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... Over the past decade, the only significant growth market for U.S. crude oil and NGLs has been exports, with over 90% ... news for PADD 3 export facilities, right? Well, it’s not that simple. The distribution of barrels has been wildly ... — from point of production to the destination market — can be optimized, significantly enhancing export economics. ...
Rusty Braziel - Published September 1, 2024
Housley Carr Earlier this month, the price discount for Western Canadian Select (WCS) versus WTI at Cushing blew ... more than $30/bbl — 2.5x what’s typical and a signal that something was seriously out of whack. Well, it turns out ... costs between key markets, many other factors can drive short-term swings in price spreads. For proof, look ...
Housley Carr - Published October 26, 2022
... started ... We’ve been at this prognostications business for 11 years now, and one of our long-standing traditions is ... how wild and unpredictable 2022 turned out to be. You can see how we did in our Prognostications Scorecard , which ... we had Year of the Goat — oil was certainly the goat that year. In 2016, it was Year of the Monkey — a lot of ...
Rusty Braziel - Published January 2, 2023
... storage inventories are sitting low, setting the stage for supply shortages and still higher prices this winter. But ... of takeaway capacity, and will head higher, which means that spare exit capacity for supply needing to leave the ... (Production), NGI (Cash Price) Now, well into 2021, we can say their pre-COVID capital discipline and ride-it-out ...
Sheetal Nasta - Published July 20, 2021
... exports to Europe expected to play an important role in that transition. And with global demand for LNG at an all-time high, it has put some important U.S. ... surging, questions remain about how much more LNG Europe can realistically handle. Warning — today’s RBN blog is ...
Jason Lindquist - Published April 21, 2022
... final rule December 28 granting it primary responsibility for the permitting, compliance and enforcement for those ... several steps (see graphic above), ending in final rule that approves (or denies) a state’s application. The final ... to speed the permitting process for Class VI wells, which can take years. The EPA’s Class VI Permit Tracker, which ...
Jason Lindquist - Published January 7, 2024
... to develop sequestration hubs and determine if they can achieve commercial viability. In today’s blog, we ... security, and in response to greatly improved prices for oil and gas, Canada’s producers and provincial ... for Canada and its oil and natural gas industry. In that discussion, we mentioned that Canada accounts for under ...
Martin King - Published October 24, 2022
... the all-important psychological threshold of 100 Bcf/d for the first time. Volumes have remained at record highs ... has been lately, and for much of this summer for that matter. In today’s blog, we look at how the ... Russia’s war on Ukraine and LNG export projects can’t get built fast enough. Prompt futures prices this ...
Sheetal Nasta - Published September 18, 2022
... power sector in the coming decades based on an expectation that the renewable capacity build-out will accelerate and ... have consistently and severely underestimated gas burn for power. In today’s RBN blog, we consider the pitfalls of ... Ukraine in early 2022 — unexpected market factors that can upend fuel economics in favor of natural gas. But ...
Sheetal Nasta - Published October 1, 2023
... to cleaner energy sources. With the understanding that a transition will take a long time and that the world ... look at the emergence of RSG as an important opportunity for oil and gas companies looking to be responsible ... in the most environmentally friendly way possible. It can play a key role in a world looking to responsibly ...
Jason Lindquist - Published March 2, 2022
... started ... We’ve been at this prognostications business for 11 years now, and one of our long-standing traditions is ... how wild and unpredictable 2022 turned out to be. You can see how we did in our Prognostications Scorecard , which ... we had Year of the Goat — oil was certainly the goat that year. In 2016, it was Year of the Monkey — a lot of ...
Rusty Braziel - Published January 15, 2023
... gas takeaway capacity out of the Permian — suggesting that takeaway constraints are not imminent — much of the ... the gas pipeline capacity from the Permian to California can be used for Permian takeaway, particularly during the off-season, ...
Housley Carr - Published July 16, 2017
... faraway storage facilities and fractionators — assuming, that is, that their natural gas processing plants are ... and 12 Bcf/d, respectively, by 2022. The growth outlook for Permian NGLs is similar. Nearly 800 Mb/d are being ... the way, again limiting the volume of Permian NGLs that can be transported on those pipes. Our analysis shows that of ...
Housley Carr - Published August 15, 2017
... Point , the northeastern corner of the Lower 48 relied for a half-century on a traditional mix of oil, coal and gas ... changes being planned, it’s important to point out that while New England was busily adding gas-fired generating ... terminal up in New Brunswick, from which regasified LNG can be piped down MNP into New England. As we said, many ...
Housley Carr - Published March 6, 2023
Jason Lindquist It’s no secret that the past several months have been challenging for the wind power industry, especially when it comes to ... the offshore industry is facing. The economic challenges can be broken down into three main categories: Inflation: The ...
Jason Lindquist - Published September 17, 2023
... same time, there is ample new pipeline capacity available for gas deliveries to Mexico from Texas, with more on the ... series with a look at production trends in Part 1 , namely that producers this year are emerging from the recent period ... along the Gulf Coast. So, all that production growth can only happen if there’s enough demand to absorb it, and ...
Sheetal Nasta - Published October 17, 2017
... investments. However, while the credits — available for a variety of projects and uses — have been around since ... impact. In today’s RBN blog, we look at how the credits can add up for individual projects and how widely variable ... designed wells deep underground with the aim of keeping that important greenhouse gas (GHG) permanently out of the ...
Jason Lindquist - Published January 17, 2022
Rick Smead The energy market has been in chaos for some time. Even before Russia’s horrific attack on ... challenges to the increased usage of renewables that remain unaddressed, and how the politics of ... policies and short-term politics. In this case, one can dream of phasing out oil as long as one wants, but when ...
Rick Smead - Published May 3, 2022
Jason Ferguson There is no doubt that the epicenter of U.S. associated natural gas production ... the Permian by 2022, with less than 1 Bcf/d of that needed for local demand. All of that incremental production will ... generation and demand from all other markets. Permian gas can be stockpiled within several small storage fields, mostly ...
... oil or soybean oil, and so it has a low carbon intensity. That means it is eligible for low-carbon fuel credits, like those available in ... identical to petroleum-based diesel. That means that it can be used as a direct “drop-in” substitute that is not ...
Rusty Braziel - Published February 21, 2022