Show Me The Money -- October 12, 2023

Locator: 45735B.

Flashback: remember how we were once so excited when WTI went over $80, and now it's like meh. From earlier this year:

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Back to the Bakken

XOM: biggest drop in history (?) yesterday; today it's up nicely. 

WTI: $84.30.

Friday, October 13, 2023: 29 for the month; 29 for the quarter, 599 for the year
39430, conf, Petro-Hunt, D Annunzio 148-102-6B-7-1H
39333, conf, CLR, Hegler 6-13H,
38274, conf, Hess, BB-Olson-150-95-09H-4,

Thursday, October 12, 2023: 26 for the month; 26 for the quarter, 596 for the year
None.

RBN Energy: how New England would benefit from a gas pipeline expansion.

New England is hell-bent on decarbonizing quickly, and it’s been making some progress. But like it or not, the region still depends heavily on natural gas for both power generation and space heating, and gas supplies are stretched to the limit during periods of extreme winter demand.

Worse yet, the Everett LNG import terminal, which for years has fed a big, soon-to-close gas-fired power station and supported the Boston area’s gas grid, may be on the verge of shutting down.

Well, help may finally be on the way. Enbridge recently proposed an expansion to its 3-Bcf/d Algonquin Gas Transmission pipeline system.

The question is, can it get built in a region notorious for its opposition to energy infrastructure projects? In today’s RBN blog, we discuss Enbridge’s Project Maple and the role it could play in New England’s aggressive plan to reduce its greenhouse gas (GHG) emissions.