Drilled, Completed, DUCs -- Bakken -- October, 2022, Data

Bakken DUCs -- spreadsheet sent by reader, thank you very much:

Month/Year	Bakken
	Drilled	Completed	DUC
Dec-13	--	--	603
Jan-14	174	143	634
Feb-14	214	158	690
Mar-14	216	218	688
Apr-14	220	207	701
May-14	216	208	709
Jun-14	237	225	721
Jul-14	257	243	735
Aug-14	229	207	757
Sep-14	250	232	775
Oct-14	186	243	718
Nov-14	209	202	725
Dec-14	224	194	755
Jan-15	197	193	759
Feb-15	230	151	838
Mar-15	182	170	850
Apr-15	142	127	865
May-15	124	139	850
Jun-15	110	135	825
Jul-15	102	124	803
Aug-15	111	101	813
Sep-15	99	92	820
Oct-15	118	84	854
Nov-15	100	89	865
Dec-15	98	78	885
Jan-16	71	80	876
Feb-16	61	41	896
Mar-16	68	45	919
Apr-16	43	39	923
May-16	46	59	910
Jun-16	42	54	898
Jul-16	45	56	887
Aug-16	53	82	858
Sep-16	49	66	841
Oct-16	59	85	815
Nov-16	61	86	790
Dec-16	53	49	794
Jan-17	62	52	804
Feb-17	51	58	797
Mar-17	78	71	804
Apr-17	78	104	778
May-17	94	82	790
Jun-17	76	105	761
Jul-17	95	103	753
Aug-17	99	110	742
Sep-17	98	97	743
Oct-17	104	110	737
Nov-17	93	86	744
Dec-17	77	65	756
Jan-18	107	72	791
Feb-18	74	74	791
Mar-18	95	90	796
Apr-18	109	110	795
May-18	124	131	788
Jun-18	108	118	778
Jul-18	134	155	757
Aug-18	108	138	727
Sep-18	108	122	713
Oct-18	120	118	715
Nov-18	110	99	726
Dec-18	108	70	764
Jan-19	120	71	813
Feb-19	108	56	865
Mar-19	111	110	866
Apr-19	118	112	872
May-19	127	127	872
Jun-19	118	149	841
Jul-19	122	122	841
Aug-19	122	144	819
Sep-19	110	88	841
Oct-19	116	108	849
Nov-19	96	88	857
Dec-19	94	86	865
Jan-20	99	98	866
Feb-20	94	100	860
Mar-20	94	108	846
Apr-20	69	33	882
May-20	33	14	901
Jun-20	18	11	908
Jul-20	18	22	904
Aug-20	19	27	896
Sep-20	18	51	863
Oct-20	19	41	841
Nov-20	20	31	830
Dec-20	20	50	800
Jan-21	20	41	779
Feb-21	19	24	774
Mar-21	25	45	754
Apr-21	27	46	735
May-21	29	62	702
Jun-21	31	33	700
Jul-21	32	61	671
Aug-21	39	69	641
Sep-21	42	78	605
Oct-21	43	78	570
Nov-21	46	62	554
Dec-21	52	55	551
Jan-22	53	72	532
Feb-22	64	75	521
Mar-22	66	76	511
Apr-22	58	65	504
May-22	75	76	503
Jun-22	75	77	501
Jul-22	75	79	497
Aug-22	76	78	495
Sep-22	78	79	494
Oct-22	77	77	494

Twenty Permits Renewed -- WSJ Schooled / Played — Can’t Wait To See How The WSJ Reports This Tomorrow — Twitter Already On Top Of This Story — November 21, 2022

Peter Zeihan, on Nord Stream: 

Saudi oil production increase: [later — turns out WSJ article was a “hoax.” More tomorrow. Heading to bed. LOL. Saudi first.]

• link here to The WSJ -- for the archives; I have no interest in the article
• does anyone really know what the increase will be?
• the article says 500,000 bopd for all of OPEC -- and it's just talk
• on the agenda for the December 4, 2022, meeting
• last month it was a cut of 2 million bopd
• so, the numbers are all background noise
• with regard to sovereign immunity for MBS, The WSJ has it exactly right
• in general, "we" don't "target" heads of state
• Libya's Gaddafi was a one-off, and that issue was much, much different, and even so, many European nations did not support US action at that time;
  
• we don't need rogue nations suing / targeting US presidents
  
• bottom line: this entire story is much ado about nothing to coin a phrase

OPEC production, historical, most recent data:

• 500,000 / 30 million = 1.7%
• one year:

• three years:
  

US refining capacity: this will be a fascinating story to watch over the next three decades; is the US ceding refining capacity to China? Looking thirty years out; link to Robert Rapier via oilprice.

• The U.S. energy policy is clear about its intention to phase out fossil fuels.
• This has forced refiners to exercise caution in order to stay afloat. 
• It has also resulted in a loss of U.S. refining capacity. 

According to the Energy Information Administration (EIA), at the beginning of the pandemic U.S. refiners had 19.0 million barrels per day (BPD) of operable refining capacity. This was the highest number ever reported by the EIA.

By December 2021, that number had fallen to 17.9 million BPD — a loss of 1.1 million BPD of capacity in less than two years.

1.1 / 19 = 5.6%.

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Back to the Bakken

Active rigs: 37.

WTI: $79.73.

Natural gas: $6.701.

No new permits.

Twenty permits renewed:

• BR (15): four Concord permits in Dunn County; one Fritz Falls permit and one Harry Dunne permit, both in Dunn County; six Tilton permits, all in Dunn County; a Lloyd Christmas permit, a Scottvale permit, and a Rifle Person permit, all in Dunn County.
• Hess (3): three AN-Lone Tree permits in McKenzie County;
• Liberty Resources (2): a Christine permit and an LTM permit, both in Mountrail County;