Locator: 49714B.
Ford: reverberations continue.
GM: keeps backtracking on an incredibly bad decision not to include CarPlay in their cars. Will now start offering iPhone car keys. Link here.
Jobs report: country adds jobs; unemployment rate clicks up, to 4.6%, four-year high. Jobs added in education and health services (which is a "negative" for the country and the taxpayer). Loss of jobs in manufacturing.
Oil: awash in oil around the globe.
EU: trashes regulation that would have banned on all ICEs. Link here.
It ain't over: Nvidia, Broadcom named top picks at BofA.
PJM: auction, pending. Link here.
IS-0NE:
********************************
Back to the Bakken
OKE in the Bakken: link here.
WTI: $55.62.
New wells reporting:
- Wednesday, December 17, 2025: 41 for the month, 164 for the quarter, 748 for the year,
- 41525, conf, Petro-Hunt, Torgerson 158-94-15C-10-2H,
- 41524, conf, Petro-Hunt, Torgerson 158-94-15C-10-1H,
- 41107, conf, Devon Energy, Helling 16-21 3H,
- 40964, conf, Devon Energy, Costanza 24-13 3TFH,
- Tuesday, December 16, 2025: 37 for the month, 160 for the quarter, 744 for the year,
- 41523, conf, Petro-Hunt, Lee 158-94-22B-27-3H,
- 41299, conf, Hess, BL-Kvam-156-95-1918H-5,
- 41108, conf, Devon Energy L And E 9-4 3H,
- 40963, conf, Devon Energy, Costanza 24-13 2H,
RBN Energy: Basin and Sunrise pipelines remain a key part of Plains' Permian operations. Link here. Archived.
The largest artery moving crude from the prolific Permian Basin to
Cushing, OK, is Plains All American’s Basin Pipeline, one of the first
long-haul pipelines out of Midland, TX. Basin gets help along the way
from the complementary Sunrise Pipeline, and together they are
responsible for moving large volumes from the Permian to Wichita Falls,
TX. From there, the Basin pipe moves barrels all the way to Cushing,
delivery point for the West Texas Intermediate (WTI) futures contract
and home to massive commercial storage. In today’s RBN blog, we’ll dig
into why Basin and Sunrise are so important to the Permian, Plains and
Cushing.
This
is our most recent in a series of blogs highlighting Permian outbound
long-haul crude oil pipelines. We’ve highlighted pipelines to Houston, Corpus Christi (Cactus I and II; Cactus III, formerly EPIC Crude; and Gray Oak) and Nederland (West Texas Gulf and Permian Express), including our recently published Drill Down Report.
In today’s blog, the first in a mini-series on pipes going to Cushing,
we’ll discuss the Basin and Sunrise pipelines. In an upcoming blog,
we’ll dive into Centurion, which also delivers to Cushing.
The
small town of Cushing occupies a central place in the U.S. crude oil
market thanks to its hundreds of storage tanks and numerous pipeline
connections, as shown in Figure 1 below. Cushing — the “Pipeline
Crossroads of the World” — is never far from our hearts and minds here
at RBN. A popular topic in the RBN blogosphere (see Give and Take,
among others), Cushing is connected to several inbound pipelines from
Western Canada, the Bakken, the Niobrara, the Permian and SCOOP/STACK,
and is also linked to outbound pipes that deliver to inland refineries,
Gulf Coast refineries and export terminals. The Oklahoma hub is also the
delivery point for the CME/NYMEX futures contract for WTI — one of the
most widely and actively traded physical commodity futures contracts in
the world and the benchmark underpinning most physical U.S. crude oil
purchase and sales contracts.
