RBN Energy On The Bakken -- January 18, 2024

Locator: 46574B.

OKE: announces hike in dividend. Bigger than usual; bigger than expected (?). Paying 5.5%. P/E 13.

Personal investing today: bought AMD. Still deciding for two other tickers but both will be in tech. Possibly CAT, DE or TSC. [Later: Oracle.]

Three big stories today:

• not on my bingo card today: RBN Energy, Bakken. See below.
• my favorite chart -- The WSJ
• TSM

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Back to the Bakken

WTI: $72.61,

Sunday, January 21, 2024: 41 for the month; 41 for the quarter, 41 for the year
39280, conf, Liberty Resources, CA C 158-93-21-23-2MBHX,
39279, conf, Liberty Resources, CA C 158-93-21-23-1MBHX,
39278, conf, Liberty Resources, NV C 158-93-16-14-20MBHX,
39277, conf, Liberty Resources, NV C 158-93-16-14-5MBHX,
30951, conf, Oasis, Bergem 5199 43-33 4B,
30915, conf, BR, Saddle Butte 14-9 TFH,

Saturday, January 20, 2024: 35 for the month; 35 for the quarter, 35 for the year
39946, conf,  Resonance Exploration, Resonance Lodoen 12-36H INJ,
30914, conf, BR, Curtis 14-9 MBH,

Friday, January 19, 2024: 33 for the month; 33 for the quarter, 33 for the year
None.

Thursday, January 18, 2024: 33 for the month; 33 for the quarter, 33 for the year
None.

RBN Energy: Bakken production growth will soon test infrastructure limitations. Archived.

In North Dakota’s Bakken production region, crude oil is king. The light, sweet crude produced there is attractive to buyers in the Midwest and Gulf Coast and is the primary driver of producer economics in the basin. And when the crude is produced, it comes along with a healthy dose of NGL-rich associated natural gas. But while those are valuable products in their own right, providing economic uplift when sold, it’s a double-edged sword. Natural gas and NGL volumes are increasing rapidly and will soon test the limits of takeaway capacity, with the potential to disrupt not only those commodities but also the crude production with which they’re associated. In today’s RBN blog, we discuss three potential limitations faced by Bakken producers: natural gas pipeline capacity, NGL pipeline capacity and, at the fulcrum of those two, the Btu heat content of the gas being piped out of the basin.