“Davidson” submits:

E&P Activity Index nearing historic high March 1982 of 238.63. The March 2019 level of 237.44 continues good employment/production momentum which is likely to breach the 1982 record high shortly.

(Click on image to enlarge)

Additionally:

XOM to restart Baytown, ~600,000 BBL/Day should put a sizable dent in US Crude Inv.

Exxon sees restarting Baytown hydrocracker this week – Bloomberg

Exxon’s (XOM) Baytown, TX, refinery is finishing up a turnaround on its hydrocracker and expects to restart the unit this week, Bloomberg reports, citing people familiar with the operations.

Maintenance, which began in early June, was scheduled to last 30-45 days.