Back To The Bakken; CLR: Full Speed Ahead, Damn The Torpedoes And Venezuela -- December 2, 2022

From yesterday, daily activity report:

Active rigs: 42.

Six new permits, #39447 - #39452, inclusive:

• Operator: CLR
• Field: Little Knife (Dunn)
• Comments:
• CLR has permits for six Edward wells, SESE 23-146-97, 
• to be sited 341 FSL - 343 FSL and between 357 FEL and 517 FEL
• existing, #20363, 668, CLR, Edward 1-23H, Little Knife, t2/12; cum 336K 9/22;
• plateaued early; maintained 1,500 bbls/month; nice well;
  

Three producing wells (DUCs) reported as completed:

• 34301, 5,580, XTO, Rough Federal 44X-23H, North Fork, minimal production reported;
• 34305, 5,787, XTO, Rough Federal 44X-23F, North Fork, minimal production reported;
• 38563, 3,659, Hess, GO-Haug-156-98-3031H-1, Wheelock, no production data;

Dry hole:

• 29088, dry/TA/PA, EOG, Van Hook 35-1319H, 
• was TA November 8, 2018 -- due to commodity prices
  

Today:

The Far Side: link here. 

WTI: $81.49.

Natural gas: $6.534.

Monday, December 5, 2022: 14 for the month, 123 for the quarter, 667 for the year.
38804, conf, Hunt, King 156-90-4-35H 3,
38799, conf, CLR, Medicine Hole 12-27H,
37961, conf, Enerplus, Waffle 151-94-16A-21H,
29286, conf, Slawson, Phatkat Federal 4-18-7TFH,

Sunday, December 4, 2022: 10 for the month, 119 for the quarter, 663 for the year.
38800, conf, CLR, Medicine Hole 13-27H1,
37962, conf, Enerplus, Sausage 151-94-16B-21H,
29283, conf, Slawson, Phatkat Federal 5-18-7TFH,

Saturday, December 3, 2022: 7 for the month, 116 for the quarter, 660 for the year.
38801, conf, CLR, Medicine Hole 15-27H,
29284, conf, Slawson, Vixen Federal 5-19-30TFH,

Friday, December 2, 2022: 5 for the month, 114 for the quarter, 658 for the year.
38802, conf, CLR, Medicine Hole 16-27HSL1,
37963, conf, Enerplus, Pancake 151-94-16B-21H,

RBN Energy: vehicle-to-grid technology could make EVs an asset to the power grid. Archived.This should be an interesting read. Ford's CEO recently said he was surprised by the public's huge endorsement, enthusiasm, excitement for its F-150 Lightning. Folks aren't buying it for towing.

The debate around the transition to electric vehicles (EVs) has often centered on the burden the shift will put on the power grid, both in terms of overall load and particularly peak load. Those concerns amplify risks to grid stability and sufficiency, the ability to meet summertime spikes in power demand, and the need to accommodate a growing share of power generation from renewable sources such as wind and solar. Now, the introduction of bidirectional charging and vehicle-to-grid (V2G) technology — both of which are just beginning to enter the conversation around EVs — is likely to make the discourse even more complicated and interesting. In today’s RBN blog, we explain the basics of V2G tech, some ways in which it could one day add strength and reliability to the power grid, and some barriers to wider adoption.

We first looked at EVs and their effect on the power grid in an earlier post laying out the basics about charging infrastructure and the challenges that wider EV adoption will pose for the California and Texas  energy and power markets. We looked at the sudden burst of attention that EVs have received this year, the impact  of higher gasoline pricees on the EV market, and how the Inflation Reduction Act (IRA) is incentivizing automakers to make more EVs in the U.S.

One of the hottest EVs in the market today is the Ford F-150 Lightning, the iconic brand’s first all-electric pickup. Ford said it planned to produce 40,000 vehicles/year when it was unveiled in May 2021 but boosted that target to 150,000/year less than a year later. Ford has said that demand was two to three times more than expected and that it already had reservations for more than 200,000 vehicles. And it’s not hard to see why even die-hard truck-lovers are signing up. The base model’s 426-horsepower output is more than a top-of-the-line 3500 Ram, Silverado, or F-350. It has a reported range of 320 miles — more than enough to comfortably drive from Dallas to Houston — alleviating some of the range anxiety. And, as we’ll get to later, for areas where backup power generation is highly sought after due to natural disasters, the Lightning’s bidirectional capability could be a lifesaver.

Ford: down 30% this past year (full year).

Devon: up almost 70% this past year (full year). Start here. August 7, 2021.

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.