Locator: 44665B.
Lego: two new items arriving soon.
Putin's war: Ukraine takes out Russian "hypersonic" missiles. Link here.
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Back to the Bakken
Active rigs: 36 -- pretty amazing.
Peter Zeihan newsletter.
WTI: $70.87.
Natural gas: $2.415.
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,
39276, conf, Kraken, Sumner 12-13-24 6H,
38971, conf, Hess, GO-Aslakson-156-97-2734H-2,
RBN Energy: new DOE rule changes push LNG projects to move fast or get left behind.
The incredible growth in U.S. LNG export capacity over the past few years has been facilitated by a mostly predictable federal permitting process. It may sometimes be slower than developers like and leave them more open to pushback at the state and local level, but LNG export projects that enter the federal permitting process with both the Department of Energy (DOE) and the Federal Energy Regulatory Commission (FERC) are generally granted their authorizations and export licenses. And once they have them, they’ve been able to hold onto them — until now. Both FERC and the DOE had been granting extensions to these permits as their authorization windows were closing, meaning that projects that were authorized a decade ago and still not online have retained their authorizations and export licenses. But with a DOE rule change announced April 21, the era of repeatedly renewing authorizations appears to be over. The DOE is sending a clear message to LNG developers: Get your project across the finish line in a timely manner or get out of the way and make space for someone who can. In today’s RBN blog, we take a closer look at the DOE rule change and its impact on LNG projects currently under development.
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