One Well Coming Off Confidential List Today -- Thursday, October 6, 2022

Today's number, jobless report: yawn --

• initial claims: up 29,000 week-over-week; not statistically significant 
• continuing claims: up 15,000; not statistically significant

Jobs report: pending. This was last week:

Rivian: confirms production of 7,363 electric pickups and SUVs in 3Q22, a significant ramp. Tesla pickups? None. Nada. Zero. Zilch. 

NOG: announces closing of the Midland deal.

Russian oil: as predicted. It was just a matter of time. Link here.

The Permian, link here.

Diesel: I mentioned this earlier. Gasoline is not the issue; it's diesel. Heavy oil. Canadian oil. Keystone XL. Canceled. On his first day in office. Link here. From the Reuteers oil analyst.

CVX, DVN: link to a SeekingAlpha contributor.

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.

DVN, link here.

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Back to the Bakken

The Far Side: link here.

Active rigs: 44.

WTI: $87.63 -- unable to hold above $88.

Natural gas: just under $7.00

Friday, October 7, 2022: 15 for the month, 15 for the quarter, 460 for the year
38820, conf, Crescent Point Energy, CPEUSC Defrance 5-12-1-158N-100W-MMBH,
36991, conf, Enerplus, Minnow 149-94-36C-25H,
35626, conf, Bowline Lee 151-101-8-5-4H,

Thursday, October 6, 2022: 12 for the month, 12 for the quarter, 457 for the year
38807, conf, Crescent Point Energy, CPEUSC Fantuz 5-13-24-158NN-100W-MBH,

RBN Energy: Alberta ramping up efforts to produce lithium from oil and gas well brine. 

Lithium is in high demand worldwide for the production of rechargeable batteries used in the rapidly expanding electric vehicle (EV) and utility-scale energy storage markets, as well as a plethora of everyday mobile devices. The problem is, there are relatively few places on the planet that offer rock formations or naturally occurring underground brine reservoirs conducive to the economic production of lithium — and even there the concentrations of lithium in the rock and brine are measured in parts per million. Now, a handful of companies in Alberta and elsewhere are exploring the potential for “direct lithium extraction” from oil and gas well brine, an alternative technique that some view as a potential breakthrough. In today’s RBN blog, we discuss the promise — and potential pitfalls — of lithium production from oil and gas brine.

They seem to be with us wherever we go — or don’t go — these days. Our digitized, wireless and cordless world has produced billions of devices in the form of smartphones, laptops, tablets, drills, grass trimmers, lawn mowers and, yes, even EVs, all of which are becoming so commonplace that we do not even seem to notice them anymore. You might be able to quickly come up with at least a couple of dozen other examples, but they all have something in common: rechargeable batteries that allow them to be used on the go without the fuss of being constantly plugged into an electric outlet or relying on a hydrocarbon-based fuel as part of an internal-combustion process. Also, utility-scale energy storage has been catching on in a big way — it involves series of massive, rechargeable batteries that sock away (mostly) renewable energy for use when demand peaks.