Locator: 44317B.
June 23, 2023: WTIBrent. Link here.
Virgin, bankrupt: link here, April 5, 2023, yesterday. And here, April 4, 2023.
Syria: rocked by Israeli rocket attack? Is Iran next? Link here. My thoughts exactly.
From oilprice.com, link here:
- note the GW capacity, China vs India:
China, US, and rare earths: before anyone gets too excited about the current headlines coming out of China, it would be wise to read Peter Zeihan's new book. Spoiler alert: "it's" not an issue.
- Peter Zeihan, The End Of The World Is Just The Beginning, published June 14, 2022.
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Global Population Projections
Projections: by 2100, from July 23, 2022:
- India: goes to #1
- Nigeria: goes to #2
- China: drops significantly; goes to #3
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Back to the Bakken
Active rigs: 45.
WTI: $80.79.
Natural gas: $2.150.
Peter Zeihan newsletter.
Friday, April 7, 2023: 16 for the month; 16 for the quarter, 271 for the year
38846, conf, Enerplus, Patch 149-93-05A-08H, these wells are tracked here;
38752, conf, Ovintiv, Clear Creek Federal 152-97-36-25-7H,
38874, conf, Iron Oil Operating, Antelope 6-31-30H,
37568, conf, Iron Oil Operating, Antelope 4-31-30H,
RBN Energy: proposed pipelines would land Permian natural gas on NG terminals' doorstep.
The Permian natural gas pipeline build-out is entering a new era. With numerous LNG terminals set to expand exports along the U.S. Gulf Coast through the end of this decade, the need to link Permian gas supply to those facilities has never been greater. While there have been three greenfield pipelines built out of the Permian in the last five years, with a fourth on the way in 2024, each has ended in the same general area west of Houston or farther south near Corpus Christi. However, market needs are shifting, with most of the next wave of LNG export capacity to be added east of Houston, closer to Beaumont and in southeastern Louisiana, and those facilities want access to Permian gas. As a result, we weren’t surprised this month when two new proposals to directly link gas from West Texas markets to those export terminals were announced. If built, Targa Resources’ Apex and WhiteWater Midstream’s Blackfin projects could significantly alter Texas gas markets and how Permian supplies move to their final destination. In today’s RBN blog, we look at the latest developments in Texas gas pipeline infrastructure.
RBN Energy: commodity pricing currents trigger significant regional shifts in 2023 E&P investment.
The pandemic-induced shackles on U.S. E&P capital spending were shattered by rising commodity prices in 2022, and total investment for the 42 producers we follow rose a dramatic 54% over 2021. But E&Ps haven’t abandoned the fiscal discipline or focus on cash-flow generation that allowed them to survive COVID-related demand destruction and resuscitate investor interest. Their 2023 capital budgets generally sustain the pace of Q4 2022 spending and reflect a modest 17% increase over full-year 2022. However, commodity price trends and changes in investment opportunities have resulted in significant shifts in the allocation of the total investment among the major U.S. unconventional plays. In today’s RBN blog, we’ll analyze 2023 capital spending, region by region.
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