WTI: that didn't take long. After dropping to $70 in one day, back up to $71.88. We're being played, but it's okay. It gives us buying opportunities. I assume it's due to a tropical storm.
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Back to the Bakken
Active rigs:
| $71.88 | 6/18/2021 | 06/18/2020 | 06/18/2019 | 06/18/2018 | 06/18/2017 |
|---|---|---|---|---|---|
| Active Rigs | 21 | 12 | 62 | 64 | 57 |
Two wells coming off the confidential list -- Friday, June 18, 2021: 70 for the month, 94 for the quarter, 172 for the year:
- 37778, drl/NC, MRO, Norman USA 11-5H, Reunion Bay, no production data,
- 34332, loc/NC, Ovintiv, Kestrel 154-96-33-28-2H, Grinnell, minimal production
RBN Energy: renewable natural gas doesn't stink.
With Environmental, Safety, and Governance (ESG) conscientiousness on the rise and the push to rein in greenhouse gas emissions gaining momentum by the day, many traditional players in the hydrocarbon sector are considering alternative energy sources to invest in. Two key questions they ask themselves when evaluating these options are: Does it make economic sense once you’ve factored in tax credits and other incentives, and can it be incorporated into North America’s existing energy infrastructure. Wind and solar power clearly fit the bill. So does renewable diesel, which also benefits from governmental programs and that it can be blended into petroleum-based diesel. Another alternative gaining traction is renewable natural gas, which is “produced” by capturing methane from landfills and wastewater treatment plants. Today, we discuss the potential and pitfalls of “the notorious RNG.”
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