Thursday, July 2, 2026

Last Trading Day Before Three-Day Weekend -- July 2, 2026

Locator: 51095B.

WTI: $67.85.

New wells reporting:

  • Friday, July 3, 2026: 2 for the month, 2 for the quarter, 355 for the year, 
    • None.
  • Thursday, July 2, 2026: 2 for the month, 2 for the quarter, 355 for the year, 
    • 41228, conf, Oasis, Roen 5202 41-24 2B, 

RBN Energy: more on Louisiana refineries and how they get their crude oil. Link here. Archived.

Louisiana refineries don’t pipe in all the crude oil they need from the Houston and Nederland, TX, areas or the U.S. Gulf, or ship it in from abroad. Some in northwestern Louisiana (and nearby southern Arkansas) depend on crude piped in from Longview, TX, and others get at least some of their oil from Capline, a large-diameter pipe that moves both heavy and light crude south from the hub in Patoka, IL. In today’s RBN blog, we continue our series on Louisiana’s refineries and the sourcing and delivery of their crude, this time focusing on the pipelines that move crude in from Longview and Patoka — and out from St. James, LA.

In Part 1, we said the 14 refineries in Louisiana and two just over the state line in Southern Arkansas account for almost one-fifth of total U.S. refining capacity and can consume more than 3 MMb/d of crude oil from a wide range of domestic and foreign production areas. We also noted that the sourcing of that crude has been shifting over the past few years, with the pace picking up as more U.S. Gulf production flows to Texas (and less flows to the Bayou State), new pipeline projects increase eastbound and southbound flows into Louisiana, and refineries modify their crude slates to optimize their economics.

Part 1 also divided the 16 refineries into three buckets — Southeastern Louisiana (eight refineries with a combined capacity of more than 2.1 MMb/d; pink-shaded rows in Figure 1 below), Southwestern Louisiana (three with 911 Mb/d; blue-shaded rows), and Northwestern Louisiana and Southern Arkansas (five with 176 Mb/d; green-shaded rows) — and pointed out that refineries in each of the buckets generally turn to many of the same sources for their crude oil and use pretty much the same means to deliver oil to their facilities.

For example, most of the crude oil used by refineries in Southeastern Louisiana is either piped in from the U.S. Gulf; piped in from onshore platforms to the southwest, northwest or north; or shipped in by tanker or barge. In contrast, two of the three refineries in Southwestern Louisiana get the vast majority of their oil via three pipelines out of southeastern Texas (Bayou Bridge, Sour Lake and Zydeco) and the other (Calcasieu Refining’s Lake Charles facility) depends almost entirely on waterborne deliveries. As for the refineries in Northwestern Louisiana and Southern Arkansas, they turn to a combination of piped-in, railed-in or trucked-in crude for virtually all of their needs. 

Part 1 also divided the 16 refineries into three buckets — Southeastern Louisiana (eight refineries with a combined capacity of more than 2.1 MMb/d; pink-shaded rows in Figure 1 below), Southwestern Louisiana (three with 911 Mb/d; blue-shaded rows), and Northwestern Louisiana and Southern Arkansas (five with 176 Mb/d; green-shaded rows) — and pointed out that refineries in each of the buckets generally turn to many of the same sources for their crude oil and use pretty much the same means to deliver oil to their facilities.

For example, most of the crude oil used by refineries in Southeastern Louisiana is either piped in from the U.S. Gulf; piped in from onshore platforms to the southwest, northwest or north; or shipped in by tanker or barge. In contrast, two of the three refineries in Southwestern Louisiana get the vast majority of their oil via three pipelines out of southeastern Texas (Bayou Bridge, Sour Lake and Zydeco) and the other (Calcasieu Refining’s Lake Charles facility) depends almost entirely on waterborne deliveries.As for the refineries in northwestern Louisiana and souther Arkansas and other (Calcasieu Refining's Lake Charles facility) depends almost entirely on waterborne deliveries. As for the refineries in northwester Louisiana and southern Arkansas, they turn to a combination of piped-in, railed-in, or trucked-in crude for virtually all of their needs. 

Electricity Rates By State -- EIA -- Posted -- April, 2026, Data -- July 2, 2026

Locator: 51094ELECTRICITY. 

 
Note: in a long note like this with a lot of numbers to review / post there are likely to be some errors. 

Link here

Residential

  • North Dakota comes in lowest at 12.35 cents / kWh
  • only two states with a "12-handle" -- the other one was Idaho

Commercial:

  • North Dakota the lowest at 7.05
  • Oklahoma at 7.77
  • the only two states with a "7-handle"
  • overall, states generally fell in one of two ranges:
  • those with 15 cents / kWh
  • those with 26 cents / kWh 

Industrial:

  • Iowa, lowest, at 6.26 cents / kWh
  • North Dakota at 8.21 cents / kWh along with a number of states with an "8-handle

All sectors:

  • North Dakota lowest at 8.42 cents / kWh
  • Iowa third at 8.76 cents / kWh 
  • Oklahoma at second at 8.59 kWh
  • only three states with a "8-handle" 

Some Miscellaneous Posts -- July 2, 2026

Locator: 51093ARCHIVES. 

For the record: the current issue of The New Yorker has several photos of full frontal nudity; similar to the more conservative photos in Playboy after 1970. 

It only took The New Yorker some 50 years to catch up with the old PlayboyThe New Yorker article is how much money folks can make on "OnlyFans." The photos are full page but no two-page spread / centerfold.

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Musical Interlude 

Link here

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Trump: 24/7. Biden: not so much.

Trump: will be on CNBC tonight at 5:00 p.m. The market will have closed earlier and will remain closed for three days. 

The following posted without comment: