Supply Outlook Diverges for Two Rockies Basins
Executive Summary: Rigs: The total US rig count increased by 2 rigs for the May 19 week, up from 570…
Crude
Conoco to Acquire Marathon for $17.B, Eyes Bakken Cuts
Executive Summary: Rigs: The total US rig count decreased by 6 rigs for the May 12 week, down to 562…
Start of TMX Raises the Ante for a Sour Barrel
The Trans Mountain expansion started May 1 from Western Canada. Producers are optimistic the project will elevate Western Canadian Select…
Lost Canadian Barrels Move the St. James Market
Summary: Rigs – The total US rig count decreased by 5 rigs for the May 5 week, down to 572…
M&A Exerts a Gravity on Permian Rig Counts
E&P mergers continue to drag rig counts lower in the Permian Basin, down in April ’23 from recent highs despite…
Gas Constraints Could Limit Bakken Oil Growth
Gas pipelines out of the Williston Basin are filling up, to the point where growth in crude oil production could…
TMX Expansion Starts, Raising the Ante for a Sour Barrel
Executive Summary: Rigs: The total US rig count decreased by 7 rigs for the April 28 week, down to 574…
Pipeline Work Will Block a Main Permian Artery
Executive Summary: Rigs: The total US rig count increased by 2 rigs W-o-W, up to 582 for the April 21…
Pipeline Work Will Disrupt Permian Crude Flows
Maintenance work on the Wink-to-Webster and Midland-to-Echo III pipelines will disrupt crude flows out of the Permian Basin in June.
Gas Constraints May Limit Bakken Production Growth
Executive Summary: Rigs: The total US rig count increased by 2 rigs W-o-W, up to 581 from 579. Infrastructure: Crude…