Fourth Consecutive Month Of Increasing Legacy Fund Deposits -- March, 2021, Data

Link here.

 

Week 11: March 14, 2021 -- March 20, 2021

Top story of the week:

• Joe Biden is still president; although he does refer to his VP as the "president of the United States"
• EOG ends new drilling / fracking in the Bakken
  

Most under-reported story of the week:

• Southern border crisis;
• Something fishy going on with Brent?

Anticipation:

• Saudi Aramco reports full year results on Sunday, March 21, 2021;
  

Bakken graphic of the day:

• An eleven-pad well;

Top international non-energy story:

• Tokyo Invitational: will ban foreign spectators from summer Olympics;

Top international energy story:

• Something fishy going on with Brent?; and, here;
  
• WTI/Brent: worse week since the recovery began; here; here; here;
• US overtakes Saudi Arabia as India's second highest crude oil importer in February, 2021;

Top national non-energy story:

• Record snowfall in Colorado, Wyoming, Minnesota, Wyoming, Texas;
• Federal tax filing deadline for tax year 2020 delayed for one month; two months for Texas;
• US retail sales surged in January, 2021;

Top national energy story:

• Biden flip-flops -- allows leasing on federal land; apologists: 60-day moratorium ends;
• Gasoline demand data diverging;
• Those $7,000 Texas utility bills "wiped out";
• Price of gasoline spiking;

Top North Dakota non-energy story:

Top North Dakota energy story:

• Nine Point Energy files for bankruptcy;

Geoff Simon's Top ND Energy stories:

• mostly legislative stories
  
• Quick links;

Operators:

• EOG ends drilling / fracking operations in the Bakken;

Operations:

• Monthly dashboards posted;

Wells:

• Jump in production, an Ovintiv Bernice well;
• A Zavanna George well in Stockyard Creek goes over 500K bbls crude oil;
• 17144: nice jump in production;
• A RimRock Moccasin Creek well goes over 500K bbls crude oil;
• Nice jump in production: a Zavanna Panther well;

DUCs:

• Ovintiv reports seven nice DUCs completed;
• Basins updated;

Fracking:

• Jump in frack spread;
  

Pipeline:

• Flashback: is the Bakken at risk for a pipeline overbuild?

NG:

• Two-month low as summer supply outlook turns bearish;
• US LNG feedgas demand sets another record;
• despite 100-year Texas freeze, natural gas barely drops below 5-year average before recovering;
• less than two weeks of fossil fuel loss, and huge plastics shortage; are you kidding me?
  

Bakken economy:

• Fourth consecutive month of increasing Legacy Fund deposits;

Miscellaneous:

• Oh, lordy, this house of cards is starting to fall;

Commentary:

• Indian oil consumption to double by 2030;
• Why explorers are not targeting more natural gas on the way to hydrogen;
• This is what the Bakken is all about;
• Gasoline demand data not encouraging;
• Another Bakken meme: daughter wells don't produce as much as parent wells;
• US braces for expensive gasoline this summer;
• 2021 economy looking good; and, here;
• Gasoline demand surging;
• Privately-held shale drillers could create havoc for OPEC;

Sunday night quickies:

• Drew Brees retirees ... Griddy heading for bankruptcy ... AstraZeneca Covid vaccine, a big mess ...
• More crude oil was produced in Texas than any other state or region in 2020, accounting for 43% of the national total;
• Crestwood's Bakken system looking good; China making no shift from coal in five-year plan;
• Chevron aspires to pump one million bopd from the Permian;

Wuhan Flu Update -- March 19, 2021

Covid-19 vaccine: open to the general public in North Dakota as of March 29, 2021; sooner for those in the state capital-area.

US vaccine rollout; the past two week:

		A	B	C	D	E	F
		Total Doses Administered	Number of People Receiving At Least One Dose	Fully Vaccinated	Number of People Considered Fully Immunized	Delta: Difference in daily doses from previous day	Percent (B+C)/A	Percent Of Americans With 2 Doses
Friday	March 19, 2021	118,313,818	77,230,061	41,934,629		2,583,810.00	100.72%	16.36%
Thursday	March 18, 2021	115,730,008	75,495,716	40,981,464		2,692,381.00	100.65%	15.99%
Wednesday	March 17, 2021	113,037,627	73,669,956	39,989,196		2,299,771.00	100.55%	15.60%
Tuesday	March 16, 2021	110,737,856	72,135,616	39,042,345		1,655,996.00	100.40%	15.23%
Monday	March 15, 2021	109,081,860	71,054,445	38,335,432		2,021,586.00	100.28%	14.96%
Sunday	March 14, 2021	107,060,274	69,784,210	37,459,269		1,356,773.00	100.17%	14.61%
Saturday	March 13, 2021	105,703,501	68,884,011	36,929,777		4,575,496.00	100.10%	14.41%
Friday	March 12, 2021	101,128,005	65,965,305	35,000,159		2,924,112.00	99.84%	13.65%
Thursday	March 11, 2021	98,203,893	64,071,674	33,863,127		2,482,603.00	99.73%	13.21%
Wednesday	March 10, 2021	95,721,290	62,451,150	32,904,161		2,028,692.00	99.62%	12.84%
Tuesday	March 9, 2021	93,692,598	61,088,527	32,102,061		1,602,746.00	99.46%	12.52%
Monday	March 8, 2021	92,089,852	60,005,231	31,493,040		1,738,102.00	99.36%	12.29%
Sunday	March 7, 2021	90,351,750	58,873,710	30,686,881		2,439,427.00	99.12%	11.97%
Saturday	March 6, 2021	87,912,323	57,358,849	29,776,160		2,904,229.00	99.12%	11.62%
Friday	March 5, 2021	85,008,094	55,547,697	28,701,201		2,233,810.00	99.11%	11.20%

US LNG Feedgas Demand Sets Another Record; Trending Toward 12 Bcfpd -- Seventh Export Terminal On Tap? -- S&P Global Platts -- March 19, 2021

Link here.  

• US LNG feedgas demand hit a new record, reported today, March 19, 2021 as total deliveries approach 12 Bcf/d; note: there are some questions whether a new record was actually set -- see link and the replies at the thread;
  
• capacity could rise come fall when Venture Global LNG's Calcasieu Pass terminal in Louisiana – the seventh major US liquefaction facility – may be ready to ship its first cargo;
• the 11.8 Bcf/d in total gas deliveries to existing US LNG export terminals topped the previous record of 11.65 Bcf/d set during the morning cycle March 17. Cheniere Energy's two terminals – Sabine Pass in Louisiana and Corpus Christi Liquefaction in Texas – account for more than half of the total demand.
• netbacks:
• while prices were lower day-on-day, netbacks remain high enough to incentivize robust shipments from the US
• Asia Pacific freight was assessed at $30,000/day on March 18, compared with $45,000/day a month ago, and $165,000/day two months back, according to Platts data.
• US LNG export terminals tracked here;
• at that site: November 12, 2020: Calcasieu Pass update. Huge story.

Fossil Fuel Is Dead. Long Live Fossil Fuel! -- Indian Oil Consumption To Double By 2030 -- Double -- March 19, 2021

Link here. 

*************************************
Sclumber-Lithium

Link at ArgusMedia.

Keywords/phrases:

• Nevada
• pilot plant
• $15 million
• Clayton Valley, NV
• Pure Energy Minerals
• NeoLith Energy: Schlumberger subsidiary
• subsurface brine collection (hmmmm......)
• two million liters of water - one ton of lithium
• back-of-the-envelope:
• one liter = 0.264172 gallons
• two million liters = 500K gallons
• produced water from Bakken wells: link here;
• lithium from shale wells;