Locator: 49955B.
Climate change / global warming: The Washington Post supports Trump's / EPA's decision. My hunch: Obama's fanaticism was going to significantly impact the fourth industrial revolution -- satellites and terrestrial large data centers.
North Dakota: doesn't often get mentioned by Liz Ann Sonders , link here --
Clickbait: but lots of information regarding US LNG. Link here. It's the usual suspects; the big story here is the dominance of US energy --
- ChatGPT: says it is Cheniere (LNG); and,
- Gemini: says this --
Without question, The Merchant was referring to Cheniere (LNG).
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Back to the Bakken
WTI: $65.34. Iran:
- once the Olympics are over;
- once the second a/c is in the region
New wells reporting:
- Friday, February 13, 2026: 20 for the month, 73 for the quarter, 73 for the year,
- 41353, conf, Hess, GO-Beck Living TR-156-98-2017H-2,
- Thursday, February 12, 2026: 19 for the month, 72 for the quarter, 72 for the year,
- None.
- Wednesday, February 11, 2026: 19 for the month, 72 for the quarter, 72 for the year,
- 41240, conf, Hunt, Clearwater 157-90-13-12H-2,
- 41239, conf, Hunt, Clearwater 157-90-13-12H-1,
- 41005, conf, Hunt, Palermo 156-90-2-31H-2,
RBN Energy: mom-and-pop shops remain the heart of the retail propane industry. Link here. Archived.
The retail propane market delivers about 9 billion gallons to U.S. consumers each year, with its heart anchored in the “mom-and-pop” retailers serving rural and small-town communities. These small, owner-operated businesses — the backbone of the market — know their customers, regions and their challenges, which is a key reason the propane industry is thriving and has avoided the sweeping consolidation seen in so many other sectors of the small-business economy. In today’s RBN blog, we’ll examine why the small-business model has been so durable and effective in retail propane, and why the industry has seen relatively little large-scale consolidation.
In the past few weeks, the retail propane market has navigated a challenging stretch and emerged remarkably well. Winter Storm Fern hit parts of the country with some of the toughest conditions in recent memory, as bitter cold drove high demand and snow and ice made transportation very difficult. Plus, there were freeze-offs and refinery issues cutting into supply. We can’t publish a propane blog so soon after the storm without acknowledging the industry’s strong performance under pressure. The industry deserves kudos for a job well done, but it’s not quite spring yet. There is still some winter left.
We’ve written a lot about the propane industry and its structure in recent months. In Part 1 of our propane series, we outlined the journey of propane from wellhead to burner tip and discussed the various segments of the domestic market, including industrial, petrochemical, commercial, residential and agricultural demand. The wholesale-to-retail value chain starts at processing plants and refineries (left column of Figure 1 below), where propane is extracted and often placed into underground storage. In Part 2, we detailed the role of wholesalers (middle column), the companies that sell propane to retailers by aggregating supplies, operating logistics networks, trading physical volumes, and other supply functions. Wholesalers help move propane through pipelines and railcars to retailers (right column), which range in size from small, owner-run operations serving a local market to companies with fleets of railcars and dozens of supply points. In Part 3, we outlined retailers’ roles and functions in the market.
Today, we take a deeper look at propane retailers and why even smaller and midsized operations have been able to thrive without the large-scale consolidation seen in many other markets. (All these topics and more are discussed in detail in our Propane Master Class Encore, which is now available online. Much more on what’s included in the class below.)
