Twelve Wells Coming Off Confidential List Over The Weekend -- October 4, 2024

Locator: 48484B.

Chart of the day:

US field production of crude oil, link here:

• record: 13,308 million bopd
• streak: last four months over 13,200 million bopd
• streak: six of last nine months over 13,200 bopd

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Back to the Bakken

WTI: $74.99. And more coming? This should cover generous payouts that have been promised the past two years. There have been concerns.

Sunday, October 6, 2024: 19 for the month; 19 for the quarter, 533 for the year
40308, conf, Phoenix Operating, Young 5-6-1-0H-LL
38206, conf, Petroshale, Bear Chase North 2TFH,
29658, conf, Grayson Mill, Moberg Federal 149-95-29-32-13HLW,

Saturday, October 5, 2024: 16 for the month; 16 for the quarter, 530 for the year
40276, conf, Phoenix Operating, Young 5-6-1 4H ,
40275, conf, Phoenix Operating, Young 5-6-1 3H,
40274, conf, Phoenix Operating,Young 5-6-1 2H,
40206, conf, Phoenix Operating, Young 5-6-1 1H,
37822, conf, Enerplus, Fennec 149-93-10B-15H,
17924, conf, Grayson Mill, Moberg 1-29H,

Friday, October 4, 2024: 10 for the month; 10 for the quarter, 524 for the year
40578, conf, Oasis, Iceman Federal 5601 34-04 5B,
40322, conf, Oasis, Iceman Federal 5601 34-04 4B,
38261, conf, Hess, BB-Olson-150-95-0817-5,

RBN Energy: CITGO refineries to be bought by Amber Energy seen as survivors in competitive market.

It now seems likely that Elliott Investment Management’s Amber Energy will acquire CITGO Petroleum for $7.3 billion in mid-2025, thereby ending a yearslong legal drama about the fate of CITGO’s three large U.S. refineries and related pipelines and terminal assets. So what exactly is Amber buying and how will the refineries in question fare in the increasingly competitive global market for refined fuels? In today’s RBN blog, we’ll summarize the long legal battle that led to Amber’s selection by a federal court’s “special master” as the preferred buyer, examine the assets to be acquired, and assess what’s ahead for CITGO’s refineries, which have a combined capacity of more than 800 Mb/d.

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Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.