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Tuesday, May 16, 2023

No New Permits -- That Is All! May 16, 2023

Locator: 44664B.

Active rigs: 36 (wow).

WTI: $70.52.

Natural gas: $2.348.

No new permits.

The Broom Formation -- CO2 Storage -- North Dakota

Locator: 44663CO2. 

I count 57 sections in this NDIC case for CO2 storage. Link here.

Again, this is a "case," and not a "permit."

See "strat column NDGS." 

Broom Creek formation, North Dakota:

The collision of North America and Europe as Pangea began to form kicked off the Caledonian orogeny and realigned the Williston Basin opening to the sea in the west rather than the north.

During the maximum extent of the sea, the Lodgepole and Mission Canyon formations took shape. A dry period precipitated Charles Formation evaporites, followed by Big Snowy Group carbonates, sand and shale. The ancestral Rocky Mountains began to rise around this time, bringing the Otter Formation shales and then draining the sea and uplifting the land.

After a 10 million year dry period, shallow water crept back in during the Pennsylvanian beginning the Absaroka Sequence with Tyler Formation sandstone and shale, overlain by carbonates and brown clastic rocks in the Amsden Formation and Broom Creek Formation sandy carbonates.
Another 10 million years of erosion is marked by an unconformity. Through the Permian, salt and red bed formations filled the Williston Basin belonging to the Opeche and Spearfish formations, along with the Minnekahta Formation limestone.

Mesozoic (251–66 million years ago)

In the Triassic, at the beginning of the Mesozoic, a meteorite struck McKenzie County, rearranging older sediments. Some salt and gypsum remains from the time period, indicative of the vast deserts that covered Pangea at the time.
An unconformity wipes out 45 million years of the early Jurassic before the beginning of the Zuni Sequence.
North Dakota was a low forested landscape experiencing ongoing erosion.
Rivers and streams moving across the eroded Jurassic landscape deposited the sandstone and siltstone Inyan Kara Formation. Thick layers of shale, such as the Pierre Formation, formed in the Western Interior Seaway during a major global marine transgression in the Cretaceous.



Reeves County, TX

Locator: 44662TX. 

Wow, this one map .... can take one down so many rabbit holes.


It would be impossible to re-trace my history from this map to Ken Kesey but last night during the witching hour it was quite an adventure.

Other rabbit holes and links:

  • to get to Ken Kesey, it was via La Junta, Colorado, I believe, but I forget.

On numerous cross-country trips from DFW to Flathead, MT, I had the opportunity to pass through La Junta many times, but I don't recall visiting La Junta, so most likely after heading north out of Amarillo to Pueblo, I turned northwest at Dumas, TX, to take a shorter route to I-25 via Raton, New Mexico, just south of the Colorado state line. 

Next time I drive to Flathead Lake, I will make a special note to pass through La Junta, Spanish for junction, where the Santa Fe trail intersected with a road to Pueblo.

Santa Fe Trail, the north/mountain route, today (?), sixteen hours driving time:

  • north-northeast out of Santa Fe on I-25
  • northeast at Trinidad, Colorado, exiting onto US Highway 350
  • a number of short stretches of various highways angling northwest from La Junta to Eads, Colorado
  • a very short direct northerly route at Eads, Colorado (US Highway 287)
  • connect with I-40 at Kit Carson and then all the way on I-40 to points east, including Kansas City, via Topeka

The XTO Bird Wells -- Updated Screenshot -- May 16, 2023

Locator: 44661B. 

Tracked here: FBIR Bird / Stephen Wells (XTO, Heart Butte).

The XTO FBIR Bird wells (some of them, not all of them):

 

The Great Reset -- March, 2023 -- Posted May 16, 2023

Locator: 44659ECON. 

Global demand, link here:

Link here. The Great Reset. March, 2023.

Getting (back) to the 100-million-bopd threshold was incredibly important, and not only does it appear "we" will get to 100-million-bopd, the IEA predicts we will blow through it.

The previous peak: 100.27 million bopd in 2019.

NVDA -- May 16, 2023

Locator: 44658SEMIS. 

Semis are tracked here.

Link here.

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 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

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Bird Flu

Not yet worth a stand-alone post, but for the archives. 

Key words flu, avian, nature-bats-last.

Link here.

For background


And, as long as we're talking about birds, the XTO FBIR Bird wells (some of them, not all of them):

Tuesday, May 16, 2023

Locator: 44657B. 

Putin's war:

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Back to the Bakken

Active rigs: 40.

Peter Zeihan newsletter.

WTI: $70.66.

Natural gas: $2.414.

Wednesday, May 17, 2023: 25 for the month; 77 for the quarter, 332 for the year
39276, conf, Kraken, Sumner 12-13-24 6H,
38971, conf, Hess, GO-Aslakson-156-97-2734H-2,  

Tuesday, May 16, 2023: 23 for the month; 75 for the quarter, 330 for the year
39285, conf, CLR, Smouse 7-28H,
39275, conf, Kraken, Sumner 12-13-24 5H,
35019, conf, BR, Lillibridge 1B TFH,

RBN Energy: the case for Energy Transfer's Blue Marlin cruude oil export project. Archived.

It’s been two and a half years since Energy Transfer submitted its plan for the Blue Marlin crude oil export project to the U.S. Maritime Administration (MARAD) and, like the large billfish for which the proposed offshore terminal is named, the project has spent most of its time under the surface and out of sight. But that doesn’t mean there hasn’t been forward movement on the regulatory and business fronts and, with U.S. oil exports rising fast and a preference among many shippers for VLCCs that can be fully loaded without reverse lightering, Blue Marlin is alive and kicking, as we discuss in today’s RBN blog.

Crude oil exports have been a primary focus for RBN this spring as we prepare for our xPortCon-Oil 2023 conference on June 8 in Houston — more on that at the end of this blog — and two of the biggest questions out there are (1) how much will U.S. production and exports increase over the next few years and (2) how are we going to handle those higher volumes. RBN’s middle-of-the-road forecast sees U.S. oil production increasing by about 1.5 MMb/d over the next five years (from today’s 12.3 MMb/d), with three-quarters of that incremental output coming from the Permian and most of the rest from other shale plays that also produce light-sweet crude.

Given that U.S. refineries’ ability to economically process high-API-gravity, low-sulfur crude is pretty much maxed out, it’s likely that almost all those incremental barrels will be bound for export terminals along the Gulf Coast. And, it’s also a good bet that, on their way to overseas refineries, as many of those barrels as physically possible will be headed through terminals like the Enbridge Ingleside Energy Center (EIEC) and South Texas Gateway (STG) — both in Ingleside, across the bay from Corpus Christi — whose docks can receive and load VLCCs with minimal reverse lightering, the most cost-effective way to move massive volumes of oil to Europe and Asia.