Interesting: Shell won its court case against the imposition of an order to reduce its emissions by 45% in part because: The court agreed that if western firms pivot away from gas too quickly, net impact would be *bad* for the planet if their customers fill that gap with coal.

The Energy Secretary nod goes to Chris Wright Chris Wright He knows the energy industry, knows what is sensible and what is impractical. Doubt he will get Drill Baby Drill from the E&P industry, but we can count on him advocating for practical policy. #EFT #OOTT

Long laterals are more important than ever in the Permian Basin, with 25% of Midland Basin wells and 8% of Delaware Basin wells reaching three miles (or longer). How are these long wells producing compared to shorter laterals? My top plot shows the average normalized production

ABSOLUTE ROBBERY from Kevin Lankinen at one end and Conor Garland gets the OT winner going the other way 😱🫨

For anyone wondering what this looks like from 30,000 ft view. In tier-2 through 4 rock we see anywhere from a ~15% to 40%+ decline in capital efficiency and per foot productivity. Unless rig+frac count go up 15% to 40% production will decline into the end of the decade.

This is insane

Trump wants to make US refinery feedstock—and US consumer pump prices—more expensive via tariffs on Canadian crude. While at the same time reducing the value of US oil production by urging that OPEC+ produce more. It's... a choice.

Bill Ackman Former Blackhawk pilot here. I’ll try to describe it for you. Imagine you are looking at the world through toilet paper tubes, and everything is just different shades of green and black, with stars and ground lights hard to differentiate and aircraft lights that look the same

The biggest and the best #COM

$FANG and Double Eagle IV confirm plans to merge. $3 B in cash and 6.9 mm shares; $4.1 B EV. April 1 close. New development JV with DE to accelerate "lower quality acreage" with no capex to $FANG ("carry" by DE value TBD?) PR: diamondbackenergy.com/node/16671/pdf Presentation:

Love a good punchy line. 👊 From WM's note summarizing the bulk of reporting season. Lots in here on LNG, budgets, aggregate production changes, M&A mentality, changes in gearing, etc. in case clients might not have seen it yet. my.woodmac.com/document/15035…

I can't think of *any* theory of the economy where you would tax imports of goods your country can't make, which are inputs to things you can make (resources and ag, most obviously).

A majority of Quebec (~60%) supports a pipeline that would have to go through Quebec. Quebec! 🤯

NEW 🧵 A quick thread of charts showing how Trump’s economic agenda is going so far: 1) Trump has had the same impact on economic uncertainty as a global pandemic.

The blue line is where Pierre Poilievre’s Conservatives were in the 🇨🇦 polls for the last 16 months. Dominant. O Say Can You See the moment when Trump started talking about annexing Canada & punitive tariffs, which the failing Liberals (red line) made central to their campaign?

Well, the coach just quit and the captain won't return the president's calls and there was that big rift between the top two centres, forcing a trade and leaving the one who's completely lost his game, but other than that....oh wait, Demko's injury...but other than that!

E&P mkt laggards today nailed most of the weakest cos, IMO $VTLE $BTE $BRY $KOS $APA $CIVI $AMPY $HPK $REI

Vancouver Canucks General Manager Patrik Allvin announced today that the club has agreed to terms with defenceman Tom Willander on a three-year, entry-level contract starting in 2025.26.

🍨🍦 ICE CREAM INFLATION 💸📈 Oil, copper, gas, corn and many others have occupied plenty of time during my career covering natural resources. But today I’m talking about another commodity rarely discussed: coconuts. And why they mean more expensive ice creams. @Opinion🧵1/15

THE BEST IN THE WEST 🏆 Your Abbotsford Canucks are the 24.25 Western Conference Champions!!!