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Thursday, July 15, 2021

No Wells Coming Off Confidential List -- Jim Cramer Calls It -- Oil At Its Peak -- July 15, 2021

Bolt: GM tells Chevy Bolt owners park it outside and away from structures. Link here

Oil: may be at a peak. Natural gas users overseas switching to coal.

Cramer: if Jim is correct, Kathy Woods may not have been too far off. 

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Back to the Bakken

Active rigs:

$72.37
7/15/202107/15/202007/15/201907/15/201807/15/2017
Active Rigs2311586758

No wells coming off confidential list today.
 

RBN Energy: switching from natural CO2 to captured CO2 for enhanced oil recovery.

The handful of enhance-oil-recovery producers in the Permian Basin secure virtually all of the carbon dioxide they use from natural CO2 reservoirs located thousands of feet below the surface. In essence, they are taking CO2 out of the ground and putting it back in during the EOR process — producing more crude oil and demonstrating that the CO2 is safely and securely stored underground. Now the challenge is to transform this proven process in a way that reduces greenhouse gas emissions. To do that, EOR producers would need to use man-made or “anthropogenic” CO2 that is captured from industrial and other sources. Well, that’s exactly what’s already happening to a significant degree in EOR operations along the Gulf Coast and in the Rockies, with plans by a leading producer in both regions to use “A-CO2” for the vast majority of its CO2 needs within a few years. In today’s blog, we continue our series on CO2-based EOR with a look at how Denbury Inc. is shifting from naturally sourced CO2 to the man-made stuff.

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