WTI Holds Above $68 -- December 2, 2024

Locator: 44481B.

Tag: MMF, Germany, EVS, Stellantis (STLA)

Pardon: Reddit readers absolutely shocked / aghast / angry about this new development. Reddit stopped all new comments. 

Talk television: since "Morning Joe" wanted to void the pardon issue correctly, it will be interesting to see what Whoopi has to say on "The View."

Without comment for now, but in the news today:

• Stellantis: CEO steps down; what sealed his fate.
• Germany
  
• Germany: deindustrialization; getting worse.
• Germany: Volkswagen workers stage "warning" strikes.
  
• Germany - France: energy. Fading wind prompts Germany to fire up dirty oil and gas plants; buy electricity from France.
• Kamala disappears: where she spent Thanksgiving vacation.
• LNG: the next four years will be all about natural gas. Alex Kimani.
• JK Rowling: might have just won the culture war.
• EVs:
  
• EVs: in The New York Times -- best headline ever -- "Automakers to Trump: please require us to sell electric vehicles." 
• auto manufacturers have spent so much money on EV infrastructure, they can't afford to write it off;
• and, 1.1 million auto workers (AKA voters) directly involved in EV production and marketing
  
• EVs: cost of recharging in Britain!
• Assad: crumbling?

Tech:

• Windows-based AI PCs took 53% share in the quarter. Beth.

Money:

• MMF: assets increase by $26.77 billion to $6.68 trillion for the six-day period ended Tuesday, November 26, 2024

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Back to the Bakken

WTI: $68.76.

Tuesday, December 3, 2024: 3 for the month; 107 for the quarter, 638 for the year

• 39750, conf, Hess, RS-F Nelson-156-91-2413H-5,

Monday, December 2, 2024: 2 for the month; 106 for the quarter, 637 for the year

• 40106, conf, Enerplus, Devils Canyon 147-97--17-20-7H,

Sunday, December 1, 2024: 1 for the month; 105 for the quarter, 636 for the year

• 39749, conf, Hess, RS-F Nelson-156-91-2413H-4,

Saturday, November 30, 2024: 58 for the month;104 for the quarter, 635 for the year

• 40670, conf, CLR Carpenter 2-13H,
• 40665, conf, CLR, Sandhill 7-24HSL,
• 40661, conf, CLR, Sandhill 2-24H,
• 40107, conf, Enerplus, Devils Canyon 147-97-17-20-8H,
• 39858, conf, Hess, EN-Charles-Wood-157-94-1720H-5,

RBN Energy: more M&A, divestitures and swaps as E&Ps and midstreamers fine-tune portfolios.

Even with all the headline-making deals we’ve seen in the North American oil and gas industry over the past two or three years, producers and midstream companies are still at it.

And the M&A, the post-acquisition divestitures and the acreage swaps aren’t confined to the Permian, which has seen more than its share of big-dollar transactions lately. In fact, as we discuss in today’s RBN blog, some of the biggest deals the past few months have involved production assets in the booming Montney in Western Canada, the generally sleepy Piceance in western Colorado, the quirky-as-heck Uinta in Utah, and — on the midstream side of things — a trio of natural gas pipelines in the Midwest.