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Monday, October 11, 2021

WTI Flirting With $82; No Wells Coming Off The Confidential List -- October 11, 2021

Focus on Fracking: posted

ISO NE: again, very strange, just not as marked. Link here.

  • Balmy autumn days and nice weather and yet rates are spiking again today, towards $80.

Big story: I was wrong. I thought this would be a huge story in the media today with regard to Southwest Airlines canceling flights over the weekend. 

It is incredibly obvious what's going on. Most analysts seem to be playing checkers with regard to this while the Biden administration is playing chess. Truly, truly enlightening. The ATC issues and the weather issues apparently only affected Southwest Airlines and American Airlines. By the way, I had forgotten something pretty basic when it comes to flight medicine: pilots go DNIF if placed on a new medication. This vaccine would be a "new medication."

Washington State ferries: walkouts / shutdown. Media blackout. Link here

WTI: $81.43.

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

Active rigs*, updated by NDIC at COB:

$81.43
10/11/202110/11/202010/11/201910/11/201810/11/2017
Active Rigs26*13586859

No wells coming off the confidential list today.

RBN Energy: the rise of responsibly sourced natural gas.

Given everything that’s happened lately on the ESG front — with a lot more expected — it’s safe to say that while hydrocarbons will continue to play an important role in the global economy for the foreseeable future, the companies that produce, transport and process crude oil, natural gas and NGLs will need to work much harder to minimize and mitigate their impact on the environment. Traditional energy companies have been scrambling to respond to the full-court press by investors, lenders and others to rein in and offset their greenhouse gas (GHG) emissions. In addition to establishing goals for slashing their GHGs, and taking steps to tighten their upstream, midstream, and downstream operations, they’ve offered and delivered “carbon-neutral” shipments of LNG, oil and LPG to overseas buyers, using “nature-based” carbon credits to offset their life-cycle emissions. Now, as we discuss in today’s RBN blog, there’s a big push by U.S. gas distributors and other buyers to shift to gas that’s been produced, gathered, processed and transported as cleanly as humanly possible.

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