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	4/28/2021	04/28/2020	04/28/2019	04/28/2018	04/28/2017
Active Rigs	16	30	64	62	49

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;