Wednesday, April 28, 2021

No New Permits; Active Rig Count At Sixteen; WTI Holds Just Below $64 -- April 28, 2021

Gasoline demand, link here.

Chip shortage: not all automobile manufacturers are "treated" equally. Ford was particularly hard hit because it relied on "one" supplier, and that supplier suffered a major facility fire sometime in the last twelve months. Or something along that line. Not fact-checked. Later: from a reader, see first comment. Link here.

Japanese automotive chipmaker Renesas has said the blaze at its factory in Japan earlier this month may be worse than expected, with 17 fabrication machines affected rather than the 11 originally indicated.

The news is another blow for the semiconductor outfit, which is still recovering from the March 19 fire that shut down its Naka facility’s N3 Building, which produces 300mm wafer sizes at the campus, about 100km northeast of Tokyo.

Covid-19 vaccine anxiety: numbers lower today than expected, link here.

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Back to the Bakken

Active rigs:

$63.86
4/28/202104/28/202004/28/201904/28/201804/28/2017
Active Rigs1630646249

No new permits.

Three oil & gas permits renewed:

  • CLR: a Gordon Federal permit in Dunn County;
  • Bruin: an Ann H Thome permit in Williams County;
  • Lime Rock Resources: a State B permit in Dunn County;

3 comments:

  1. Link to the fab fire.

    https://www.theregister.com/2021/03/29/renesas_fire_damage/

    ReplyDelete
    Replies
    1. Thank you so much. Amazing the stories that CNBC, et al, do not report.

      Delete
  2. http://themilliondollarway.blogspot.com/2021/04/chip-shortage-fog-lifts-april-29-2021.html

    ReplyDelete

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