Locator: 48772ARCHIVES.
WTI: $76.00. With regard to the Mideast war:
The President’s position amounts to maybe peace, maybe war, maybe nothing. In the meantime, Israel has already escalated, bombing Iranian nuclear sites Thursday, and Iran has fired back with drones and missiles following a deadly strike on an Israeli.
The two-weeks delay also gives his opposition a chance to organize. Tea leaves: Netanyahu is on his own. Sort of like Zelenskyy.
Active rigs: 30.
Five new permits, #42031 - #42035, inclusive:
- Operators: Slawson (4); WGO
- Fields: Big Bend (Mountrail); Wildcat (Golden Valley)
- Comments:
- WTO Resources has a permit for a Ueckert 1-8 well, NWSW 9-139-104,
- to be sited 2022 FSL and 358 FWL;
- Slawson has permit for four Rebel Federal wells, NWSE 29-152-91,
- to be sited 2058FSL and 1790 / 1990 FEL.
One permit canceled:
- 42002, Koda Resources, Hazy 3220-1BH, Divide County.
Nine producing wells (DUCs) reported as completed:
- 22663, 1,483, Enerplus, Morgan 149-93-29B-32H, Dunn County;
- 37877, 235, BR, Concord 1C, Dunn County;
- 40736, n/a, True Oil, Williston Basin State 24-36, McKenzie County;
- 40737, n/a, True Oil, Williston Basin State 32-36H, McKenzie County;
- 40976, 1,347, CLR, Entzel 4-14H, Dunn County;
- 40174, 2,248, Slawson, Cyclone 3-21-16H, McKenzie County;
- 40175, 2,192, Slawson, Cyclone 4-21-16H, McKenzie County;
- 41169, 1,247, CLR, Arley 7-18HSL, Williams County;
- 41172, 1,551, CLR, Helen 3-8H1, Williams County.
RBN Energy: EPIC crude pipeline, poised for growth. Archived.
The EPIC Crude Pipeline, which stretches from the prolific Permian Basin in West Texas to Corpus Christi, has operated above its original nameplate capacity for more than a year, with volumes rising in recent months.
Owner EPIC Midstream in April sold its NGL pipeline to Phillips 66 for $2.2 billion and its Olefins Pipeline to Howard Energy Partners in December 2024. In today’s RBN blog, we’ll discuss the EPIC Crude Pipeline and what might be ahead.
Let’s start with some history. EPIC Crude (light blue line in Figure 1 below) was initially supported by capital commitments from funds managed by private equity group Ares Management (45%), with additional equity from Noble Midstream Partners (30%), which was acquired by Chevron; Altus Midstream (15%), which acquired BCP Raptor to form Kinetik Holdings; and Diamondback Energy (10%). Following a series of transformative transactions, Diamondback and pure-play Permian midstream company Kinetik Holdings acquired the 30% equity interest in the EPIC Crude system that was owned by Chevron in September 2024.
With the deal, the companies now each own 27.5% of EPIC Crude in addition to raising their shipper commitments on the pipeline. Parent company EPIC Midstream Holdings continues to hold a 45% stake and remains the operator of the pipeline.
Figure 1. EPIC NGL and Crude Pipelines. Source: RBN
