Taco Tuesday -- November 19, 2024

Locator: 44354B.

WTI: $69.12.

Wednesday, November 20, 2024: 27 for the month; 87 for the quarter, 602 for the year

• 40664, conf, CLR, Sandhill 6-24H,
• 40195, conf, Hess, EN-Cvancara A-LN-155-93-3231H-1,

Tuesday, November 19, 2024: 25 for the month; 85 for the quarter, 600 for the year

• 40674, conf, CLR, Carpenter 6-13H,
• 40103, conf, Enerplus, Devils Canyon 147-97-17-20-4H,

RBN Energy: how the forward cruve influences storage volumes at the critical Cushing oil hub.

The small town of Cushing, OK, occupies a central place in the U.S. crude oil market thanks to its hundreds of storage tanks and numerous pipeline connections. And while it might seem far removed from the factors that influence the global crude market, what happens elsewhere directly impacts the storage volumes at Cushing. In today’s RBN blog, we review the critical role that Cushing plays in crude oil storage, show how the forward curve can influence inventories, and look at what might be behind the recent uptick in storage levels, which followed a four-month slide.

The well of interest:

• 40103, conf, Enerplus, Devils Canyon 147-97-17-20-4H, Lone Butte, t5/24/ cum
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2024	30	19242	19345	20599	36515	36209	306
BAKKEN	8-2024	30	27093	27033	26684	45789	44976	813
BAKKEN	7-2024	25	13794	13800	14964	35894	34971	923
BAKKEN	6-2024	26	30690	30752	36896	53461	53361	100
BAKKEN	5-2024	14	24058	23732	34150	39818	38335	1483
BAKKEN	4-2024	0	0	0	0	0	0	0

This older well is off line while the newer Devils Canyon wells are completed:

• 19056, 825, Enerplus, Devils Canyon 17-1H, Lone Butte, t8/11; cum 348K 12/23; off line;