KODA Resources With Three New Permits: Hess Reports Six Dry Holes -- May 19, 2022

NDIC site: back to daily activity report and that's about it. Scout tickets, map, basic subscription, premium subscription service "get well" date moved from May 18, 2022, to May 31, 2022. 

WTI: $108

Reversal: this was yesterday, when WTI was priced slightly higher than Brent. That's a reversal from the norm but decades ago, that was the norm: WTI priced higher than Brent. Not sure what to make of it. Temporary? Like inflation?

Time will tell:

Road to California:

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Back to the Bakken -- or what little we know today --

CLR: enhanced oil recovery project, link here. 

Active rigs: 39

Three new permits, #38957 - #38959, inclusive:

• Operator: Koda Resources
• Field: Fertile Valley (Divide)
• Comments:
• Koda Resources has permits for three Stout wells in NENE 16-160-102, to be sited between 309 FNL and 369 FNL and between 367 FEL and 368 FEL

Four producing wells (DUCs) reported as completed.

• 37909, 746, CLR, Charolais South Federal 11-10H2 (reported May 18, 2022)
• 37910, 1201, CLR, Charolais South Federal 12-10H (reported May 18, 2022)
• 37911, 1,054, CLR, Charolais South Federal 13-10H (reported May 18, 2022)
• 37912, 845, CLR, Charolais South Federal 14-10H2 (reported May 18, 2022)
• 37913, 1,584, CLR, Charolais South Federal 15-10H (reported May 19, 2022)
• 32426, 74 -- typical for BR, BR, Cleetwood 21-27MBh-A (reported May 19, 2022)
  

Hess reports six dry holes, #37136 - #37141, inclusive: BW-Rolfson wells in McKenzie County

RBN Energy: LNG may not join as global commodity, but markets seem just fine with that.

In the nearly 60 years since its inception, the LNG industry has changed significantly. Once a market in which cargoes were sold under long-term, point-to-point contracts in dedicated ships, it has evolved into one in which destination flexibility accounts for an increasing share of LNG trade, with more volumes being sold under short- and medium-term contracts. The changes reflect a trend toward the increasing commoditization of LNG, with the similarities between the LNG and crude oil markets becoming apparent. In today’s RBN blog, we look at the differences in how the oil and LNG markets have developed, whether LNG might achieve the same commodity status as oil, and why the major market players may not want LNG to follow the path of its older cousin.

All this, a huge draw and more: