Locator: 46343B.
WTI: $73.72.
Wednesday, December 20, 2023: 29 for the month; 178 for the quarter, 748 for the year
39698, conf, WPX, North John Elk 28-27HB,
39552, conf, Five States Operating, RH 1-8H,
39230, conf, Grayson Mill, Reidle 6-3F 2H,
39027, conf, Hess, GO-Golden-Valley-LW-157-96-2832H-1,
38257, conf, Hess, EN-State B-155-93-0916H-10,
Tuesday, December 19, 2023: 24 for the month; 173 for the quarter, 743 for the year
39697, conf, WPX, North John Elk 28-27HW,
38254, conf, Hess, EN-State B-155-93-0916H-7,
38114, conf, Formentera Operations, LFM1 22-34 161-93 BTF,
RBN Energy: Capline's volumes making strides two years after reversal, but headwinds remain.
We’ve reached the two-year anniversary of the reversal of the joint-venture Capline crude oil pipeline. With its current north-to-south flow, it adds to the few conduits that can move oil from the Midwest to the Gulf Coast, specifically the St. James, LA, oil hub. Flows have been on a steady climb since southbound service began in December 2021, but volumes appear to be short of its available capacity, and there are looming headwinds.
In today’s RBN blog, we examine whether Capline’s flows could be affected by the impending startup of the Canadian government-owned Trans Mountain Expansion Project (TMX). Could rising Alberta production be its golden ticket?
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