Tuesday, September 18, 2018

Blogging Delayed -- September 18, 2018 -- 100% Of Wells Coming Off Confidential List Today -- To DUC Status

Trump wins again: Germany will import US LNG. Won't amount to much in the short term, but over time ... who knows?

Boom! Bismarck developer lays plans for 2,800-home community. Huge story.

That didn't last long: those "green" decals in California. LOL. See bottom of the post.

Amazon: this is pretty cool. Last week I mentioned the Amazon vans in our neighborhood. Now this story tonight: Amazon just ordered 20,000 new vans.

Strange, strange day:
  • Dow (irrelevant) futures up 88 points
  • Trump announces more tariffs on China, and threatens to increase them by year-end -- only three months from now
  • Chinese stock market in free fall
  • Chinese billionaires losing billions
  • waiting for news of Chinese bankers jumping out of windows
  • WTI flirting with $70 again
  • UNP up an astounding4.17% in pre-market trading; up $6.54/share
  • headline: 2/3rds of Prime members would bank with Amazon -- maybe Amazon and Schwab will team up
  • OAS, NOG could have a huge day
  • wow, SRE up over 1%, and now trading above $120
  • ever since it was publicly released that Warren sold some of his COP (after the initial few days), COP has gone higher; meanwhile AAPL dropped like a rock yesterday; AAPL will trade a bit higher today
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

Blogging delayed: I was at Starbucks this morning at 6:00 a.m. or so, arriving by bike before sunrise. Unable to get connected to wi-fi.

Finally biked over to McDonald's -- got on to wi-fi immediately. So, I'm already behind.
Usually when I'm this far behind, it's not even worth blogging for the day.
So, we'll get started when we get started.

Very, very busy at McDonald's. Line very, very long.

Simply ordered on the kiosk and lo and behold, my order delivered to me a few minutes later.

Wells coming off the confidential list today: Tuesday, September 18, 2018
  • 34562, SI/NC, Abraxas, Ravin 10H, North Fork, no production data, 
  • 34559, SI/NC, XTO, Bobcat Federal 11X-2F2-S, Bear Creek, no production data,
  • 33739, SI/NC, Hess, BB-Federal B-151-95-2122H-6, Blue Buttes, no production data,
  • 31771, SI/NC, BR, Sanvan 8-1-29UTFH-ULW, Elidah, no production data,
Active rigs:

Active Rigs66563267199

RBN Energy: the crude oil hub at Cushing -- who owns what; how it's used.
The crude oil hub at Cushing, OK, has more than 90 MMbbl of tankage, 3.7 MMb/d of incoming pipeline capacity and 3.1 MMb/d of outbound pipes. That’s an impressive amount of infrastructure by any standard. The real marvel of the place, though, is the variety of important roles it plays and services it provides for a wide range of market participants — producers, midstream companies, refiners and marketers, as well as producer/marketer and refiner/marketer hybrids. To truly understand Cushing — what it does and how it works — you need to know the hub’s assets and how they fit together. Today, we continue a series on the “Pipeline Crossroads of the World” with a look at the companies that own Cushing storage capacity and how that storage is put to use.
Minor Notes

Enbridge: previously announced, from SeekingAlpha --
  • Enbridge announces deals to acquire all public equity of sponsored units Enbridge Energy Partners, Enbridge Energy Management, and Enbridge Income Fund Holdings, simplifying its corporate structure and detailing a plan proposed in May
  • EEP unitholders will receive 0.335 ENB common shares for each common unit owned, representing an 8.7% increase to the exchange ratio proposed by ENB on May 17
  • EEQ shareholders will receive 0.335 ENB common shares for each share owned, which is at parity with the EEP exchange ratio
  • EBGUF shareholders will receive 0.735 ENB common shares for each share owned plus C$0.45 cash per share, representing a 9.8% increase to the exchange ratio proposed on May 16, and 11.3% including the cash component
  • ENB bought out its Spectra Energy Partners subsidiary in a deal announced in August
Seeing "red." Governor Moonbeam says "green" decals bought before 2017 -- only two years ago -- no good. Need to buy a new car in 2019 if you want a "green" decal. Pretty funny.

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