The Day After The Fed Cut -- September 19, 2024

Locator: 48319B.

Strike: East Coast, Gulf Coast ports. Deadline September 30, 2024.

Poll: Harris leads in Pennsylvania, Michigan. In Pennsylvania, it's not even close right now -- Harris, 50%; Trump: 46%. 

JD Vance admitting that he makes up stories and it's the media's responsibility to do the fact-checking doesn't appear to be a winning strategy. This is JD Vance's version of exploding pagers. In fact, ABC did the fact-checking during the debate and MAGA got upset. LOL. 

Cruz: could lose in Texas.  

Russell 2000 futures: the clear winner after the Fed cut yesterday.

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Back to the Bakken

WTI: $71.52. Whoo-hoo!

Friday, September 20, 2024: 42 for the month; 170 for the quarter, 494 for the year
40502, conf, CLR, Kennedy 9-31HSL,
39933, conf, Hess, RS-Juma-156-92-1131H-3, Alger,
23388, conf, Grayson Mill, Beaux 18-19 3TFH, Banks,
23387, conf, Grayson Mill, Beaux 18-19 4H, Banks,
23386, conf, Grayson Mill, Beaux 18-19 6H, Banks,

Thursday, September 19, 2024: 37 for the month; 165 for the quarter, 489 for the year
None.

Production:

• 39933, conf, Hess, RS-Juma-156-92-1131H-3, Alger:

Date	Oil Runs	MCF Sold
7-2024	13903	7508
6-2024	14496	7391
5-2024	13513	6874
4-2024	23375	13382
3-2024	15131	9729

• 23387, conf, Grayson Mill, Beaux 18-19 4H, Banks: 

Date	Oil Runs	MCF Sold
7-2024	13851	62767
6-2024	16656	52532
5-2024	23969	51926
4-2024	5719	5971

RBN Energy: is the rangebound summer gas market heading for a breakout?

The summer of 2024 proved somewhat melancholy for natural gas bulls, but also for bears, as front-month futures have consistently sported a $2 handle on the vast majority of trading days. What happened to the dire predictions of oversupply heard this past winter? And what about the bullish swing that took over the market in early June? Developments in production and weather have ameliorated both concerns but new issues may cause volatility to return in the near future. In today’s RBN blog, we’ll detail what happened during this summer’s gas market and what current trends portend for the fall and winter.