Initial Production Data For Wells Coming Off Confidential List This Next Week -- August 1, 2021

The wells:

• 37405, conf, CLR, Gale 12-32H, Cedar Coulee, no production data,
• 37606, conf, CLR, Carus 3-28H, Cedar Coulee, no production data,
• 37854, conf, CLR, Carus 14-28H1, Cedar Coulee, no production data,

Wells Coming Off Confidential List This Next Week -- August 1, 2021

Monday, August 9, 2021: 3 for the month, 14 for the quarter, 194 for the year:
37405, conf, CLR, Gale 12-32H,

Sunday, August 8, 2021: 2 for the month, 13 for the quarter, 193 for the year:

Satruday, August 7, 2021: 2 for the month, 13 for the quarter, 193 for the year:

Friday, August 6, 2021: 2 for the month, 13 for the quarter, 193 for the year:

Thursday, August 5, 2021: 2 for the month, 13 for the quarter, 193 for the year:

Wednesday, August 4, 2021: 2 for the month, 13 for the quarter, 193 for the year:
37606, conf, CLR, Carus 3-28H,

Tuesday, August 3, 2021: 1 for the month, 12 for the quarter, 192 for the year:

Monday, August 2, 2021: 1 for the month, 12 for the quarter, 192 for the year:
37854, conf, CLR, Carus 14-28H1,

Sunday, August 1, 2021: 0 for the month, 11 for the quarter, 191 for the year:
None.

Saturday, July 31, 2021: 11 for the month, 11 for the quarter, 191 for the year:
None.

Notes From All Over -- Clearing Off The Energy Editor's Desk -- July 31, 2021

I told the "energy editor" to take the day off. I would clear her desk.

US oil demand, May, 2021, link here:

• 20.094 million bopd -- huge
• compared to 2019: down only 1.4%; only 293,000 bopd less
• compared to last year, 2020, the year of the pandemic: up 25%; up almost four million bopd
• this is huge

New Mexico: oil output rises; signaling a modest shale recovery. Link here.

• headline is lame
• lede: New Mexico's oil production surged to a record in May
• New Mexico produced about 4% more crude m/m to reach a record 1.22 million bopd
• tops North Dakota for the third straight month
• the Permian’s New Mexico is being favored over North Dakota, where higher production costs have historically curbed profits
• U.S. oil production stood at 11.2 million barrels a day in May, nearly a million barrels a day less than the same month in 2019

Chevron: doubles down on returns

• $2 - $3 billion share buyback, FWIW
• raised dividend earlier this year
• EPS: $1.71 vs estimates of $1.60
• Tengiz budget of $42.5 billion unchanged
• demand is almost fully recovered except for jet fuel

Plastics: propelled Exxon to its best quarter in more than two years; earned almost $5 billion

• Exxon's petro-chemical unit: had its best 3-month period ever; delivered $2.3 billion in profits, nearly half the company's total; previously posted;

ENB: strong 2Q21; advances strategic priorities; link here. Beats estimates, link here.

Gasoline Demand -- July 31, 2021

Link here to see story and comments.

Dell Cannot Ship Some High-Power-Consumption PCs To Western States -- July 31, 2021

Two readers sent me this link today.

This is one of those articles that seems so incredible that a) it needs to be fact-checked; and, b) if accurate, we need to check back in on this one year from now.

If accurate, it suggests that either the grid is tighter/more fragile than we realize or the legislators are simply insane.

And if this is "where we are" today, how in the world can "we manage" EVs? 

I must surely be missing something. 

The headline:

Dell Cannot Ship Alienware PCs to Certain US States Due to Power Regulations.

From the linked article:

Sometimes the fight for energy efficiency and low power consumption takes rather ugly forms. High-performance desktop gaming PCs obviously consume a lot of power and their relative power efficiency is lower when compared to that of small form-factor systems. Which is why Dell can no longer ship some of its Alienware gaming desktops to California, Colorado, and some other states. There are a number of catches though. 

Dell's high-performance Aurora R10 and Aurora R12 (both Intel and AMD-based) desktops "cannot be shipped to the states of California, Colorado, Hawaii, Oregon, Vermont or Washington due to power consumption regulations adopted by those states," a notice over the company's website reads. The reason why Dell cannot ship such systems to California is because the California Energy Commission (CEC) adopted tighter appliance energy principles that outline a compulsory energy efficiency standard for PCs starting July 1, 2021, The Register reports. 

The new standards are largely based on Energy Star Computer Program and define power consumption of PCs (all kinds of PCs, including thin clients and handheld devices) in non-active states (short-idle, long-idle, sleep, and off) as well as their maximum power consumption per year. All types of power consumption are tied to the PC's expandability score (ES) (its concept was described by Energy Star several years ago) that takes into account things like high-performance graphics cards, system memory bandwidth, high-speed external ports, and other things.