Locator: 48460B.
Renewables: one can't have more solar / more wind energy without natural gas back-up. See RBN Energy below.
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Back to the Bakken
Updated:
WTI: $76.67.
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,
Tuesday, August 27, 2024: 66 for the month; 122 for the quarter, 446 for the year
40470, conf, Oasis, Maverick Federal 5602 13-12 2B,
39854, conf, Enerplus, Yak 148-95-4A-16H,
36269, conf, BR, George 4B TFH,
21543, conf, Grayson Mill, Knight 35-26 1-H,
Enerplus: with another huge well:
- 39854, conf, Enerplus, Yak 148-95-4A-16H, Eagle Nest,
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 6-2024 | 30 | 45284 | 45356 | 22208 | 64386 | 63922 | 387 |
| BAKKEN | 5-2024 | 31 | 45487 | 45192 | 20906 | 60744 | 56685 | 3988 |
| BAKKEN | 4-2024 | 13 | 19604 | 19671 | 8917 | 25173 | 25003 | 144 |
| BAKKEN | 3-2024 | 23 | 32210 | 32404 | 25080 | 37580 | 36747 | 784 |
| BAKKEN | 2-2024 | 3 | 669 | 0 | 573 | 1756 | 1217 | 535 |
RBN Energy: Virginia and Carolinas utilities' focus: gas-fired plants and solar.
Utilities in Virginia, North Carolina and South Carolina, all anticipating rapid growth in electricity demand through the 2030s, have ambitious plans for renewables but are acknowledging that solar and offshore wind will need to be backed up by a lot more natural gas-fired generation.
Fortunately, the new Mountain Valley Pipeline (MVP) and planned expansions to it and the Transcontinental Gas Pipe Line (Transco) system are providing utilities in the three-state region with enhanced access to Marcellus/Utica-sourced natural gas, albeit at premium prices to gas users closer to that production. In today’s RBN blog, we continue our look at rising demand for electricity and gas in Virginia and the Carolinas with a review of what the largest utilities there are planning.
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