Wednesday, July 22, 2020
Finally, A New #1 Post -- July 22, 2020
Updates
July 23, 2020: the post (linked below) that was in the #1 spot for months is now not even showing up among the top ten. Disappeared completely.
Original Post
This post seemed to be in the #1 spot for months! I thought something was wrong with the algorithm that drove the "trending posts" at the sidebar at the right.
But finally, a new #1. And this one surged. I think it was just posted yesterday.
Amazing.
Road To New England; Road To New York -- July 22, 2020
Updates
July 23, 2020: Nick and I live in two different universes. First, note the amount of energy that wind contributes to overall energy consumption in NYC (below) and then read the oilprice headline story: renewable energy is seizing market share during the pandemic.
Later, 10:19 p.m. CDT: a reader noted, with regard to ISO New England below --
On the box to the left of the 'Fuel Mix Chart' (pie chart), is the 'Fuel Mix Graph'.
If you click on the 3 horizontal lines at the top of this box, actual numbers appear displaying the precise amount of contributory megawatts from each fuel source in 5 to 20 minute increments throughout the day.Today, at 11:20 AM Eastern Time, the region was consuming ~19,000 Megawatts overall.
Of this amount, wind contributed 33 Megawatts ... a share of less than one quarter of one parcent.
Comment: I don't know about you, but I find that absolutely amazing: of 19,000 megawatts overall, electricity demand/consumption, wind supplied all of 33 megawatts. Think about how many news stories we've been subjected to over the years regarding wind energy -- and this is all they have to show for it after all this time. Thirty-three megawatts out of a total of 19,000 megawatts.This, on perhaps the highest demand day of the year so far.
33/19,000 = not that it matters but that works out to 0.17% wind contribution. Not even half of a percent. Not ever a fifth of one percent.
Original Post
Link here.
ISO NY, link here: for all the ink the New York press devotes to wind energy --- here is wind energy contribution to NYC area:
Amazon uses a lot of electricity. Jeff Bezos was incredibly fortunate AOC stopped him from moving HQ2 to Long Island. Wow. He dodged a silver bullet.
If You Think The Traffic Is Bad Now -- Wait Until Tesla Moves In -- Austin, TX -- July 22, 2020
Austin and Texas: thrilled that AOC doesn't live here. As it was, a lot of folks from Austin, TX, said they were against it, at least according to reports. I don't know. I don't live there; seldom visit; and, don't have a dog in this fight. But having said that .... woo-hoo!
No longer a California company.
Link here.
No longer a California company.
Link here.
In one of the largest economic development projects in Austin’s history, electric automaker Tesla says it will build a $1.1 billion assembly plant in Travis County that will employ 5,000 people.
Wages at the factory — to be located on 2,100 acres off Texas 130 and Harold Green Road — will start at $35,000 annually, counting benefits, bringing job opportunities and investment to a southeastern portion of the county that officials say is sorely in need of them.
It will produce the electric vehicle maker’s upcoming Cybertruck electric pickup, as well as be a second site to build its Model Y SUV. Tesla officials previously have said they intend to break ground on the factory by the third quarter of this year, although CEO Elon Musk said Wednesday that initial work at the site actually began last weekend.
“The location is five minutes from (Austin-Bergstrom International Airport) and 15 minutes from downtown Austin,” Musk said, speaking on a conference call with Wall Street analysts following the company’s second-quarter earnings release.
No New Permits -- July 22, 2020
COP to buy Montney acreage in $375 million deal. From SeekingAlpha. See note of April 6, 2018, also.
OPEC basket: up to $44.29.
Active rigs:
No new permits.
Three permits renewed:
- ConocoPhillips agrees to acquire additional acreage in Canada's Montney shale from Kelt Exploration for $375M
- Conoco says the deal includes 140K net acres in the liquids-rich Inga-Fireweed asset Montney zone, directly adjacent to the company's existing Montney position and increases its acreage in the play to 295K net acres with 100% working interest.
- separately, Conoco says it initiated production from its Montney development during Q1, and production continues to ramp up from its first multi-well pad
- Conoco recently guided for Q2 production excluding Libya totaling 960K-980K boe/day, in-line with the prior-year period and ~5% below Q1 totals
OPEC basket: up to $44.29.
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Back to the Bakken
Active rigs:
| $41.85 | 7/22/2020 | 07/22/2019 | 07/22/2018 | 07/22/2017 | 07/22/2016 |
|---|---|---|---|---|---|
| Active Rigs | 11 | 55 | 67 | 58 | 32 |
No new permits.
Three permits renewed:
- Oasis: one Erickson permit in Burke County;
- Slawson: one Stallion permit in Mountrail County;
- XTO: one Edwards Trust Federal permit in McKenzie County
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