WTI Solidly Above $90 In Pre-Market Trading -- Six Wells Coming Off Confidential List -- October 20, 2023

Locator: 45831B.

Local weather: could hit 92°F this afternoon. No rain until possibly Sunday.

UAW:

Sports:

• Jacksonville won but it wasn't pretty; exciting, yes. Pretty, no.
• Texas Rangers squander a 2-game lead. Now it's best of three and Houston has the mojo.

Goes without saying: but because Charles Kennedy is the writer, I will post it. Preaching to the choir: 

Click bait. I'll post it 'cause it's the meme du jour but I don't accept the thesis at all -- that part about Cushing. Sure prices will rise, but Cushing will do just fine. Link here.

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Back to the Bakken

WTI: $90.50.

Sunday, October 22, 2023: 52 for the month; 52 for the quarter, 622 for the year
39680, conf, Crescent Point Energy, CPEUSC Farthing 5-30-31-158N-100W-MBH-LLW,
38276, conf, Hess, BB-Olson-150-95-009H-2, Blue Buttes,

Saturday, October 21, 2023: 50 for the month; 50 for the quarter, 620 for the year
39681, conf, Crescent Point Energy, CPEUSC Clermont 5-19-18-158N-100W-MBH-LL,

Friday, October 20, 2023: 49 for the month; 49 for the quarter, 619 for the year
37451, conf, Hess, EN-Abrahamson-155-93-3019H-9, Alger,
36778, conf, BR, Bailey-George 1A TFH-ULW, Pershing,
39328, conf, CLR, Arthur 6-12H, Little Knife,

RBN Energy: Canada's "carbon-price" and its impacts on production and refining. 

Many governments around the world are looking for ways to incentivize reductions in greenhouse gas (GHG) emissions and two approaches have received the most attention: cap-and-trade and a carbon tax. The European Union (EU) has chosen the former, Canada has opted for the latter, and the U.S. — well, that’s still to be determined. It’s logical for oil and gas producers, refiners and others in carbon-intensive industries to wonder, what does it all mean for us? In today’s RBN blog, we look at Canada’s carbon tax (which it refers to as a “carbon price”), explain how it works, and examine its current and future impacts on oil sands producers, bitumen upgraders and refiners.