GDPNow: 4.9% — Estimate 3Q23 — WTI Continues To Fall -- Five Wells Coming Off Confidential List Today -- October 3, 2023

Locator: 45633GDP.

GDP, estimate, 3Q23: nchanged for quite some time. Remains at 4.9%. Link here.

On target, link here. 

********************
Back to the Bakken

WTI: $88.30.

Wednesday, October 4, 2023: 12 for the month; 12 for the quarter, 582 for the year
39689, conf, WPX, Augustus 8-26H,
38273, conf, Hess, BB-Olson-150-95-09H-5
38037, conf, Petroshale, Tahu 2TF2H

Tuesday, October 3, 2023: 9 for the month; 9 for the quarter, 579 for the year
36961, conf, WPX, Nero 8-26H,
39458, conf, CLR, Arthur 4-12H,
38990, conf, Hess, RS-Harstad-155-91-0433H-6,
38272, conf, Hess, BB-Olson-LW-150-95-08H-1,
38038, conf, Petroshale, Tahu 4kTFH,

RBN Energy: are government forecasts underestimating gas burn for power?

Government forecasts are predicting a sharp drop in natural gas demand in the power sector in the coming decades based on an expectation that the renewable capacity build-out will accelerate and displace other sources. However, forecasts in the past decade have consistently and severely underestimated gas burn for power. In today’s RBN blog, we consider the pitfalls of forecasting gas consumption in a world often focused on pushing a renewables-heavy generation stack.