One Well Coming Off Confidential List Today -- August 8, 2023

Locator: 45379B.

Reuters today: there seemed to be more interesting news than usual in Reuters daily morning newsletter but these two are particularly noteworthy:

• burping cows: compared to China adding two new coal plants every week for the foreseeable future, burping cows seem to be the least of our problems (if one is worried about manmade CO2; I'm not) but .... we now have cows that burp less -- from Reuters:
• when Canadian dairy farmer Ben Loewith's calves are born next spring, they will be among the first in the world to be bred with a specific environmental goal: burping less methane. 
• Loewith, a third-generation farmer in Lynden, Ontario, in June started artificially inseminating 107 cows and heifers with the first-to-market bull semen with a low-methane genetic trait.
• AI: "everyone" ("everyone" does not include me) says AI is hyped, is a bubble. Today, again from Reuters, so you know it has to be true: 
• Disney has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, even as Hollywood writers and actors battle to limit the industry's exploitation of the technology.
• I assume Bob Iger did this to get folks' attention off his real problems of the day.

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Back to the Bakken

WTI: $80.60. Down 1.6%; down $1.29.

Wednesday, August 9, 2023: 15 for the month; 217 for the quarter, 472 for the year

39456, conf, CLR, Edward 6-23H1,

Tuesday, August 8, 2023: 14 for the month; 216 for the quarter, 471 for the year

38946, conf, Hess, BW-Rolfson-151-98-2116H-13,

RBN Energy: Trans Mountain expansion faces more logistical challenges, part 2. Archived.

The 590-Mb/d Trans Mountain Expansion (TMX) project, which is inching closer to its planned early 2024 completion, has been one of the most eagerly anticipated energy infrastructure projects in recent Canadian memory. Preliminary tolls for shipping crude on the expanded pipeline system, submitted to the Canada Energy Regulator (CER) in June, are multiples higher than the tolls currently charged on the original 300-Mb/d Trans Mountain Pipeline (TMP), possibly undermining oil producers’ economics for shipping and exporting crude on the combined 890-Mb/d system. However, the higher tolls are not the only concern. Serious logistical challenges remain in the form of restricted tanker sizes, a circuitous route for ships traveling from the open ocean to the Westridge export terminal near Burnaby, BC, and even a very tight passage under two bridges, all of which will add costs and time for each exported barrel. In today’s RBN blog, we provide more details on the complexities surrounding crude oil exports via the Trans Mountain pipeline system.