Eight Wells Coming Off Confidential List These Next Two Days -- November 1, 2023

Locator: 45889B. 

WTI: $82.03. Up 1.25%.

Weekly EIA petroleum report, link here:

• US crude oil in storage: increased by 0.8 million bbl; 421.9 million bbls; 5% below average
• US crude oil imports: increased by 412K bopd; average 6.4 million bbls; 1.4% more than average
• refiners: making bank; see MPC earnings; 85.4% operable capacity
• distillate fuel inventories: decreased by 0.8 million bbls; 12% below average
• jet fuel supplied: up 8% y/y

Gasoline demand, link here: 

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Back to the Bakken

Thursday, November 2, 2023: 87 for the month; 87 for the quarter, 657 for the year
39746, conf, Neptune Operating, Shaffer 27-22 3H,
39205, conf, Murex, PB-Winston Axel 36-25H MB,
39204, conf, Murex, PB-Stephhen Luke 36-25H MB,
38836, conf, Enerplus, Hay Draw 148-97-27-34-4H,

Wednesday, November 1, 2023: 83 for the month; 83 for the quarter, 653 for the year
34544, conf, MRO, Storedale 11-17TFH,
39597, conf, CLR, Brooks 5-9H,
39202, conf, Murex, PB-Paul Brian 1-12H MB,
39201, conf, Murex, PB-Gunner 1-12H MB,

RBN Energy: New York will need unprecedented increase in wind, solar to hit 2030 target. Archived.

Every state has its unique set of advantages and challenges, but very few face the number of contrasts that makes New York and its ambitious decarbonization goals so interesting. The Empire State ranks fourth in population (behind California, Texas and Florida) and is home to the biggest city in the country, yet most of the state would be considered rural. It has the nation's third-largest economy, but because its key industries — including financial and business services — are not energy-intensive, and many in the New York City area use mass transit, its per-capita energy use is lower than all but two states (Hawaii and Rhode Island). And while the state gets about 30% of its power from renewable sources (most of it large-scale hydropower), solar and wind generation are still very limited there. In today’s RBN blog, we look at how the state’s plans to ramp up renewable generation — which have long been plagued by problems with incentives, permitting and project cancellations — are running headlong into the difficulties of adding so many resources in a short period of time.  

This is the fourth blog in our series on the ongoing efforts to decarbonize U.S. energy networks. While developments are playing out very differently from state to state, based on any number of factors, one thing has become clear over the past couple of years as climate-related initiatives have gained momentum: Economic and logistical realities that may have been initially overlooked are being brought to the fore. Americans expect the energy industry to deliver fuel and power where they need it, when they need it, and for a price that everyday people can afford — what’s referred to as the trilemma of availability, reliability and affordability. But those goals not only clash with each other at times, they can also conflict with environmental priorities and economic realities.