TGIF -- One Well Coming Off Confidential List Today -- October 21, 2022

Finally, someone gets it. The most recent announcement -- it was planned from the very beginning, six months ago.

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Back to the Bakken

The Far Side: link here.

Active rigs: 43.

WTI: $84.63.

Natural gas: $5.048.

Wednesday, October 26, 2022: 31 for the month, 31 for the quarter, 476 for the year.
38783, conf, CLR, Bonneville 8-23H,

Tuesday, October 25, 2022: 30 for the month, 30 for the quarter, 475 for the year.
 None.

Monday, October 24, 2022: 30 for the month, 30 for the quarter, 475 for the year.
None.

Sunday, October 23, 2022: 30 for the month, 30 for the quarter, 475 for the year.
38602, conf, WPX, Samuel Packineau 8HA,

Saturday, October 22, 2022: 29 for the month, 29 for the quarter, 474 for the year.
38784, conf, CLR, Bonneville 9-23H,
38736, conf, WPX, Samuel Packineau 8HB,
38604, conf, WPX. Samuel Packineau 8HX,

Friday, October 21, 2022: 26 for the month, 26 for the quarter, 471 for the year.
38603, conf, WPX, Samuel Packineau 8HW,

RBN Energy: lessons from the RINs price spike of 2013 and why they still apply. 

Renewable Identification Numbers (RINs) are credits used to certify compliance with the Renewable Fuel Standard (RFS), which requires certain minimum volumes of biofuels to be blended into fuels sold in the U.S. There are many types of fuels covered by the RFS and so RIN credits come in different categories. One category, the D6 RIN, applies to the blending of corn-based ethanol into refined gasoline to make the gasoline-ethanol blends we pump into our cars, SUVs and pickups. In 2013, the D6 RIN price skyrocketed 100-fold in one of the most extreme cases of panic buying in any major commodity market in history. In today’s RBN blog, we examine that event and address three key questions: How did it happen, what was the solution, and why does it matter today?