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Title : Cushing Update -- RBN Energy -- December 20, 2018
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Cushing Update -- RBN Energy -- December 20, 2018

OPEC may fail to get the price correction it wants.

Wells coming off confidential list today -- Thursday, December 20, 2018:
34921, conf, Slawson, Whitmore 4-7-6H, Parshall, no production data, 
34206, conf, Hess, BB-Chapin-151-95-0506H-10, Blue Buttes, no production data,
33691, conf, Oasis, Lite 5393 41-11 12T, Sanish, a nice well:

Active rigs:

$46.50	12/20/2018	12/20/2017	12/20/2016	12/20/2015	12/20/2014
Active Rigs	68	51	41	64	182

RBN Energy: Cushing -- still the preeminent crude oil hub for the US. Archived.

The Cushing, OK, storage and trading hub plays critically important roles in both the physical and financial sides of the crude oil market. Located at a central point for receiving crude from a wide range of major production areas — Western Canada, the Bakken, the Rockies, SCOOP/STACK and the Permian among them — the hub also has numerous pipeline connections to Gulf Coast refineries and export docks, and to a large number of inland refineries. And, with Cushing’s 94 MMbbl of storage capacity and status as the delivery point for NYMEX futures contracts for West Texas Intermediate, the hub’s inventory levels and the WTI-at-Cushing price are closely watched market barometers.

But like a lot of other U.S. energy infrastructure in the Shale Era, Cushing’s place in the energy world has been in flux. Most importantly, Permian production has been surging, the ban on U.S. oil exports is a fading memory, and the Gulf Coast — not Cushing — is where most U.S. crude production wants to go.

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