Thursday, June 20, 2019

USA Women's - Sweden -- 2 - 0 -- June 20, 2019

Soccer, world cup, women's. US team advances to final 16. Link here.

Two brackets. The final 16 round, June 22 - June 25.

US plays Spain, June 24.

By losing to the US, Sweden avoids France (unless both get to the finals). Sweden and France are in different brackets. France is ranked fourth. Rankings here.

On June 28, assuming the US beats Spain, the US will face the winner of the France - Brazil game (June 23).

So, while the US might face high-ranking France early, Sweden could face even higher-ranked Germany (ranked #2) at the same time.

Bottom lines, link here:
  • no games until June 22, 2019 (Saturday)
  • games Americans will be watching
  • top bracket
    • US vs Spain (Monday)
    • France vs Brazil  (Sunday)
  • bottom bracket
    • Sweden vs Canada (Monday)
    • Germany - 3 vs Nigeria - 0 
First update: Norway defeats Australia
  • June 22, 2019: Norway vs Australia, full time, 1 - 1
  • Norway wins on penalty shots (4 - 1).
  • First time since 2003 that Australia did not get to the quarter finals, the final 16.
Second update:
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Notes to the Granddaughters

Flashback, to 2016:

Sophia taking care of the pool

Bakken Update Over At Oilprice -- June 20, 2019

Link here.

Previously reported / posted.

Emphasizes rig count. Ignores DUCs and inactive wells.


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Harold Hamm To Keynote EnerCom
Denver, CO -- August 13, 2019

PR link here.

California Utility Hits New High --SRE -- June 20, 2019

SRE hit a new 52-week high, which I believe is an all-time high. This is a utility trading at almost 40x earnings.

AAPL is trading at 17x earnings.

Which reminds me, I need to watch Vertigo again some evening.

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.

Random Look At Jump In Production Of A Well One Quarter Mile Away From Recently Fracked Wells -- June 20, 2019

This well has not been re-fracked.

It is one-quarter of a mile west of fracked wells. See this post. Originally reported here.

The well:
  • 16791, 436, BR, Demicks Lake 41-18H, Dimmick Lake, t3/08; cum 152K 4/19; 
Production data of interest:
BAKKEN10-20183136173730593601159340
BAKKEN9-20183042064140695889688220
BAKKEN8-20183160106223130012113120360
BAKKEN7-201831336730201066447243950
BAKKEN6-20180000000
BAKKEN5-2018828020814414210
BAKKEN4-2018300001151724
BAKKEN3-20182724842564296377137040
BAKKEN2-201828517156211170736972990
BAKKEN1-201831272624031230356734900
BAKKEN12-2017272777281212414082396154
BAKKEN11-201730462848691671565455800
BAKKEN10-2017610357002708913712186
BAKKEN9-20172040010078028
BAKKEN8-20173165021081219
BAKKEN7-20172859051153015
BAKKEN6-2017301012261106293
BAKKEN5-2017317101112350
BAKKEN4-20172563221206132700

Random Update Of Two Incredible CLR Wells In Elm Tree -- June 20, 2019

This page will not be updated.

I was just curious how these two wells were doing.

Charolais:
  • 32605, 1,995, CLR, Charolais North Federal 1-3H1, first bench of Three Forks, Elm Tree; 46 stages, 10 million lbs; bottom hole location 204' FSL & 1320' FEL, SWSE 10-153-94; 1280-acres; sections 3/10-153-94; t9/15/16; as of 12/16: cum 614K 4/19; 
  • oil: 613,812 bbls
  • gas: 951,491 MCF = 158,555 boe
  • total cum: 772,367 boe in about 2.5 years
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20192788858894264315879416611381
BAKKEN3-201931109111092637402069019542748
BAKKEN2-201928103651044434101866817407906
BAKKEN1-2019311141911335366715904128522678
BAKKEN12-201831123331231941171588996355846
BAKKEN11-2018301181911793381615997100415565
BAKKEN10-2018311161611692357014490363310467
BAKKEN9-2018291143711060334514418115272530
BAKKEN8-2018301029410723329215814142541216
BAKKEN7-201831129881297245683214330775955
BAKKEN6-201830134201329747713421433641176
BAKKEN5-201831149481512755943653435666619
BAKKEN4-201830155301554452282573324723771
BAKKEN3-201831163371622954351991819461220
BAKKEN2-201828124621249639011926918714354
BAKKEN1-201831172551740558492739426437712
BAKKEN12-2017311864318591673127060268055
BAKKEN11-201729178241784358562335423026102
BAKKEN10-2017312042620388733131162245945823
BAKKEN9-201730203202026466573573334051945
BAKKEN8-201731233522328981694015039224158
BAKKEN7-201731266942672794954733546091480
BAKKEN6-2017302771927841885946276449241112
BAKKEN5-2017313233732308102455035649745363
BAKKEN4-201730313333148510461474524712692
BAKKEN3-2017302931429310873242244406781344
BAKKEN2-20172829471291121126545275439351118
BAKKEN1-20173133296335421127249681470842382
BAKKEN12-20163133811334181037546182430322949
BAKKEN11-20162432850326801019539233346574426
BAKKEN10-2016291791618270705325437193445861
BAKKEN9-201615164291604443561159911216320
BAKKEN8-20162580102800

Brangus:
  • 32606, 2,305, CLR, Brangus North 1-2H2, Elm Tree, second bench of the Three Forks, 46 stages, 10 million lbs; 19 days of total drilling; within the target zone 94% of the total 9,852' of lateral section; this well is easily exceeding a 900,000 EUR type curve; link here; additional information here; and here; cattle names here; bottom hole location 236' FSL & 2014' FWL, SESW 11-153-94; March, 2016, a name change from Brangus Federal 1-2H1 to Brangus North 1-2H2; 1280-acre unit, sections 2/11-153-94; t9/2/16; cum 589K 4/19 oil;
  • oil: 588,905 bbls
  • NG: 995,097 MCF = 165,822 boe
  • cum: 754,727 boe in less than three years
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2019278019800831521650595046363
BAKKEN3-2019319092909638992344422241423
BAKKEN2-20192887688814372922798209661138
BAKKEN1-20193198129764405223271199242578
BAKKEN12-2018311038310418449026795184177581
BAKKEN11-2018301083010823470224334212692302
BAKKEN10-2018311165911701494721670640714501
BAKKEN9-20182891878879423116660145061467
BAKKEN8-2018308375875037381869717071943
BAKKEN7-201831126301261253902289921935156
BAKKEN6-20183012890127965612230932221999
BAKKEN5-201831141001421259912520123379505
BAKKEN4-2018301261012218576522948204251281
BAKKEN3-2018311291113348499328476262291032
BAKKEN2-2018281178911782457423954186334265
BAKKEN1-2018311510715158613027534235522700
BAKKEN12-2017311564715570677536376332271844
BAKKEN11-2017301608915935646534227311741803
BAKKEN10-2017311715717229733631572275683235
BAKKEN9-2017301749317449776932007284702776
BAKKEN8-201731190911892882353701835971253
BAKKEN7-201731208932106796743791437025150
BAKKEN6-20173019417195381049629067264061018
BAKKEN5-2017312264422700105833677434419631
BAKKEN4-201730243972433310183378753710349
BAKKEN3-2017312748327535106633923438146860
BAKKEN2-20172826466265111175238396366381537
BAKKEN1-2017313150131527126724384843048554
BAKKEN12-2016312653326022859835159305894367
BAKKEN11-20163035708362471526749219453993608
BAKKEN10-201631418984178017229570293998816799
BAKKEN9-20163046934467301678650321418508232
BAKKEN8-20162139210007187827730

Five New Permits; WTI Surges; Active Rigs At 64 -- June 20, 2019

For the archives: this was the day that it was reported that Iran claimed to have down a $100-million US drone.  WTI surges over 5%; up for $3/bbl.

Active rigs:

$56.866/20/201906/20/201806/20/201706/20/201606/20/2015
Active Rigs6462562977

Six new permits:
  • Operators: BR (3); Petroshale (2)
  • Fields: Elidah; Croff;
    • BR has permits for a three-well West Kellogg pad in lot 3/section 6-151-97, Elidah oil field
    • Petroshale has permits for a two-well Anderson South pad in section 15-149-96, Croff oil field
Two permits renewed:
  • Whiting: a Pronghorn State Federal permit in Billings County
  • Slawson, a Jore Federal permit in McKenzie County
Six producing wells (DUCs) reported as completed:
  • 35577, n/d, CLR, Carus ... , Cedar Coulee, no production data,
  • 35548, n/d, CLR, Carus ... , Cedar Coulee, no production data,
  • 35549, n/d, CLR, Carus ... , Cedar Coulee, no production data,
  • 35550, n/d, CLR, Carus ... , Cedar Coulee, no production data,
  • 35578, n/d, CLR, Carus ... , Cedar Coulee, no production data,
  • 35547, n/d, CLR, Carus ... , Cedar Coulee, no production data, 
    • neighboring wells
      • 21974, IA/379, CLR, Carus...t7/13; cum 292K 2/19; off line as of 2/19;
      • 16648, IA/508, CLR, Carus...t8/07; cum 302K 2/19; off line as of 11/18;
      • 24223, IA/400, CLR, Hawkinson ..., Oakdale, t9/13; cum 335K 3/19; offline as of 3/19;
      • 24224, IA/681, CLR, Hawkinson ..., Oakdale, t9/13; cum 411K 3/19; offline as of 3/19;
      • 24225, IA/809, CLR, Hawkinson ..., Oakdale,  t10/13; cum 228K 3/19; offline as of 3/19;
      • 18275, IA/1,020, CLR, Hawkinson ..., Oakdale,  t2/10; cum 714K 3/19; offline as of 3/19;

Notes From All Over -- Part 8 -- June 20, 2019

Following this report, TSLA drops 3% on a day that the market is surging.


Until I saw this, it was my impression that Tesla was going to have an incredible quarter.

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The Macroeconomics Page

It was my understanding this should not happen --

US debt estimated to be $22 trillion ...

Ten-year Treasury yield drops below 2% ...


Wouldn't one expect the Treasury yield to surge after the US is shown to have $22 trillion in debt? Knowing that the US will have to inflate its currency in the future, wouldn't an investor in US bonds want a higher return? Maybe I'm missing something. 

By the way, $12 trillion in non-US global bond debt is at a negative yield.

Cognitive dissonance.

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There Won't Be Anymore

From wiki:
"There Won't Be Anymore" is a song written and recorded by Charlie Rich. Recorded in the 1960s, it was released as a single at the end of 1973, and was his fourth No. 1 hit on the Billboard Hot Country Singles chart in March 1974, and a top 20 pop hit as well.
Rich's version was recorded during his stint at RCA's rhythm and blues subsidiary, Groove Records, and his association with producer Chet Atkins, one of the architects of the Nashville Sound.
Like many of Atkins-produced songs of the era, "There Won't Be Anymore" featured choral backing and strings, a style prominent on other Rich recordings of the time. The song also featured a saxophone solo at the introduction and again during mid-song bridge. Allmusic reviewer Stephen Cook said that Rich's musical style "landed somewhere between the raw sound of his Sun hits ... and the pop crossover tone of his Epic smashes."

Although recorded in the mid-1960s, "There Won't Be Anymore" was not released as a single until 1973, after Rich had million-selling hits on Epic with "Behind Closed Doors" and "The Most Beautiful Girl." Rich's chart success led the labels that owned his older recordings—RCA, Mercury and Sun—to look for potential hits among the Rich tracks in their vaults. One of the first such songs to be released as a single was "There Won't Be Anymore." An earlier blues version of "There Won't Be Anymore" was recorded at Sun by Rich in the late 1950s/early 1960s.

Issued in December 1973, at the time his Epic single "The Most Beautiful Girl" was peaking in popularity, "There Won't Be Anymore" quickly became Rich's fourth #1 song overall, and the first of his five chart-toppers during 1974.
The four-year span from 1973 to 1977 was perhaps the most "explosive" in my life, my "coming of age." I know of no other four-year span in my life that was so "event-filled."

From my journal entries:

1974 - 1975
  • Off and on with B_____ C______
Songs:
  • Charlie Rich, 1974 his big year:  
    • The Most Beautiful Girl 
    • There Won’t Be Anymore 
    • A Very Special Love Song 
    • I Don’t See me In Your Eyes Anymore 
    • I Love My Friend, She Called Me Baby  
  • Diamonds and Rust, Joan Baez, released, July, 1975

Notes From All Over -- Part 7 -- June 20, 2019

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.

Fish: Holy mackerel -- one drone gets shot down over international waters, and NOG surges almost 10%. Trading at $2.25 is up 19 cents/share, or 9.2233% -- it has been higher throughout the morning. JAG up 3.6%, trading at $8.41. CVX up 1.22%, trading at $124.39.

Iran claims it shot down the US drone. This tells me how dire things have become for Iran. They are risking much to continue their nuclear weapons program. The drone? $100 million.

WTI: up over 5.5% right now (10:54 a.m. CT, June 20, 2019), up $3.00, trading at $56.96.

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The Cute Granddaughter Page



All she needs is a bit of Chanel.

The Hess EN-Anderson Permits -- June 20, 2019

Disclaimer: This was done quickly so there may be some factual and typographical errors, but the general point remains. If this is important to you, go to the source.

The seven Hess EN-Anderson permits, all in SESW quadrant of section 20-156-94; 2560-acre spacing, sections 17, 18, 19, and 20-156-94;
  • 36600, loc, Hess, EN-Anderson-LE....H-11, Manitou, TF1, bottom hole: 104 FSL 113 FWL;
  • 36601, loc, Hess, EN-Anderson-LE....H-10, Manitou, MB, bottom hole: 104 FSL 816 FWL;
  • 36602, loc, Hess, EN-Anderson-LE....H-9, Manitou, TF1, bottom hole: 107 FSL 1519 FWL;
  • 36603, loc, Hess, EN-Anderson-LE....H-8, Manitou, MB, bottom hole: 109 FSL 2221 FWL;
  • 36604, loc, Hess, EN-Anderson-LE....H-7, Manitou, TF1, bottom hole: 109 FSL 2353 FEL;
  • 36605, loc, Hess, EN-Anderson-LE....H-6, Manitou, MB, bottom hole: 109 FSL 1650 FEL;
  • 36006, loc, Hess, EN-Anderson-LE....H-5, Manitou, TF1, bottom hole: 111 FSL 919FEL;
In other words, the laterals all end at about the same distance from the south line of section 20.

The TF first bench and the middle Bakken wells are probably vertically separated by about 40 feet.

The horizontal separation in the middle Bakken was about 1,400 feet; the horizontal separation in the first bench, Three Forks, was also, almost exactly 1,400 feet. 

The numbers in parentheses were rounded to near 10-feet; and is the distance from the well listed immediately before:
  • The TF first bench wells:
    • 113 FWL
    • 1519 FWL (1400 feet)
      • midline (5260/2 = 2630 feet)
    • 2353 FEL (1400 feet)
    • 919 FEL (1400 feet)
  • The middle Bakken wells:
    • 816 FWL
    • 2221 FWL (1400 feet)
      • midline (5260/2 = 2630 feet)
    • 1650 FEL (1400 feet)
The two producing wells in the immediate area:
  • 17887, 165, Hess, EN-Joyce-156-94-1720H-1, OH frack, 1.3 million lbs, Manitou, t6/09; cum 86K 4/19;
  • 17954, 303, Hess, EN-Anderson-156-94-1918H-2, OH frack, 1.3 million lbs, Manitou, t7/09; cum 116K 4/19;
  • both are likely to be re-fracked at time the new EN-Anderson-LE wells are fracked, or they might benefit from parent-well uplift; 
The graphics:





Comment: the horizontal spacing was very, very generous.

Notes From All Over -- Part 6 -- June 20, 2019

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.

This tells me all I need to know about:
  • fake news
  • social media
  • investing: staying the course


This tells me even more. Link here.


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The Alexa Page

How cool is this! One can say "Alexa, pay my electricity bill," and poof! Your electric bill is paid.

Link here.

And, of course, as soon as the bill is paid, one receives a confirmation via e-mail.

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The Book Page

My travel book: Bloom's BioCritiques: Herman Melville, c. 2006.

Notes From All Over -- Part 5 -- June 20, 2019

Best headline so far today: link here. Obama's "Clean Power Plan" to never see the light of day. Looks like 24 Democrat hopefuls have a new talking point -- why Trump needs to be defeated. That, on reparations.

Jobless claims: link here.
  • prior: 222K
  • forecast: 220K
  • actual report: 216K
  • new claims down 6,000 

Notes From All Over -- Part 4 -- June 20, 2019

Biggest story not being reported: global warming not helping out.
Torrential rain of biblical proportions is causing immense devastation for midwest farmers -- zerohedge. Bismarck Tribune also has story on the flooding: high water and flooding is delaying critical shipments of goods through inland waterways like the Mississippi river. 
WTI surging. Why: from twitter --- WTI crude surges 3% after reports say Iran shoots down US military drone. We'll see. WTI is up over 3.5%% right now (7:37 a.m. CT, June 20, 2019); up almost $2/bbl; trading just under $56 ($55.88).

Rig counts: a lagging indicator.


Norway: my hunch -- Norwegians may not be happy with this --

Notes From All Over -- Part 3 -- June 20, 2019

Permian: output set to keep growing -- Rigzone. Must be a slow news day. Data points:
  • EIA says Permian will post record next month (I assume that's July)
  • first time the EIA has project that the Permian will surpass the 4.2 million bopd mark
  • note: bopd
  • EIA's "drilling report" is linked here
Lime Rock: a familiar name in the Bakken, will buy Oklahoma assets from BP -- Rigzone. Data points:
  • Lime Rock: Houston-based
  • assets: BP properties in Cleveland and McClain counties
  • properties are 50 miles east of Lime Rock's Norge unit operations which it acquired in 2014
  • this transaction is Lime Rock's eighth acquisition in Oklahoma
  • apparently Lime Rock did not get the memo
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.

Phillips 66: considering a Texas terminal project; previously posted, but can't recall if I provided a link (yes, I did, but worth it to post it again). Link here. Another timely story, previously posted --
RBN Energy: the challenging economics for crude export terminals, part 2.

Crude oil exports out of the U.S. are the topic du jour these days. At the heart of the discussion are the who, what, where and when of how the export capacity will be developed. Who is going to build the next crude oil export terminal, what type will it be (offshore or onshore), where are they going to put it (Corpus Christi, Houston, Louisiana ­­— the list goes on), and when will that new capacity be available? Everyone seems to have a different answer, and for good reason. Crude oil export terminals aren’t easy to develop, any way you look at them. Today, we examine the financial and logistical hurdles that export terminals must clear in order to reach a final investment decision, and what those obstacles mean for what kind of terminal gets built, where it gets built, who builds it and how soon.

Busy, Busy, Busy -- Minor Notes From All Over -- Part 2, June 20, 2019

Some days turn out to be so busy it will be impossible to keep up.

Politics:
  • most important thing about Trump's Florida rally: US Congress will continue talk of impeachment at its own risk
  • Obama was right: the circular firing squad nicks Joe Biden; Bernie is pretty much fatally wounded (politically); Pocahontas comes out of early rounds unscathed
Solar power irrelevant:
  • an "avian incident" wipes out 84% of massive California solar farm on June 5, 2019, and we don't hear about it until June 20, 2019 -- or at least most of us, including Bloomberg did not hear o fit until two weeks later -- and how was the news released? In a regulatory filing. I'll have to go back through the archives to see if any media outlet reported this fire on June 5.
Best energy story from twitter yesterday:
  • Italy/Eni rejects Nigerian oil shipment. "Fingerprinting" the oil shows it originated in Iran. Every day we learn just how sophisticated the oil industry is. Everyone knows that "fingerprinting" works -- but we seldom see examples of it being used in the oil industry.
Strait of Hormuz: something tells me Iran got a triple whammy of bad news -- attacking ships in the strait is no longer a "thing."

WTI: oil price "surging"? What's up?

June 30, 2019: drop-dead date for US retailers to get their orders in for Christmas, 2019. 

Dow: pre-market, up 240 points. And this is a day after the Fed does not cut rates. The 30-second sound bite -- the market is up because the Fed's language said it could cut rates if the economy weakens. The real story: the Fed, by not cutting rates, is telling the movers and shakers that the economy is doing just fine.

If the economy is doing just fine, why is the media suggesting otherwise? LOL.

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.

Long term investors: sweet spot?

Three centibillionaires:
  • Bernard Arnault, Europe's richest person: chairman of LVMH; luxury goods
  • Jeff Bezos
  • Bill Gates
France (link here) and why "we" have nothing to fear:
France’s multibillionaires have added the most wealth among European members of Bloomberg’s ranking in 2019, with Arnault, Kering SA’s Francois Pinault and cosmetics heir Francoise Bettencourt Meyers tacking on more than $40 billion between them. Meanwhile, the brothers behind the Chanel brand, Gerard and Alain Wertheimer, saw their fortunes soar $9.8 billion this week after the Parisian fragrance and fashion house reported its 2018 results.
Chevron: to reward shareholders after "losing" Anadarko; announces 25% share buyback.

OXY: near a decade low; CEO and general counsel are buying up shares. Barron's
  • P/E under 10
  • currently trading at $50
  • one-year target: $70
  • one-year target: is that a 40% gain? Check: $50 x 1.5 = $70
  • pays 6%
  • dividend at risk but Vicki Hollub's history suggests she will fight to save that dividend
  • activist investors will keep pressure on CEO
  • most recent quarterly dividend, 6/8/2019

Busy, Busy, Busy -- Minor Notes From All Over -- Part 1, June 20, 2019

Irrelevant: an "avian incident" wipes out 84% of massive California solar farm.
Link here.

Bloomberg posted the story today, June 20, 2019.

The lede:
An “avian incident” sparked a fire at one of California’s biggest solar farms, affecting 1,200 acres and knocking out 84% of the California Valley Solar Ranch’s generating capacity.
Note what is missing in that lede. I will give you some time to think about this and come back to it later.

That tells me how irrelevant solar energy is. 
From yesterday:
  • Phillips 66 considering Texas terminal project: link here
  • heavy oil coming from Canada; we don't need Venezuela, Mexico: TransMountain approved
  • What if US Navy no long cares about the Strait of Hormuz?
  • US debt: Nobel Laureate -- doesn't matter
  • Fed rate: rate unchanged; predicted; 
  • Fed nominee waiting in the wing; wants "Fed rate" at zero percent
  • negative rates, bonds, $12 trillion; link here;
  • parent-children wells: a problem in the Permian? doesn't seem to be a significant issue in the Bakken;
  • sister wells: example -- Hess to put in seven sister wells on 2560-acre spacing; a mix of middle Bakken and Three Forks first bench wells
  • Abraxas is back; corporate presentation earlier in the year -- looking to exit the Bakken
  • Hess EN-Anderson permits from the other day: Hess has permits for a seven-well EN-Anderson pad in section 7-156-94, Manitou oil field; it appears that all seven may be "section line" wells (not sure about this, but all seven have "LE" in their legal name) -- stand-alone post later on this one;
  • Trump raises more in 24 hours than all Democrat candidates combined raised in first quarter; link here; most interesting -- people sending money to a billionaire; raised almost $25 million in one 24-hour period -- at time of announcing his re-election campaign
  • Circular firing squad nicks Biden: Pocahontas rising; confirmation? My hypothesis: Hillary war room running the DNC; if, in fact, we now start seeing major press hits on Pocahontas, it will corroborate that hypothesis
  • Maduro looks to exit -- while still alive; LOL
  • there won't be any more -- song -- wiki
And this is why buyers prefer buying from America --
Iran: the tanker that waited three weeks to discharge an oil cargo at the Sicilian port of Milazzo has left the terminal after Italy's Eni rejected the shipment because of quality concerns. Italian press alleged the crude could be from Iran.
The ship’s documents show that the cargo, which Eni bought from the trading arm of Nigeria’s Oando PLC, was Iraqi, an Eni spokesman said. Instead, it had properties which were consistent with Iranian crude, a person familiar with the matter said.

Two Wells Coming Off Confidential List Today -- June 20, 2019

Circular firing squad: Biden suffers flesh wound -- Pocahontas now seen as compromise candidate to Bernie / Biden.

Jobless claims: link here.
  • prior: 222K
  • forecast: 220K
  • actual report: 216K
  • new claims down 6,000 
Global warming: now it's an emergency.
  • Occasional-Cortex: "We only have twelve  years."
  • Beto: "We only have ten years."
  • Trudeau: "There is no more time; now it's an emergency. But first, let's build that pipeline.
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Back to the Bakken

Wells coming off the confidential list today -- Thursday, June 20, 2019: 68 for the month; 257 for the quarter;
  • 35186, 3,900, Hess, EN-Sorenson A-LW-154-94-0211H-1, Alkali Creek, t5/19; cum --;
  • 35185, 3,912, Hess, EN-Sorenson A-154-94-0211H-9, Alkali Creek, t5/19; cum --;
Active rigs:

$55.826/20/201906/20/201806/20/201706/20/201606/20/2015
Active Rigs6362562977

RBN Energy: the challenging economics for crude export terminals, part 2.
Crude oil exports out of the U.S. are the topic du jour these days. At the heart of the discussion are the who, what, where and when of how the export capacity will be developed. Who is going to build the next crude oil export terminal, what type will it be (offshore or onshore), where are they going to put it (Corpus Christi, Houston, Louisiana ­­— the list goes on), and when will that new capacity be available? Everyone seems to have a different answer, and for good reason. Crude oil export terminals aren’t easy to develop, any way you look at them. Today, we examine the financial and logistical hurdles that export terminals must clear in order to reach a final investment decision, and what those obstacles mean for what kind of terminal gets built, where it gets built, who builds it and how soon.

"Avian Incident" Knocks Out 84% Of Massive California Farm -- Bloomberg -- June 20, 2019

Link here.

Bloomberg posted the story today, June 20, 2019.

The lede:
An “avian incident” sparked a fire at one of California’s biggest solar farms, affecting 1,200 acres and knocking out 84% of the California Valley Solar Ranch’s generating capacity.
Note what is missing in that lede.

That tells me how irrelevant solar energy is.