Two Wells Coming Off Confidential List; WTI Sails Through $70 Overnight; Austria Coming Out Of Lockdown On Sunday -- December 7, 2021

Back in stock, Lego notified me early this morning:

The in-box for December 7, 2021: link here.

Pearl Harbor. 80th anniversary.

Global warming? Incredibly cold across Europe and Russia overnight. New records being set.

WTI: sailed through $70 overnight. 

Ten-year treasury: well below 1.6%; at 1.454%. Link here. 

Just what they need: the Standing Rock Sioux Tribe will soon operate seven electric vehicles and install charging stations on the reservation thans to a $7 million federal grand -- that works out to about ... well, you can do the math. Editors at Bismarck Tribune appear to be applauding. Link here. A reader suggests: "several" means three vehicles, four at most:

• one for the Standing Rock chief;
• one for the Mobridge casino / CEO
• one for the Standing Rock casino / CEO
• one either as back-up for parts; or, for chief, law enforcement

Grand Sky Development Company. from February 24, 2021, link here.

Grand Sky Development Company, LLC  has entered into lease agreements with four tenants to occupy the entirety of the new Multi-Tenant Building 1 at the business and aviation park.

The tenants include General Atomics Aeronautical Systems, Inc., Northern Plains UAS Test Site, Grand Sky Airfield Operations, LLC and Innovets Aerospace.

The Northern Plains UAS Test Site has signed a 10-year lease in the MT1 building at Grand Sky and has plans to use the space as the headquarters and operations center for Vantis, the statewide Beyond Visual Line of Site Network (BVLOS). 

Northern Plains UAS Test Site and Grand Sky have collaborated numerous times on multiple projects in support of medium and large UAS operations. 

These projects include supporting a commercial beyond-line-of sight-flight of the General Atomics MQ-1 Predator UAS, as well as the company’s first trans-Atlantic flight with a MQ-9 Reaper UAS.

More recently, Northern Plains UAS Test Site and Grand Sky collaborated to support test and demonstration flights including extended BVLOS flights of Northrop Grumman’s Firebird optionally manned aircraft.  Northern Plains UAS Test Site will occupy 25% of the nearly 18,000 square foot building.

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Back to the Bakken

Definitive rig report here.

Active rigs:

$71.67	12/7/2021	12/07/2020	12/07/2019	12/07/2018	12/07/2017
Active Rigs	29	16	55	64	53

Tuesday, December 7, 2021: 57 for the month, 60 for the quarter, 311 for the year:

• 38249, conf, CLR, Candee 9-9HSL, Chimney Butte, no production data,
• 37439, conf, Oasis, Wold 5397 43-34 6B, Sand Creek, first production, 6/21; t--; cum 129K in les than five months; initial production: Whiting's Wold and Wold Federal wells are tracked here.

Date	Oil Runs	MCF Sold
10-2021	17014	59050
9-2021	35172	95624
8-2021	33532	84969
7-2021	31166	68677
6-2021	12597	26103

RBN Energy: midstream constraints loom for northeast gas production, part 3. 

It’s no secret to anybody paying attention to U.S. natural gas markets that Appalachia has long been bedeviled by midstream constraints, often leading to deep gas price discounts. There have been brief respites when new capacity has come online, allowing more gas to flow out, but if you've been reading our blogs and natural gas reports lately, you know we've been sounding the alarm about the growing specter of constraints reemerging. Across the country, the boom in pipeline reversals, greenfield projects, and pipeline expansions that characterized much of the 2010s is pretty much over, with just a couple of approved expansions left, and it’s gotten much harder for projects offering additional capacity to gain traction, especially in the Northeast. In today’s RBN blog, we consider the big questions facing the region: how fast will Appalachian gas production grow, how much running room do producers have left, and what are the implications of midstream constraints for forecast supply growth?