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Back to the Bakken
The Far Side: link here.
WTI: $80.94
Natural gas: $6.138.
Active rigs: 40.
Sunday, November 20, 2022: 34 for the month, 71 for the quarter, 616 for the year.
38876, conf, CLR, Nebula SWD,
38788, conf, CLR, Medicine Hole 10-27H,
37957, conf, CLR, Brangus FIU 2-11H,
Saturday, November 19, 2022: 32 for the month, 69 for the quarter, 614 for the year.
38789, conf, CLR, Medicine Hole 11-27H1,
37958, conf, CLR, Charolais South Federal 16-10HSL1,
None.
RBN Energy: the steady march higher for octane prices driven by demand, tighter supplies.
While we’ve seen up-and-down spikes in stock market indices, cryptocurrency values and the prices of crude oil and motor fuel in recent years, the price of one important commodity has been quietly but relentlessly rocketing higher — octane, the primary yardstick of gasoline quality and price. The steady rise in octane prices is tied in part to the fundamental change in how octane is valued, with the retail market now being impacted more by demand than production costs. In today’s RBN blog, we look at why octane prices have climbed over the past decade and what market factors are limiting its supply.
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