WTI Drops Below $88; OPEC+ Indicates No Change In Supply Cuts -- Three Wells Coming Off Confidential List -- October 4, 2023

Locator: 45638B. 

McCarthy out. So apparently, back in power after the Pelosi era, the GOP spent that opportunity re-arranging offices. 

Military promotions: Meanwhile, I assume in the US Senate, all military promotions remain on hold. On this issue, Google is not helpful this morning. Having said that, apparently it's not that big a deal and perhaps the senator holding up promotions is in the right. He is not stopping promotions on an individual level; just stopping promotions in one big swoop.

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Back to the Bakken

WTI: $87.62

Thursday, October 5, 2023: 14 for the month; 14 for the quarter, 584 for the year
39359, conf, CLR, Arthur 3-12HSL1,
38035, conf, PetroShale, Tahu 3MBH,

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

RBN Energy: surging hydrocarbon production increasingly links US to global markets.

U.S. oil, natural gas and NGL markets are more interconnected than ever — with each other and with global dynamics. The deep connections we see today have evolved in the 15 years since the start of the Shale Revolution, and in recognizing how the various segments have impacted one another, we can better explain how they are driving today’s markets. That was the focus of our Fall 2023 School of Energy and it’s the subject of today’s RBN blog, which (warning) is a blatant advertorial for School of Energy Encore, a newly available online version of our recent conference.