Three Wells Coming Off Confidential List Today -- October 4, 2022

Loretta Lynn: dies at age 90. 

Ukraine: from Reuters this morning --

• Ukrainian forces have broken through Russian defenses in the south of the country while expanding their rapid offensive in the east, seizing back more territory in areas annexed by Russia and threatening its troops' supply lines. 
• swamped by panic-stricken requests for help to avoid being drafted, Russian lawyers say they are working flat out to offer advice to those at risk of being sent to fight in Ukraine.

Investing: it is incredibly difficult to stick to my investing allocation with oil doing what it's doing.

Shell: frustrated CEO? I think so. Shell, BP, et al trying to go green, and China is eating their lunch. The fact that the CEO of Shell even talks about this speaks volumes about Shell's strategy. Go woke, go broke. Link here. Greta can't be happy, though I doubt she cares much -- now living off her royalties.

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Back to the Bakken

The Far Side: link here.

Active rigs: 45.

WTI: $84.10. Held overnight.

Natural gas: $6.387. To say the least, this is most perplexing but it confirms what I've always thought -- operators can bring natural gas quickly to the market.

Wednesday, October 5, 2022: 11 for the month, 11 for the quarter, 456 for the year

38806, conf, Crescent Point Energy, CPEUSC Defrance 6-12-1-158N-100W-MBH,
36990, conf, Enerplus, Moray 149-94-36C-25H-TF,
35625, conf, Bowline, Lee 151-101-8-5-13H,

Tuesday, October 4, 2022: 8 for the month, 8 for the quarter, 453 for the year
38805, conf, Crescent Point Energy, CPEUSC Fantuz 6-13-24-158N-100W-MBH-LL,
36989, conf, Enerplus, Shad 149-94-36C-25H,
32123, conf, Whiting, Niemitalo 31-15-3XH,

RBN Energy: as interest in EVs spikes, revised tax credit boosts plan for US production, part 3. Archived.

By all appearances, the momentum behind electric vehicles (EVs) has done nothing but increase over the last year, boosted by higher gasoline prices and federal legislation intended to speed the pace of EV adoption. 

But the transportation sector's transition to electric power and away from the internal-combustion engine (ICE) won't be easy, and may take a lot longer than many expect or hope, due in part to the significant challenges in finding the hard-to-come-by metals and other materials needed for EV production. In today’s RBN blog, we look at the continuing focus on EVs, China’s current dominance in the global market, and how the newly passed Inflation Reduction Act (IRA) is boosting plans to make EV batteries in the U.S.