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Thursday, September 19, 2024

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.

***************************
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:

DateOil RunsMCF Sold
7-2024139037508
6-2024144967391
5-2024135136874
4-20242337513382
3-2024151319729

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

DateOil RunsMCF Sold
7-20241385162767
6-20241665652532
5-20242396951926
4-202457195971

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.

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