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.
The latest North Dakota crude production estimates for July 2013 show a year on year increase of 200 Mb/d to a new record of 874 Mb/d. If you add Montana and South Dakota production (80 Mb/d) the Williston Basin is getting close to 1 MMb/d.
Florida Power and Light owner NextEra Energy is currently holding an open season on a new pipeline system to help supply their natural gas fired generating assets in Florida. If built, this system will be the third gas pipeline to supply Florida, which has no onshore production.
The saga of Western Canadian producers struggling to get increasing volumes of heavy crude to market in the US has not been pretty. In 2010 the rude interruption of surging Bakken crude output competing for space on pipelines built for Canadian crude contributed to a logjam in the Midwest.
With natural gas prices for CME NYMEX Henry Hub futures averaging $3.69/MMBtu so far this year, you might think that the internal rate of return (IRR) for dry natural gas wells in the Haynesville would be under water. But in fact, wells are still being drilled with IRRs in the low teens.&nb
The market for residual fuel oil is traditionally not attractive for refiners because prices are lower than for crude feedstocks. However, some of the world’s biggest oil traders profit from arbitrage between different fuel oil grades and locations.
Reversing the Rockies Express pipeline’s direction of flow would provide a huge outlet for natural gas producers in southwestern Pennsylvania, Ohio and West Virginia who are starting to see production constraints due to lack of take-away capacity.
Uinta crude producers and midstream operators are developing new routes to market for the distinctive black and yellow crudes that are hard to ship long distance because of their waxy composition. Rail transload terminals have recently been developed.
There has been a lot of market interest and investment in moving Canadian heavy crude from Alberta to the Gulf Coast by rail in the face of competing pipeline routes that will come online in the next two years.
NATGAS Permian is a weekly natural gas fundamentals analysis focusing entirely on the key market drivers within the Permian basin. The report contains details and forecasts around natural gas production, demand, pricing, and a summary of pipeline outflows and capacities from the Permian to neighboring regions.
Oil and gas shale production economics are creating an era of low cost energy in the US. But how do you decide if drilling one well is any more profitable than drilling another well next door or in a different basin?
West Texas Intermediate (WTI) crude prices reached $110.53/Bbl last Friday, their highest daily settlement since May 2011 - in response to expectations of a US military attack on Syria.
