Tuesday, June 27, 2023

EU Gas Markets Descend Into Chaos (Remember: The Netherlands Officially Closing Groningen -- Traders Having A Field Day) -- Meanwhile The Texas Grid Holds -- In The Bakken, Seven DUCs Completed; Three New Permits -- June 27, 2023

Locator: 45811B.

Texas to NE ISO: thank you for all your thoughts and prayers; your prayers got "us" through another typical Texas day. The global warming gods were appeased.

ERCOT:

  • our apartment complex has two pools; I generally use the larger pool; today, the smaller pool; more shade;
  • it's so hot, no one apparently even wants to swim; not me; I've been out here "all afternoon";
  • 100°F right now, 6:07 p.m. CT; I don't know what the high was;
  • unaware of any grid failures, but I don't listen to / watch local news
  • wow, ERCOT supply / demand not even close to having problems; just checked;
  • 8,000 MW reserves yet in play
  • I won't look at the price; but "everybody" only cares whether the grid "holds."
  • 86°F is the highest it gets in the apartment; I won't turn on the a/c if I can swim to keep me cool;

Headline: European gas markets descend into chaos. I didn't click on the clickbait. It's over at oilprice. Let me guess: Groningen and Norway. [Later: Norway back in the game despite promises last year to go green. My hunch: behind closed doors, the EU begged Norway to bail them out.]

**********************
Back to the Bakken

Active rigs: 36.

WTI: ouch -- $67.93.

Three new permits, #40003 - #40005, inclusive:

  • Operator: Neptune Operating (I wonder who they are "working for"?)
  • Field: Elk (McKenzie)
  • Comments:
    • Neptune has permits for three Wahlstrom wells, lot 1 section 3-151-102; 
      • to be sited 303 FNL and between 634 FEL and 700 FEL

Seven producing wells (DUCs) reported as completed:

  • 39143, 307, Enerplus, LK Bice 147-96-6-31-6H-LL, Dunn County;
  • 39145, 113, Enerplus, LK Bice 147-96-6-31-2H, Dunn County;
  • 39147, 278, Enerplus, LK Bice 147-96-6-41-6H, Dunn County,
  • 38501, 2,885, MRO, Audreey 34-10H, Dunn County;
  • 39129, 204, Crescent Point Energy, CPEUSC Claire Rose 5-31-30-159N-99W-MBH, Williams;
  • 38168, 960, CLR, LCU Foster FIU 5-28H1, Williams,
  • 38169, 1,134, CLR, LCU Foster FIU 6-28H1, Williams,

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