One Well Coming Off Confidential List Today -- June 6, 2023

Locator: 44848B.

The two big stories today:

• OPEC+ is really, really in a world of hurt.
• Apple's headset.

OPEC+: this will get a lot of attention on the blog today if I don't run out of time.

Apple's headset: I have no interest in posting this story. Blogging about the headset will be minimal and will be for the archives only. 

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101 Days Of Summer

Day 10.

Beautiful biking weather. On a scale of 1 - 10, a twelve (12).

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Back to the Bakken

Active rigs: 36 or thereabouts.

WTI: $70.66.

Natural gas: $2.184

Peter Zeihan newsletter. E-mail campaign archive. Mark Perry: Carpe Diem.

Wednesday, June 7, 2023: 18 for the month; 128 for the quarter, 383 for the year
39245, conf, CLR, Skachenko FIU 7-31H,
36563, conf, Formentera Operations, LIG2 02-04-162-91E,
36562, conf, Formentera Operations, LIG2 02-04-162-91B,
36561, conf, Formentera Operations, LIG2 02-04-162-91F,
36560, conf, Formentera Operations, LIG2 02-04-162-91G,
33903, conf, Slawson, Mole 2-20H,

Tuesday, June 6, 2023: 12 for the month; 122 for the quarter, 377 for the year
33901, conf, Slawson, Mole 1 SLH,

RBN Energy: could the Fiscal Responsibility Act end Mountain Valley Pipeline's troubles?

The recent drama related to the U.S. debt ceiling may have illustrated the chaos that polarization has brought to Washington, but it showed one other thing as well: there’s an appetite for federal permitting reform from Democrats and Republicans alike.

The Fiscal Responsibility Act (FRA), signed into law Saturday by President Biden, addressed some immediate priorities — including changes to the review process under the National Environmental Policy Act (NEPA) — but its mandate to expedite completion of the long-delayed Mountain Valley Pipeline (MVP) caught many of the project’s supporters and critics by surprise. In today’s RBN blog, we look at the permitting issues that have kept MVP in regulatory limbo and how the FRA is designed to overcome them and bring the project back to life.

Concerns about energy infrastructure permitting have pervaded public policy for at least a decade, on both sides of the political aisle. On one side, concern over things like new power transmission for renewable energy sources has been dominant, while on the other side concern over new natural gas pipeline infrastructure like MVP has been center stage.

The whole debate over permitting reached a fever pitch as both Congress and the Biden administration became deeply concerned over reliability and national security in our energy mix following events such as the Winter Storm Uri Texas blackout.