Oasis Reports A Fairly Respectable Thelen Federal Well In Banks Oil Field -- July 12, 2021

Ten-year treasury: 1.351%. Okay. 

NASDAQ: hits new all-time intra-day record. AAPL flat but slightly positive but now trending down. 

Most interesting television commercial last night: the Disney+ ad during the NBA game in Milwaukee. Disney+, Hulu, and ESPN "bundle" for $13.99 / month. 

Roku: must be doing something right. Like Netflix, it appears to have figured out how to transition to the new reality. Roku is up over $5.00 today. Funny I should mention Netflix; the first Roku model was developed in collaboration with Netflix, introduced in May, 2008. Netflix is up nicely today, also. As is TSLA.

Spokesperson: Brad Bellflower for Apartments.com. Without question, the best series of television commercials right now. 

Cuba: I have no idea what's going on in Cuba right now, but without question, the one western hemisphere country that has been most "let down" by the UN is Cuba. 

FDA: the big question -- why is the FDA not granting full approval to the vaccines?  

Hess: will report three huge wells later this fall. Phenomenal runs being reported now.

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Back to the Bakken

Active rigs:

$73.49	7/12/2021	07/12/2020	07/12/2019	07/12/2018	07/12/2017
Active Rigs	23	11	56	67	58

One well coming off the confidential list;

Monday, July 12, 2021: 5 for the month, 5 for the quarter, 185 for the year:

• 37018, 481, Oasis, Thelen Federal 5397 44-34 14TX, t1/21; cum 72K 5/21; Thelen Federal wells are tracked here;
  

Sunday, July 11, 2021: 4 for the month, 4 for the quarter, 184 for the year:

• None.

Saturday, July 10, 2021: 4 for the month, 4 for the quarter, 184 for the year:

• None.

RBN Energy: US LNG feedgas rebounds as spring maintenance season rolls off. Archived.

Global gas prices have had a record-breaking year so far, with JKM in Asia hitting all-time seasonal highs in spring, and TTF in Europe last week reaching the highest level since 2008. Prices have been spurred on by a global LNG market that is undersupplied and hunting for additional cargoes. 

If you were just looking at U.S. feedgas levels over the past several weeks, though, you would never know that we are in the middle of an incredible bull run. 

U.S. LNG feedgas deliveries have trailed below full-utilization levels for more than a month due to a combination of spring pipeline maintenance, LNG terminal maintenance, and operational issues. 

The reduced availability of pipeline and liquefaction capacity led feedgas deliveries in June to average 9.35 Bcf/d, or about 85% of full capacity. However, this was just a small and short-lived setback before what is likely to be a breakthrough summer for U.S. LNG. 

Feedgas demand is already back above 95% utilization and is poised to head even higher over the next few months both from new liquefaction capacity coming online and potentially from spot market cargo production. In today’s blog, we take a look at the impact of spring maintenance on U.S. LNG production and potential feedgas demand growth in the months ahead.