US economy: one word -- incredible. Despite the aggressive efforts by the Fed to slow inflation, the economy remains resilient.
This is exactly what Europe saw coming and what Europe saw coming over twenty years ago -- an energy-independent America.
- but it's more than that:
- not only is America energy dependent, it is now the #1 supplier of natural gas and crude oil to other countries; this needs to be fleshed out
- to what degree the Russian-Ukraine war is having on the global economy, the war is "background" noise and the real story is America's energy story; perhaps more on this later:
- I refer you to one of Peeter Zeihan's recent books
US economy: link here.
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Back to the Bakken
CLR: has changed names of two wells.
- 36164, loc, CLR, Fuller 9ND, Dunn County; was Fuller 9-2H1;
- 36163, loc, CLR, Fuller 10ND, Dunn County; was Fuller 10-2H
Active rigs: 41.
WTI: $77.41 (on the back of strong economic data; investors fear the Fed will remain hawkish)
Natural gas: $5.630
Five new permits, #39458 - #39462, inclusive:
- Operators: CLR (4); Enerplus;
- Fields: Little Knife (Dunn County); South Fork (Dunn County))
- Comments:
- Enerplus has a permit for a Checkered well, lot 4 section 4-148N-93W;
- to be sited 719 FNL and 644 FWL;
- CLR has permits for two Arthur wells and two Hegler wells; SWSW 12-146-97;
- to be sited 500 FSL and between 932 FWL and 1112 FWL
- the Arthur / Hegler wells are tracked here.
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