Back to The Bakken -- Monday, November 7, 2022

Focus on fracking: link here.

• US gasoline supplies at an eight-year low;
• oil supplies at a 21-year low -- and President Biden, yesterday, vows "no more drilling"
• oil+products at a 17-year low -- and President Biden, yesterday, vows "more drilling" -- links everywehere

The Far Side: link here.

Active rigs: 41

WTI: $91.96.

Natural gas: $7.092

Monday, November 7, 2022: 13 for the month, 50 for the quarter, 495 for the year.
38833, conf, Hunt, Palermo-King 156-90-5-34H 1,
38382, conf, Oasis, Swenson Federal 5197 43-35 4B,
38336, conf, Oasis, Soto 5097 12-3 5B,
35717, conf, Enerplus, FB Leviathan 151-94-27A-34-17T,

Sunday, November 6, 2022: 9 for the month, 46 for the quarter, 491 for the year.
37847, conf, Whiting, Make 11-27-2HU,
35493, conf, Enerplus, FB Leviathan 151-94-27A-34-19T2,  

Saturday, November 5, 2022: 7 for the month, 44 for the quarter, 489 for the year.
38873, conf, Kraken, Nash 15-22 6H,
38520, conf, Whiting, Platt 44-28TFX,
38335, conf, Oasis, Soto 5097 12-3 4B,
35718, conf, Enerplus, FB Leviathan,

RBN Energy: outlook for Permian gross gas production vs processing capacity, part 3. Archived.

The crude-oil-driven Permian has been a hotbed of midstream development in recent years and that’s unlikely to change anytime soon. RBN estimates Permian gross gas production surpassed 22 Bcf/d last month and projects that, if unconstrained by infrastructure, it would grow by another 4 Bcf/d or so over the next couple of years. One determinant of that rate of growth is adequate capacity to process gross gas volumes. In today’s RBN blog, we conclude this series with an assessment of the timing of processing capacity additions in the basin vs. RBN’s Mid-case gross gas production forecast.