Saturday, July 2, 2011

Top 28 Largest Refineries in the U.S. as of Jan 1, 2011 -- EIA

by Aaron and David Rachovich


U.S. Refineries* Operable Capacity 



Rank
 Jan 1, 2011
Corporation
Company
State
Site
Barrels per Calendar Day (b/cd)
1.
Exxon Mobil
ExxonMobil Refining & Supply
Texas
Baytown
560,640
2.
Exxon Mobil
ExxonMobil Refining & Supply
Louisiana
Baton Rouge
502,000
3.
Hovensa LLC (50% Hess, 50% PDVSA)
Hovensa LLC
Virgin Islands (territory of the U.S.)
Kingshill
500,000
4.
Marathon Oil
Marathon Petroleum
Louisiana
Garyville
464,000
5.
PDV America Inc
Citgo Petroleum
Louisiana
Lake Charles
427,800
6.
BP PLC
BP Products North America
Texas
Texas City
406,570
7.
BP PLC
BP Products North America
Indiana
Whiting
405,000
8.
WRB Refining LLC (50% ConocoPhillips, 50% Cenovus)
WRB Refining
Illinois
Wood River
362,000
9.
Exxon Mobil
ExxonMobil Refining & Supply
Texas
Beaumont
344,500
10.
Sunoco Inc
Sunoco Inc (R&M)
Pennsylvania
Philadelphia
335,000
11.
Chevron
Chevron USA Inc
Mississippi
Pascagoula
330,000
12.
Deer Park Refining LTD Ptnrshp (50% Royal Dutch/Shell, 50% Pemex)
Deer Park Refining
Texas
Deer Park
327,000
13.
Valero Energy
Premcor Refining Group
Texas
Port Arthur
292,000
14.
Koch Industries
Flint Hills Resources
Texas
Corpus Christi
290,078
15.
Motiva Enterprises LLC (50% Royal Dutch/Shell, 50% Saudi Aramco)
Motiva Enterprises LLC
Texas
Port Arthur
285,000
16.
Access Industries
Houston Refining LP
Texas
Houston
280,390
17.
Chevron
Chevron USA Inc
California
El Segundo
273,000
18.
Koch Industries
Flint Hills Resources
Minnesota
Saint Paul
262,000
19.
BP PLC
BP West Coast Products
California
Los Angeles
253,000
20.
ConocoPhillips
ConocoPhillips Co
Louisiana
Belle Chasse
247,000
21.
ConocoPhillips
ConocoPhillips Co
Texas
Sweeny
247,000
22.
Chevron
Chevron USA Inc
California
Richmond
245,271
23.
ConocoPhillips
ConocoPhillips Co
Louisiana
Westlake
239,400
24.
Exxon Mobil
ExxonMobil Refining & Supply
Illinois
Joliet
238,600
25.
ConocoPhillips
ConocoPhillips Co
New Jersey
Linden
238,000
26.
Motiva Enterprises LLC (50% Royal Dutch/Shell, 50% Saudi Aramco)
Motiva Enterprises LLC
Louisiana
Convent
235,000
27.
Motiva Enterprises LLC (50% Royal Dutch/Shell, 50% Saudi Aramco)
Motiva Enterprises LLC
Louisiana
Norco
233,500
28.
Total SA
Total Petrochemicals Inc
Texas
Port Arthur
232,000



*Only refineries with atmospheric crude oil distillation capacity.

Source: U.S. Energy Information Administration/EIA, Ranking of U.S. Refineries, Updated/Reviewed June 2011.
(ExxonMobil's Baytown Refinery is the largest oil refinery in the United States. Also, the Baytown area which is home to several of ExxonMobil's integrated sites---including the Baytown Refinery, Baytown Chemical Plant, Baytown Olefins Plant, Mont Belvieu Plastics Plant, Americas Area Engineering Office and Baytown Technology & Engineering Complex---is the largest petroleum & petrochemical complex in the United States. Texas is home to 26 refineries, with a total capacity of 4.72 million barrels per day. Louisiana is home to 19 refineries, with a total capacity of 3.22 million barrels per day. And California is home to 20 refineries, with a total capacity of 1.96 million barrels per day. Nearly half---49%---of U.S. refinery distillation capacity is located in the Gulf Coast region, i.e., PAD district 3 comprising Alabama, Arkansas, Louisiana, Mississippi, New Mexico and Texas. January 2011 U.S. refining capacity of 17.7 million barrels per day, excluding the Virgin Islands, reached the highest level recorded since 1982---please see EIA, Today in Energy, Jun 29, 2011, here. Also, please see "Top 20 Largest Refining Companies/Refiners in the U.S. as of Jan 1, 2011;" "World's Top 25 Largest Refining Companies, Jan 1, 2011 -- OGJ;" "Top 10 Largest Refining Companies in Asia, the USA and Western Europe -- OGJ;" and "World's Top 21 Largest Oil Refineries -- OGJ." Update 1:  Royal Dutch Shell Plc and Saudi Aramco became co-owners of the largest U.S. refinery on Thursday when a new crude distillation unit at their joint-venture Motiva Enterprises Port Arthur, Texas, plant [ranked 15th as of Jan 1, 2011, above -- D.R.] received oil for the first time, said Shell's Chief Financial Officer. The 325,000 barrel-per-day (bpd) atmospheric crude distillation unit that started processing on Thursday combines with existing crude units to give Motiva's Port Arthur, Texas, refinery a total crude oil refining capacity of 600,000 bpd, said Shell Chief Financial Officer Simon Henry during the company's first quarter earnings call. […] With the startup of the new Port Arthur crude unit, Exxon Mobil Corp's 560,640 bpd Baytown, Texas, refinery becomes the nation's second-largest refinery---please see "Motiva Port Arthur refinery becomes U.S. largest - Shell," Reuters, Apr 26, 2012. Update 2: But by far the biggest refining story in North America in 2012 centered on the massive expansion at Motiva Enterprise LLC's Port Arthur, Tex., refinery. The 325,000 bpd, $10 billion expansion, largest at a US refinery in nearly 40 years and designed for feedstock flexibility, was dedicated on May 31, raising capacity to 600,000 bpd and making it the largest US refinery. On June 9, 2012, however, the new crude distillation unit sprung leaks traced to massive corrosion; a fire ensued and the expansion was shut down. Motiva has since traced the problem to faulty design. The unit will not restart before the end of first-quarter 2013, if then---please see Warren R. True and Leena Koottungal, "Asia, Middle East lead modest recovery in global refining," OGJ, Dec 3, 2012 -- D.R.)

Friday, July 1, 2011

Top 20 Largest Refining Companies/Refiners in the U.S. as of Jan 1, 2011

by David Rachovich


Refiners' Total Operable Atmospheric Crude Oil Distillation Capacity 



Rank
 Jan 1, 2011
Company
No. of Refineries
Barrels per Calendar Day (b/cd)*
1.
ConocoPhillips (USA)**
13
2,041,000
2.
ExxonMobil (USA)***
7
1,951,490
3.
Valero Energy Corp. (USA)
12
1,682,300
4.
BP (UK)^
6
1,368,050
5.
Marathon Oil Corp. (USA)
6
1,142,000
6.
Chevron Corp. (USA)
6
1,027,271
7.
Royal Dutch/Shell (NL/UK)+
8
976,650
8.
PDVSA (Venezuela)#
4
854,050
9.
Koch Industries Inc. (Flint Hills Resources; USA)
3
771,578
10.
Sunoco Inc. (USA)
3
673,000
11.
Tesoro (USA)
7
657,300
12.
Saudi Aramco (Saudi Arabia)$
3
376,750
13.
PBF Energy (USA)
2
342,200
14.
Holly Corp. (USA)
4
285,350
15.
Access Industries (USA)
1
280,390
16.
Cenovus Energy (Canada)>
2
254,000
17.
Total (France)
1
232,000
18.
Alon (Israel)
4
231,500
19.
Western Refining Inc. (USA)
4
226,200
20.
Frontier Oil Corp. (USA)
2
185,000
U.S. Total^^
141"
17,736,370



*Includes partial interests in refineries not wholly owned by the company.  

**Including its 50% stake in the Wood River, Illinois, refinery and 50% stake in the Borger, Texas, refinery. WRB Refining LLC operates as a 50/50 joint venture between ConocoPhillips and Cenovus Energy (Calgary).

***Including its 50% stake in the Chalmette, Louisiana, refinery.

^Including its 50% stake in the BP-Husky, Toledo, Ohio, refinery.

+Including Shell's stakes in Motiva (i.e., its 50% stake in the Port Arthur, Texas, refinery; its 50% stake in the Convent, Louisiana, refinery; and its 50% stake in the Norco, Louisiana, refinery), and its 50% stake in the Deer Park, Texas, refinery.  

#Including its 50% stake in the Chalmette, Louisiana, refinery. Also, Citgo, a wholly-owned subsidiary of PDVSA, operates three refineries – Lakes Charles, Louisiana; Lemont, Illinois; and Corpus Christi, Texas.

$Consists of 50% stake in Motiva. Motiva is a 50/50 joint venture between Shell and Saudi Aramco.

>Consists of 50% stake in WRB Refining LLC (a 50/50 joint venture between ConocoPhillips and Cenovus), i.e., 50% stake in the Wood River, Illinois, refinery and 50% stake in the Borger, Texas, refinery.

^^Including other refineries but excluding Hovensa's 500,000 barrels-per-day refinery on the Caribbean island of St. Croix in the United States Virgin Islands. Hovensa is a joint venture between subsidiaries of Hess Corporation and Petróleos de Venezuela, S.A. (PDVSA).

"Only refineries with atmospheric crude oil distillation capacity.

Notes: PBF Energy Company LLC on Tuesday, March 1, 2011, announced that its subsidiary, Toledo Refining Company LLC, has completed its purchase of the Toledo Refinery in Ohio from Sunoco, Inc. Separately, Western Refining  indefinitely suspended refining operations at the Bloomfield, New Mexico, refinery in November 2009.  Atmospheric crude oil distillation -- The refining process of separating crude oil components at atmospheric pressure by heating to temperatures of about 600 degrees to 750 degrees Fahrenheit (depending on the nature of the crude oil and desired products) and subsequent condensing of the fractions by cooling.

Source: Based on data from the U.S. Energy Information Administration/EIA, Refinery Capacity Report, Release date: Jun 24, 2011, Table 5, here.

(ConocoPhillips is the largest refiner in the United States, with crude oil distillation capacity of 2 million barrels per day as of Jan 1, 2011, followed by ExxonMobil and Valero. Also, please see my post "Top 10 Largest Refining Companies in Asia, the USA and Western Europe -- OGJ," and Aaron and David Rachovich, "Top 28 Largest Refineries in the U.S. as of Jan 1, 2011 -- EIA." Update: As of late 2012, the top 5 largest refiners/refining companies in the United States have been Valero/12 refineries with 2,096,500 b/cd of crude capacity, Phillips 66, ExxonMobil, BP and Marathon---please see Warren R. True and Leena Koottungal, "Asia, Middle East Lead Modest Recovery in Global Refining," OGJ, Dec 3, 2012, Table 2 in my post "World's Top 25 Largest Refiners, Jan 1, 2013 -- OGJ," Notes. For the USA, Valero has moved into the top spot for company-wide capacity, pushing Phillips 66 to No. 2 -- D.R.)

Saturday, June 25, 2011

Purvin & Gertz Estimates Future [U.S.] Unconventional Oil Output

by Paula Dittrick, OGJ Senior Staff Writer, OGJ, Jun 24, 2011
Unconventional oil production from the Bakken, Eagle Ford, and Niobrara plays is expected to approach 900,000 b/d in 2015 and exceed 1.3 million b/d by 2020, a consultant forecast.

Purvin & Gertz Inc. estimates current oil production from the Bakken, Eagle Ford, and Niobrara plays at 350,000-400,000 b/d.

The Bakken formation is in North Dakota and Montana, the Eagle Ford is in South Texas, and the Niobrara is in Colorado and Wyoming.

Geoff Houlton, a vice-president with Purvin & Gertz in Houston, told OGJ that shale oil production likely will help offset US oil import volumes in coming years.

Increasing supplies of light, sweet crude from shale oil plays are expected to reduce oil imports of similar quality crude into the Gulf Coast by greater than 500,000 b/d by 2016, he said.

Purvin & Gertz released its base-case forecast in a study entitled “US Midcontinent Crude Oil Market Analysis,” which examined oil logistics and pricing. [Read more]

(Current production from the Eagle Ford is roughly 100,000 barrels per day of crude oil and condensate >> OGJ, May 6, 2011 or EPP press release May 3, 2011. Also, please see my post "BENTEK: Eagle Ford Crude Oil Production Expected to Grow Fivefold in Five Years," here. For maps of the Eagle Ford shale, please see here. For the map of North American shale plays from the U.S. Energy Information Administration/EIA, including the United States, Canada and Mexico, as of May 9, 2011, please see here. Operators increased North Dakota's Bakken production from less than 3,000 barrels per day in 2005 to over 230,000 barrels per day in 2010. The Bakken's share of total North Dakota oil production rose from about 3 percent to about 75 percent over the same period. North Dakota produced an average of 307,000 barrels of crude oil per day in 2010 and comprised about 5.6 percent of the nation's total crude production. The increase in U.S. crude oil production in 2010 was led by escalating horizontal drilling programs in U.S. shale plays---please see my post "United States: Oil Production from Shale Formations, 2005-2010 -- EIA," here. UPDATE: In its Twitter post on June 25th, Platts said, "About 50,000 b/d of Bakken crude oil not being shipped out of N. Dakota due to record flooding in Minot area: state official." -- D.R.)

Friday, June 24, 2011

World Watch [IEA Oil Release]

by Vincent Lauerman, New York, EI, Jun 23, 2011
International Energy Agency (IEA) Executive Director Nobuo Tanaka announced on Thursday [June 23] that the consumer organization's 28 member countries had agreed to release 60 million barrels of oil stocks – including 30 million bbl from the US Strategic Petroleum Reserve [SPR] – in the coming month. Tanaka was following up on his implicit threat in May to unlock the reserves if Opec did not agree to increase supplies at its failed Jun. 8 meeting. The IEA has released strategic stocks twice before [please see details below -- D.R.], but this release clearly breaks with historical precedent [also, according to Peter Kemp, the IEA's release of oil stocks marks a new turn in oil market intervention---please see "World Watch," EI, Jun 24, 2011 -- D.R.]. Although the IEA framed the release in terms of the ongoing supply disruption in Libya, market sources say there is no actual shortage of physical crude. The IEA is instead making a pre-emptive move, looking ahead to “the threat of a serious market tightening” in the second half of the year, at a time when “world economies are still recovering.” Economic growth has been weakening, especially in OECD countries such as the US [...]

(In its 37-year history the IEA has collectively agreed to release strategic petroleum stocks only twice before to fill lost supplies -- in 1991 at the outbreak of the first Gulf War following Iraq's invasion of Kuwait, and in 2005 after Hurricane Katrina damaged offshore oil rigs, pipelines and oil refineries in the Gulf of Mexico. Separately, please also see Petroleum Economist (PE) commentary -- The IEA's release of crude from strategic stocks is less about Libya than about the global economy - and it should send oil prices tumbling, says the editor of PE Derek Brower. Also, please see retweets by me on Twitter dated June 23, here. The IEA has been warning since the turn of the year of rising oil burden -- "Were $100/bbl oil to become entrenched in 2011, that would risk pushing the [oil burden] figure through 5%," IEA said---please see my post "IEA Warns of Rising Oil Burden." The price of crude, if sustained at $100 a barrel or more for the rest of 2011, would cause similar demand destruction as the world experienced in 2008 that led to the global economic crisis, Nobuo Tanaka, IEA executive director, said---please see The Telegraph, Apr 20, 2011. Please compare the above-mentioned analysis to the IEA's official position -- The use of IEA strategic stocks "is not about price but rather about ensuring an adequately supplied market to protect the world economy from unnecessary damage when it is in a fragile state." [?]---please see IEA: Key Questions answered on the release of oil stocks or more precisely "IEA collective action – June 23, 2011: FAQ." The SPR crude oil stocks are stored in underground salt caverns along the Gulf of Mexico Coast. Currently, there are a historically high 726.6 million barrels of crude oil in SPR, close to its 727.0 million barrel capacity. Historically, releases from the SPR have taken one of two forms, either an exchange, where oil provided in the release is then repaid within a specified time, or sales, where oil is auctioned off in a competitive bidding process. The United States has released crude oil from the SPR a number of times since 1985, according to the U.S. Department of Energy. The most recent release was the 5.4 million barrel exchange following Hurricanes Gustav and Ike in September 2008. To date, the largest release was a 30 million barrel exchange in the fall of 2000 in response to low heating oil supplies in the Northeast region of the United States---please see chart below and U.S. Energy Information Administration/EIA, Today in Energy, Jun 24, 2011, here. -- D.R.)
              [Click on chart to enlarge]