Four Wells Coming Off Confidential List -- March 7, 2023

Active rigs: 43.

Peter Zeihan newsletter.

WTI: $79.84.

Natural gas: $2.602.

Thursday, March 9, 2023: 34 for the month; 196 for the quarter, 196 for the year
39142, conf, SOGC (Sinclair), Hovden Federal 4-20H
39136, conf, CLR, Micahlucas 5-5HH,

Wednesday, March 8, 2023: 32 for the month; 194 for the quarter, 194 for the year
None.

Tuesday, March 7, 2023: 32 for the month; 194 for the quarter, 194 for the year
38750, conf, Ovintiv, Sorenson Federal 153-96-9-4-6HLW,
36480, conf, WPX, Skunk Creek 12-7-8-8H3A,
36479, conf, WPX, Skunk Creek 12-7-8-9HA,
30861, conf, BR, Cleetwood 11-27TFH-A,

RBN Energy: is New England headed for an electricity supply crisis? Archived.

New England’s aggressive effort to decarbonize is a tangled web. Over the past several years, the six-state region has replaced oil- and coal-fired power plants with natural gas-fired ones but most proposals to build new gas pipeline capacity have been rejected. It’s also made ambitious plans to add renewables — especially solar and offshore wind — to its power generation mix but many of the largest, most impactful projects have been delayed or canceled. And now there’s a big push to electrify space heating and transportation, which will significantly increase power demand, especially during the winter months, when New England’s electric grid is already skating on thin ice. In today’s RBN blog, we examine the region’s looming power supply challenges and how its energy transition plans may affect natural gas, LNG, heating oil and propane markets.