EIA To Post Missing Data After Market Close Today — July 7, 2022

EIA:

• Link here: https://twitter.com/EIAgov/status/1545003075768881154.

• The release contains gasoline demand and price data for the three weeks leading up to the July 4th weekend.
• Something smells in Denmark.

Silver, gold: rare buying opportunity? 

• Grapevine, TX, coin show scheduled for July 15, 2022. Can hardly wait. 
• I have not bought any coins in the past twelve months or so due to incredibly high prices.
  

Covid, USA, link here:

• most recent "surge" was pretty much a non-story; has peaked; turning down
• it's very, very subtle but the numbers of active cases are decreasing in:
• Florida, California, and Illinois
• the number of active cases are still rising ever so slightly in Texas
• the number of active cases started to decrease in New York but are now starting to rise again

Golf: Genesis Scottish Open in full swing. 

• American Cameron Tringale -- say who -- 8 under; leads by three; five birdies in a row.
• FedEx championship: ranked 37th 
• everybody and his brother appears to be in the tournament except ..... Phil, Bryson, Sergio
• Rory not there either; in big scheme of things, "everybody and his brother" seems to exclude all the big names in the PGA
  

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Back to the Bakken

Far Side: link here.

WTI: $99.60.

Active rigs: 45 or thereabouts.

Thursday, July 7, 2022: 8 for the month, 8 for the quarter, 347 for the year

• 38631, conf, Lime Rock Resources, Jon R 16-22-3TFH, 
• 38244, conf, Ovintiv, Kramer 150-97-18-19-3H,   

RBN Energy: ongoing consolidation streamlines the Permian's midstream networks.

Increasing scale. Improving efficiency. Expanding into a fast-growing production area. These are only a few of the many reasons that midstream consolidation has remained an ongoing phenomenon in U.S. oil and gas basins — nowhere more so than in the Permian. The slew of acquisitions, mergers and joint ventures announced in the past couple of years is resulting not only in more concentrated ownership of midstream assets in West Texas and southeastern New Mexico, but in large, smooth-running systems for gathering, treating and processing hydrocarbons and transporting them to market. In other words, in magnificent molecule-moving machines. With today’s RBN blog, we begin a short series on the latest round of midstream M&A activity in the U.S.’s hottest production area.