Everything's Closed Today -- Except The Southern Border -- February 21, 2022

Chariots on fire: yes, that huge ship at sea that's on fire -- transporting EVs from Europe -- Porsches and Bentleys.

Frackers on fire: pushing into "once-dead" shale as oil nears $100 / bbl. WSJ.  

Saudi Aramco on fire: shares trading like a tech company. Up 5% today to an all-time high. In one day, market cap has increased by $100 billion; market cap at a record $2.13 trillion.

US housing market  on fire: Whoa that was fast. Housing units under construction are higher than May '06 and any time since '73. Population adjusted today ~matches 2006, right before the housing bust. 30-year mortgage rates are 4% v 2.625% in Sept. 

U-Haul on fire: with significantly higher energy costs in New England, north Atlantic, and west coast states, expect to see a lot of articles on U-Haul / United Van Line moves to US Gulf coast. Energy demand less and costs less. There's a reason folks move to Arizona. It's a dry heat.

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Back to the Bakken

Active rigs:

$91.52	2/21/2022	02/21/2021	02/21/2020	02/21/2019	02/21/2018
Active Rigs	33	15	54	66	55

Tuesday, February 22, 2022: 43 for the month, 98 for the quarter, 98 for the year

• 38149, conf, CLR, Flint Chips FIU 14-5H,
• 38062, conf,  Hess, GO-Soine A-156-97-2932h_3,
• 37781, conf, Hess, EN-Rice_A-155-94-0310H-6,

Monday, February 21, 2022: 40 for the month, 95 for the quarter, 95 for the year

• 38148, conf, CLR, Flint Chips FIU 13-5H1,

Sunday, February 20, 2022: 39 for the month, 94 for the quarter, 94 for the year

• 38147, conf, CLR, Flint Chips FIU 12-5H, 
• 37798, conf, Koda Resources, Stout 342-3BH,
• 37797, conf, Koda Resources, Stout 3410-2BH,

Saturday, February 19, 2022: 36 for the month, 91 for the quarter, 91 for the year

• 34062, conf, Enerplus, Recluse 149-92-32C-29H-TF1,    

RBN Energy: energy transition slams into energy reality -- school of energy, spring. 2022.