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re: First Load of Diluent Arrived in Venezuela from US

Posted on 2/3/26 at 9:19 am to
Posted by CitizenK
BR
Member since Aug 2019
15665 posts
Posted on 2/3/26 at 9:19 am to
We ship a cheap unfinished product to make up 25% of what gets pumped from the field. This is no different than what has to happen in Canada. We used to pipeline to Corpus then ship it by shuttle tanker to LOOP so it could be pumped up Capline then on to Canada to dilute the crude there so it could be pipelined to the Gulf Coast. Canada was able to produce enough condensate from its natural gas to no longer need Eagle Ford. Capline has since been reversed so everything flows south. Capline being a 1.2 million barrel per day capacity.
Posted by CitizenK
BR
Member since Aug 2019
15665 posts
Posted on 2/3/26 at 9:21 am to
We ship a cheap unfinished product to make up 25% of what gets pumped from the field. This is no different than what has to happen in Canada. We used to pipeline to Corpus then ship it by shuttle tanker to LOOP so it could be pumped up Capline then on to Canada to dilute the crude there so it could be pipelined to the Gulf Coast. Canada was able to produce enough condensate from its natural gas to no longer need Eagle Ford. Capline has since been reversed so everything flows south. Capline being a 1.2 million barrel per day capacity.

The oil companies are not screwing you at all. They all lost a shitton of money in 2020 and why gasoline was so cheap then. Some refineries, east of the Rockies, were never reopened due lack of demand to this day.
Posted by Shexter
Prairieville
Member since Feb 2014
20757 posts
Posted on 2/3/26 at 9:31 am to
quote:

We ship a cheap unfinished product to make up 25% of what gets pumped from the field.


That makes more sense. The OP had his ratio backwards and made it seem like the mix was 75% Naphtha to 25% crude.

quote:

Naphtha arrived in Venezuela from the US. It's mixed 3:1 with very heavy crude at the wellhead to pipeline it to the coast
Posted by EphesianArmor
Member since Mar 2025
4839 posts
Posted on 2/3/26 at 9:36 am to
quote:

Crawfish nuts [ON] OFF


Posted by CitizenK
BR
Member since Aug 2019
15665 posts
Posted on 2/3/26 at 9:39 am to
Eagle Ford "crude" is unprofitable to refine. It only makes gasoline and diesel and requires a lot more heat and a large crude unit. Better to ship it to Venezuela in lieu of naphtha
Posted by Bigfishchoupique
Member since Jul 2017
9605 posts
Posted on 2/3/26 at 9:40 am to
A friend of mine has a gas well that produces a lot of condensate. They used to sell it by the barge full to power plants in Florida that use it for fuel. Once they blend it. Top dollar right out the well.
This post was edited on 2/3/26 at 9:42 am
Posted by idlewatcher
Planet Arium
Member since Jan 2012
96886 posts
Posted on 2/3/26 at 9:42 am to
quote:

DeCat ODahouse



ty and to the other poster. Figured it was out of Houston.
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11994 posts
Posted on 2/3/26 at 9:42 am to
quote:

Does this lower gas prices


Nope, just makes other people more rich.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
78362 posts
Posted on 2/3/26 at 9:46 am to
I wouldn't trust what makes it to the news when it comes to blend rate.

Judging by what is circulating the target api is to fill loop caverns. So 3:1 seems like overkill.

And it would be 3 crude : 1 naphtha
This post was edited on 2/3/26 at 9:53 am
Posted by CitizenK
BR
Member since Aug 2019
15665 posts
Posted on 2/3/26 at 9:50 am to
quote:

A friend of mine has a gas well that produces a lot of condensate


Gas wells are paid by BTU content. Condensate is higher in BTU than methane. I seriously doubt price had anything to do with a power plant. Gas fired power plants up north keep propane stored to boost BTU in winter. A client builds those standby propane systems for them.
Posted by LSUA 75
Colfax,La.
Member since Jan 2019
4932 posts
Posted on 2/3/26 at 9:56 am to
Is the naphtha mixed with the crude after it comes out of the ground?
If it’s afterwards,how do they get the crude out of the well if it’s that thick.?
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
78362 posts
Posted on 2/3/26 at 9:59 am to
Some is. Not all. Plenty of crudes are brought in with heavy API and not diluted.

Just have to have the right equipment. Viscosity is also a large concern (maybe more than SG) and that can be managed with heat. Thinning the crude makes transportation and storage easier. It adds complexity and costs though.
This post was edited on 2/3/26 at 10:01 am
Posted by RanchoLaPuerto
Jena
Member since Aug 2023
2140 posts
Posted on 2/3/26 at 10:05 am to
quote:

Just have to have the right equipment. Viscosity is also a large concern (maybe more than SG)


Do I understand right that viz can vary with temp, but SG does not (or not as much)?
Posted by RanchoLaPuerto
Jena
Member since Aug 2023
2140 posts
Posted on 2/3/26 at 10:07 am to
quote:

Does this lower gas prices


No. But the crawfish farmers will use it to justify another price bump.
Posted by CitizenK
BR
Member since Aug 2019
15665 posts
Posted on 2/3/26 at 10:09 am to
quote:

Just have to have the right equipment. Viscosity is also a large concern (maybe more than SG) and that can be managed with heat.


Steam injection is ho California's heavy crude is produced This is also due low reservoir pressure to push it up after being produced for over 100 years. There are still small caves with dams where heavy crude seeps up from the ground in CA. Pipes downhill from dams to tank batteries is how it is collected.

Railroad Valley in Nevada had crude like Canadian or Orinoco Belt which came up hot already and trucked without steam as over 128 deg F,

An uncle visited Venezuelan fields decades ago and told me that leaks at the wellhead could be kicked like a ball of tar around Lake Maracaibo.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
78362 posts
Posted on 2/3/26 at 10:09 am to
They all change with temp. I cant say for a general rule that visc changes more in every case but in this case that is true.
Posted by Tree_Fall
Member since Mar 2021
1248 posts
Posted on 2/3/26 at 10:57 am to
quote:

Using naphtha to blend into the ven crude actually raises your gas prices.


Lots of knowledgeable posters on this topic. The economics of it always baffle me. Ven crude has to be modified prior to refining which is an added cost. But after refining (another cost) it brings more oil products into the market which should move the consumer cost down thus lowering return to industry. I get confused easily.

Is asphalt still shipped by ocean-going barges to NW Gulf Coast?
This post was edited on 2/3/26 at 11:05 am
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
78362 posts
Posted on 2/3/26 at 12:33 pm to
There is a processing cost which is almost negligible. The naphtha or additional crude used gets factored into the price. There is some downgrade but the purchaser of the final crude knows they will get additional naphtha and the purchase price accounts for that.

quote:

Is asphalt still shipped by ocean-going barges to NW Gulf Coast?


From Venezuela? I believe that is still being prevented right now. But would think the stream is back on the table at some point if this continues.
This post was edited on 2/3/26 at 12:35 pm
Posted by Penrod
Member since Jan 2011
55437 posts
Posted on 2/3/26 at 12:51 pm to
shite! Trump really is running Venezuela.
Posted by ragincajun03
Member since Nov 2007
29177 posts
Posted on 2/3/26 at 12:54 pm to
quote:

How does this affect crawfish


It makes the meat taste like tar.
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