Active rigs:
| $73.71 | 6/25/2021 | 06/25/2020 | 06/25/2019 | 06/25/2018 | 06/25/2017 |
|---|---|---|---|---|---|
| Active Rigs | 20 | 10 | 62 | 65 | 58 |
No wells coming off the confidential list between now and Monday.
RBN Energy: wind generation has a lot of fans.
Hydrocarbons — mostly natural gas and coal — are still the energy source behind the lion’s share of electric power generation in the U.S. However, renewables like wind and solar are now the frontrunners when it comes to scheduled capacity additions. In fact, renewables account for about 70% of the total 37.9 gigawatts (GW) of new generating capacity under construction in 2021. Recent announcements such as final federal approval for the mammoth Vineyard Wind 1 project — by far the largest permitted offshore wind project in the U.S. to date — only bolster the view that wind power’s role in U.S. power generation will continue to grow through the 2020s. Today, we look at the surge in construction of onshore and offshore wind farms and what it means for the overall power generation mix.
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