No Wells Coming Off Confidential List Today -- Thursday, April 13, 2023

Locator: 44380B.

The Fed considers a pause.

The market seems not to care. JPow writes that the "banking crisis" will push the US into recession later this year. Let's look at context. Link here.

US market open: traders agree -- the Fed will pause.

China crude oil imports: link here.

COP: flips the script on US shale.

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Back to the Bakken

Active rigs: 44.

Peter Zeihan newsletter.

WTI: $83.00

Natural gas: $2.123.

Friday, April 14, 2023: 28 for the month; 28 for the quarter, 283 for the year
38560, conf, Hess, GO-HAUG-156-98-3031H-5,
38559, conf, Hess, GO-HAUG-156-98-1918H-5,

Thursday, April 13, 2023: 26 for the month; 26 for the quarter, 281 for the year
None.

RBN Energy: with methane emissions, solutions can be as tricky to pin down as the problem itself.

By now, just about everyone is aware of and has been impacted by efforts to reduce greenhouse gas (GHG) emissions — and methane especially — as a way of meeting global climate goals, but that doesn’t mean everyone is on the same page. The energy industry is a leading source of methane emissions in the U.S., but with nearly 1 million active wells across the country and not much common ground on the actual scope of methane emissions and how best to reduce them, finding a path forward without overburdening the sector and its customers is more than a little tricky.

Discussions around the ongoing energy transition often focus on the need to control and then reduce the volume of GHGs emitted into the atmosphere. And while carbon dioxide (CO₂), the most prevalent GHG, often gets the most attention, methane is especially problematic. It is the primary constituent in pipeline natural gas and also a particularly potent GHG, with a Global Warming Potential (GWP) that is 25-36 times that of CO₂ if normalized to a 100-year timeline. But methane emissions are neutralized in the atmosphere at a much quicker pace, meaning that their initial GWP is much higher, more like 86 times that of CO₂ if normalized to a 20-year timeline. That means that making even modest reductions in unburned methane emissions is an important step in plans to blunt the long-term effects of man-made climate change.