Inflation: Appears To Have Been "Temporary" After All, Pre-Market -- Already Starting To Surge? WTI Moves Up; Two Wells Coming Off Confidential List -- June 13, 2023

Locator: 44925B.

Temporary, after all? "S&P 500 futures gain as inflation levels slow to the lowest since early 2021." Depends on one's definition of "inflation" and one's definition of "temporary."

Link here.

Must-read today: RBN Energy below. It will be available for a few days before it goes behind a paywall.

The blog: wow, I just went over 45,000 stand-alone posts on the blog (plus I have no less than twelve other blogs, some public, some private). 

Tech: today I will have a stand-alone post on tech -- I finally figured out something -- I assume everyone else understands / understood the subject. I did not. I have a better feeling for this after studying a bit of this overnight. CPUs, GPUs, cores.

Next week, Monday: a reader, thank you, informed me that the markets would be closed for a federal holiday.

101 days of summer: day 17.

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Back to the Bakken

Active rigs: 38.

WTI: $68.61. Will move the oil sector today in a positive direction.

Wednesday, June 14, 2023: 31 for the month; 139 for the quarter, 394 for the year
39471, conf, Lime Rock Resources, Federal Kubik Trust 3-18-19H-143-95L,
39396, conf, Kraken, Wiseman 31-36-35-34 2H,
39215, conf, SOGC (Sinclair), Grasslands Federal 14-15-3H,

Tuesday, June 13, 2023: 28 for the month; 136 for the quarter, 391 for the year
39301, conf, CLR, Skachenko Federal 9-31H,
38925, conf, Lime Rock Resources, Scott 4-7-6H-143-95L,

RBN Energy: the "big three" of US LNG look too press their advantage, push more projects to FID. Archived.

Three new LNG export projects have reached a final investment decision (FID) in the past year or so — Venture Global’s Plaquemines LNG, Cheniere’s Corpus Christi Stage III expansion, and, most recently, Sempra’s Port Arthur LNG. What do these projects have in common? They are all being developed by companies that are already exporting North American LNG.

These companies are arguably the “Big Three” of U.S. LNG, with Cheniere the reigning king, at least for now. Not only do they all have at least one operating terminal and at least one under construction, but all three have multiple pre-FID projects under development, including some that are decently close to FID. With their proven track records and deep balance sheets, being one of the big guys is a definite advantage when it comes to getting a project across the finish line. With a total of 43.5 MMtpa (5.8 Bcf/d) of capacity currently under construction and more than 100 MMtpa (13.4 Bcf/d) under development by these three, is there even room for anybody else?

In today’s blog, we look at the pre-FID projects under development by the Big Three, starting with Sempra.