News From Geoff Simon's Weekly Note -- Friday, May 17, 2024

Locator: 47113B_Archives.

Lynn Helms to retire.

 

Location not yet disclosed:

McLean County natural gas continues to climb.

DAPL EIS: we may get a ruling by 2100.

Williston: a $36-million facility.

Week 20: May 13, 2024 -- May 19, 2024

Locator: 47112TOPSTORIES.

Top story:

• Israel moves into Rafah; doesn't seem to be much coverage (or much interest)
  
• Dow: longest "win" streak so far in 2024 continues
  

Top international non-energy story:

Top international energy story:

Top national non-energy story:

Top national energy story:

• WTI just goes through $80 at end of day.
  

Focus on fracking: link here.

Top North Dakota non-energy story:

• 
  

Top North Dakota energy story:

• 
  

Geoff Simon's quick connects: link here.

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Market

Market at the close:

EV Charging Network In France -- May 17, 2024

Locator: 47175EVS.

Link here. 

This is an interesting story.

When thinking EVs, there are three markets to watch:

• China
• North America (i.e., the US)
• Europe

China: I have no idea what's going on over there.

I could say the same thing about Europe and North America but I think I have a better idea of what is going on in Europe and America when it comes to EVs and the charging infrastructure. 

I never imagined that a French utility would be bleeding cash with its charging infrastructure at this time in the evolution of the EV rollout. 

With all the other headwinds of which I'm aware, add this article. 

This is not a good omen for acceptance of the EV. 

This seems simply amazing. I'm still trying to process what it means.

Joe Biden, Master Oil Trader -- May 17, 2024

Locator: 47174B.

Link here.

Bakken DUC Update-- May 17, 2024

Locator: 47173DUCS.

From a reader. Huge thanks.

	Bakken
	Drilled	Completed	DUC
Dec-13	--	--	603
Jan-14	174	143	634
Feb-14	214	158	690
Mar-14	216	218	688
Apr-14	220	207	701
May-14	216	208	709
Jun-14	237	225	721
Jul-14	257	243	735
Aug-14	229	207	757
Sep-14	250	232	775
Oct-14	186	243	718
Nov-14	209	202	725
Dec-14	224	194	755
Jan-15	198	193	760
Feb-15	230	151	839
Mar-15	183	170	852
Apr-15	143	127	868
May-15	125	139	854
Jun-15	110	135	829
Jul-15	103	124	808
Aug-15	111	101	818
Sep-15	99	92	825
Oct-15	118	84	859
Nov-15	100	89	870
Dec-15	98	78	890
Jan-16	71	80	881
Feb-16	61	41	901
Mar-16	68	45	924
Apr-16	43	39	928
May-16	47	59	916
Jun-16	42	54	904
Jul-16	45	56	893
Aug-16	53	82	864
Sep-16	49	66	847
Oct-16	59	85	821
Nov-16	61	86	796
Dec-16	53	49	800
Jan-17	62	52	810
Feb-17	51	58	803
Mar-17	78	71	810
Apr-17	78	104	784
May-17	94	82	796
Jun-17	76	105	767
Jul-17	95	103	759
Aug-17	99	110	748
Sep-17	98	97	749
Oct-17	105	110	744
Nov-17	93	86	751
Dec-17	77	65	763
Jan-18	107	72	798
Feb-18	74	74	798
Mar-18	95	90	803
Apr-18	109	110	802
May-18	125	131	796
Jun-18	108	118	786
Jul-18	134	155	765
Aug-18	108	138	735
Sep-18	108	122	721
Oct-18	121	118	724
Nov-18	110	99	735
Dec-18	108	70	773
Jan-19	121	71	823
Feb-19	108	56	875
Mar-19	111	110	876
Apr-19	118	112	882
May-19	127	127	882
Jun-19	118	149	851
Jul-19	123	122	852
Aug-19	123	144	831
Sep-19	110	88	853
Oct-19	116	108	861
Nov-19	96	88	869
Dec-19	94	86	877
Jan-20	99	98	878
Feb-20	94	100	872
Mar-20	94	108	858
Apr-20	69	33	894
May-20	33	14	913
Jun-20	18	11	920
Jul-20	18	22	916
Aug-20	19	27	908
Sep-20	18	51	875
Oct-20	19	41	853
Nov-20	20	31	842
Dec-20	20	51	811
Jan-21	20	41	790
Feb-21	19	24	785
Mar-21	25	45	765
Apr-21	27	47	745
May-21	29	62	712
Jun-21	31	33	710
Jul-21	32	66	676
Aug-21	39	69	646
Sep-21	42	79	609
Oct-21	43	78	574
Nov-21	47	68	553
Dec-21	52	50	555
Jan-22	53	35	573
Feb-22	64	49	588
Mar-22	67	68	587
Apr-22	58	39	606
May-22	75	61	620
Jun-22	75	81	614
Jul-22	75	89	600
Aug-22	76	93	583
Sep-22	78	82	579
Oct-22	77	95	561
Nov-22	79	78	562
Dec-22	80	40	602
Jan-23	80	89	593
Feb-23	80	83	590
Mar-23	80	86	584
Apr-23	79	100	563
May-23	74	102	535
Jun-23	70	113	492
Jul-23	70	114	448
Aug-23	68	111	405
Sep-23	64	95	374
Oct-23	67	80	361
Nov-23	67	93	335
Dec-23	66	85	316
Jan-24	68	65	319
Feb-24	69	70	318
Mar-24	69	65	322
Apr-24	69	63	328