Hess With Four New Permits -- March 27, 2019

Wow, wow, wow: this is the annual output of the world's largest battery factory -- annual -- world's largest factory --  all that talk about  renewable energy? Sort of makes me think that the Mueller report is trivial in comparison -- did we say that this was annual?

The annual output of Tesla’s Gigafactory, the world’s largest battery factory, could store three minutes’ worth of annual U.S. electricity demand.

It would require 1,000 years of production to make enough batteries for two days’ worth of U.S. electricity demand. Meanwhile, 50–100 pounds of materials are mined, moved, and processed for every pound of battery produced.

By the way, we will get back to this later, but apparently the Jerry Brown requirement for solar panels on all new houses in California has killed the house-building market out there. More to follow.

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Active rigs:

$59.39	3/27/2019	03/27/2018	03/27/2017	03/27/2016	03/27/2015
Active Rigs	66	60	49	32	97

Four new permits:

• Operator: Hess
• Field: Stanley (Mountrail)
• Comments;
  Hess has permits for a 4-well RS-Harstad pad in section 9-155-91, Stanley oil field.

Six permits renewed:

• WPX (4): four Charles Blackhawk permits in Dunn County
• Enerplus: a Morgan permit in Dunn County
• NP Resources: a Roosevelt permit in Billings County