WTI Breaks Below $67 Despite Iranian Oil Coming Off Global Market -- October 30, 2018; Miexco Makes History: Takes First Shipment Of Bakken Oil

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Title : WTI Breaks Below $67 Despite Iranian Oil Coming Off Global Market -- October 30, 2018; Miexco Makes History: Takes First Shipment Of Bakken Oil
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WTI Breaks Below $67 Despite Iranian Oil Coming Off Global Market -- October 30, 2018; Miexco Makes History: Takes First Shipment Of Bakken Oil

Apple, Inc: to announce hardware updates this morning; 10:00 a.m. ET/9:00 a.m. CT -- from NYC

Earthquakes: British update later this morning; should be fun

Eagle Ford: link to EIA's dashboard will be added to the blog's featured links.

E15: I'm impressed voters are watching so closely.


COP: SeekingAlpha and COP shares.

Wells coming off confidential list today -- Tuesday, October 30, 2018:
34510, conf, MRO, Monteau USA 34-7H, Van Hook, no production data;
34346, conf, Nine Point Energy, Sigma Lee 155-103-14-23-6H, Squires, producing:
34321, conf, Nine Point Energy, Sigma Lee 155-103-14-23-7H, Squires, producing:
34227, conf, Kraken Operating, Redfield-Colfax LE 24-13 1TFH, Lone Tree Lake, a nice well:
34186, conf, Kraken Operating, Redfield East 24-13 2TFH, Lone Tree Lake, a very nice well:
34185, conf, Kraken Operating, Redfield East 24-13 3H, Lone Tree Lake, a very nice well:
34184, conf, Kraken Operating, Redfield East 24-13 4TFH, Lone Tree Lake, a nice well:
34183, conf, Kraken Operating Redfield East 24-13 5H, Oliver, a very nice, for Oliver:
34182, conf, Kraken Operating, Colfax 19-18 4H, Oliver, a very nice well, for Oliver;
34181, conf, Kraken Operating, Colfax 19-18 5TFH, Oliver, a very nice well, for Oliver:

Active rigs:

$66.58 10/30/2018 10/30/2017 10/30/2016 10/30/2015 10/30/2014
Active Rigs 67 52 34 70 190

RBN Energy: oil flows across the Gulf of Mexico no longer a one-way street.
Phillips 66 loaded its first Panamax tanker for export to Mexico over the weekend. Late on Sunday night, the SCF Prime signaled that it was headed for Pajaritos, Mexico, after loading at Phillips' terminal in Beaumont, TX.  Mexico is making history with this pivotal first purchase of Bakken crude from Phillips 66 at the U.S. Gulf Coast (USGC). Up until now, the crude oil trade between the U.S. and Mexico had been a one-way street, with oil moving from Mexico to the U.S. and not the other way around. But now, as Mexico’s state-run oil company Petróleos Mexicanos (Pemex) faces dwindling oil production and refinery outputs, importing light, sweet crude from the U.S. is a new avenue to revive Mexico’s refinery utilization. Today, we examine the new shift in the traditional flows of crude oil across the Gulf of Mexico.


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