphtha competes with propane and butane as a petrochemical feedstock.)

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