Locator: 46800RUSSIA.
The Million Dollar Way (The Bakken Oil Blog)
Monday, March 18, 2024
My Favorite Chart -- March 18, 2024
Locator: 46799CHART.
I got a kick out of the "talking head" on CNBC this morning who said "all that stimulation money was spent." There are several story lines here but I don't have time. Maybe I'll talk about it later but it begins in these charts, and doesn't include stimulation money --
The chart was updated today. And another jump / increase -- must be getting close to $7 trillion. See here also, but it only goes through October 2023. This site is most current.
In Late Afternoon Trading, WTI At $82.80 -- Four New Permits; One DUC Reported As Completed -- March 18, 2024
Locator: 46798INV.
No recommendations; see disclaimers.
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The Daily Activity Report
WTI: $82.72.
Active rigs: 39.
Four new permits, #40599 - #40602, inclusive:
- Operators: WPX (2); True Oil (2):
- Fields: Moccasin Creek (Dunn County); Bowline (McKenzie)
- Comments:
- WPX has permits for two Paul Peter Coffee wells, NWNE 35-148-93;
- one to be sited 285 FNL and 1553 FEL;
- the other to be sited 260 FNL and 1536 FEL;
- True Oil has permits for two Slash Federal wells,
- both to be sited 215 FSL with one to be sited 1144 FEL and the second, 1112 FEL;
One producing well (a DUC) reported as completed:
- 36579, 952, XTO, Tong 34X-9A, Midway;
- well of interest:
- 22978, 603, XTO, Tong 34X-9B, Midway, t12/12; cum 95K 7/23; off line since 7/23; stimulated 12/1/12; 30 stages; 69,735 bbls; 272,916 lbs proppant;
Fisker To Halt Production -- Seek Cash Infusion -- Rivian To Access Tesla Chargers -- March 18, 2024
Locator: 46797EVS.
Meanwhile, Rivian:
EVs: link here.
- scorecard
- cash burn
- graphite
- not for me.
- "Energy transition is dead" is followed here.
- EVs charging.
- cold weather -- reality sets in -- January, 2024
- resale value -- a deal-breaker
Dashboards -- March, 2024
Locator: 46796B.
- EIA pdf, Bakken: https://www.eia.gov/petroleum/drilling/pdf/bakken.pdf
- EIA, pdf, Permian: https://www.eia.gov/petroleum/drilling/pdf/permian.pdf
- EIA, pdf, Eagle Ford: https://www.eia.gov/petroleum/drilling/pdf/eagleford.pdf