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 > EIA Status Report data

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Post by Marty57on Mar 02, 2022 11:14am

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Post# 34474988

EIA Status Report data

All these numbers are millions of Bbls:

Crude Oil (Commercial) -2.6
Crude Oil (SPR) -2.4
Gasoline -.5
Ethanol -.6
Jet Fuel +.3
Distillate (Diesel) -.6

Almost all products were down somewhat. It seems the SPR releases are having little impact on the market, and certainly not what was desired by the US administration.

Cushing Crude was down 1 million bbl to 22.8. Cushing has been dropping for a long time. How low can Cushing go before operational problems develop in transport and refining?

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