Jet Fuel Prices Spike; ISO New England Grid Price Spikes -- January 7, 2019;

Tonight's NCAA championship game:

The vast majority of spreads seem to have settled at Alabama as a 5.5-point favorite.

The average over/under for the total score of the game currently stands at 57.5 points, per Vegas Insider.

57.5? LOL. Total points early in second period: 37.

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Back to Business

Read more here: https://www.thestate.com/sports/college/acc/clemson-university/article223974345.html#storylink=cpy

From Chesto at the The Boston Globe:

Amazon claims title of most valuable US public company: The e-commerce giant hit $797 billion in market value, overtaking Microsoft.

Wow, how far has APPL has fallen?

We have three Echo Dots/Alexa -- Amazon is on a roll. Amazon, under-promising, over delivering. Apple, over-promising, under-delivering.

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Back To Energy

ISO New England, link here.  ABC Nightly News reports major storm system to hit New England. It will be interesting to see how ISO New England fares. Spot prices in ISO New England spike above $200/MW at 8:00 a.m. this morning.

Jet fuel getting expensive, also. Link here.

Jet fuel differentials on the US Atlantic Coast climbed to their highest levels in 16 months Monday as stock levels in the region continue to sag.

Global Platts assessed jet barrels on Buckeye Pipeline in New York Harbor at the NYMEX February ULSD futures contract plus 13 cents/gal. That was up 4 cents from Friday and highest since it reached plus 14.50 cents/gal on September 7, 2017.

USAC jet fuel inventories fell 656,000 barrels to 8.29 million barrels, according to the latest US Energy Information Administration data. That was down just over a million barrels from the same period last year.

Think about this: in the latest EIA petroleum report --

• there's a glut of oil
• there's a glut of gasoline
• refineries are operating almost at full capacity -- at over 97%
• and, there a jet fuel supply issue.

What does that tell you about jet fuel demand over the holidays?

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Back to the Bakken

Active rigs:

$48.52	1/7/2019	01/07/2018	01/07/2017	01/07/2016	01/07/2015
Active Rigs	64	54	39	54	166

Six new permits: pending

• Operators: XTO (5); Lime Rock Resources
• Fields: Haystack Butte (McKenzie); Little Knife (Dunn)
• Comments: XTO has permits for a 5-well Mandal/Hovet Federal pad in 29-149-97; Lime Rock has a permit for Shuck well in 33-144-97 (see below)

Two producers abandoned:

• 15076, Hess, BLMU N-17HR, Williams County; a Madison well;
• 27395, Lime Rock Resources, Shuck 4-28-33H, Dunn County (see above)

Six producing wells (DUCs) reported as completed: the Wold wells in Banks oil field are tracked here:

• 34471, 1,573, Whiting, Wold 41-5-3H, Banks, t11/18; 13K after 29 days;
• 34470, 2,283, Whiting, Wold 41-5- 2TFHR, Banks, t11/18; cum 17K after 19 days;
• 34469, 2,714, Whiting, Wold 41-5-2HR, Banks, t11/18; cum 16K after 19 days;
• 33015, 3,581, Hess, EN-Thompson Trust-154-94-1930H-8, Alkali Creek, t12/18; cum --;
• 33014, 3,426, Hess, EN-Thompson Trust-154-94-1930H-7, Alkali Creek, t12/18; cum --
• 34204, 2,971, Hess, BB-Chapin-151-95-0506H-8, Blue Buttes, t12/18; cum --;

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Sophia: Getting Skis For The Very First Time

December 22, 2018