Monday, June 21, 2021

$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.

Back to the Bakken

Active rigs:

Active Rigs2112646459

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.

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