Monday, February 23, 2026

Keystone XL -- Hope Springs Eternal -- Monday, February 23, 2026

Locator: 50032B.

Trump wins again: link here.  

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Back to the Bakken 

WTI: $66.89. Goldman Sachs hikes year-end oil price forecast by $6 / bbl. 

New wells reporting:

  • Tuesday, February 24, 2026: 47 for the month, 100 for the quarter, 100 for the year, 
    • 41819, conf, BR, Rolla 6E, 
    • 41332, conf, Hess, BW-Hagen-149-100-1522H-4,
    • 41047, conf, Hess, BL-Kvam-156-95-1720H-2, 
    • 40967, conf, XTO, HBU Sakakawea Federal 13X-35EXH, 
  • Monday, February 23, 2026: 43 for the month, 96 for the quarter, 96 for the year,
    • None.
  • Sunday, February 22, 2026: 43 for the month, 96 for the quarter, 96 for the year,
    • 41457, conf, Phoenix Operating, Daniel Ferrari 3-10-15-22-3H, 
    • 41455, conf, Phoenix Operating, Daniel Ferrari 3-10-15-22-5H, 
    • 41323, conf, Phoenix Operating, Daniel Ferrari 3-10-15-22 4H, 
  • Saturday, February 21, 2026: 40 for the month, 93 for the quarter, 93 for the year,
    • 41370, conf, Hess, EN-Hanson A-155-94-0607H-7, 

RBN Energy: Bridger Pipeline aims to create 550-Mb/d outlet for Canadian crude. Link here. Archived

Bridger Pipeline Expansion LLC — a wholly owned subsidiary of Bridger Pipeline LLC — has filed plans with the Montana Department of Environmental Quality (DEQ) for a 36-inch-diameter crude oil pipeline designed to move 550 Mb/d of Canadian production 645 miles from the U.S.-Canada border to the major Rockies crude hub at Guernsey, WY. The concept is straightforward but ambitious: move barrels south into U.S. markets by leveraging existing infrastructure, including what could amount to a revival of the long-dormant Keystone XL facilities in Alberta. In today’s RBN blog, we’ll dive into this plan. 

Here’s what we know so far. Bridger submitted a formal plan for the project to the Montana DEQ on January 28. The project includes plans for a new crude oil line (dashed yellow-and-black line in Figure 1 below) whose proposed route largely follows existing rights-of-way and aims to streamline permitting while preserving the optionality for Bakken interconnects in Montana. Guernsey is not the final stop but more of a switchyard, meaning that additional downstream links would be needed to shuttle crude onward to hubs such as Cushing, OK; Patoka, IL; and ultimately the Gulf Coast (more on that below).

Figure 1. Bridger Pipeline Expansion Project. Source: RBN