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• US Energy Secretary Offers Olive Branch to Oil and Gas Industry
  Energy Secretary Jennifer Granholm extended an olive branch to...
  Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry, telling executives at a meeting in Washington that she recognizes fossil fuels will be around for a long time, even as the Biden administration works to transition away from them to cleaner alternatives.
  
  “We are eager to work with you,” she said at the Wednesday meeting of the National Petroleum Council, an outside federal advisory group that includes executives from Exxon Mobil Corp. and Royal Dutch Shell Plc. “Moving too fast could have unintended consequences that hurt people, cause backlash.”
  
  Her remarks come at the end of the year that’s seen a deterioration in the relationship between the industry and the White House. Biden has accused fossil fuel companies of price gouging and has weighed additional taxes on their profits as well as curbs on exports of refined oil products.
  
  Granholm nodded to that friction Wednesday, beginning her remarks by acknowledging the “elephant in the room” and that the administration has “butted heads” with industry. Fossil fuel production will need to increase in the near future to meet growing demand, including a shortage of diesel in the Northeast US, she said.
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• ☕️What Else is Brewing Wednesday Morning
  Twitter has not paid rent for its San Francisco HQ or its other global offices in recent weeks as it...
  Twitter has not paid rent for its San Francisco HQ or its other global offices in recent weeks as it tries to trim costs, the NYT reports.
  
  Ford’s electric F-150 Lightning was named MotorTrend’s truck of the year.
  
  United Airlines is making a big bet on air travel, buying 100 Boeing 787 Dreamliners with the option to buy 100 more.
  
  Westworld and The Nevers are being removed from HBO Max.
  
  
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• Why Okla. might not reach previous oil job highs
  The state of Oklahoma will continue to have issues hitting previous highs for oil jobs for various reasons,...
  The state of Oklahoma will continue to have issues hitting previous highs for oil jobs for various reasons, said Thorberg Collectorate partner and chief economist Russell Evans, including the political effort to create jobs of similar skillsets in other sectors. Charter Oak Production Co. land manager Andy Kapchinske said, "At the end of the day, I'm hopeful that we can we can start seeing sustained prices that I think will bring more people back into these jobs."
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• EIA: US dry gas production is on a record-setting streak
  US dry natural gas production set new monthly records of more than 100 Bcf/d in October and November...
  US dry natural gas production set new monthly records of more than 100 Bcf/d in October and November and is on track to reach a record annual average of 98 Bcf/d this year before touching a new all-time high in 2023, according to the Energy Information Administration. The Haynesville Shale and Permian Basin, enabled by pipeline infrastructure expansions, have been the primary growth contributors.
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• More Uncompleted Wells Is Latest Sign of US Shale Slowdown
  (Bloomberg) -- US oil and gas companies fracked fewer wells than they drilled for the second consecutive...
  (Bloomberg) -- US oil and gas companies fracked fewer wells than they drilled for the second consecutive month, the latest sign of a slowdown in American shale despite relatively high prices and concerns about a global energy crunch.
  
  The number of drilled but uncompleted oil and gas wells, also known as DUCs, rose by 22 from the prior month to 4,443 in November, the US Energy Information Administration said Monday. That comes after a 27-month-long streak of declines in DUC count, the longest according to EIA records dating back to the early days of shale.
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