Monday, August 30, 2021

Yawn -- August 30, 2021

Lots of swimming this week, leading up to Labor Day:

New Orleans: first pictures coming out of French Quarter this morning, on CNBC -- yawn. "But the danger is not over yet." Anything to keep people watching and television ratings up. Levee system apparently held. 

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.  

CNBC: Cramer must have the morning off.

Market: CNBC trying to talk market down (nothing new). Reminds us of lots of geopolitical headwinds. It is interesting that CNBC has not yet mentioned Afghanistan. Speaks volumes.  

DXY: 92.78, up 0.1%.

TYT: 1.307%, down 0.005 (yawn)

Oil stocks: dropping; some precipitously. I mentioned the other day that the rise in price was transitory. It looks like GoM oil sector will come back on line quickly. 

AAPL: surged; up over $3.00/share. Now solidly above $150/share for this $145-share company.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here

**********************************
Back to the Bakken 

Active rigs:

$68.93
8/30/202108/30/202008/30/201908/30/201808/30/2017
Active Rigs24*10646254

No wells coming off confidential list.

RBN Energy: Permian natural gas growth spurs more processing capacity

In the past four years, natural gas production in the Permian Basin has doubled — from 6.6 Bcf/d in August 2017 to 13.4 Bcf/d now. 
To keep pace, the midstream sector has spent many billions of dollars on new gas gathering systems, processing plants, and takeaway pipelines, with virtually all of that investment backed by long-term commitments from producers and other market players. 
Thanks to that build-out, the Permian now has sufficient takeaway capacity — at least for another couple of years. 
But despite the 50-plus processing plants that have come online in the play’s Delaware and Midland basins in recent years, still more processing capacity is needed, as evidenced by the expansion projects and new plants that we discuss in today’s blog.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.