Eleven Wells Will Report Today — November 6, 2023

Locator: 45952B.  

Note: link here.

Investing today:

• buying: AAPL
• buying: NVDA
• selling: --

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done for my benefit. I don't expect others to read anything I post nor do I expect others to agree on anything I post. I started the blog to help me remember things since I have such a poor memory.

 All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Wind, New Jersey: big fail.
************************Back to the Bakken

WTI: $81.48.
Tuesday, November 7, 2023: 102 for the month; 102 for the quarter, 672 for the year
39600, conf, CLR, Brooks 8-9H1, 
Monday, November 6, 2023: 101 for the month; 101 for the quarter, 671 for the year 39297, conf, Slawson, Hunter Federal 1 SLH, 
Sunday, November 5, 2023: 100 for the month; 100 for the quarter, 670 for the year 39599, conf, CLR, Brooks 7-9H, 39323, conf, Oasis, Osprey 5401 44-23 5BX, 39298, conf, Slawson, Jericho Federal 1SLH, 38772, conf, Oasis, Dahl E Federal 5301 13-14 4B, 38771, conf, Oasis, Dahl E Federal 5301 13-14 3B, 37960, conf, Petroshale, Helen 1TFH, 37959, conf, Petroshale, Helen 2MBH,  Saturday, November 4, 2023: 93 for the month; 93 for the quarter, 663 for the year 39324, conf, Oasis, Harrier 5401 44-23 7B, 38773, conf, Oasis, Dahl E Federal 53001 13-14 5B, 38770, conf, Oasis, Dahl E Federal 53001 13-14 2B, 
RBN Energy: mild summer saves West Coast gas market ... this time.

Six months ago, the U.S. West Coast natural gas market looked like it was in dire straits. A harsh winter had depleted stocks to the lowest level in over a decade and it seemed like the region would be hard-pressed to refill storage to a reasonable level, given limited and constrained pipeline options to flow incremental gas west. 

Instead, a combination of mild weather and operational changes eased demand and pipeline constraints, and Pacific Region storage staged a remarkable comeback this summer. 

In today’s RBN blog, we delve into how the region escaped a worst-case scenario heading into the heating season. 

For years now, transportation constraints for moving gas west of the Rockies and reduced gas storage capacity on the West Coast have been driving a wedge between the U.S.’s Western and Eastern gas markets. 

The West Coast gas market has been at the forefront of the energy transition; nevertheless, natural gas transportation constraints and gas supply shortages in the region, particularly California, have made it the highest-priced gas market in the country. 

The Golden State has experienced radical shifts for the better part of the past decade, from the permanent shutdown in 2013 of the 2,250-MW San Onofre nuclear facility — a major power source for the Los Angeles metro area — to ­­­an aggressive expansion of renewable energy (first wind, then a lot of solar), and capacity reductions at SoCalGas’s Aliso Canyon gas storage facility stemming from a leak in 2015 (more on that in a bit).