Locator: 50794B.
Kratom: in the news. Link here. Etymology: Thai.
Investing: five oilfield services stocks built for a post-Hormuz world. Link here. Michael Kern.
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Back to the Bakken
WTI: $101.70.
New wells reporting:
- Wednesday, May 13, 2026: 27 for the month, 127 for the quarter, 284 for the year,
- 42197, conf, Kraken, Apollo 18-7-6 7H,
- 41451, conf, Devon Energy, Wagenman 32-29 5H,
- Tuesday, May 12, 2026: 25 for the month, 125 for the quarter, 282 for the year,
- 42262, conf, Petro-Hunt, John Williams 143-97-5B-8-3H,
- 42199, conf, Kraken Operating, Turbodiesel 19-30-31-9H,
- 41591, conf, Hess, EN-Trout-157-93-3130H-5,
- 41450, conf, Devon Energy, Wagenman 32-29 4H,
RBN Energy: in a year of change, market fundamentals are key to understanding what comes next. Link here. Archived.
It’s been quite a year already — and we’re only four and a half months in! We began 2026 with energy markets looking very well supplied, with commodity prices generally expected to soften in the short term. But things quickly changed, first as a result of U.S. intervention in Venezuela, then much more dramatically with the Iran war and the closure of the Strait of Hormuz. Prices have surged for crude oil, natural gas, NGLs, refined products and petrochemicals, along with the multitude of consumer products that utilize those feedstocks. Fortunes have been made (and lost) as a result. To survive such swings, you need a deep understanding of the fundamental forces impacting markets so that you can anticipate, identify and act on their secondary and tertiary effects. That’s the subject of today’s RBN blog and the focus of our upcoming School of Energy: Foundations, set for September 9-10 in Houston. Fair warning, today’s blog serves as an unabashed advertorial for the conference.
The swings in the global energy market have been significant so far in 2026, with the U.S. playing a pivotal role. There is no shortage of information and analysis out there, some of it seemingly contradictory. So, how do you know what data is important, which indicators to watch, and how to apply it all? Learning how to identify and analyze that information is what School of Energy is all about. To see how those pieces can come together, let’s look at some recent examples.
