Natural gas: link here -- could soon hit $10.00.
WTI: just shy of $111.00 over night.
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Back to the Bakken
Active rigs:
$110.0 | 5/6/2022 | 05/06/2021 | 05/06/2020 | 05/06/2019 | 05/06/2018 |
---|---|---|---|---|---|
Active Rigs | 39 | 17 | 22 | 62 | 62 |
Friday, May 6, 2022: 20 for the month, 85 for the quarter, 245 for one year
- 38362, conf, CLR, Springfield FIU 8-8H1, Brooklyn, no production data,
- 38310, conf, Hess, EN-Zunich-156-94-3328H-9, Manitou, a nice well;
- 34336, conf, Oasis, Borden Federal 5300 14-36 9B, Willow Creek, a very nice well;
RBN Energy: the drivers and constraints of coal-gas fuel switching.
A tight coal market and record-high coal prices in the Eastern U.S. have suppressed gas-to-coal switching in recent months, despite the gas market also contending with a supply squeeze and gas prices trading at Shale Era highs. The coal-market constraints have contributed to record, or near-record, gas demand in the power sector, with gas gaining market share of total generation fuel demand — in spite of wind and solar increasing their share of the pie. Generation fuel dynamics were a driving factor in the tighter gas market balances this past winter and also play a role in how power grids balance cost and reliability during times of extreme customer demand, such as the record-breaking heat wave expected to hit Texas in the coming days. In today’s RBN blog, we take a look at power generation fuel economics, particularly the fuel-switching phenomenon and its underlying drivers.
Initial production:
- 38310, conf, Hess, EN-Zunich-156-94-3328H-9, Manitou, a nice well;
Date | Oil Runs | MCF Sold |
---|---|---|
3-2022 | 20406 | 37597 |
2-2022 | 24248 | 40887 |
1-2022 | 14973 | 37341 |
12-2021 | 24398 | 33616 |
11-2021 | 44738 | 36833 |
- 34336, conf, Oasis, Borden Federal 5300 14-36 9B, Willow Creek, a very nice well;
Date | Oil Runs | MCF Sold |
---|---|---|
3-2022 | 35730 | 76119 |
2-2022 | 22253 | 30899 |
1-2022 | 30841 | 32863 |
12-2021 | 29501 | 20106 |
11-2021 | 18906 | 19296 |
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