Southern Pacific Resource Corp STPJF

Bump coming - production increase substantial PROOF

[zanadu123]

 

 

Last month (March 4, 2014) the first unit train shipment of railbit blend bitumen crude from Southern Pacific Resources Western Canadian oil sands project arrived at Genesis Energy's Natchez, MS terminal on the Eastern Gulf Coast. Railbit has less light hydrocarbon diluent blended with it than the 30 percent required for making heavy Canadian bitumen crude flow in pipelines. So using rail to ship railbit saves some of the "diluent penalty" that pipeline shippers incur by buying diluent for blending and shipping it with their crude. In today's blog "Railbit Train to Natchez - First Unit Railbit Train From Western Canada to the Eastern Gulf" Sandy Fielden looks at the logistics behind this ground-breaking shipment.

source; RBN Energy
april 2.2014

glta

[Risky_Business]

Zan....good information, but I would like to know how long did it take to load the unit train at Lynton.  Lynton has a capability to load 20,000 bpd from truck to train.  Taking a guess, at STP's production rate (4-5kbpd) it would have taken north of 2 weeks to fill all 100-120 rail cars (avg 550 bbl/rail car). This is a positive step for STP in the sense that they can

[ShatnersRug]

Just extrapolate the production increases thanks to ICD installation. For March, say ~800bbl/d for 2P1 vs. 371 pre-ICD, and 150-200 increase from 1P5 (It was at 190 last reported and NR stated that it was producing x2 fluid) That's 600+ barrels more for McKay than February numbers. We know that no addition well were taken offline as the next ICD installation will begin in 2 weeks. Almost 4300

[Eyeinvestor]

Look at 1P5s November and December numbers. I recollect 1P5 was about 600 bbd of steam and 50 bbd of oil in November , 500 of steam and 60 of oil in December. There are enough positives here without overstating the case. Can I trade my interest in pad 1 for shat's interest in pad 2? Someone should be able to set up a derivative swap for us?

[ShatnersRug]

We value Pad 2 with equal importance; it will MAKE the company. I simply do not share your assessment of Pad 1.

[Duxing]

I know you are very optimistic about STP and want to see it is growing fast. So am I. But, please check your math first. Based on your assumption, it's 500 barrels more per day in March than in February. 100bpd more from your math is a lot of oil, and therefore a lot of revenue. Haha

[freedom45]

Read the whole article here for a complete understanding. https://rbnenergy.com/railbit-train-to-natchez-first-unit-railbit-train-from-western-canada-to-the-eastern-gulf

[ShatnersRug]

Excellent read. Thank you for posting that.

[bigkagan]

to celebrate this event https://youtu.be/YLiPH1S1cVQ

[bigkagan]

see if this works https://www.youtube.com/watch?v=YLiPH1S1cVQ

[ShatnersRug]

It's too bad that I can't unsee that.