Wednesday, October 13, 2021

CLR With Two New Permits -- A Whitman FIU (Oakdale) And Bang (Cedar Coulee) -- October 13, 2021

ISO NE: link here.

  • beautiful, balmy day in early autumn
  • electricity spikes to $110 / MWh
  • currently, mid-afternoon, $70 / MWh
  • could be, should be <$15 / MWH

ISO NE, later, late afternoon -- but before the dinner hour -- electricity spikes to $80 / MWh;

  • natural gas: meeting 77% of demand;
  • nuclear: meeting 10% of demand;
  • renewable energy meeting only 5% of demand;
  • expensive Canadian hydroelectricity is now covering demand; meeting 8% of demand;

Buy now, pay later: for those who have forgotten --

Afterpay is best known for its "pay later" service that allows in-store and online customers to purchase a product immediately and pay for it later with four equal repayments. The repayments are interest-free, but if they are not paid every two weeks as required, late fees are accrued.

Firestone has provided this service for years (decades?). Firestone "credit card" new expenses are interest free for six months but start accruing interest responsibilities after that. But doing this across the board, like Afterpay, is pretty clever. 

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Back to the Bakken

Active rigs:

$80.46
10/13/202110/13/202010/13/201910/13/201810/13/2017
Active Rigs2914586759

Four new permits, #38613 -- #38616, inclusive:

  • Operators: CLR (2); Hunt (2);
  • Fields: Oakdale (Dunn); Cedar Coulee (Dunn); Werner (Dunn)
  • Comments:

One permit canceled:

  • 29794, Halliday 146-93-25-36H-3, Dunn County;

One producing well (a DUC) was reported as completed today:

  • 37031, 464, Whiting, KR STate 13-16TFHU, Mountrail County

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