WTI Hits $73; Rimrock FBIR Johnson Wells Continue To Come Off The Confidential List; Thirty-two Active Rigs -- December 23, 2021

US crude oil supply; drops to less than 27 days supply; not seen since pre-Covid, 2019. Link here. 

Permian: to beak daily oil production records in January, 2022. Link here. 

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Back to the Bakken

Active rigs: estimate based on NDIC reports --

$73,00	12/23/2021	12/23/2020	12/23/2019	12/23/2018	12/23/2017
Active Rigs	32	14	56	69	53

Friday, December 24, 2021: 81 for the month, 110 for the quarter, 336 for the year:
38279, conf, Rimrock, FBIR Johnson 13X-7H,

Thursday, December 23, 2021: 80 for the month, 109 for the quarter, 335 for the year:
38280, conf, Rimrock, FBIR Johnson 13X-7C,

RBN Energy: New England power sector shift from gas to renewables and storage. Archived.

For the next few years, New Englanders will remain heavily dependent on natural-gas-fired generation — and keep their fingers crossed regarding the availability of piped-in gas for power during periods of frigid winter weather. 

But the power sector in the enviro-conscious six-state region has ambitious plans to gradually ratchet down its reliance on gas and other fossil fuels and increase the role of wind, solar, and battery storage. 

Over time, that could help to alleviate the gas-supply risk associated with New England’s seasonally insufficient gas pipeline capacity. However, front-and-center roles for highly variable renewable energy sources could pose reliability challenges of their own. In today’s RBN blog, we discuss the evolution of the region’s electric grid and what it may mean for natural gas producers and midstreamers.