Back In A Jiffy -- Taking Sophia To The Bus Stop -- December 21, 2022

Home sales, link here:

Did ya'll see this? 

SPR: link here. Perhaps more on this later.

WTI: $77.77. Up over 2%; up $1.63.

Good news for some, link here.

PFE:

Missing elephant in this room: see if you can spot the missing elephant in this story -- link here.

Sanctions: D5S sanctions on Russia working beyond all expectations. Link to Charles Kennedy, the best contributor over at oilprice.com. XOM steers clear of Russian tankers. Also here:

Exxon Is Avoiding Tankers That Previously Transported Russian Oil.

Shell Plc made a similar move for shipments from December 1, 2022. Move pressures owners to choose between Russia, non-Russia.

Sanctions: link here.

Sanction, link here:

Market cap: by the way, XOM's market cap now exceeds that of TSLA's.

• XOM: $439.5 billion.
• TSLA: $421.79 billion.

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Back to the Bakken

The far side: link here.

Active rigs: 44.

WTI: $77.77.

Natural gas: $5.392.

Thursday, December 22, 2022: 58 for the month, 167 for the quarter, 711 for the year.
38986, conf, CLR, Kiefel 3-36H,
37892, conf, Enerplus, Brass 147-93-17B-20H,
37699, conf, BR, Ole 5-1-29TFH, 

Wednesday, December 21, 2022: 55 for the month, 164 for the quarter, 708 for the year.
37893, conf, Enerplus, Tin 147-93-17B-20H,

RBN Energy: timing is everything for Gulf Coast producers, LNG offtakers, part 2. Archived.

As U.S. LNG export project development accelerates along the Gulf Coast, one of the big uncertainties is where will all that feedgas come from? We estimate that there are a dozen Gulf Coast projects totaling 16 Bcf/d of export capacity in the running for completion in the next decade, with 60% of that capacity sited along a less-than-100-mile stretch of coastline straddling the Texas-Louisiana border.

One of the major factors that will influence the timing and commercialization of the projects is the availability of feedgas supply where and when it is needed. With pipeline projects and production growth in the Marcellus/Utica shales at a veritable standstill, the Texas and Louisiana production regions — the Permian, Eagle Ford and Haynesville — are the frontrunners for serving the bulk of the resulting Gulf Coast demand growth. Assuming no midstream constraints, RBN’s Mid-case production forecast anticipates growth from the three basins will total 15.5 Bcf/d by 2032. In today’s RBN blog, we look at how well (or not) production levels will line up with feedgas demand.