No Wells Coming Off Confidential Status -- February 9, 2022

Fauci: says it's over.

Ottawa: I can watch this video at the link over and over and over. By the way, this occurred when Ottawa police started confiscating truckers' fuel. 

Since then, a Canadian judge ruled that unlawful theft and ruled that the fuel must be returned to the truckers. There is not video of Canadian police returning that illegally confiscated fuel back to the truckers. 

Meanwhile, the city "ordered" its contracted towing companies to start towing parked trucks out of downtown Ottawa. Every Ottawa towing company said, "no." The city then contacted towing companies outside of metropolitan Ottawa and the city has found no takers. The only "win" for the city: a single judge has ruled that honking in downtown Ottawa is now illegal. I'm not sure judges can do that: make their own laws -- I assume he was using some law with regard to "unnecessary noise" or causing a nuisance. 

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Back to the Bakken

Active rigs:

$89.46	2/9/2022	02/09/2021	02/09/2020	02/09/2019	02/09/2018
Active Rigs	34	15	54	63	58

No wells coming off confidential list.

RBN Energy: energy transition slams into energy reality. 

The illusion of a smooth energy transition was swept away in 2021, with the drive toward decarbonization running headlong into the reality of energy markets. It is now clear that the transition and its effects are permeating all aspects of supply and demand, from the chaos in European natural gas, to producer capital restraint in the oil patch, to the rising impact of renewable fuels and, of course, the escalating roadblocks to pipeline construction. Gone are the days when traditional energy markets operated independently of the energy transition. 

Today the markets for crude oil, natural gas, and NGLs are inextricably tied to renewables, decarbonization, and sustainability. It’s simply impossible to understand energy market behavior without having a solid grasp of how these factors are tied together. That is what School of Energy Spring 2022 is all about! In today’s RBN blog — a blatant advertorial — we’ll highlight how our upcoming conference integrates existing market dynamics with prospects for the energy transition.