Bakken Takeaway is Tighter Than it Appears
The total US rig count decreased by 2 rigs W-o-W and liquids-driven basins saw no change at 489 rigs for…
Crude Oil Edge
Enbridge Plans Expansions to Solidify Lead in Corpus Christi Exports
Enbridge (ENB) is making moves to solidify its position as the leading midstream operator for Corpus Christi crude oil exports.
Houston Price Opens Up in 2024 as Permian Egress Tightens
The price spread from Midland to Magellan East Houston (MEH) is primed to gap out in 2024, according to flows…
Chord, Enerplus to Merge into Top Bakken Producer
Rigs: US rig activity declined sharply W-o-W due to a loss of 9 rigs in liquids-driven basins for the February…
Refiners Consider Switch to Renewable Diesel
Rigs: Week over week, rig activity in the US remained relatively stable. Infrastructure: Incentivized by government policies, including subsidies and…
Diamondback, Endeavor to Merge in $26B Deal Targeting Midland
US rig count up by 6 (Jan 28). Diamondback merges with Endeavor in $26B deal, consolidating Midland Basin. EDA expects…
TMX Raises Prices for Refiners, Canadian Producers
The total US rig count decreased by 6 rigs for the week ending January 21. The rig count now sits…
New Fields to Lift Gulf of Mexico Output in 2024
The total US rig count decreased by 2 rigs W-o-W, down to 600 from 602. The Eagle Ford is up…
Bakken Production Takes Hit in Winter Storm
North Dakota oil production fell by 412.5 Mb/d due to the Artic blast observed over the MLK weekend.
Permian Exits 2023 at Record Crude Production
The US rig count held steady W-o-W at 595 rigs. Liquids basins lost 1 rig over the December 31 week…