$73.00 -- June 21, 2021

Cash gushing in the oil patch: from ArgusMedia. I haven't read the article yet; I hope the writer doesn't use the word "restraint." 

$100 oil? Another bank says it's possible -- $100 oil in 2022.

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Back to the Bakken

Active rigs:

$73.00	6/21/2021	06/21/2020	06/21/2019	06/21/2018	06/21/2017
Active Rigs	21	12	64	64	59

Six wells coming off the confidential list --

Monday, June 21, 2021: 76 for the month, 100 for the quarter, 178 for the year:

• 37375, drl/NC, CRL, Gale 7-32H, Cedar Coulee, no production data,
• 36851, 2,761,  Hess, EN-VP And R-LW-154-94-2536H-1, Alkali Creek, t12/20; cum 129K 4/21;
• 35807, drl/NC, Petro-Hunt, Hagen 144-98-12D-1-2H, Little Knife, no production data,

Sunday, June 20, 2021: 73 for the month, 97 for the quarter, 175 for the year:

• None.

Saturday, June 19, 2021: 73 for the month, 97 for the quarter, 175 for the year:

• 37373, drl/NC, CLR, Gale 5-32H, Cedar Coulee, no production data ,
• 36223, 7,146, MRO, Sherman USA 21-2TFH, Antelope-Sanish, t12/20; cum 239K 4/21;
• 34333, loc/NC, Ovintiv, Kestrel 154-96-33-28-10H, Grinnell, first production, t--; cum--;

RBN Energy: the US's existing and planned CO2 pipeline networks, part 3.

Using carbon dioxide for enhanced oil recovery offers tremendous potential for CO₂ sequestration. The problem is, most the CO₂ used in EOR today is produced from natural underground sources, only to be piped to EOR sites and put underground again. Realizing the full promise of CO₂-for-EOR would require sourcing more and more anthropogenic CO₂, or A-CO₂ — in other words, “man-made” CO₂ that is captured from power generation and industrial processes. In addition to the environmental benefits, there are two other drivers for making this switch from natural CO₂ to A-CO₂: the first is that some of the natural sources of CO₂ used today for EOR are dwindling, and the second is that the push to sequester man-made CO₂ is backed by tax credits and other government-backed incentives. No matter the CO₂ sourcing, CO₂-for-EOR requires pipelines to transport the CO₂ from where it is produced to EOR sites. Today, we continue our series on the rapidly evolving CO₂ market and the huge opportunities that may await those who pursue them.