Two Well Come Off Confidential List Today -- February 1, 2019

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Title : Two Well Come Off Confidential List Today -- February 1, 2019
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Two Well Come Off Confidential List Today -- February 1, 2019

Wells coming off confidential list today -- Friday, February 1, 2019: 2 wells for the month; 104 wells for the quarter
35102, conf, Resonance Exploration, Resonance Lodoen 4-6H North, Sergis, producing, 
34458, conf, Hess, CA-E Burdick-155-95-2017H-6, Capa, no production data,

Active rigs:

$53.80 2/1/2019 02/01/2018 02/01/2017 02/01/2016 02/01/2015
Active Rigs 65 58 40 45 146

RBN Energy: part 2, pipe expansions, reversals remaking the St James crude hub.
Imagine a crude oil hub with all this: a central location near the Gulf Coast; pipeline, waterborne and rail access to a wide range of imported and domestic crude; tens of millions of barrels of storage capacity; direct connections by pipe to nearly a dozen major refineries; and the ability to load “neat” or blended barrels of oil onto Aframax-class vessels for export. You’ve conjured up the hub in Louisiana’s St. James Parish, which is fast-becoming an even more significant market player, with even broader access to U.S. and Canadian crude supplies and, very likely, direct outbound links to one or more export terminals capable of fully loading VLCCs.
Today, we continue our series on St. James with a look at its storage assets and at the pipes that flow into and out of the hub.


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