CLR With Three New Permits; Enerplus Cancels Four Permits; BR Reports Another Completed DUC -- July 13, 2022

WTI; $96.30.

• having come up a bit off its low for the day, this suggests:
• recession worries were the initial reason for the price of oil dropping;
• now, the price of WTI is probably as much about the strength of the dollar as anything else
• it will be interesting to see how traders "see" Biden's trip to the mideast
  

Natural gas: $6.689

NDIC GIS map server: remains in-op.

Active rigs: 45 or thereabouts. NDIC repoorts 46 active rigs; at least one is SWD.

Three new permits, #39083 - #39085, inclusive:

• Operator: CLR
• Field: West Capa (Williams)
• Comments:
• CLR has permits for three Woodrow permits in SESW 32-155-96, 
• to be sited 365 FSL and between 1935 FWL and 2025 FWL

Four permits cancceled:

• Enerplus: four WM Brown permits, Williams County

One producing well (a DUC) reported as completed:

• BR, 0 (no typo; not unusual for BR), Outlaw Gap 34-23TFH,

Six dry holes reported:

• information pending
• obviously not "dry" in the sense that there is no oil there;
• we've discussed similar situations before
• scout tickets / file reports do not yet reflect this information;
  
• Oasis:
• 34133, dry, Borden Federal ...
• 34132, dry, Borden Federal ...
• 31654, dry, O M Erickson ...
• 35613, dry, A Johnson ....
• CLR:
• 37446, dry, Irgens Rexall ...
• 37292, dry, Irgens Rexall ...
  

Blogging Will Be Delayed And Inefficient Today -- July 13, 2022

Wow, I'm in a great mood. Another beautiful day.

On the way over to the pool it dawned on me that the states (here in America) that are not facing "grid" problems are producing electricity with coal.

Meanwhile, the largest, most important state in the lower 48 is getting a lot of attention with regard to "grid" failure is relying on wind. 

The French are paying $2,000 / MWh at "peak power contracts." Link here. 

By the way, I've never seen this discussed anywhere, but the renewable energy folks really, really had this all figured out. I first heard about the "scheme" when I attended a "lecture" at Harvard University's School of Business in Boston, MA, some years ago on off-shore wind development off the East Coast. It was quite a scheme. I saw through it immediately; I was surprised none of the students did, although one young woman who was very, very skeptical, was on the right track. Hint: what will the last barrel of oil cost?

Anyway, this bothers me not. 

I was out at the pool at 8:30. I would have been here earlier but I had a couple of errands to run.

My blogging will be inefficient today: I will be finishing one book today, and beginning the second book later.

Atmospheric CO2 -- July 13, 2022

You can fact-check me on this but in all the years I have posted monthly atmospheric CO2 data I've never had two consecutive months with no increase in atmospheric CO2. 

Atmospheric CO2 is seasonal and so one cannot compare consecutive months, but it is very rare to see this.

Link here.

Most recent data:

One month ago:

One year ago: