Daily Energy Posts

U.S. oil and gas rig count was unchanged for the second consecutive week, holding at 588 for the week ending September 4 according to Baker Hughes data, as one-rig gains in the Permian and  Niobrara were matched by one-rig declines in Appalachia and the Gulf of Mexico.

In Western Canada the gas-directed rig count dropped by one to 62 rigs, while the oil-directed rig count fell by four to 139 rigs, for the week ended September 4, according to Baker Hughes data.

Keyera Corp. announced it was reducing its 2026 guidance for Marketing segment realized margin by CAD$40 MM, citing a two-week unexpected outage on Enbridge's Line 5 pipeline, and lower than expected utilization at its Alberta EnviroFuels facility (AEF) following its re-start this spring

Construction is underway at Blue Point One (#32 in map below), a low-carbon ammonia plant in Modeste, LA, billed by the joint venture’s partners — CF Industries (40%), JERA (35%) and Mitsui (25%) — as the world’s biggest of its kind. The plant will have an annual capacity of 1.4 million MT and is expected to begin production in 2029. 

As discussed in this week’s Crude Billboard, the EIA’s latest Weekly Petroleum Status Report (WPSR) shows how strong refinery demand and exports can quickly tighten U.S. crude balances, even as imports rise.

A counterseasonal draw pulled U.S. propane inventories lower as exports and product supplied increased, but stocks remained well above historical levels.