Back To The Bakken -- January 21, 2025

Locator: 44729B.

Cold: here in Texas, the cold will move out by tomorrow, and we will be seeing 60°-weather by Friday.  

• The grid? Not even a speed bump. 
  

TKI: a new international airport in DFW area? 

• Texas McKinney National airport --> TexasMcKinneyInternational? 
• could begin operations as early as 2026 but requires a lot of infrastructure -- highways, roadways, parking lots, terminals, regulatory clearances

• Compare:
• DC area has three airports: Ronald Reagan, Dulles, Baltimore-Washington
• NYC area: JFK, LaGuardia, and Newark Liberty
• Chicago area: O'Hare, Midway, and Chicago-Rockford
• Los Angeles: TNTC
  

• Texas will become nation's focal point for border security, immigration control

New link: The White House. 

Politics: liberal media --

• headlines: Trump pardons "J-6"(after news that Biden pardoned Biden's entire extended family) -- 
• by the way the Federal Bureau of Prisons has never reacted so quickly; video released showing prisoners being released last night 
• can normally take weeks
  
• crickets: Biden pardons entire extended family; Dr Fauci; Adam Schiff, General Milley, Congressional J-6 committee; commutes all but three Federal murderers on death row;

Politics:

• Trump revokes / suspends security clearances held by 51 intelligence officials who signed Hunter Biden laptop letter
• some of these folks have big white collar jobs requiring security clearances
• memo to self: insert image of $100-bills flying away
  

The good news first:

• ENB: up 2.7% today; pays 5.87% for new buyers;
• EPD: up 2.23% today; pays 6.24% for. new buyers;
• SRE: up 1.56% today; pays 2.87% for new buyers;

EVs: most interesting today -- 

• LCID: down almost 5% today;
• RIVN: down over 6%;
• Canoo (GOEV): down 70% today; market cap: $5.6 million; filed for bankruptcy earlier this month -- before Trump's EOs.

AAPL: continues to fall.

NVDA: back on top --- with regard to market cap leader.

The grids:

• ISO-NE: $280
• ISO-NY: $210
• ERCOT: producing way more than needed; $43

The grids: resource mix -- ISO-NE resource mix -- oil rises to the top!

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Back to the Bakken

WTI: $76.61.

New wells:

• Tuesday, January 21, 2025: 36 for the month, 36 for the quarter, 36 for the year, 
• 38407, conf, Petro-Hunt, USA 153-95-13D-1HS,
• Monday, January 20, 2025: 35 for the month, 35 for the quarter, 35 for the year, 
• 40794, conf, CLR, Anheluk 4-26HX,
• 40100, conf, Silver Hill Operating, LLC, Storsul Federal 158-93-8-5-1MBH,
• 37976, conf, BR, Concord 3A, 
• Sunday, January 19, 2025: 32 for the month, 32 for the quarter, 32 for the year, 
• 40296, conf, BR, Kellogg Ranch 2A TFH,
• 40101, conf, Storsul Federal 158-93-8-5-2MBH,
• 40082, conf, Hess, EN-Halvorson-157-93-3229H-7,
• 37975, conf, BR, Concord 3B,
• Saturday, January 18, 2025: 28 for the month, 28 for the quarter, 28 for the year,  
• 40098, conf, Silver Hill Energy Operating, LLC, Paige Federal 158-93-18-19-4MBH,
• 33070, conf, BR, Mancord 14-10 MBH-ULW,

RBN Energy: wholesalers play a vital role in the domestic propane market.

The domestic U.S. propane market annually accounts for roughly 9 billion gallons of demand. The pathway from the wellhead to an end user is complex, involving pipelines, railcars, trucks and tankers, and wholesalers are essential in moving all that propane from fractionators and refineries to propane terminals. A wide variety of players fulfill this role, from large publicly traded companies to smaller private ones, but as we detail in today’s RBN blog, they all do one thing — move propane one step closer to its retail destination. 

This is the second blog in our series about propane markets. Earlier, we outlined the journey of propane from wellhead to burner tip and discussed the various segments of the domestic propane market, including industrial, petrochemical, commercial, residential and agricultural demand. We also introduced the role of wholesalers and retailers. In today’s blog, we will review wholesalers’ role and purpose in the market in more detail.