Enerplus To Report Another Huge Well In Elidah Oil Field -- August 28, 2024

Locator: 48468B.

AI: CrowdStrike to partner with Nvidia. Link here. Tech is tracked here.

Lego: 13% revenue jump in 1H24. Link here.

EV setback (again): GM delays Indiana battery factory. Link to TWSJ. 

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Back to the Bakken

WTI: $74.04.

Thursday, August 29, 2024: 74 for the month; 130 for the quarter, 454 for the year
40471, conf, Oasis, Maverick Federal 5602 13-12 4B,
40418, conf, Oasis, Fossum 5301 43-35 4B,
39855, conf, Enerplus, Wildebeest 148-95-4A-16H, Elidah oil field; huge well; see this post with maps;
39712, conf, Hess, TI-Larson-LE-157-85-2635H-1
39710, conf, Hess, TI-Larson-157-85-2536H-4,

Wednesday, August 28, 2024: 69 for the month; 125 for the quarter, 449 for the year
40476, conf, CLR, Clover 4-10H,
40361, conf, Oasis, Maverick Federal 5602 13-12 3B,
36270, conf, BR, George-Lillibridge 4C MBH-ULW,

RBN Energy: Canada's short-lived rail disruption and its energy-trade impacts.

For a few days last week, Canada experienced a nationwide shutdown of its rail transportation network — the backbone of its economy. Of the literally thousands of items railed across Canada to consumers and for export to the U.S. and overseas, we consider three important liquid energy commodities — crude oil, propane and butane — that are transported by rail to provide some perspective on the volumes and dollar values that could have been jeopardized by an extended shutdown. In today’s RBN blog, we summarize the short-lived disruption to Canadian and international commerce and tally the impacts that could have been. 

It’s often taken for granted, but rail transportation is critical to the North American economy — not just Canada but the U.S. and Mexico too. Machinery, automobiles, grains, coal, lumber, consumer goods, chemicals, and many other things move by rail every day to keep items on shelves for consumers, move raw materials to processing centers and for export to overseas customers.