RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Permian natural gas production has been at record highs this month as Hugh Brinson, Blackcomb and an expansion of Gulf Coast Express have increased capacity out of the region.
U.S. oil and gas rig count gained four rigs to 599 for the week ending September 25 according to Baker Hughes data, as gains in Anadarko (+1), Gulf of Mexico (+1), Permian (+1) and All Other (+2) eclipsed a one-rig decline in the Eagle Ford.
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In Western Canada the active gas-directed rig count was unchanged at 62 rigs, while the oil-directed rig count jumped by 11 to 143 rigs, for the week ended September 25, according to Baker Hughes data.
The Texas Railroad Commission (RRC) has approved the state’s first new carbon-capture project since it assumed primacy for Class VI injection wells in December 2025. ExxonMobil’s Rose CCS project southwest of Beaumont in Jefferson County was approved by a 2-1 vote of the RRC on September 16. The project’s three wells would permanently store about 4 million MT per year of carbon dioxide (CO2) over 13 years, or about 52 million MT overall.
The EIA reported a total U.S. propane/propylene inventory draw of 1.2 MMbbl for the week ended September 18, with essentially all of it out of PADD 3 and driven by rising reported exports.
Diesel cracks shifted into overdrive the last two weeks, leaving double-digit territory in the rearview mirror. As we discussed in our Crude Billboard for the week ended September 18, the diesel crack skyrocketed to a record high of $113.48/bbl on Wednesday, September 16.
The tanker bill keeps climbing for U.S. crude headed to Asia. As discussed in this week’s Tradeview and Crude Voyager reports, the cost of chartering a Very Large Crude Carrier (VLCC) from the U.S.
NATGAS Billboard is a daily, early morning email and report that provides an up-to-the-minute view of the natural gas market outlook, including storage injections/withdrawals and price. Billboard’s models incorporate pipeline flow data, weather models, electricity demand data and more.
Haynesville production fell sharply last week, reversing some momentum from the first half of September. Declines were spread across all areas in the basin and multiple pipelines.
In Western Canada the gas-directed rig count dropped by 2 to 62 rigs, while the oil-directed rig count fell by 7 to 132 rigs, for the week ended September 18, according to Baker Hughes data.
U.S. oil and gas rig count gained four rigs to 595 for the week ending September 18 according to Baker Hughes data, as gains in the Bakken (+3), Permian (+1) and All Other (+2) outweighed one-rig declines in Haynesville and the Niobrara.
