Falcon + 222 SK July 26, 2019 (edited) . Edited July 30, 2019 by Falcon 1 Quote Share this post Link to post Share on other sites
Douglas Buckland + 6,308 July 27, 2019 Fantastic! That should help drive the price down. Well done! Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,177 er July 28, 2019 On 7/26/2019 at 10:45 AM, Falcon said: The Cactus pipeline starting to fill. Commercial by end of quarter. Bringing a new pipeline online takes time to sync the gathering,flow, storage and exports. Estimated 400K to 500K bbls by end of September. CACTUS II FULLY OPERATIONAL (670K) BEFORE END OF YEAR. But the key takeaway is .  .  .  you don't ship to Corpus Christi to refine . . . Most of new 2.47 mm bbls will be exported. Carlyle Group already started export terminal in Corpus Christi. They committed to 0ctober 2020 online date with or without Federal approval to deepen channel. Right behind Cactus II 670K bbls is EPIC 900K bbls. .. then later this year Grey Oaks 900K bbls. By Q2 2020 the processes and logistics from wellhead to tanker ship will be fine tuned for all 3 pipes. Don't forget Exxon/Phillips 1mm bbl Permian pipeline will add additional exports by Q1 2021. Net Importer to Exporter. Makes me smile. 1 Quote Share this post Link to post Share on other sites
Ev Rainman 0 E July 28, 2019 Falcon, do you expect export capacity will be in-line with the incremental production that the new pipelines will bring online this year? Or will these pipelines just create a bottleneck that won't be solved until the Carlye Group's export terminal is in service? Quote Share this post Link to post Share on other sites
Falcon + 222 SK July 28, 2019 (edited) On 7/28/2019 at 2:33 AM, Ev Rainman said: . Edited July 30, 2019 by Falcon Quote Share this post Link to post Share on other sites
Falcon + 222 SK July 28, 2019 (edited) On 7/27/2019 at 10:03 AM, Douglas Buckland said: Â . Edited July 30, 2019 by Falcon Quote Share this post Link to post Share on other sites
Douglas Buckland + 6,308 July 29, 2019 You have missed the point, or avoided it, yet again. Pumping more oil into an already over supplied market can only drive the price DOWN. If the price goes DOWN, how many additional jobs will be created in West Texas? How many DUC's will be completed and brought on-line in an over-supplied, low price environment? How many additional frac units will go to work to increase production of low dollar oil? How many operators will finally go belly-up as they are now losing even more money? Drilling is the "easier part"? Quote Share this post Link to post Share on other sites
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