Four New Permits; SIx Permits Renewed; BR Reports A DUC -- June 16, 2022

Crashed and burned: Phil.

• wow, does his card look bad! Bogeys and double bogeys;
• first birdie on the back nine; huge cheer from the crowd
  
• playing +6 right now; leader is -4;
• Phil is ten back; unless he has great second day, making the cut will be problematic.

California: from "green cash" to "green crash." 

• California's renewable energy dream has turned into a nightmare. Link here. Archived.
  

Headwinds, perfect storm:

• severe recession scaring everyone: folks will put off buying a new car for as long as possible;
• supply chain, semiconductors, chips: no relief in sight?
• commodities at all-time highs; wiping out profits for EV manufacturers
• ICE manufacturers pivoting to EVs: unprecedented amount of capital requirements

Hot: Spain. Link here. Heatwave drives gas-fired generation to highest rate since 2009.
Spain used to be the poster child for renewable energy. What happened?

Hot: next Wednesday and Thursday, June 22 - June 23, 2022, the US will experience incredibly hot temperatures. 

• Temperatures will be 103° to 108°F across the southeast US -- similar to late June, 2012. Link here.

Hot: Russia's largest gas field is on fire after pipe bursts. Link here to Charles Kennedy, so you know it's a big story.

Weekly EIA petroleum report, link here. So many data points.

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Back to the Bakken

NDIC GIS map server: still not up and running.  No new information from NDIC.

WTI: $117.10

Active rigs: 39 or thereabouts.

Four new permits, #39024 - #39027, inclusive:

• Operator: Hess
• Field: Ray (Williams County)
• Comments:
• Hess has permits for four GO-Golden Valley wells in NWNW 28-157-96, 
• to be sited 474 FNL and between 1196 FWL and  1295 FWL;

Six permits renewed:

• BR: two Sandie permits, one Shaferpermit, and three West Kellogg permits, all in McKenzie County

Two permits canceled:

• Oasis: two Fraser Federal permits in Williams County

One producing well (a DUC) reported as completed:

• 37637, 0, BR, Cherry Margarita 1X TFH, 
• for newbies: this is not a dry hole; BR generally reports "0" for an initial production number  for a DUC.
  
• the BR Cherry pad is tracked here.