Tuesday, May 3, 2022

Two Wells Coming Off Confidential List -- May 3, 2022

Buffett / CVX: why Buffett bought Chevron

Marginal barrel: not likely coming from US in the future.

ISO NE, link here: early Tuesday morning

  • demand: 12,709 MW, moderate
  • 6th decile; $120 / MHh
  • marginal fuel: natural gas but hydro demand at 14%
  • wind: a pitiful 0.07 x 0.06 = 0.4% -- in other words, "no" wind this morning

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Back to the Bakken

Blizzard, aftermath: electricity still out for many in the Bakken

ND coal plant: stayin' alive!

  • ND's largest coal-fired power plant has new owner; Bismarck-based Rainbow Energy finalizes purchase of Coal Creek Station; 1,150-megawatt power plant.

Active rigs:

$103.90
5/3/202205/03/202105/03/202005/03/201905/03/2018
Active Rigs3816306362

Tuesday, May 3, 2022: 10 for the month, 75 for the quarter, 235 for one year

  • 37668, conf, Whiting, Lacey 14-3-2XH, nnice well, Sanish, first production, 11/21; t--; cum 100K 3/22;
  • 30260, conf, Hess, EN-Madisyn-LE-154-94-0705H-2, Alkali Creek, no production data,

RBN Energy: trio of projects target carbon capture from midwest ethanol plants, part 8.

Carbon-capture projects have been slow to take root in the U.S., but that may be changing as a number of companies are now advancing plans to capture the carbon dioxide that results from ethanol production in the Midwest. Ethanol plants are an obvious choice, given that the CO2 resulting from ethanol fermentation is highly concentrated, which makes capturing it more efficient (and less expensive) compared to many other industrial processes. But while the relative ease and economy of capturing those emissions might seem like a no-brainer, convincing the public to go along with those plans has been more difficult. In today’s RBN blog, we look at what’s being planned.

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