Two Wells Coming Off The Confidential List -- December 17, 2021

Coal: this will be the story for today. 

Tesla: Elon Musk now owns more TSLA stock than he did when he started selling. Link here. 

Pfizer: set to oust AstraZeneca as world's top supplier of Covid-19 vaccine. Link here. 

Europe's energy crisis: just got worse. A couple of French nuclear reactors shut down over "issues." Link to Tsvetana Paraskova. 

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Back to the Bakken

 Active rigs: the daily rig count is an estimate based on the end-of-day NDIC reporting:

$70.98	12/17/2021	12/17/2020	12/17/2019	12/17/2018	12/17/2017
Active Rigs	31	14	52	68	5

Friday, December 17, 2021: 72 for the month, 75 for the quarter, 327 for the year:

• 38186, conf, CLR, Tallahassee FIU k6-21H, Baker, no production data, 
• 36771, conf, Hess, BL-A Iverson-155-96-1312H-9, Beaver Lodge, first production, 6/21; t--; cum 32K 10/21;

Thursday, December 16, 2021: 70 for the month, 73 for the quarter, 325 for the year:

• 36303, conf, Bruin, FB Belford 148-95-22D-15-13T-LL, Eagle Nest, first production, 6/21; t--; cum 125K 10/21;

Wednesday, December 15, 2021: 69 for the month, 72 for the quarter, 324 for the year:

• 38187, conf, CLR, Tallahassee FIU 5-21H, Baker, no production data,

RBN Energy: the implications of JERA's shift away from long-term LNG deals. 

Japan’s strategy for LNG imports has been based on security and reliability of supply, with JERA, the country’s largest LNG buyer, reliant on supply contracts that can last for 20-25 years. Those deals have been of paramount importance since imports to Japan started in 1972, but things are changing in a big way. In parallel with Japan’s plan to decarbonize its economy, JERA has made clear its intention to reduce its dependence on long-term LNG contracts and instead focus more on short-term deals supplemented by spot market purchases. This decision will have several important effects, and in today’s RBN blog, we look at what it may mean for the LNG industry.