CLR Continues To Report New Doe Wells; Enerplus Reports Another Great Olson Well -- October 25, 2024

Locator: 48652B.

WTI: $71.12.

Friday, October 25, 2024: 49 for the month; 49 for the quarter, 563 for the year

• 40596, conf, CLR, Doe 5-23H,
• 40213, conf, Enerplus, Olson 146-97-3-10-3H,

Thursday, October 24, 2024: 47 for the month; 47 for the quarter, 561 for the year

• 40595, conf, CLR, Doe 4-23H,
• 40590, conf, Oasis, Truax State Federal 5398 43-9 2B,
• 40220, conf, Silver Hill Energy Operating, NM 158-92-1-19-2MBH,
• 38205, conf, Petroshale, Bear chase North 3MBH,

Permian crude getting lighter: losing favor with refiners. We talked about this before. Years ago. 

RBN Energy: the Midland crude oil hug, where Permian pricing and takeaway converge. Archived.

Midland, TX, is the epicenter of the Permian Basin. As the largest crude oil hub in the region, it boasts about 20 MMbbl of crude oil storage and extensive downstream connectivity, with the ability to deliver to local refineries, Wichita Falls, Cushing, Nederland, Houston and even Corpus Christi (albeit indirectly). It’s also where Midland WTI pricing is assessed, shaping much of the broader oil market in the region and even around the world. In today’s RBN blog, we discuss why Midland is the center of it all.