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Tuesday, September 19, 2023

New Developments In Bakken Crude Oil Production and Dakota Access Pipeline Drama -- RBN Energy -- September 19, 2023

Locator: 45500B.

Can't top $91: Barron's, September 19, 2023. Link here.

It's a fool's errand to predict the price of oil.

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Back to the Bakken

WTI: $92.64.

Wednesday, September 20, 2023: 99 for the month; 301 for the quarter, 546 for the year
39557, conf, CLR, Fuller 10-2H,
37262, conf, Whiting, Wilson Federal 31-15H,

Tuesday, September 19, 2023: 97 for the month; 299 for the quarter, 544 for the year
39558, conf, CLR, Fuller 11-2H1,
34033, conf, Formentera Operations, FLX3 21-16 163-91-B,
34026, conf, Formentera Operations, FLX5 27-34 163-91D,
34025, conf, Formentera Operations, FLX5 27-34 163-91 B,
21535, conf, Formentera Operations, Tafelmeyer C-3625-6490,

RBN Energy: potential project cancellations highlight difficulties for offshore wind.

It’s no secret that the past several months have been challenging for the wind power industry, especially when it comes to offshore projects. Major developers have sought to renegotiate power-purchase agreements (PPAs) signed years ago, delayed work on some projects, and walked away from others, despite severe financial repercussions in some cases. On top of all that, only one of three offshore tracts available in the U.S.’s first Gulf of Mexico lease auction for wind power attracted any bids. It all amounts to a major setback in the Biden administration’s goal for the nation’s electricity to be 100% carbon-free by 2035. In today’s RBN blog, we look at the significant challenges being faced by wind power developers, what they mean for the projects currently under development, and some changes that could eventually help bring more of the renewable power online.

Also, early release: new developments in Bakken crude oil production and DAPL drama. Archived.

A draft environmental impact statement (DEIS) tied to a key water crossing along the Dakota Access Pipeline (DAPL) has finally been completed and made public, thereby ending another chapter in the long-running drama about the ultimate fate of DAPL, which is by far the largest crude oil pipeline out of the Bakken. While the DEIS doesn’t finish the story, the document provides hints about possible outcomes — and an opportunity to review just how important the 750-Mb/d pipeline really is to Bakken producers and shippers. In today’s RBN blog, we discuss the latest developments regarding DAPL and Bakken production.

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