2023: global oil demand could surge three to four million bopd next year. Alex Kimani.
- hint: watch for May 31, 2023
MNRL --> STR:
- the announcement, September 6, 2022: link here.
- completion of merger announced, December 29, 2022: link here.
- shares, exchange: link here;
Tax selling losses:
Jobs, BLS: link here.
Market after BLS report released: link here.
The Dow Jones Industrial Average rallied 300 points Thursday after initial unemployment claims data from the Labor Department exceeded estimates. And Tesla stock surged as Morgan Stanley reiterated an overweight rating with a reduced price target.
Weekly unemployment figures showed first-time claims rose to 225,000 vs. 216,000 in the previous week, higher than Econoday estimates for a rise to 222,000. Claims have been up and down in recent weeks, but generally trending lower since a mid-November high of 241,000.
Job market is still strong, link here.
Stocks rallied on Wall Street in afternoon trading Thursday as investors reviewed the latest government update showing that the labor market remains strong.
The S&P 500 rose 1.8% as of 1:46 p.m. Eastern. More than 95% of stocks within the benchmark index gained ground. It's the latest oscillation in what has been a volatile, holiday-shortened week for stocks.
The Dow Jones Industrial Average rose 376 points, or 1.1%, to 33,250 and the Nasdaq rose 2.6%.
Last week, the market went down because the job market was still strong. Whatever.
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Back to the Bakken
The Far Side: link here.
Active rigs: 45.
WTI: $77.64.
Natural gas: $4.442.
Friday, December 30, 2022:
37642, conf, Slawson, Genekat Federal 5-13-12TFH,
38956, conf, Ovintiv, Anderson Federal 152-96-9-4-13H,
38199, conf, Hess, EN-Rehak A-155-94-1423H-4,
37641, conf, Slawson, Genekat Federal 4-13-12TFH,
RBN Energy: EPA proposal brings third parties into fight against methane "super-emitters." Part 4.
The Biden administration’s first foray into reducing methane emissions from oil and gas operations, released in November 2021, promised to reduce emissions from hundreds of thousands of existing sites, expand and strengthen emission-reduction requirements, and encourage the use of new technologies. It was clear about one other thing too, namely that more was already in the works. And sure enough, the Environmental Protection Agency (EPA) recently followed up with a proposal that significantly broadens the initial plan. In today’s RBN blog we look at that supplemental proposal, its targeting of so-called “super-emitters,” and why third-party groups will play a bigger role in mitigating methane emissions in the years ahead.
We have written extensively about greenhouse gas (GHG) emissions over the past few years. Carbon dioxide (CO2) has often been the focus, but methane is also an important part of those discussions because it’s a particularly powerful GHG, with a Global Warming Potential (GWP) that is 25-36 times that of CO2 when normalized to a 100-year timeline. (And more than 80 times that of CO2 if normalized to a 20-year timeline.) A tricky part of the problem is that the actual level (and sources) of methane emissions can be hard to accurately identify and quantify, mostly because estimates can vary greatly depending on how they’re calculated.
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