Locator: 48521B.
WTI: $72.33.
Tuesday, September 3, 2024: 6 for the month; 136 for the quarter, 460 for the year
40490, conf, CLR, Roadrunner 4-15HSL,
Monday, September 2, 2024: 5 for the month; 135 for the quarter, 459 for the year
40478, conf, CLR, Clover 6-10H,
40459, conf, Slawson, SnakeEyes 7-30-29TFH,
37581, conf, BR, Croff 2A MBH,
Sunday, September 1, 2024: 2 for the month; 132 for the quarter, 456 for the year
40477, conf, CLR, Clover 5-10H,
40460, conf, Slawson, SnakeEyes 6-20-29H,
None.
RBN Energy: Gulf coast export terminals vie for NGL and crude oil market share.
Over the past decade, the only significant growth market for U.S. crude oil and NGLs has been exports, with over 90% departing from the Gulf Coast. Exports via Gulf of Mexico ports have surged from about 1 MMb/d in 2016 to over 6 MMb/d last year. Great news for PADD 3 export facilities, right? Well, it’s not that simple. The distribution of barrels has been wildly uneven, resulting in significant winners, forlorn losers, and everything in between. And export volumes are still ramping up, as is the competition among marine terminals for crude and NGL export market share, with far-reaching consequences for producers, midstreamers and exporters. This is one of the core themes at our upcoming NACON conference, which is all about PADD 3 North American Crude Oil & NGLs and scheduled for October 24 at the Royal Sonesta Hotel in Houston. In today’s RBN blog, we’ll delve into the highly competitive liquids export landscape, consider some of the important factors driving flows one way or the other, and — fair warning — slip in some subliminal advertising for the NACON event.
In observance of Labor Day, we’ve given our writers a break and are revisiting a recently published blog on crude oil and NGL exports from the U.S. Gulf Coast. If you didn’t read it then, this is your opportunity to see what you missed!
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