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.

• worst day since December on quarterly miss;

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