Could NG Drop Below $2? WTI Drops Below $76 -- WMB Beats; A Slew Of Wells Coming Off Confidential List -- February 21, 2023

WMB: link here. 

WMT: link here. WMT increased its quarterly dividend by one cent, from 56 cents to 57 cents, q/q and y/y.

PARA: link here.

Tesla: just another car company.

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Back to the Bakken

Active rigs: 46.

Peter Zeihan newsletter. 

WTI: $75.97.

Natural gas: $2.126.

Tuesday, February 21, 2023: 59 for the month; 130 for the quarter, 130 for the year
39094, conf, Kraken, Elias 21-16-9 2H,
37418, conf, Petro-Hunt, Powell 159-93-31C-30-3H,

Monday, February 20, 2023: 57 for the month; 128 for the quarter, 128 for the year
39093, conf, Kraken, Lyman 20-17-8 4H,
38681, conf, Whiting, LBJ 24-14HU,
37419, conf, Petro-Hunt, Blikre 158-93-6B-7-2H,

Sunday, February 19, 2023: 54 for the month; 125 for the quarter, 125 for the year
39092, conf, Kraken, Lyman 20-17-8 3H,
37420, conf, Petro-Hunt, Powell 159-93-31C-30-2H,

Saturday, February 18, 2023: 52 for the month; 123 for the quarter, 123 for the year
38884, conf, WPX, Palo Pinto 20-17A,
38429, conf, Whiting, Nesheim 11-24H,
38414, conf, Liberty Resources, AZ W 158-93-13-24-3MBH,
38038, conf, Petroshale, Tahu 4TFH,
38037, conf, Petroshale, Tahu 2TF2H,
38035, conf, Petroshale, Tahu 3MBH,
38034, conf, Petroshale, Tahu 3TFH,
38033, conf, Petroshale, Tahu 2MBH,
37421, conf, Petro-Hunt, Blikre 158-93-6B-7-1HS, 

RBN Energy: Uinta Basin's waxy crude is on a roll. Archived. The Uinta is tracked here.

Times are good indeed in the Uinta Basin in northeastern Utah, where one of the world’s most unusual — and, in many ways, most desirable — crude oils is being produced with increasing efficiency and in fast-rising volumes.

Yes, production of the Uinta’s trademark waxy crude is up by more than 50% in the past year and a half, to record-shattering levels, and demand for the dense, slippery hydrocarbon, with its minimal sulfur content, next-to-no impurities and favorable medium-to-high API numbers, is up too.

Waxy crude may be a pain in the butt to transport and store — it needs to be kept warm to remain in a liquid state — but it is a staple at the five refineries in nearby Salt Lake City, and at least a handful of Gulf Coast refineries want as much of the stuff as they can get their hands on because of its desirable qualities. But without infrastructure enhancements, there may be limits to how much Uinta production can grow from here, as we discuss in today’s RBN blog.