Three Wells Coming Off Confidential List -- September 29, 2022

US oil: days of supply. Continues to extend / increase.

• latest: 26.9 days
• at end of August: 25.5 days

Usual disclaimers apply. 

California gasoline: link here. 

Buffett buys more OXY:

• Charles Kennedy: link here.
• social media: link here.
• open book test, essay question: is OXY a buy?

Abbreviated disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. Full disclaimer at tabbed link.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Blue ammonia: green energy?

• LOL.
• Saudi Arabia and UAE using the production process to extract ... more oil.
• Link here.

Florida:

• gasoline disruptions?

Messler, link here:

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Back to the Bakkeen

The Far Side: link here.

WTI: $82.02. Stalled out, and will drop after hurricane leaves Florida.

Natural gas: $7.043.

Active rigs: 46.

Friday, September 30, 2022: 56 for the month, 106 for the quarter, 445 for the year
38716, conf, Ovintiv, Calhoun 149-98-3-10-7H, Pembroke, see this post;
38334, conf, Oasis, Soto 5097 12-3 3B, Siverston;
37867, conf, Whiting, Maki 11-27HU,
36987, conf, Enerplus, Bass 149-94-36C-25H,
30924, conf, BR, Curtis 44-9 MBH,
30923, conf, BR, Curtis 44-9 TFH,

Thursday, September 29, 2022: 50 for the month, 100 for the quarter, 439 for the year
38717, conf, Ovintiv, Calhoun 149-98-3-10-14H, Pembroke, see this post;
37428, conf, Enerplus, Cutthroat 149-94-36C-25H-TF,
30925, conf, BR, Saddle Butte 44-9TFH,

RBN Energy: inflation reduction act's new methane charge takes aim at emissions, part 2.

The recently passed Inflation Reduction Act (IRA) offers a lot of incentives, mostly in the way of tax credits, to advance the Biden administration’s clean-energy initiatives and reduce greenhouse gas (GHG) emissions. There are inducements for everything from carbon capture and electric vehicles to renewable energy and hydrogen production, but very few penalties. One exception is included in the new law’s Methane Emissions Reduction Program (MERP), which features the federal government’s first-ever fee on the emissions of any GHG. In today’s RBN blog, we look at recent attempts to mitigate methane emissions, how the new methane charge will work, and how it could one day be replaced by new federal rules.