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Tuesday, December 26, 2023

WTI Surges — Mideast Turmoil — Boxing Day — December 26, 2023

Locator: 46393B.

IRS: record $4.9 trillion last fiscal year. Record attributed to more effective / efficient IRS.

Quick: Amazon Prime Chase — M/C or Visa? What’s in your wallet?

INTC: Israel. Record investment announced.

Seasonal flu: mixed report, but cases generally increasing. Nothing particularly alarming.

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Back to the Bakken

WTI: $74.96.

Tuesday, December 26, 2023: 41 for the month; 190 for the quarter, 760 for the year
39501, conf, Enerplus, Brown Bear 157-99-1-12-4H, 
39299, conf, Slawson, Minx Federal 1 SLH, 
38258, conf, Hess, EN-State B-LE-155-93-0916H-1, 

Monday, December 25, 2023: 38 for the month; 187 for the quarter, 757 for the year
39647, conf, Grayson Mill, Fleck 150-100-1-23-6H, 
30263, conf, Slawson, Bazooka 1 SLH, 

Sunday, December 24, 2023: 36 for the month; 185 for the quarter, 755 for the year
39500, conf, Enerplus, Brown Bear 157-99-1-12-3H, 
39290, conf, Hess, GO-Tong Trust A-157-96-2032H-4, 

Saturday, December 23, 2023: 34 for the month; 183 for the quarter, 753 for the year
39646, conf, Grayson Mill, Fleck 150-100-1-12-5H, 
39497, conf, Enerplus, Brown Bear 158-99-36-25-3H,

RBN Energy: growth in NGL production and exports drives buildout of NGL networks.

Since the start of the Shale Revolution 15 years ago, U.S. NGL production has increased by an extraordinary 260% to more than 6.5 MMb/d. And it’s not just NGL production that’s up sharply. So are exports of NGL purity products, especially LPG (propane and normal butane) and ethane. All that growth — and the growth that’s still to come — wouldn’t be possible without a seemingly non-stop expansion of NGL-related infrastructure. Everything from gas processing plants and NGL pipelines to salt-dome storage, fractionators and export docks. And much of that infrastructure is in the hands of just a few large midstream companies that over the years have developed “well-to-water” NGL networks that enable their owners to collect multiple fees along the NGL value chain.

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