WTI Green Today -- Petro-Hunt's Burian Wells Coming Off Confidential List This Week -- June 10, 2024

Locator: 47991B.

WTI: green today! $76.39.

Tuesday, June 11, 2024: 60 for the month; 124 for the quarter, 323 for the year
39677, conf, Petro-Hunt, Burian 144-98-14A-23-3H,

Monday, June 10, 2024: 59 for the month; 123 for the quarter, 322 for the year
None.

Sunday, June 9, 2024: 59 for the month; 123 for the quarter, 322 for the year
39676, conf, Petro-Hunt, Burian 144-98-14B-23-2H,

Saturday, June 8, 2024: 58 for the month; 122 for the quarter, 321 for the year
38055, conf, Oasis, Wood Federal 5498 12-25 2BX, 

RBN Energy: Phillips 66, Trafigura continue pursuit of a deepwater port near Corpus Christi.

Bluewater Texas, proposed by a 50/50 joint venture (JV) of Phillips 66 (P66) and commodity trading giant Trafigura, is in a unique position in the race to construct a deepwater crude oil export facility along the U.S. Gulf Coast. Of the four marketed deepwater proposals, Bluewater is the only project in the export-centric Corpus Christi market. It is also the only one in the group that does not include an offshore platform in its scope. In today’s RBN blog, we will explore these and other differences that set Bluewater apart. 

Flashback: from late 2022 -- that's how long it's been since Driftwood has been mentioned.

If you’re thinking, “Hey, you skipped Part 3,” there’s a reason for that. That blog covered Tellurian’s controversial Driftwood LNG, which at the time had already begun construction despite not having secured full financing. Since then, Tellurian and Driftwood publicly suffered a major setback after losing two of the project’s three offtakers and rescinding a bond offering due to lack of interest. But Tellurian’s drama has more to do with its project structure than the wider LNG market environment, and other projects continue to see support and make progress toward FID, including the project we’re looking at today, Port Arthur, which in the past few months has leap-frogged several other projects in development and is closing in on FID in the next few months. 

Google search today: