Montana: Calumet renewable diesel refinery on track; link here.
Calumet Specialty Products Partners has let a contract to Haldor Topsoe to deliver technology for a project to reconfigure a conventional hydrocracking plant for production of renewable diesel at a subsidiary's 30,000-b/d refinery in Great Falls, Mont.
North Dakota: Japanese delegation touring North Dakota, talking about hydrogen, carbon capture opportunities. Link here.
North Dakota’s developing hydrogen hub could attract more investment in the state. A Japanese delegation is touring oilfield sites in Dickinson and visiting Medora today as part of high-level discussion of future investment opportunities in the state’s carbon capture and utilization goals.
The delegation was to tour oilfield sites in northwestern North Dakota Wednesday, Sept. 1 as part of the discussion of opportunities, which began on Tuesday. The delegation is part of the Japanese External Trade Organization.
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DEN, flash: recent surge in price; Jim Cramer had Denbury/CEO on as featured guest about two weeks ago, maybe last week; Cramer "sold on" Denbury. Back in January, 2021, one could have picked up DEN for $28/share; yesterday, trading over $70/share.
Unemployment numbers today: yawn. Steve Liesman was worried there was going to be another spike due to the delta variant. Didn't happen. Numbers came in lower than expected. Folks anticipating loss of unemployment benefits? Going back to work?
Mexico: things keep getting worse of Mexico's struggling oil industry.
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Back to the Bakken
*Active rigs, updated numbers will appear COB:
| $68.92 | 9/2/2021 | 09/02/2020 | 09/02/2019 | 09/02/2018 | 09/02/2017 |
|---|---|---|---|---|---|
| Active Rigs | 24* | 10 | 64 | 63 | 56 |
No wells coming off confidential list.
RBN Energy: making sense out of today's red-hot energy markets.
Energy markets are red hot and are showing no signs of cooling off anytime soon. Natural gas prices have soared 20% to $ 4.615/MMbtu in just the last couple of weeks and could soon breach $5/MMBtu. In the NGL market, propane prices are up to $1.17/gal, the highest level for the month of September since 2011, with the possibility of shortages threatening domestic suppliers this winter. Even crude oil has continued to find support near the $70/bbl range, providing remarkable drilling and completion economics for well-positioned E&Ps. All these markets are data-intensive, and it can be a challenge to keep up with the most important developments. That’s what our ClusterX app is all about. It delivers to your phone or browser everything we believe is important as soon as the information hits RBN databases. And it is free! In today’s blog, we’ll look at some of the key capabilities of ClusterX, including a number of new features we’ve added. Warning: Today’s blog is a blatant advertorial for ClusterX.
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