Daily Energy Posts

The values of the crude-to-gas ratio and the Frac spread have fallen fifty percent from their highs this year.

Since the world is scheduled to end tomorrow – at least according to the Mayans, it seems appropriate that we examine another looming catastrophe: the obliteration of existing North America natural gas market relationships and flow patterns, coming in 2016.   The good news about the end

The Anadarko Basin centered in Oklahoma and the Texas Panhandle has not yet developed production on the scale of the Bakken, Eagle Ford or Permian plays. Like the Permian Basin the Anadarko is an old field being recycled using horizontal drilling and hydraulic fracturing techniques.

Early next year (2013) the first phase of the Longhorn Reversal project will be completed and an initial 75 Mb/d of crude oil will begin flowing from Crane in the Permian Basin to Houston.

On Friday (December 14, 2012) PBF Energy stock closed up at $27 two days after its initial IPO listing at $26. The company purchased 3 refineries with 0.5 MMb/d capacity during the past two years. PBF’s Midwest refinery has since profited handsomely from access to cheap US and Canadian crudes.

The second of two Department of Energy reports on the impact of LNG exports on the US economy was published last week by NERA. These reports focus on macroeconomic impacts that do little to guarantee the investment returns of the 15 projects awaiting approval.

No, this is not the Whoville located south of Mt.

Rapid change in the Gulf Coast crude supply picture is encouraging new infrastructure investment by crude and feedstock terminal companies anxious to capitalize from increased throughput volumes.

PBF Energy Inc is a private company that bought three US refineries with 0.5 MMb/d capacity in the past two years and now plans to go public. Two of the refineries are on the East Coast where many larger players have abandoned the refining business. The third is in the Midwest sweet spot.

The surging production of condensate, or ultra-light crude oil, from America’s new shale-oil plays presents an opportunity that’s only just beginning to be recognized by much of the hydrocarbon market.  Historically U.S.