Covid-19 vaccinations: huge jump in number of vaccinations given over the past two days. Link here. On another note, finally, US opens borders to foreign tourists. I'm loving it.
Seriously under-valued: US oil companies are seriously undervalued. I really like a handful of analysts over at oilprice.com. Alex Kimani is one of them.
Greta: did you hear that coal generation in the UK jumped as wind speed dropped. Yup, that's what Charles Kennedy is reporting.
Coal met some 3 percent of the UK’s electricity demand on Friday morning, reaching its highest level of Britain’s power generation in one month, amid lower wind speeds this week and an outage at a gas-powered plant, Bloomberg reports.
The last time the UK generated 3 percent of its electricity from coal was in early September when low wind generation reduced renewable power supply and triggered the massive spikes in UK wholesale electricity prices.
Utility Uniper fired up its coal-powered plant in Ratcliffe early on Friday, while the gas-fired plant in Pembroke, Wales, operated by RWE, suffered an unplanned outage. [It doesn't take a rocket scientist to see where this is headed.]
Over the past week, gas has consistently accounted for the largest share of the UK’s electricity generation, according to data from National Grid ESO. For example, on Wednesday, gas produced 44.8 percent of Britain’s electricity, more than wind with 19.2 percent and nuclear with 12.6 percent.
Surging natural gas prices and warm and still weather in September forced the UK to fire up an old coal plant that was on standby in order to meet its electricity demand.
The UK has pledged to phase out coal-fired power generation by October 2024.
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Back to the Bakken
Active rigs:
| $82.28 | 10/15/2021 | 10/15/2020 | 10/15/2019 | 10/15/2018 | 10/15/2017 |
|---|---|---|---|---|---|
| Active Rigs | 26 | 16 | 60 | 68 | 59 |
No new permits.
One permit canceled:
- 38512: Kraken, Maddie, Williams County.
One producing well (a DUC) reported as completed:
- 35456, 471, QEP, MHA 5-29-30H-150-92, on a six-well pad; two wells are shown as actively producing, #35453 and #35455
Date Oil Runs MCF Sold 8-2021 27820 15333 7-2021 25537 13784 6-2021 44939 25490 5-2021 48994 21911 4-2021 1433 221 - 35453, 2,518, QEP MHA 7-27-26H-150-92, Van Hook, t7/20; cum 267K 8/21; taken off line for a few days in 5/21;
- 35455, 681, QEP MHA 7-29-30H-150-92, Van Hook t7/20; cum 399K 8/21; taken off line 4/21 - 5/21;
- in addition,
- 35454, conf, QEP, MHA 5-27-26H-150-93, Van Hook,
Date Oil Runs MCF Sold 8-2021 20773 10399 7-2021 24380 12201 6-2021 25400 13481 5-2021 32158 11149 4-2021 3827 689
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