May 2nd, 2022

Today's newsletter is the last Rock Report from Mudrock Energy. I have returned to Arsenal Resources as the Director of Geology and Development Planning. 

 

With this transition, Mudrock Energy is pivoting away from consulting and toward managing its investment holdings.

 

Thank you to all of my clients and supporters over the past two years.

March Activity Summary

 

Largest Change by Basin

Oil: Permian +13 Hz Rigs

Gas: Haynesville +2 Hz Rigs

 

Latest drilling rig info &

interactive charts and maps

Click below

 
Rig Update

Sources: Baker Hughes, EIA, Mudrock Energy

(most recent data as per bulletin date)

Primary Vision no longer offering free public frac reports

Popular Mudrock Energy Posts

This month's newsletter is highlighting portions of the Solar Capacity article.

 

Seasonal Variation

 

As expected, there is a significant difference between summer and winter.

 

In my area, the June capacity factor is approximately 19%. However, in December, the value drops to about 5%.

 
Full Post
 

Northern Latitudes

 

The Northern Plains is one area that stood out. In these higher latitudes, the seasonal shift is very apparent. Summer capacity factors are very high, but the winter values drop significantly.

 

 
Full Post

Capacity Factors vs Latitude

 

The plot on the left highlights the difference in capacity factor between June and December based on latitude.

 

The higher latitudes show a large seasonal capacity factor decline.

 
Full Post

Other Industry News

Drilling rig prices are spiking in the U.S. shale patch

(Bloomberg) - After driving up prices for everything from steel pipe s to frac sand to labor, inflation has finally ensnared the centerpiece of oilfield equipment: the drilling rig. Rig prices are spiking in the U.S. compared to the rest of the world, promising profits at multiyear high for oilfield contractors.

EQT may invest in US LNG facility as upstream producers tap international markets

Highlights Country's biggest gas driller has broad strategy Delivered prices to Europe and Asia up sharply year on year The US' biggest upstream natural gas producer, EQT, may take an equity stake in an LNG export project as it seeks to capture the strong margins between relatively cheap domestic feedgas and high spot prices for cargoes delivered to end-user markets.

Pa. landowners have dealt with coal, oil and gas rights. Now, there are pore rights.

The next iteration of energy production in southwestern Pennsylvania is likely to lead where its predecessors began: to landowners' doors.

CNX and Evolution Well Services Announce Long-Term Contract Extension for Electric Fracturing in Appalachia

PITTSBURGH , April 26, 2022 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) and Evolution Well Services ("Evolution") are pleased to announce a four-year extension of their current partnership. CNX Chief Operating Officer Chad Griffith commented, "When we began working with Evolution, we knew this was the next step change on the efficiency frontier that has contributed to CNX being the lowest cost operator in the Appalachian Basin.

North American oil companies scramble to find workers despite boom

April 29 (Reuters) - When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas. But his next jobs brought one mishap after another.

Welcome to the Rock Report.

Released monthly, the bulletin highlights popular posts from Mudrock Energy, a monthly horizontal rig summary, and third-party news and papers.

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The Rock Report is for informational purposes only - it is not investment advice.

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