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…
Crude Oil Edge
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…
DJ Basin Production Nears Previous Highs
East Daley expects Denver Julesberg Basin oil production to near pre-COVID highs in 1H24.
Shell Wins Big in GoM Lease Sale
The US rig count increased by 5 W-o-W with total rigs settling at 594. Liquids basins remained flat W-o-W with…
EIA Lowers Crude Forecast vs EDA in 2024
The EIA expects US crude oil production to average 13.11 MMb/d in 2024, up from 12.93 MMb/d in 2023. The…
Enbridge Line 5 Back in the Game
Michigan regulators have approved an application by Enbridge (ENB) to replace a segment of the Line 5 pipeline running under…