Clearing Out The In-Box -- Friday Night -- January 28, 2022

ISO NE: might as well start here. It's gonna be a rough weekend. Right now:

Note the nuclear flat line until later this afternoon. See max nuclear below.  

From an earlier post:

For the record (from a reader who has better data points than I do on this issue),  max capacity, all numbers rounded and rounded slightly higher. I have no idea how accurate these are but they will provide me a baseline from which to start:

• fuel mix
  
• coal: 400 MW
• hydro: 1,000 MW (today's max: 750 MW)
• oil: 2,600 MW
• nuclear: 3,350 MW
• renewables: 2,000 MW
• natural gas, so far today: 4,200 MW

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In Other News

Natural gas:

• Southern Energy Corp will spud three Selma Chalk horizontal wells in the Gwinville field targeting natural gas
• Mississippi Interior Salt Basin: MISB is the most productive basin in the north-eastern Gulf Coast Region
• the basin has produced more than 1.5 billion bbls of oil and approximately 6.5 trillion cubic feet of gas;

Canada and the pipeline: link here -- 

• Alberta's Premier J Kenny is in DC
• says oil "supply is not a problem"
• the limitation is on shipment capacity through pipelines
• the "veto of Keystone" is the big impediment for Alberta

Phillips 66: open to M&A in retail, midstream. Link here. Investors take note.

S/P the Chevron debacle:

• Chevron to boost Permian output by 10 percent; link here;
• will double its spending on the top shale play:
• The second-largest US producer has earmarked about $3bn in spending on its Permian operations. It anticipates just over 200 wells being put on production in 2022, which would represent a 50pc increase over last year.
• "That is a meaningful step-up in activity," chief executive Mike Wirth said today after Chevron posted fourth quarter earnings. 

Permian, link here to Rystad Energy:

• Permian new well productivity set to breach 1,000 boepd in 2022 on record lateral footage;

S/P the Chevron debacle, link here:

• commenting on federal judge canceling GoM leases: "disappointed." Link here. 

SPR release: link here --

• trading houses set to capitalize on the release;

Pemex: link to Reuters --

• output rises 3% for the entire year, 2021; misses target;

Coal: link to Bloomberg paywall --

• far from dying, the coal sector is actually booming;

Apple earnings: link here --

• Apple did about $1.4 billion in revenues every day during 1Q22:
• reported 1Q22 net income: $34.6 billion
• the net income exceeds the market caps of HAL and BKR ($28 billion)
• AAPL's 88 cents / share dividend ($14 billion) is 2x bigger than EQT -- the largest gas producer in the US.