Today's number, jobless report: yawn --
- initial claims: up 29,000 week-over-week; not statistically significant
- continuing claims: up 15,000; not statistically significant
Jobs report: pending. This was last week:
Rivian: confirms production of 7,363 electric pickups and SUVs in 3Q22, a significant ramp. Tesla pickups? None. Nada. Zero. Zilch.
NOG: announces closing of the Midland deal.
Russian oil: as predicted. It was just a matter of time. Link here.
The Permian, link here.
Diesel: I mentioned this earlier. Gasoline is not the issue; it's diesel. Heavy oil. Canadian oil. Keystone XL. Canceled. On his first day in office. Link here. From the Reuteers oil analyst.
CVX, DVN: link to a SeekingAlpha contributor.
Abbreviated disclaimer: this is not an investment
site. Do not make any investment, financial, job, career, travel, or
relationship decisions based on what you read here or think you may have
read here. Full disclaimer at tabbed link.
All my posts are done quickly:
there will be content and typographical errors. If anything on any of
my posts is important to you, go to the source. If/when I find
typographical / content errors, I will correct them.
DVN, link here.
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Back to the Bakken
The Far Side: link here.
Active rigs: 44.
WTI: $87.63 -- unable to hold above $88.
Natural gas: just under $7.00
Friday, October 7, 2022: 15 for the month, 15 for the quarter, 460 for the year
38820, conf, Crescent Point Energy, CPEUSC Defrance 5-12-1-158N-100W-MMBH,
36991, conf, Enerplus, Minnow 149-94-36C-25H,
35626, conf, Bowline Lee 151-101-8-5-4H,
Thursday, October 6, 2022: 12 for the month, 12 for the quarter, 457 for the year
38807,
conf,
Crescent Point Energy, CPEUSC Fantuz 5-13-24-158NN-100W-MBH,
RBN Energy: Alberta ramping up efforts to produce lithium from oil and gas well brine.
Lithium is in high demand worldwide for the production of
rechargeable batteries used in the rapidly expanding electric vehicle
(EV) and utility-scale energy storage markets, as well as a plethora of
everyday mobile devices. The problem is, there are relatively few places
on the planet that offer rock formations or naturally occurring
underground brine reservoirs conducive to the economic production of
lithium — and even there the concentrations of lithium in the rock and
brine are measured in parts per million. Now, a handful of companies in
Alberta and elsewhere are exploring the potential for “direct lithium
extraction” from oil and gas well brine, an alternative technique that
some view as a potential breakthrough. In today’s RBN blog, we discuss
the promise — and potential pitfalls — of lithium production from oil
and gas brine.
They seem to be with us wherever we go — or don’t go — these days.
Our digitized, wireless and cordless world has produced billions of
devices in the form of smartphones, laptops, tablets, drills, grass
trimmers, lawn mowers and, yes, even EVs, all of which are becoming so
commonplace that we do not even seem to notice them anymore. You might
be able to quickly come up with at least a couple of dozen other
examples, but they all have something in common: rechargeable batteries
that allow them to be used on the go without the fuss of being
constantly plugged into an electric outlet or relying on a
hydrocarbon-based fuel as part of an internal-combustion process. Also,
utility-scale energy storage has been catching on in a big way — it
involves series of massive, rechargeable batteries that sock away
(mostly) renewable energy for use when demand peaks.
