Masters: one for the ages.
- one highlight: Cameron Smith, #12
- favorite post-tournament interview: with Rory McIlroy
- best round ever? McIlroy's fourth round, 2022; 64 strokes
- Scheffler:
- mother, big firm lawyer; her own successful firm moved from NJ to TX when Soctt was a child
- father: stay-at-home dad
- Texas: takes their sports seriously; very seriously
Covid:
- watching China confirms that the US, and perhaps much of the western world threaded the needle;
- US releasing significant amount of vaccine
- currently the US releases "no" vaccine on Sunday; rest of week, about 500,000 doses per day
- most recent week:
- Sunday: 1.7 million doses; all-time record for a Sunday? Certainly in recent memory
- Friday: 1.7 million doses
- Thursday: 1.2 million doses
- Wednesday: 1.3 million doses
- these are incredible numbers
- reminder: judge rules in favor of Biden -- federal employees must be vaccinated
- Hong Kong: we'll get to this in a stand-alone post; very interesting; another meme.
- investment thoughts, coming.
Diesel: will still be one of top five energy stories for 2022.
- question not be asked: why is diesel such a problem for refiners?
- France, UK, Germany: biggest buyers of Russian diesel; great graphic; Platts.
- personal observation from a trucker crossing North Dakota / Montana:
Electricity: US consumers are so incredibly fortunate. Why do they want to break something that is not broken? EIA. Great graphic.
India: March, 2022, fuel demand hits 3-year high; petrol sales at all-time peak.
WTI: broke below $96.
Oil trending down:
- bad: oil trending down.
- good: $5- and $6-gasoline not good for the US
Libya: background noise; I have little interest in Libya, but thought this interesting enough to post:
Spare capacity: OPEC+ with no real spare capacity -- Nigerian oil minister.
******************************
Back to the Bakken
Whiting's Lacey wells in the Sanish
- several new Lacey wells coming off confidential list this week;
- most of the older neighboring wells are still off line
- the few older neighboring wells back on line show moderate halo effect
Active rigs:
$95.75
| 4/11/2022 | 04/11/2021 | 04/11/2020 | 04/11/2019 | 04/11/2018 |
|---|
| Active Rigs | 39 | 15 | 36 | 63 | 59 |
Monday, April 11, 2022: 23 for the month, 23 for the quarter, 182 for one year
- 38514, conf, CLR, Thorp Federal 4-28H, Little Knife, no production data,
- 37014, conf, CLR, LCU Ralph 3-27H1, Long Creek, no production data,
- 36105, conf, CLR, Gordon Federal 3-5H, Haystack Butte, nice well;
Sunday, April 10, 2022: 20 for the month, 20 for the quarter, 179 for one year
- 38553, conf, Crescent Point, CPEUSC Pankake 6-6-7-157N-99W-MBH, Dublin, no production data,
Saturday, April 9, 2022: 19 for the month; 19 for the quarter, 178 for the year
- 38554, conf, Crescent Point, CPEUSC Pankake 5-6-7-157N-99W-MBH, Dublin, no production data,
- 38515, conf, CLR, Thorp Federal 5-28H1, Little Knife, no production data,
- 37712, conf, Hess, EN-Johnson A-LE-155-94-2932H-1, Alkali Creek, a nice well;
RBN Energy: unseen costs of the energy transition: minerals and metals, part 2. Even RBN Energy has transitioned to "energy transition."
On March 24, 2022, in the wake of the still-unfolding crisis in Ukraine,
“energy and climate ministers” from 40 countries convened in Paris for
an International Energy Agency summit to send a “strong message of
unity” regarding energy security and to issue a consensus on
accelerating “clean energy transitions worldwide.”
But there are already
strong signals that accelerating the construction of solar and wind
power systems, battery storage and electric vehicles (EVs) won’t be easy
and won’t be cheap.
One of the greatest challenges ahead is this: The
minerals and metals that will be needed to build it all may not be
available in the massive, almost unthinkable volumes that will be
required. And the materials that will be available may cost a lot more —
maybe even enough to force a scale-back of energy transition goals.
There was already evidence of impending shortages and higher prices well
before Ukraine was invaded by Russia. And the price inflation has
worsened considerably since then, in part because Russia is a major
supplier of many key commodities. In today’s RBN blog, we discuss the
major cost challenges of pursuing the energy transition.
*********************************
Initial Production
36105, CLR, Gordon Federal, Haystack Butte, the Gordon Federal wells are tracked here.
| Date | Oil Runs | MCF Sold |
|---|
| 2-2022 | 21879 | 41004 |
| 1-2022 | 30933 | 50307 |
| 12-2021 | 32778 | 48793 |
| 11-2021 | 31246 | 42733 |
| 10-2021 | 353 | 0 |
37712, Hess, EN-Johnson, Alkali Creek,
| Date | Oil Runs | MCF Sold |
|---|
| 2-2022 | 15774 | 25557 |
| 1-2022 | 18478 | 27318 |
| 12-2021 | 15662 | 25746 |
| 11-2021 | 26089 | 45434 |
| 10-2021 | 26780 | 38825 |
