In The News

Tuesday, 11/20/2018

November 12, 2018 – Reuters

North Dakota oil prices set to weaken further amid pipe, rail constraints

By Devika Krishna Kumar, Collin Eaton

NEW YORK/HOUSTON (Reuters) - Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said.

U.S. oil producers ramped up production in the nation’s third-largest oilpatch, boosting crude output to a record 1.3 million barrels per day (bpd) in...

Tuesday, 11/20/2018

November 10, 2018 – Wall Street Journal

Canada’s Crude Problem: Lots of Oil With Nowhere to Go

Trapped in the country, Canadian oil has never been cheaper compared with U.S. prices

By Stephanie Yang and Vipal Monga

Canada, the world’s fourth-largest producer of crude oil, missed out on a recent global recovery in energy prices, and is now taking it on the chin as prices fall.

Crude prices in Canada briefly dropped below $16 a barrel on Friday, after a U.S. federal judge blocked construction of a key...

Friday, 11/09/2018

November 8, 2018 – Natural Gas Intelligence

Severe ‘Takeaway Capacity Disorder’ Striking Permian, Says RBN Chief

By Carolyn Davis

The plethora of natural gas and oil supply clogging the Permian Basin has caused “severe cases of TCD, takeaway capacity disorder” that is going to take more than a few months to cure, according to RBN Energy LLC’s Rusty Braziel.

“For those of you not familiar with this affliction, it’s caused by too much of a good thing -- more production volume than pipeline capacity to get those barrels, or...

Friday, 11/09/2018

October 27, 2018 – Midland Reporter-Telegram

PBPA panelists say pipelines are just part of takeaway issues

By Mella McEwen

Filled-to-capacity pipelines that move Permian Basin crude, natural gas and natural gas liquids to the marketplace are just part of the region's takeaway capacity issues.

That was the message speakers at a panel discussion had for members of the Permian Basin Petroleum Association at its 56th annual meeting Thursday at the Petroleum Club.

Scott Potter, managing director of business development with RBN...

Friday, 11/09/2018

October 12, 2018 – Natural Gas Intelligence

Permian Operators Playing Whack-A-Mole as Pipeline, Labor Constraints Pop Up

By Carolyn Davis

Oil and natural gas pipeline constraints in the Permian Basin may be the headline story, but operators are playing “whack-a-mole” in the giant play, where once one issue is resolved, another immediately pops up, executives said Wednesday.

Devon Energy Corp.’s Kevin Lafferty, senior vice president (SVP), Legacy Reserves Inc. President Dan Wescott and Parsley Energy Inc. SVP Stephani Reed shared a panel...