The Far Side: link here.
Active rigs: 42.
WTI: $77.33.
Natural gas: $6.409.
Friday, December 16, 2022: 40 for the month, 149 for the quarter, 693 for the year.
38932, conf, Slawson, Lunker Federal 3-33-4H,
36900, conf, Bowline/Nine Point, Shaffer 155-102-27-22-6H,
36178, conf, BR, Geeorge 2D TFH,
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,
RBN Energy: the refining sector's volatility isn't over. It's just beginning. Archived.
It could be argued that no sector in the energy industry has seen more uncertainty the past three years than refining. In rapid succession, it experienced a historic collapse in demand, a shaky recovery, a run-up in crude oil and other feedstock prices, the disruption in Russian supply, and the wrath of the public and politicians alike when gasoline and diesel prices rocketed higher earlier this year. Prices at the pump may have sagged in recent months, but don’t think for a second that refining has reverted to anything resembling stability and normalcy — refiners still face a host of challenges and unknowns. For starters, what’s ahead for crack spreads, which have been spiking up and down lately? How quickly will electric vehicles (EVs) undermine demand for traditional motor fuels? And what about renewable diesel? New environmental regulations? More refinery closures? In today’s RBN blog, we look at the long list of challenges domestic and international refiners will face through the rest of the 2020s.
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