Four Wells Coming Off Confidential List; WTI Drops Below $67 -- August 16, 2021

WTI drops below $67 (again). Traders fear Taliban will flood the market with crude oil to destroy the US shale companies.

Active rigs:

$66.87	8/16/2021	08/16/2020	08/16/2019	08/16/2018	08/16/2017
Active Rigs	23*	12	61	58	55

*Current rig count posted at COB on DAR.

Wells coming off confidential list:

Monday, August 16, 2021: 8 for the month, 19 for the quarter, 199 for the year:

• 37407, conf,  CRL, Gale 14-32HSL, Cedar Coulee, no production data,
• 22653, conf, WPX, Charles Blackhawk 31-30HZ, Heart Butte, no production data,
  

Sunday, August 15, 2021: 6 for the month, 17 for the quarter, 197 for the year:

• 37842, conf, WPX, Charles Blackhawk 31-30HDL, Heart Butte, no production data,

Saturday, August 14, 2021: 5 for the month, 16 for the quarter, 196 for the year:

• 37941, conf, CLR, Bang 3033H1, Cedar Coulee, no production data,

RBN Energy: how midstreamers are reducing their pipelines' GHG impact (FWIW), part 3. 

Every day, midstream companies in North America transport massive volumes of crude oil, natural gas, NGLs, and refined products to market. Without their pipelines, economic activity would rapidly grind to a halt. Still, environmental critics and ESG-conscious investors and lenders are quick to point out that the commodities that midstreamers pipe are among the leading sources of greenhouse gas emissions, and that, at the very least, pipeline companies should be reducing or even offsetting the carbon dioxide (CO₂) and other GHGs associated with operating their networks. That’s now happening in a big way — and in a variety of ways — as we discuss in today’s blog.