WTI Melts Up; Two Wells Coming Off Confidential List -- May 21, 2021

Brent-70: the new meme --

Strong demand for Canadian heavy oil:

Renewable energy forecasting:

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Back to the Bakken

Active rigs: increased by one overnight, but the 20th rig is drilling a SWD:

$63.71	5/21/2021	05/21/2020	05/21/2019	05/21/2018	05/21/2017
Active Rigs	20	14	66	61	51

Operators with active rigs:

• CLR (5): Gordon Federal, Gale, SWD, Pasadena Federal, Harrisburg,
• MRO (3): Jake, Loraas 44-21H, Evans USA,
• Hess (2): EN-Johnson, GO-Braaten,
• Ovintiv (2): Rolla, Rolfsrud
• Slawson: Mauser Federal,
• Enerplus: Lynx
• Iron Oil Operating: Antelope,
• Petro-Hunt: Jorgenson,
• Whiting: Lacey,
• Oasis: Cliff Federal,
• Crescent Point Energy: CPEUSC Burgess,
• Rimrock: FBIR Guyblackhawk,

Two wells coming off the confidential list -- Friday, May 21, 2021:

• 37316, 3,082, MRO, Klovstad 34-33H, Bailey, t11/20; cum 89K 3/21;
  
• 36124, drl/NC, Slawson, Stallion 8-1-12TFH, Big Bend, first production, ; t--; cum --;
  

RBN Energy: Last of the first oil tankers. 

Today is a sad day for the world of oil tankers. Unless a miracle happens by 10 a.m. local time at the Hawaii Department of Transportation's Harbors Division, the last surviving iron-hulled, sail-driven oil tanker is headed to Davy Jones’ Locker. The once-proud, four-masted, 143-year-old windjammer will soon be scuttled by deliberately sinking her at sea off the shores of Honolulu. How could things have come to this? In today’s blog, we’ll take a trip down memory lane to explore how a spectacular, fully rigged oil tanker could have survived for so long, plying the oceans for this author’s former employer, only to be betrayed in her final years.