Connecting the dots: European governments losing control of the narrative last week with regard to Covid. Mass riots across the continent. What the governments needed was a "Nu" variant. LOL.
This, too, will pass. That SPR release came just in time. OPEC won't be raising production when they meet next week with oil crashing.
Investors: those with a long term horizon ..... say, thirty days ... will do just fine.
WTI: plummets but natural gas up 3.6%. Look at the map:
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Back to the Bakken
Over at Fox Business today: fracking powers Williston to fastest-growing micro area in America.
Active rigs:
| $68.54 | 11/26/2021 | 11/26/2020 | 11/26/2019 | 11/26/2018 | 11/26/2017 |
|---|---|---|---|---|---|
| Active Rigs | 23 | 14 | 57 | 62 | 53 |
No wells coming off the confidential list Wednesday, Thursday, Friday, or Saturday, November 24, 2021 - November 27, 2021.
RBN Energy: journey to decarbonization a tricky path for crude oil, natural gas and NGLs.
These are troubled times, as the song says, caught between confusion and pain. Following the COVID trauma of 2020, oil, gas, and NGL markets are now coping with uncertainty of medium- and long-term prospects in light of energy transition rhetoric. Will we continue to see sufficient investment in the hydrocarbon-based supplies that the world needs today, or will resources be increasingly diverted toward renewable energy technologies and wider ESG goals? Finding a way to satisfy the global appetite and fuel continued recovery while planning for the future was a core theme for RBN’s Fall 2021 School of Energy: Hydrocarbon Markets in a Decarbonizing World. In today’s advertorial RBN blog, we lay out some key findings and highlights from this fall’s virtual conference.
Daily activity report, end-of-day report: the only information -- five permits renewed:
- BR (4): two Tilton permits, one Lloyd Christmas permit, and one Scottvale permit, all in Dunn County;
- Slawson: a Challenger Federal permit in Mountrail County;
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