Monday, September 13, 2021

WTI Goes Above $70; Two Wells Coming Off Confidential List -- September 13, 2021

Milestone: this is the 38,001th post on this website. First post on this site was in 2009. The original MDW first posted in 2007. 

The early numbers:

  • DXY: $92.80, up 22 cents;
  • WTI: up about 3/4th of a percent; trading at $70.27; very transitory;
  • TYT: 1.335%; down ever so slightly;
  • Dow futures: up 215 points
  • S&P 500: up 25 points
  • NASDAQ: up 83 points

Sports: burrito defense didn't work. And this was in The WSJ. Without question, the four-year ban is excessive. Four months, maybe. 

FAANG: "Never anything but screaming bargains." Lu Wang at Bloomberg. Most irritating thing about the article: the writer never credit to the individual who coined the acronym "FANG" which then morphed into "FAANG." And then, for some, "FAANG-T."

Another wrap (and not a burrito, this time): Christo to wrap L'Arc de Triomphe. Again, at The WSJ

Congestion: record number of ships anchored off US ports.  

Streaming wars: Viacom announced it will re-vamp Paramount+. That suggests others are doing better. I think Paramount+ staked its streaming on Star Trek. I might have to look that up.

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Back to the Bakken

Active rigs*: updated data will bereported by the NDIC at COB today. 

$70.27
9/13/202109/13/202009/13/201909/13/201809/13/2017
Active Rigs26*12646555

Wells coming off the confidential list:

Monday, September 13, 2021: 24 for the month, 35 for the quarter, 215 for the year:

  • None.

Sunday, September 12, 2021: 24 for the month, 35 for the quarter, 215 for the year:

  • 37887, conf, Crescent Point Energy, CPEUSC Sylven 2-14-23-158N-100W-MBH, Winner,

Saturday, September 11, 2021: 23 for the month, 34 for the quarter, 214 for the year:

  • 37886, conf, Crescent Point Energy, CPEUSC Sylven 2-11-2-158N-100W-MBH, Winner,

RBN Energy: the latest on Gulf Coast crude export capacity expansions. Archived.

When fully loaded, a Very Large Crude Carrier (VLCC) sits so low in the water that it almost resembles an alligator swimming along the surface of a lagoon. Bearing the weight of 2 MMbbl of crude oil, plus ballast, fuel, crew, and provisions — not to mention the ship itself — two-thirds of an oil-laden VLCC is literally out of sight. You could say the same about the development of crude export terminal projects along the Gulf Coast: not much to see, maybe, especially during the disturbingly enduring COVID-19 era, but a lot is happening under the surface. 
In today’s blog, we discuss the status of onshore and offshore projects aimed at streamlining the shipment of U.S. crude oil to overseas buyers.

2 comments:

  1. I bought the channel Paramount on Amazon Prime, just to rewatch this documentary:

    https://www.imdb.com/title/tt0496253/

    Probably the best documentary I have ever seen. Yes, even over the Andrew Wiles documentary.

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    Replies
    1. Documentary: "Breaking the Maya Code."

      Sorry for the delay in posting. I wanted to check out the link first and was so far behind.

      The nice thing about "streaming options," one can subscribe for a short period and then drop the subscription with no penalty.

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