The July, 2020, Dashboards Have Been Posted -- The Bakken Hits An All-Time High -- July 24, 2020

Wow, I thought it was going to be a quiet Friday night. Not! Wow. First of all, the July, 2020, EIA drilling productivity reports (the "dashboards") have been posted. I've only looked at the Bakken. The graphics blow me away. I saw it coming; I thought we would see this but was afraid to say anything and look like a fool. Anyway, enough for now. I'll come back to this later. Too much to do and it's already 9:02 p.m. CDT. 

The link is here.

The EIA dashboard links:

• EIA pdf, Bakken: https://www.eia.gov/petroleum/drilling/pdf/bakken.pdf
• EIA, pdf, Permian: https://www.eia.gov/petroleum/drilling/pdf/permian.pdf
• EIA, pdf, Eagle Ford: https://www.eia.gov/petroleum/drilling/pdf/eagleford.pdf

Re-posting: from July 17, 2020 --

From HFI over at SeekingAlpha: the ND Bakken will never be the same.

• Summary
• since 2017, Bakken has surprised to the upside.
• but with DAPL stuck in legal court battles and uncertainty around takeaway capacity continuing, Bakken's production base will fall.
• lower completion activity for 2021 and beyond will result in lower projections of ~250k b/d.
• with the rest of the US shale oil basins wounded, Permian will be the only basin left to carry the US. We see Q4 2019 as peak US oil production.

HFI was so correct: the ND Bakken will never be the same. In fact, it will be better than ever.

There is a reason "everyone" is trying to shut down the Bakken. LOL. 

Disclaimer: I am inappropriately exuberant about the Bakken. I often misread things. I often see things that aren't there.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

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We Will Never Run Out Of Energy Again

While watching Peacock / "The Bourne Ultimatem," I just saw an ad for Amazon's $2 billion climate fund. Link here.

Good, bad, indifferent, "we're" never gonna run out of inexpensive, reliable, accessible energy again. "We" may have other problems going forward, but energy won't be one of them.

Glad to see Jeff Bezos working on earth's problems rather than flying to Mars. LOL. Yes, he's doing that, too, just not airing commercials for interplanetary travel yet.

By the way, I saw a bit of "Soylent Green" last night on TCM. Based loosely on a 1966 novel, released in 1973, and set in 2022 (next year) -- wow, was this dystopian universe way off base. Amazing how wrong the writers were on this one.

Sort of reminds me of the "global warming" predictions for the year 2100.