Three Wells Coming Off Confidential List Over Next Two Days -- October 2, 2024

Locator: 48459WTI.

Weekly EIA petroleum report:

• US crude oil in storage: 4% below historic norm; where it's been for months;
• refiners: holy mackerel -- not only below 90% but significantly below 90% following Hurricane Helene; sitting around 87% (87.6% to be exact);
• jet fuel supplied: up 1.3% y/y

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Back to the Bakken

WTI: $71.92.

Thursday, October 3, 2024: 7 for the month; 7 for the quarter, 521 for the year
40622, conf, Oasis, Iceman Federal 5601 34-05 2B,
40579, conf, Oasis, Iceman Federal 5601 34-05 3B,
37823, conf, Enerplus, Sly 149-93-10B-15H,

Wednesday, October 2, 2024: 4 for the month; 4 for the quarter, 518 for the year
None.

RBN Energy: wind, flooding, outages add to risks foronshore assets in hurricane season.

Storms that form in the Gulf of Mexico (GOM) during hurricane season don’t just dissipate once they make landfall and can inflict havoc on onshore assets. Storm damage and flooding can delay plant restarts, but so can power outages, as we saw when Hurricane Beryl hit the Texas/Louisiana region in July. And while there were no major refining or production assets in the path of Hurricane Helene, which slammed into the Florida Panhandle on September 26, widespread damage illustrated the potential risk to onshore infrastructure. In today’s RBN blog, we will examine how hurricanes have disrupted onshore assets and explain why power restoration is often the Achilles’ heel in plans to resume normal operations.