Eight Wells Coming Off Confidential List -- February 20, 2024

Locator: 46852B.

Another peak oil story: link here. Writer.

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Back to the Bakken

Henderson or Kennedy? I'll take Kennedy. Link here.

From the linked article by Charles Kennedy:

The Energy Information Administration estimated the Bakken’s output at 1.203 million barrels daily for February, rising to 1.206 million barrels in March. That would make it the play with the third-strongest growth rate, after the Permian and the Eagle Ford, where production between February and March is seen rising by 10,000 bpd and 5,000 bpd, respectively.

Oil production in the Bakken is set to benefit from Chevron’s recent acquisition of Hess Corp. The deal will give Chevron 465,000 net acres of high-quality, long-duration inventory in the Bakken supported by the integrated assets of Hess Midstream, Chevron said when it announced the tie-up last year. 

Of course, a change in production on a percentage basis would have more sense.

WTI: $79.60.

Tuesday, February 20, 2024: 50 for the month; 109 for the quarter, 109 for the year
39994, conf, CLR, Ransom 11-30H2,

Monday, February 19, 2024: 49 for the month; 108 for the quarter, 108 for the year
39993, conf, CLR, Ransom 10-30H

Sunday, February 18, 2024: 48 for the month; 107 for the quarter, 107 for the year
39619, conf, Whiting, DE YK Federal 12-33H
39618, conf, Whiting, DE YK Federal  12-33-2TFH,
39069, conf, Whiting, Safely Federal 32-7-2H,
39068, conf, Whiting, Safely Federal 32-7H
38303, conf, Whiting, Bigfoot LE 23-11 9H,
37705, conf, SOGC (Sinclair), Bighorn 3-6H,

Saturday, February 17, 2024: 42 for the month; 101 for the quarter, 101 for the year
39992, conf, CLR, Omlid 13-19H, 

RBN Energy: our contrarian take on refining capacity, product demand and other matters.

Around the world, a lot of smart people in the public and private sectors hold similar views on where we’re all headed, energy-wise. An accelerating shift to renewables and electric vehicles, driven by climate concerns. A not-so-far-away peak in global demand for refined products like gasoline and diesel. There are also what you might call consensus opinions on some energy-industry nuances, like how much global refining capacity will be operational in 2025 and what the spread between light and heavy crude oil will be in the years ahead. In today’s RBN blog, we discuss highlights from the new Future of Fuels report by RBN’s Refined Fuels Analytics (RFA) practice, including RFA’s different take on a few matters large and small — and all of critical concern to producers, refiners and marketers alike.