Locator: 49987B.
Jessie Jackson: dead at 84 years of age.
Ten minutes with Jim Cramer: Jim Cramer was off again today. No interest in watching.
Second Take: Shae Cornette sure seems to take a lot of time off. She was MIA for one week shortly after getting her new gig at "First Take" -- during the NFL post-season!!! Now, today, Ms Cornette is absent again. Sitting in for her is another female. We're not yet in the NBA post-season but it's getting close, and that's what all the talk was about today on "First Take."
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Back to the Bakken
WTI: $62.79.
New wells reporting:
- Wednesday, February 18, 2026: 28 for the month, 81 for the quarter, 81 for the year,
- 41960, conf, Kraken, Charity 3-19-15 1H,
- 41500, conf, Enerplus, MHA Memphis 4894 41-34 3BU,
- Tuesday, February 17, 2026: 26 for the month, 79 for the quarter, 79 for the year,
- 41962, conf, Kraken, Charity 3-10-15 3H
- 41961, conf, Kraken, Charity 3-10-15 2H,
- 41878, conf, Petro-Hunt, State 159-92-36D-24-3H,
- Monday, February 16, 2026: 23 for the month, 76 for the quarter, 76 for the year,
- 41963, conf, Kraken, Charity 3-10-15 4H,
- Sunday, February 15, 2026: 22 for the month, 75 for the quarter, 75 for the year,
- 41333, conf, Hess, BW-Stoveland-LE-149-100-1003H-1,
- Saturday, February 14, 2026: 21 for the month, 74 for the quarter, 74 for the year,
- 41816, conf, BR, Rolla 6C,
RBN Energy: refiners could benefit from dramatic shifts across US markets. Link here. Archived.
The U.S. is facing a significant shift in regional refinery
prospects and refined product trade flows due to supply, demand and
regulatory trends. This is driving the development of significant new
pipelines headed west, paired with continued refinery shutdowns along
the West Coast and, to a lesser extent, a similar dynamic from the
Midcontinent to the East Coast. At the same time, refined product
exports are becoming ever more important to Gulf Coast refiners, and a
variety of global developments will play a major role in their ability
to grow those volumes. All these factors have the U.S. refining industry
poised to move into a new era shaped by consolidation, efficiency and
market power. In today’s RBN blog, we’ll discuss the major changes
reshaping the U.S. refining industry.
Let’s
start by emphasizing that there is an upheaval happening across the
U.S. — this isn’t your father’s (or even older brother’s) refining
industry anymore. Key elements of refining, from the types of crude to
the mix of end products to the distances they are being piped (or
shipped) to market are changing, dramatically in some cases. But this is
more than just logistics. New projects are redrawing the map and
altering how large parts of the country — the West Coast, East Coast,
and even the middle parts in between — are supplied.
Our
focus in this blog is on midstream developments, but projects within
the refineries themselves will also be important and discussed in more
detail in a future piece. Here are the major projects taking shape in
the months and years ahead, each of them discussed in detail in the newly available edition of the biannual Future of Fuels report by RBN's Refined Fuels Analytics practice.
Just two years to the month since its acquisition of refined-products-pipeline giant Magellan Midstream Partners, ONEOK announced in September that it intends to build the Sun Belt Connector.
The 24-inch-diameter greenfield pipeline would run from El Paso, TX, to
the Phoenix area (dashed orange line in Figure 1 below) and connect to
the company’s existing refined products pipeline system, allowing
refined products to flow west to Arizona markets from refineries in
Texas and Oklahoma. The line is designed with an initial capacity of 200
Mb/d targeted for a mid-2029 startup. This would deepen Phoenix’s
structural links to the Gulf Coast and Midcon supply via ONEOK’s
existing refined products pipelines (blue lines).
