Huge News For Louisiana -- It Simply Never Quits -- RBN Energy -- January 11, 2019

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Title : Huge News For Louisiana -- It Simply Never Quits -- RBN Energy -- January 11, 2019
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Huge News For Louisiana -- It Simply Never Quits -- RBN Energy -- January 11, 2019

WTI/Brent: the string of unbroken advances continues.

Wells coming off the confidential list today -- Friday, January 11, 2018:
34648, conf, WPX, Lead Woman 23-14HQ, Spotted Horn; could be a big well; see this post.
34647, conf, WPX, Lead Woman 23-14HA, Spotted Horn; looks like a big well;
33749, conf, Oasis, Crane Federal 5300 34-27 12B, Willow Creek; a huge well;
31774, conf, Bruin, Fort Berthold 151-94-26B-35-15H, Antelope-Sanish; a staggering well;

Active rigs:

$52.59 1/11/2019 01/11/2018 01/11/2017 01/11/2016 01/11/2015
Active Rigs 66 54 36 55 167

RBN Energy: will crude soon be flowing south on Capline?
The possibility of reversing the flow on Capline — the U.S.’s largest northbound crude oil pipeline — has been discussed for a number of years now. Finally, it may be on the horizon. The three owners of Louisiana-to-Illinois pipeline announced last week that this month they plan to initiate a binding open season for a reversed Capline system that would enable southbound flows starting in the third quarter of 2020 — only a year and a half from now. And, as we discuss in today’s blog, reversing Capline’s direction could open up new crude-slate possibilities for Louisiana refineries and boost crude exports out of the Bayou State.


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