Thursday, September 14, 2023

WTI Takes A Big Jump Overnight -- Trending Toward $90 -- September 14, 2023

Locator: 45645B.

Suriname - Guyana update: link here and here to Charles Kennedy.

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Back to the Bakken

WTI: $89.64. CNBC says WTI hit $90 — first time since November, 2022. Will JPow raise rates now? 

Friday, September 15, 2023: 88 for the month; 290 for the quarter, 535 for the year
39623, conf, Crescent Point Energy, CPEUSC Matillda May 6 29-32-158N-100W-MBH-LL;
28831, conf, Petro-Hunt, Arsenal Federal 149-1002-17A-20-2H,

Thursday, September 14, 2023: 86 for the month; 288 for the quarter, 533 for the year
39066, conf, Hess, TI-Hanson-158-94-0706H-2,
39029, conf, Liberty Resources, Overdorf 158-96-1-12-4MBH,
28829, conf, Petro-Hunt, Arsenal Federal 149-102-17A-20-3H,

 RBN Energy: diversified E&P reserve growth driven by acquisitions after tepid organic additions.

While the weather-related headlines might still scream “summer” in some places — from stifling heat to powerful hurricanes to downpour-induced mud bogs at Burning Man in the Nevada desert — we’ve actually turned the corner into meteorological fall. Oil and gas prices have moved up from their Q2 2023 lows and supply issues, particularly for oil, are the chief concerns as the heating season approaches. Long-term production by the Diversified E&P peer group, whose production streams are weighted 40%-60% for gas and oil, respectively, are a major factor in U.S. supply. In today’s RBN blog, we analyze the crucial issue of reserve replacement by the major diversified U.S. producers.

2 comments:

  1. Should have "bought" the country lock, stock and barrel. Lost opportunity now.

    ReplyDelete
    Replies
    1. It's hard to believe but Guyana and Surinam look like the real thing.

      Tracked here: https://themilliondollarway.blogspot.com/2021/08/guyana-suriname.html.

      I tracked it from "the beginning," but having said that, it truly surprised me.

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