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.

• don't panic: GS remains bullish on oil; holds to $80-Brent;

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	7/15/2021	07/15/2020	07/15/2019	07/15/2018	07/15/2017
Active Rigs	23	11	58	67	58

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.