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:

$110.0	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