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Title : Four Wells Coming Off Confidential List Today; WTI Continues To Slide -- August 1, 2018
link : Four Wells Coming Off Confidential List Today; WTI Continues To Slide -- August 1, 2018

Four Wells Coming Off Confidential List Today; WTI Continues To Slide -- August 1, 2018

WTI: price continues to slide;  

Wells coming off confidential list today --
34484, conf, MRO, Yellowface USA 13-23H, Reunion Bay, FracFocus -- has not yet been fracked, no production data, (#19446)
34059, conf, BR, Rinkurtis 8-1-5UTFH-ULW, North Fork, FracFocus -- has not yet been fracked, no production data,
33394, conf, WPX, Hidatsa North 14-23C, Reunion Bay, FrackFocus -- has not yet been fracked, no production data,
33386, conf, Crescent Point Energy, CPEUSC Paopao 4-35--26-158N-100W, Dublin, no production data,

Active rigs:

$67.86↓↓	8/1/2018	08/01/2017	08/01/2016	08/01/2015	08/01/2014
Active Rigs	63	60	34	74	193

RBN Energy: new investors seek to fill Venezuela's Caribbean void as IMO 2020 looms. Coincidentally, most recent US-Venezuelan import data released today.

The Caribbean is strategically located at the crossroads of international trade routes between the Northern and Southern hemispheres, as well as the Atlantic and Pacific oceans. It has traditionally attracted oil trading, blending, and refining activity to meet the needs of local and international markets. Lately, the meltdown of Venezuelan national oil company Petróleos de Venezuela SA (PDVSA) — previously a dominant player in the region — has left refineries and storage terminals underutilized and starved of investment. U.S. Gulf Coast refineries have partially filled the gap by increasing product exports to the region, but an opportunity now exists for private investment to fill the refining and storage void left by PDVSA, and also to meet new demand for low-sulfur bunker fuel arising from stricter International Maritime Organization shipping regulations, which will come into effect in January 2020. Today, we review the impact of the PDVSA meltdown and new investment projects being pursued.

https://ift.tt/2dZyQXu

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