NACON 2024 Contact

a

NACON 2024 - PADD 3 - ENCORE

$450.00

Permian Crude Flows to The Gulf Coast Rebound to Highest Monthly Figure on Record

Crude oil flows from the Permian Basin to the U.S. Gulf Coast rebounded in May, reaching the highest monthly figure on record after two consecutive months of decline. May volumes rose by 250 Mb/d compared to the previous month, totaling 5.76 MMb/d.

Genesis-Operated CHOPS Oil Pipe Maintenance Underway, Last for Two Weeks

Genesis Energy has begun maintenance at its Cameron Highway Oil Pipeline System (CHOPS). Work started over the weekend and is expected to last through November 9.

DOE Seeks 3 MMbbl of Crude for Bryan Mound SPR Site for Delivery April-May 2025

The U.S Department of Energy (DOE) has issued a tender seeking 3 MMbbl of crude oil for its Bryan Mound, Texas, reserve site, for supply during April-May 2025. Bids are due by 11am CT on November 6.

LNG Canada Partners’ Gas Production Near Steady in September

RBN estimates that combined natural gas production of the equity partners in LNG Canada fell 0.04 Bcf/d to 2.02 Bcf/d in September (combined height of the rightmost colored bars in top chart below), 0.13 Bcf/d higher than a year ago, and is the sixth month this year in which output has been highe

European Natural Gas Arb to Henry Hub Blasts to $11.40/MMbtu, Highest Since Nov. 2023

The arbitrage between Dutch TTF (Title Transfer Facility, the European marker hub price) and Henry Hub reached its highest level in more than a year over the last few days. The price of natural gas at Henry Hub settled at $2.35/MMbtu on Tuesday while TTF posted 42.87/EUR/Mwh, which converts to $1

New Permian Crude Pipelines Appear Unlikely: NACON Panelists

Available oil capacity for transporting crude oil from the Permian Basin to the U.S. Gulf Coast is tightening but it seems unlikely that a new crude oil pipeline will be built, despite the rising demand.

October Ends With Weekly US Rig Count Unchanged

US oil and gas rig count was unchanged for the week ending October 25 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+1), while the Gulf of Mexico (-2) lost rigs. Total U.S. rig count is down four in the last 90 days, and down 40 from this week a year ago.

Canadian Drilling – Oil and Gas Rig Counts Remain Range Bound

For the week ending October 25, Baker Hughes reported that the Western Canadian gas-directed rig count rose two to 66 (blue line in left hand chart below), eight less than one year ago and holding very much in the 60s range where it has been since the start of July.

Website Upgrades