US equity markets:
- Dow: closes up 349 points
- S&P 500: closes up 64 points
- NASDAQ: closes up 270 points
Shift: just a month ago, some Dems were advocating an outright ban on US crude oil / natural gas exports.
Now, apparently, the US is preparing a major LNG shipment-plan, akin to the Marshall Plan or the Berlin Airlift. Link here. My hunch: Biden is going to announce a plan more massive than anyone might imagine. This would solve a lot of problems.
US natural gas / crude oil: all of a sudden, bigger than ever. Link here. EU assesses no-Russian-gas scenario for next winter.
Diesel: Austrian energy giant limits sales. Diesel may end up being the #1 energy story of 2022.
EVs: tracked here. Hertz adds Tesla's Model Y crossover to its EV offering. Previously only the Tesla Model 3 was available. Link here
. Think about it. Right now Teslas only available in DC, Florida, California, and Georgia. I bet most rentals in urban areas require less than a full tank of gasoline or a full electric charge. In other words, rent a full charged EV and return it and not have to pay for any gasoline or electricity. Or perhaps a nominal charge for re-charging.
Back to the Bakken
Active rigs:
| $111.40 | 3/24/2022 | 03/24/2021 | 03/24/2020 | 03/24/2019 | 03/24/2018 |
|---|---|---|---|---|---|
| Active Rigs | 35 | 15 | 50 | 69 | 60 |
No new permits.
Ten permits renewed:
- BR (7): four Saddle Butte permits, three Curtis permits, all in McKenzie County;
- Lime Rock Resources (2): a Harlan Rebsom permit and a Robert Sadowsky permit, both in Dunn County;
- Enerplus: a Moran permit in Dunn County;
Two producing wells (DUCs) reported as completed:
- 31365, 2,205, Grayson Mill, Topaz 20-17 5TFH, Banks, no production data,
- 36209, 811, XTO, FBIR Baker 34X-25H, Heart Butte, minimal production data,
