No Wells Coming Off Confidential List; WTI Dips Below $70 Before Recovering; LL At $74.45 -- August 3, 2021

Thirteen days: that's how long that Petro-Hunt pad fire has been burning. 

WTI: dipped below $70 earlier this morning. However, Louisiana Light is solidly above $74. 

Natural gas: one of the most relentless natural gas (bull side) markets I've seen in a very long time -- HFI Research. From the archives, link here:

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Back to the Bakken

Active rigs (because the NDIC database has been undergoing "maintenance" since July 14, 2021, this information may or may not be current0:

$70.33	8/3/2021	08/03/2020	08/03/2019	08/03/2018	08/03/2017
Active Rigs	23	12	58	64	58

No wells coming off confidential list:

RBN Energy: reality or myth? Carbon-negative crude from EOR, part 7. 

What if crude oil could be extracted from the ground, refined into gasoline and diesel, trucked to your local service station, and used in your SUV to take that next road trip, all the while resulting in LESS CO2 being emitted into the atmosphere? That would mean carbon-negative crude. Crazy talk from a relic of the fossil (fuel) generation? Not so! Carbon-negative crude is being produced today along the U.S. Gulf Coast, assuming you buy the logic of how carbon accounting works for capturing CO2 and using it for enhanced oil recovery — EOR. In today’s blog, we’ll explore what it takes to achieve carbon-negative crude, and why there is vast potential for expanding this pathway to lower greenhouse gas emissions.