Four Wells Coming Off Confidential List Today -- May 18, 2023

Locator: 44673B.

First things first: highly recommended -- the RBN Energy blog today. 

The Permian: based on lots and lots of very superficial research, the recent NOG news in the Permian, and the EIA chart below, suggests to me that the Permian is much bigger than "we" think. It is fortuitous and ironic that the play is located where it's located. 

Putin's war: most followed a/c over at FlightRadar24 right now:

These aircrews are racking up combat pay, hazardous duty pay, meritorious medals, flight hours, experience, TDY pay, by the bucketload. They earn every penny, every atta-boy. Putin has no idea -- or maybe he does -- how much the US is learning / gaining in this war. Priceless.

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Back to the Bakken

Active rigs: 34.

Peter Zeihan newsletter.

WTI: $72.74.

Natural gas: $2.388.

Friday, May 19, 2023: 30 for the month; 82 for the quarter, 337 for the year
37853, conf, Slawson, Genekat Federal 7-13-12TFH,

Thursday, May 18, 2023: 29 for the month; 81 for the quarter, 336 for the year
39286, conf, CLR, Smouse 8-28H,
39216, conf, SOGC (Sinclair), Grasslands Federal 14-15-4H
39182, conf, Ragnar, Danneskjold 1-21H,
38628, conf, Whiting, Kannianen Federal 11-4HU,

RBN Energy: TransWest Express shows challenges in building long-distance transmission, part 2. Archived.

At the time it was proposed way back in 2005, the TransWest Express Transmission Project seemed like a straightforward idea — bring renewable energy from Wyoming, then (and now) one of the country’s biggest producers of wind power, to help meet increasing customer demand for electricity in the Desert Southwest. And enabling renewable energy to get to market would seem to align with political trade winds. But while the project’s goals couldn’t have been clearer, its 18-year path to final approval illustrates the numerous hurdles faced by long-distance energy projects and the need for change if progress is to me made toward energy goals. In today’s RBN blog, we’ll look at TransWest’s long road to approval, the difficulties in getting new energy infrastructure built and the long-term repercussions of those delays, and some permitting-reform proposals that might shorten project timelines.

Permitting for infrastructure projects — from oil and gas pipelines to transmission lines and offshore wind farms — is a well-known problem with many contributing factors but no easy solutions. Almost everyone acknowledges the benefit of having interested parties and stakeholders weigh in on major proposals to build or expand energy infrastructure, and credible regulations and appropriate safeguards are essential. Still, the reality is that the permitting process for some important projects can drag on for years and prevent others from ever becoming a reality. We looked in detail at Mountain Valley Pipeline (MVP), the current poster child for permitting challenges, which still faces an uncertain future even though the company says construction is more than 90% complete.