Supply Outlook Diverges for Two Rockies Basins
East Daley recently revised our crude oil supply forecast in the Powder River and Denver-Julesburg basins based on diverging trends.
Crude
TRP Shareholders Approve South Bow Spinoff
Executive Summary: Rigs: The total US rig count decreased by 8 for the May 26 week, down to 563 from…
TRP Shareholders Approve South Bow Spinoff
TC Energy (TRP) shareholders voted in favor of spinning off the company’s Liquids Pipelines segment into South Bow Corp. South…
After Marathon Deal, Conoco has Bakken in Crosshairs
ConocoPhillips will acquire Marathon Oil for $17.1B. COP is evaluating cuts to the Bakken drilling program, creating downside for several…
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…
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…