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Wednesday, December 14, 2022

East Coast / West Coast -- EV Overnight Charging -- A Disaster -- Is Anyone Paying Attention -- The Mainstream Media Ignores It --December 14, 2022

ISO NE: link here -- $360 / mWh -- overnight -- EV charging a disaster

ISO CA
: link here -- -- $390 / mWh -- overnight -- EV charging a disaster --  from RBN Energy below

Last week, even as natural gas day-ahead prices went negative in the Permian’s Waha Hub in West Texas, spot prices at northern California’s PG&E Citygate last week traded at a record-smashing $55/MMBtu, according to the NGI Daily Gas Price Index — close to 100x the Waha price.

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Back to the Bakken

The Far Side: link here.

Active rigs: 42.

WTI: $76.00.

Natural gas: $6.635.

Thursday, December 15, 2022: 37 for the month, 146 for the quarter, 690 for the year.
38938, conf, CLR, Roxy 6-31H,
38931, conf, Slawson, Lunker Federal 5-33-4TFH,
38214, conf, WPX, Two Shields Butte 13-21 10H,

Wednesday, December 14, 2022: 34 for the month, 143 for the quarter, 687 for the year.
38930, conf, Slawson, Lunker Federal 4-33-4TFH,
38863, conf, Sinclair, Hovden Federal 3-20H,
36899, conf, Bowline/Nine Point, Shaffer 155-102-27-22-7H,
35527, conf, WPX Energy, Two Shields Butte 13-21-32-16H3U,

RBN Energy: natural gas blowouts signal worsening westbound supply constraints. Archived.

Last week, even as natural gas day-ahead prices went negative in the Permian’s Waha Hub in West Texas, spot prices at northern California’s PG&E Citygate last week traded at a record-smashing $55/MMBtu, according to the NGI Daily Gas Price Index — close to 100x the Waha price.
Other hubs west of the Continental Divide also surged to record levels, while markets just east and north of there were largely unruffled — a sure sign of bottlenecks for moving gas into West Coast markets. This is just the latest instance of severe gas supply shortages and constraint-driven price disruptions out West in recent years (even ignoring Winter Storm Uri and the Deep Freeze of February 2021). Moreover, it’s arguably taking progressively more benign market events to trigger similar or worse shortages. What’s going on? In today’s RBN blog, we break down the factors driving the latest Western U.S. gas price spikes.

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