Texas Power Adds 1.1 GW Of New Energy To Grid -- More Gas Turbines Outside Houston; Governor Taking Care Of Business -- April 4, 2023

Locator: 44307B.

API weekly data:

• if corroborated by EIA data tomorrow, Katie, bar the doors! [Later: EIA data corroborated but price remained unchanged.]
• link here;

Ford: outsold by GM. Link here. At the blog.

Texas power: nearly 1.1 GW of new capacity starts up in Texas power market in March, 2023. S&P Global.

• includes 199-MW gas plant near Houston
• Brotman Power Station in Brazoria County
• WattBridge Energy building six 60.5 MW gas turbines at the Brotman site
• totaling 363 MW and an estimated cost of $350 million
•  about $1 million / MW
• interconnection queue loses 2.2 GW
• another 855.2 MW of solar neared commercial operation
• battery storage surging: see article for details

Breathlessly reported by media: California grid needs $9.3 billion in upgrades for shift to renewable energy;

• OMG
• $10 billion
• but then we learn, that's over 10 years; link here;
• "they" never report the denominator;
• $10 billion over 10 years = $1 billion / year;
• California annual budget:
• 2023 - 2024
• $296.9 billion
• $1 billion / $296.9 billion = 0.33%
• $10 billion / $296.9 = 3.4%
• $1 billion per capita: $1 billion / 40 million = $25 / person
• but much of that dollar requirement would come from federal government; bonds.
• a lot of the upgrades would benefit all energy infrastructure, not just renewable energy.

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Back to the Bakken

Active rigs: 45.

WTI: $81.12.

Natural gas: $2.104.

One new permits, #39788:

• Operator: Liberty Resources
• Field: Gros Ventre (Burke)
• Comments:
• Liberty Resources has a permit to drill an Oliver E well, NWNE 20-159-93; 
• to be sited 335 FNL and 1786 FEL

Eight producing wells (DUCs) reported as completed:

• 38742, 1,448, Ovintiv, Sorenson Federal 153-96-9-4-10H,
• 35932, 2,368, XTO, Hovet Federal 31X-29G,
• 38811, 480, Crescent Point Energy, CPEUSC DeFrance 3-12-1-158N-100W-MBH,
• 39263, 1,807, Grayson Mill, Field 18-19F 5H,
• 36999, 976, CLR, LCU Reckitt Federal 8-22H,
• 37000, 1,148, CLR, LCU Reckitt Federal 7-22H1,
• 37001, 921, CLR, LCU Reckitt Federal 6-22H,
• 37002, 490, CLR, LCU Reckitt Federal 5-22H1,