Active Rigs At 32; WTI DOwn Below $80 -- November 18, 2021

Hershey, Dot's Pretzels LLC: nice update over at The WSJ.

Starbucks: links with Amazon Go -- or should we say, "amazing go." Google it.

Visa: dropped by Amazon in the UK; may be dropped by Amazon in the US. Currently, Amazon Prime Chase card is a Visa card. What happens to all the "points" if Amazon drops Visa? Link here but no answer.

LA ports: truckers won't work 24 hours; prefer to rest on weekends. Link to WSJ. Sort of like Wall Street, the banking industry, and Congress, huh?

Line 5 to federal court: Link to Charles Kennedy. 

Will the error be corrected? See if you can find it? Link to Irina Slav. Hint: one needs to read to the end of the story.

Tapping the SPR: apparently when we tap the SPR, one of the biggest buyers of US oil is .... drum roll ... China. I guess that's why Brandon wants a globally coordinated release of oil from SPRs around the world. As if China won't find another place to "hide" that oil -- off-shore floating cargo ships?

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

Active rigs:

#77.60	11/18/2021	11/18/2020	11/18/2019	11/18/2018	11/18/2017
Active Rigs	32	15	55	63	56

Thursday, November 18, 2021: 25 for the month, 28 for the quarter, 279 for the year:

• 36226, conf, Enerplus, Mylonite 147-93-08D-05H-TF, Moccasin Creek, first production, 5/21; t--; cum --;

RBN Energy: crude oil, natural gas and NGL markets in a decarbonizing world. 

Energy marketeers are faced with a conundrum. Should the focus be on producing, processing, and marketing the hydrocarbon-based energy that the world needs today? Or is it time to go an entirely different direction toward net-zero emissions, renewables, and battery-powered everything? The answer, of course, is both. That means living, working, and producing hydrocarbon-based products in today's world while at the same time preparing for and investing in the world to which we’re headed. You might think of it as kind of a mild case of schizophrenia; we live in one reality, but we must think in terms of an entirely different future reality. That was a core theme for RBN’s Fall 2021 School of Energy: Hydrocarbon Markets in a Decarbonizing World. In today’s RBN advertorial blog, we provide our key findings and highlights from the conference curriculum.

Early production:

• 36226, conf, Enerplus, Mylonite 147-93-08D-05H-TF, Moccasin Creek, first production, 5/21; t--; cum --;

Date	Oil Runs	MCF Sold
9-2021	20436	14424
8-2021	17687	12301
7-2021	18377	13631
6-2021	11801	6577
5-2021	6139	4027