Manic Monday -- May 20, 2024

Locator: 47134B.

Chart of the day: something I learned today (SILT -- copper is a well-known by-product of gold mining.

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Back to the Bakken

WTI: $79.60.

Tuesday, May 21, 2024: 32 for the month; 96 for the quarter, 295 for the year
40183, conf, CLR, Sloan 4-8H,
39657, conf, Hess, GO-Bergstrom-156-98-2734H-5,
39404, conf, Whiting, Olson 31-31-2H,
39403, conf, Whiting, Olson 31-31H,
38142, conf, BR, Ole 9-1-29MBH,

Monday, May 20, 2024: 27 for the month; 91 for the quarter, 290 for the year
38143, conf, BR, Ole 8-1-29TFH,

Sunday, May 19, 2024: 26 for the month; 90 for the quarter, 289 for the year
38144, conf, BR, Ole 9-1-29MBH,

RBN Energy: Permian gas processing plans hint at impending rebound in production. Archived.

Permian production may have plateaued over the past few months — the shale play’s crude oil output has bounced between 6 MMb/d and 6.3 MMb/d for almost a year now, and natural gas production has hovered around 18 Bcf/d for about as long. But producer-backed plans to continue adding gas processing capacity in the Permian’s Delaware and Midland basins strongly suggest that E&Ps in West Texas and southeastern New Mexico see a lot more production growth “up around the bend.” As we discuss in today’s RBN blog, midstream companies haven’t tapped the brakes on their plans for new gas processing capacity in the Permian — in fact, they’ve been keeping the pedal to the metal.