Morning Note -- October 2, 2018

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Title : Morning Note -- October 2, 2018
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Morning Note -- October 2, 2018

One well coming off confidential list today -- Tuesday, October 2, 2018
33450, conf, Equinor, Weisz 11-14 3H, Painted Woods, north of Williston, nice well;

Active rigs:

$75.34 10/2/2018 10/02/2017 10/02/2016 10/02/2015 10/02/2014
Active Rigs 63 57 33 68 190

RBN Energy: US shale exports find new pathways to China.
China exceeded Canada as the largest buyer of U.S. crude exports for the first time in February 2017 and in year-to-date 2018 has averaged 378 Mb/d versus Canada’s 347 Mb/d. Ramping up purchases from virtually nothing in 2015 to more than 500 Mb/d in June 2018 was no small feat — the logistics in getting that much oil across the world include multiple ship-to-ship transfers, several weeks at sea and a whole lot of negotiating between U.S. crude marketers and the major Chinese buyers: Unipec and PetroChina. That already complicated process has recently been made just a little more complicated by the escalating trade war rhetoric between the U.S. and China. In today’s blog, which launches our new Crude Voyager service, we explain how crude flows to China are evolving.



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