Another Snowed Out Day In Bismarck? April 18, 2022

California: might EVs be banned from national parks, forested areas, during dry season? 

WingStop: opportunity?

• COVID round-trip:
• recent high, $150; now under $100;

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Commodities, nice chart.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

ESG: link here --

• ESG crowd thought they could start oil and gas industry for capital;
• sad reality: if oil and gas companies can't get capital from investors, they will get it the old-fashioned way;

Natural gas pipeline protesters: link here. 

• 15-year high natural gas prices;
• no pipelines to fix problem; no pipelines to protest;
• it's hard to believe but there could actually be a Permian shortage this summer;
  
• winter extended; will drive natural gas prices higher;
• winter storm warnings in effect throughout central New York, mid-Hudson, Mohawk Valley, North Country, and Southern Tier regions; link here;

SPR misfire:

• looks like the administration will have to announce SPR release;
• it should be noted that the impact of the SPR release won't be felt until late May, 2022;
• having said that, WTI is now higher than when President Biden announced the unprecedented SPR release on March 31, 2022;

Germany industry in a panic: immediate Russian ban would be devastating. This is not from the Enquirer but from Charles Kennedy. The dots continue to connect.

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Back to the Bakken

DUCs: low fracklog is a funny way of saying DUCs are running out.  DUCs: lowest on record. Link to Julianne Geiger. Nice summary: drilled and DUCs. Operator simply can't get the frack spreads. But look at this: 

The method with which the EIA calculates DUC wells has been called into question well before the dwindling fracklog.

Natural gas: up 7.12%; up 52 cents; closes at $7.82.

Active rigs:

$108.20	4/18/2022	04/18/2021	04/18/2020	04/18/2019	04/18/2018
Active Rigs	36	17	32	63	59

Daily activity report posted a day late.

Six permits renewed:

• CLR (4): the brothers Gibb, in Williams County
• SHD Oil & Gas: a Mufasa permit in McLean County
• EOG: an Austin permit in Mountrail County