Wednesday, April 14, 2021

WTI Breakout? Up 5% Today; No New Permits But Sinclair Renews Seven Permits -- April 14, 2021

Where did all the rental cars go? The WSJ. Agree. I've seen it at our local Enterprise. Lot is generally empty; can't get car on 12-hour notice; not sure about 24-hour notice, but it's difficult. 

Ketchup: again a "shortage" is being reported. Not sure if it's a ketchup shortage or a plastic, individual-container shortage. Link here at The WSJ. Solution? Carry your own Ketchup and/or your own Tabasco sauce. I had my own Tabasco-camouflaged belt holder while in the USAF.

US Steel: 7% jump today. 

MNRL: on a tear, up another 3.6% today; now trading over $16. 

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Great Britain's dependence on imported oil: there's a big story line here -- I've alluded to it over the past several years ... from Financial Times ...


  • up 5.25%; up over $3/bbl; trading at $63.34.
  • oil hits highest since mid-March on strong demand outlook.

Permian Basin: poised for a production boom

Road to Texas renewable energy: another round of power shortages grips Texas


  • moving more part-time workers to full-time workers
  • Walmart's goal: two-thirds of workforce to be full-time workers;
  • WMT down slightly today; trading at $139/share;

Gasoline demand: for the first time since the pandemic began, Americans are driving more than they did in 2019 on interstate highways. Vehicle miles driven on interstate highways were up 1% on the week ending April 11, 2021, vs same 2019 week.

Gasoline demand, link here:

Back to the Bakken

Active rigs:

Active Rigs1734636151

No new permits.

Seven permits renewed:

  • Sinclair: six Lizzie Rae permits in McKenzie County, and one Crosby Creek permit in Dunn County.

Two producing wells (DUCs) reported as completed:

  • 36251, loc/A, Slawson, Osprey Federal 5-26-29TFH, Big Bend, no production data,
  • 36252, loc/A, Slawson, Osprey Federal 2-26-29H, Big Bend, no production data,


  1. Tabasco is, meh; for a real kick in the pants, try Dave's Ultimate Insanity.

    1. Thank you so much. I had some fun with that; now to try it.

      See this post: