Just a couple of days ago we noted the number of days of crude oil supply in the US dropped below 30 days during the second week of June, 2021. Today, it is noted that the days of supply has dropped again.
For the third day, US crude oil supplies are now at 28.7 days.
******************************** Majors Feeling The Heat?
BP to stick with oil and gas for decades, according to the CEO.
Apparently with the rally in oil prices and "fossil fuel shareholders" jumping ship, the CEO is starting to re-think some of the earlier ESG comments.
Wasn't BP going to go all green just last year. Things certainly suggest there's a bit of anxiety about going all green with the news coming out of China, out of the US, out of Europe.
Maybe some folks are starting to think this through.
Judge James Boasberg dismissed all outstanding counts in the case and
said the Army Corps would not have to file status updates to the court
on the progress of their environmental review. The move marks the end of
a winding, years-long chapter in the DAPL dispute, though future legal
challenges are likely.
In a brief order, U.S. District Judge James Boasberg dismissed all
outstanding counts in the case and said the U.S. Army Corps of Engineers
would not have to file status reports to the court on the progress of
their environmental review. The judge said the Standing Rock Sioux
Tribe, which has opposed Dakota Access since its construction began near
their North Dakota reservation in 2016, can request for the case to be
reopened if there is a violation of prior court orders.
D.C. Circuit Judge James Boasberg agreed with Dakota Access and the Corps and dismissed the SRS Tribe’s case without prejudice.
By the way, it is the "tribe's" case, or is it the "tribes'" case? I've long forgotten.
From a reader:
plaintiffs: Standing Rock Sioux Tribe, et al;
plaintiffs: Cheyene River Sioux Tribe, et al;
there initially four tribes but two, the Yankton and the Oglala, took their marbles and went home;
When we last visited this story, it was said the judge was still "working on" the issue. The seemingly suddenness and the fact it was a "brief order," suggests to me the judge simply got tired of the whining. How many pipelines already run through this area? In addition, this one is clearly the "safest" of them all, and most highly monitored, and any leak is going to have to defy gravity and flow to the surface.
And we move on. For now.
From a reader, the "full docket text":
MINUTE ORDER: Having considered the parties' [608]-[611] Status Reports,
the Court ORDERS that: 1) In light of the Corps' monthly public updates
and Plaintiffs' cooperating agency arrangements, the Court will not
require independent updates or status reports;
2) All remaining outstanding counts are DISMISSED WITHOUT PREJUDICE,
given Plaintiffs' lack of objection; 3) The Clerk shall TERMINATE this
matter, but Plaintiffs may move to have it reopened in the event, for
example, of a violation of the Court's prior Orders;
and 4) Plaintiffs shall file a separate action if they wish to
challenge the forthcoming EIS, which action they may mark as related to
this one so that it will be assigned to this Court. So ORDERED by Judge
James E. Boasberg on 6/22/2021. (lcjeb1)
The reader follows legal proceedings very, very closely over many years, particularly as they pertain to North Dakota.
The reader says this "order" is incredibly short. The reader has written grocery lists that are longer.
US crude oil in storage decreased by another whopping 7.6 million bbls.
US crude oil in storage now stands at 459.1 million bbls, 6% below the norm for this time of year.
Imports averaged 6.9 million bbls, up by 197,000 bpd from the previous weekdistillate inventories increased by 10.8 million bbls; remain 4% below the five-year averagerefiners are opearating at 92% of their operable capacicy;
jet fuel supplied was up 97.5% compared with same period last year
****************************** Back to the Bakken
Active rigs:
$73.62
6/23/2021
06/23/2020
06/23/2019
06/23/2018
06/23/2017
Active Rigs
20
12
64
65
58
One well coming off confidential list -- Wednesday, June 23, 2021: 77 for the month, 101 for the quarter, 179 for the year:
37482, drl/NC, BR, F Jorgenson 1B MBH, Elidah, no production data,
RBN Energy: old-school hydrogen production and demand, and why it matters.
With all the hype about hydrogen you hear these days, you’d think the
gas was just discovered yesterday. But, of course, it’s been around for a
while — like back to the Big Bang 13.8 billion years ago. It does a
nice job powering the sun and, when combined with oxygen, provides
another building block of life on our planet: water. And that’s not all.
For decades, a lot of hydrogen has been used as industrial feedstock to
produce low-sulfur refined products, ammonia, methanol, and other
useful stuff. However, this hydrogen production isn’t “green,” the color
code for the highly exalted hydrogen produced from zero-carbon sources.
No, most of the hydrogen used today goes by the drab hue of “gray” and
is generally ignored by the carbon-neutral buzz that permeates the
decarbonization dialogue. It shouldn’t be disregarded, though. Over 13
Bcf/d of this gray hydrogen is produced on purpose or as a byproduct
each day, more than the volumetric equivalent of all Permian natural gas
production. And if the carbon dioxide produced along with that hydrogen
is stored permanently underground, then gray hydrogen magically becomes
“blue” — almost as good as green. Today, we begin an exploration of the
gray hydrogen market, and how it has the potential to impact
decarbonization goals far more than green hydrogen over the next decade.
