| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 10-2019 | 31 | 37333 | 37630 | 24910 | 61015 | 44825 | 16190 |
| BAKKEN | 9-2019 | 16 | 26066 | 25305 | 18526 | 43308 | 22114 | 21194 |
| BAKKEN | 8-2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 7-2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 6-2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 5-2019 | 4 | 1951 | 1951 | 1900 | 2615 | 0 | 2615 |
While major economies are yet to commit to extending Paris Agreement commitments, more than 70 countries, 10 regions and 102 cities, including California, New York State, Tokyo and Rio de Janeiro, have committed to work towards net zero emissions status by 2050, according to the UN.Two years:
Data gathered by Platts show the vast majority of emissions are focused on energy and transport, where cleaner technologies already exist and, in electricity generation at least, the costs are reaching grid parity after 20 years of support.
"Unless in the next one or two years countries double or triple their pledges and fully implement them, we won't meet Paris, and we will be on a pathway of greater than 2 degrees Celsius with profoundly negative consequences," Watson told the BBC on Wednesday.
"When the US pulls out it will make it harder to make 2 degrees, while sending the signal to the rest of the world that, if one of the richest counties can't be bothered, why should anybody else?" Watson said. [To be more precise, he "asked."]
In 2018, China was the world's largest economy for the fourth year in a row. It produced $25.3 trillion in economic output according to estimates by the International Monetary Fund. It contributed 19% of the world's total gross domestic product of $135.2 trillion.
The European Union was in second place, generating $22 trillion. Together, China and the EU generate 35% of the world's economic output.
The United States remained in third place, producing $20.5 trillion. The world's three largest economies combined produced 50% of the world's total economy.
No other economy is even close to any of these three. The fourth-largest economy was India, producing $10.4 trillion. Japan was fifth, at $5.6 trillion. Germany, the strongest country in the EU, produced $4.4 trillion.
These measurements use purchasing power parity to account for exchange rate changes over time. It also adjusts for government rate manipulation.
| $55.42 | 11/29/2019 | 11/29/2018 | 11/29/2017 | 11/29/2016 | 11/29/2015 |
|---|---|---|---|---|---|
| Active Rigs | 57 | 66 | 55 | 39 | 64 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 10-2019 | 33759 | 40264 |
| 9-2019 | 34655 | 41308 |
| 8-2019 | 41415 | 48544 |
| 7-2019 | 31891 | 34573 |
| 5-2019 | 996 | 0 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 10-2019 | 35797 | 0 |
| 9-2019 | 57627 | 0 |
Faced with this conundrum, Shell has promised to halve its net carbon footprint by 2050 from the 2016 level. It has gradually moved away from oil toward lower-carbon gas and has been adding electricity to its product mix. It is also applying its trading and retailing expertise to products other than oil and gas. With 45,000 stores—more than Starbucks or McDonalds—Shell serves 30 million customers daily.But what I haven't seen yet, is even one EV charging station at Shell stations. What am I missing? So, let's check. Maybe I am missing something. There it is, over at shell.com:
In recent years, the company also has invested an average of between $1 billion and $2 billion annually on small-scale experiments in new energy sources including power, biofuels, solar, wind, batteries and hydrogen. Most don’t make a profit, but don’t cost too much relative to the more than $20 billion a year that Shell generates in free cash flow.
The experiments give the company information about new markets and the opportunity to shape customer expectations and regulations as they develop. More speculatively, they could also provide a first mover advantage in lower-carbon businesses that might eventually deliver the big profits oil and gas investors expect.
Shell is excited to launch our electric vehicle program that will advance adoption of electric vehicles in California through the deployment of EV charging infrastructure at commercial, retail, public and government locations as well as multi-unit residential dwellings.Y'all know PGE -- the company that is blamed for starting some of worth wildfires in California's history.
Shell is supporting the transition to electric vehicles by looking at how EV charging can be successfully integrated to the power grid. We have developed a new EV smart charging service called Shell RechargePlus that allows the charging of vehicles to be shifted to times when it would be most beneficial for the power grid and that will provide cost advantages for customers.
This new service is available to you when you select Shell as your service provider within the Pacific Gas and Electric Company EV Charge Network Program when you participate under the “EV Charge Owner” option.
| $56.72 | 11/29/2019 | 11/29/2018 | 11/29/2017 | 11/29/2016 | 11/29/2015 |
|---|---|---|---|---|---|
| Active Rigs | 57 | 66 | 55 | 39 | 64 |
In 2019, there has been a significant shift in crude oil and natural gas markets. Prices have remained stubbornly low, even when faced with the risk of significant turmoil like the Saudi drone attacks. Investors are far less forgiving, and energy-related equity values continue to lag most other sectors, despite most companies returning more of their earnings to shareholders. Oil and gas producers are focused on their sweetest of sweet spots, wringing every crumb of financial return from their investments. The risk-return equation has changed. All this makes now a good time to examine the strategies and tactics necessary for survival in this challenging phase of the Shale Era. That is especially true for the players who seem to be doing everything right, because some of the worst management mistakes can occur when performance is good.
