That $68 WTI Price? Not To Worry ... Look At The Midland / WTI Spread -- As Much As $15 -- RBN Energy -- July 17, 2018; 100% Of Bakken Wells Go To DUC Status

That $68 WTI Price? Not To Worry ... Look At The Midland / WTI Spread -- As Much As $15 -- RBN Energy -- July 17, 2018; 100% Of Bakken Wells Go To DUC Status - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title That $68 WTI Price? Not To Worry ... Look At The Midland / WTI Spread -- As Much As $15 -- RBN Energy -- July 17, 2018; 100% Of Bakken Wells Go To DUC Status, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : That $68 WTI Price? Not To Worry ... Look At The Midland / WTI Spread -- As Much As $15 -- RBN Energy -- July 17, 2018; 100% Of Bakken Wells Go To DUC Status
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That $68 WTI Price? Not To Worry ... Look At The Midland / WTI Spread -- As Much As $15 -- RBN Energy -- July 17, 2018; 100% Of Bakken Wells Go To DUC Status

Wells coming off confidential list today:
  • 33994, SI/NC, Hess, BB-Burk-151-95-1807H-8, Blue Buttes, no production data,
  • 33960, SI/NC, Crescent Point Energy, EPEUSC David 9-29-32-157N-99W TFH, Lone Tree Lake, no production data,
  • 24050, SI/NC, Petro-Hunt, State 154-94-31C-32-6H, Charlson, no production data,
Active rigs:

$67.67 7/17/2018 07/17/2017 07/17/2016 07/17/2015 07/17/2014
Active Rigs 69 59 29 73 196

RBN Energy: lotteries, shippers, and trends in Midland price differentials.
Since early this year, the Midland crude differential has continued to widen, trading one day last week at a discount of $15.75/bbl to West Texas Intermediate (WTI) at Cushing, the widest spread since August 2014 before settling back to $11.25/bbl on Monday.
The wide price differential is a result of fast-growing production in the Permian and bottlenecked takeaway pipelines. But the trajectory of this increasing price spread has been anything but smooth. Lately, we have seen a blip in the price differentials right around the 19th or the 20th of each month.
In each of the last three months, for a short-lived 24 to 48 hours, the Midland-Cushing price differential has narrowed by $2/bbl or more as Permian shippers have gone on feeding frenzies. Today, we look at these brief upticks in pricing and the pipeline and trader mechanics behind them.


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