No Matter How Bad Your Day Was, Probably Not As Bad As Sam's -- Friday -- November 17, 2023

Locator: 46090ALTMAN.

Sam Altman, update.

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Back to the Bakken

Active rigs: 36.

WTI: $75.80. Up almost 4%.

OPEC: said to be considering another cut of one million bopd. Just between you and me and the bedpost, I never thought that in 2023 we would see such a glut of oil and the glut was not coming from OPEC. All those years of "peak oil" concerns -- wow -- truly amazing. 

Coal: and coal use continues to grow, simply because it is so inexpensive. One just gets the feeling that without strong personalities to "push" green energy (like Algore, John Kerry, German leadership, crazy Greta, etc) the "green" energy push will simply die on the vine. 

The question becomes: where does all that electricity come from required by EVs, and data centers? Natural gas.

One new permit, #40345:

• Operator: Whiting
• Field: Sanish (Mountrail)
• Comments:
• Whiting has a permit for a Sanish Bay E Federal well, lot 4, section 3-152-92; 
• to be sitedd 252 FNL and 279 FWL

Four permits canceled:

• CLR: two Ravin permits, McKenzie County; and two Sodbuster permits, Williams County;