Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.

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Veren Inc > API Data: More Builds

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Comment by LiquidOctopusV2on Oct 05, 2021 6:24pm

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Post# 33971363

RE:RE:API Data: More Builds

The Reserve was supposed to be used in the wake of Hurricane Ida. This might be that.

Moemoney42 wrote: I'd be interested in knowing if any of those builds came partly from the SPR as Biden would need to tap that, to have any leverage to acheive his lower price request to Opec+.. Hmm..?

UnderTheRadar wrote: The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 951,000 barrels for the week ended Oct. 1, according to sources. The API also reportedly showed inventory increases of 3.7 million barrels for gasoline and 345,000 barrels for distillates.

Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by about 2 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday.
On average, the EIA is expected to show crude inventories up by 200,000 barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 700,000 barrels for gasoline and 1.7 million-barrel decline for distillates. November West Texas Intermediate crude CLX21, +1.88% was at $79.13 a barrel in electronic trading, after settling Tuesday at a nearly seven-year high of $78.93 on the New York Mercantile Exchange.