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Friday, May 6, 2022

A Tight Coal Market? Say What? Three Wells Coming Off Confidential List -- May 6, 2022

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:

$110.05/6/202205/06/202105/06/202005/06/201905/06/2018
Active Rigs3917226262

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;
DateOil RunsMCF Sold
3-20222040637597
2-20222424840887
1-20221497337341
12-20212439833616
11-20214473836833
  • 34336, conf, Oasis, Borden Federal 5300 14-36 9B, Willow Creek, a very nice well;
DateOil RunsMCF Sold
3-20223573076119
2-20222225330899
1-20223084132863
12-20212950120106
11-20211890619296

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