Each and every production region in the U.S. has its own unique geology, geography and hydrocarbon assets, but few, if any, are more unusual than the Uinta Basin in northeastern Utah. Physically isolated from all refining centers except Salt Lake City, the region boasts enormous reserves of waxy crude oil that’s been made accessible at a very low cost per barrel via horizontal drilling and hydraulic fracturing. While Uinta Basin crude looks, smells and feels like shoe polish, it has many characteristics that refiners want, including medium-to-high API gravity and very low sulfur, acid and metal content. There are two snags to expanding production, though: waxy crude poses major transport challenges, and Salt Lake City refineries can only use so much of the stuff. So if Uinta Basin producers want to increase production by much, they’ll need to develop cost-effective ways to move large volumes of their waxy crude to faraway markets like the Gulf and West coasts. Today, we continue a series on the prospects for expanding waxy-oil output with a review of Uinta Basin producers and their customers in the close-by “City of the Saints.”
To access the remainder of Do Ya Think I’m Waxy?, Part 2 - Uinta Basin Crude Producers and Nearby Refinery Customers you must be logged as a RBN Backstage Pass™ subscriber.
Full access to the RBN Energy blog archive which includes any posting more than 5 days old is available only to RBN Backstage Pass™ subscribers. In addition to blog archive access, RBN Backstage Pass™ resources include Drill-Down Reports, Spotlight Reports, Spotcheck Indicators, Market Fundamentals Webcasts, Get-Togethers and more. If you have already purchased a subscription, be sure you are logged in For additional help or information, contact us at firstname.lastname@example.org or 888-613-8874.