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Wednesday, November 9, 2022

Active Rigs In The Bakken: 38. EVs -- It's Going To Be A Hard Slog; WTI Slides -- Is The War Over? November 9, 2022

US: in the midst of its greatest period of industrialization since WWII -- Peter Zeihan

  • watch the four-minute video at the link;
  • his thesis, reiterated;
  • open-book test for investors?

War is over? The oil markets think so

Lucid: links here, here, and here.

Rivian: shares jumped after-hours;

  • For the quarter Rivian reported revenue of $536 million, missing estimates of $561.1 million, and reported an adjusted EPS loss of $1.57 a share, smaller than the expected loss of $1.86.

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Back to the Bakken

Active rigs: 38.

WTI: the war is over? WTI is down almost 3.5%; down over $3; trading at $85.83.

  • Louisiana light: similarly down over 3%; down $3.00 trading at $92.30;

Natural gas: $5.865.

Three new permit,s, #39396 - #39398, inclusive:

  • Operator: Kraken
  • Field: Hebron (Williams)
  • Comment: 
    • Kraken has permit for three Wiseman wells, lot 8 section 31-155-103; 
      • to be sited between 2548 FNL and 2614 FNL and all three 345 FEL

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