Twenty (20) New Permits; XTO With Several Nice Wells; HRC To Report Another Huge Well; July 24, 2014

Wells coming off confidential list Friday:

• 21805, 1,362, HRC, Fort Berthold 152-93-9C-10-5H, Four Bears, t5/14; cum 12K 5/14;
• 25983, 1,800, Whiting, Chitwod 34-36-2H, Ellsworth, t1/14; cum 40K 5/14;
• 26491, 1,088, Newfield, Wahus state 152-97-12-1-3H, Westberg, t5/14; cum 22K 5/14;
• 26862, drl, XTO, Ruby State Federal 34X-36A, Grinnell, no production data,
• 27289, drl, SM Energy, Robert 3-27HN, Colgan, no production data,

Active rigs:

	7/24/2014	07/24/2012	07/24/2011	07/24/2010	07/24/2008
Active Rigs	193	208	181	138	77

Twenty (20) new permits --

• Operators: Hess (13), Newfield (3), Samson (2), Legacy, QEP
  Fields: Alkali Creek (Mountrail) ,Beaver Lodge (Williams), Little Knife (Dunn), Blooming Prairie (Divide), Sand Creek (McKenzie), Red Rock (Bottineau), Blue Buttes (McKenzie)
  Comments:

Wells coming off the confidential list today were posted earlier; see sidebar at the right.

Six (6) producing wells completed:

• 25378, 380, XTO, Loomer 41X-3F, Tobacco Garden, t7/14; cum -- 
• 25379, 1,471, XTO, Loomer 41X-3C, Tobacco Garden, t7/14; cum --
• 25380, 973, XTO, Loomer 41X-3G, Tobacco Garden, t6/14; cum --
• 25381, 1,872, XTO, Loomer 41X-3D, Tobacco Garden, t7/14; cum --
• 26454, 1,666, XTO, Broderson 31X-27G, Siverston, t7/14; cum --
• 26879, 1,940, XTO, FBIR Guyblackhawk 24X-27A, Heart Butte, t7/14; cum --

*************************
For Investors Only

And then there were three: Google, Facebook, and Apple. 

Amazon just tanked.

Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue.
Amazon has long focused on spending the money it makes to grow and expand into new areas. In one of its most high-profile moves, Amazon is introducing its own smartphone, the Fire, which starts selling Friday.

The company has been heavily investing in services for its loyalty program, Prime, which costs $99 a year, and includes free two-day shipping on many items. It has added a grocery delivery services and music streaming for Prime Members as well as offering original TV shows and apps. It also expanded Sunday deliveries and recently began offering a set-top video streaming box.

Amazon reported second-quarter revenues of $19.34 billion, right in line with analyst expectations according to Thomson Reuters and a 23% increase year-over-year.

However, Amazon lost 27 cents per share, much worse than consensus, which modeled a loss of 15 cents per share.

Net sales increased 23% year-over-year. In the first quarter, the Seattle-based online retailer earned 23 cents a share on $19.74 billion in revenue and net sales increased 23% year-over-year.

The operating loss was $15 million this quarter, compared with $146 million in the first quarter and an operating income of $79 million a year ago. Net loss was $126 million, or 27 cents per share, compared with $7 million, or 2 cents per share, in the second quarter 2013.

[Some hours later, when re-reading this story -- I just can't get too excited about this. Jeff Bezos continues to pour money into the company. Everyone knew that Amazon was going to report a loss this quarter, and the loss was much worse that expected, but it's not like everyone expected a huge profit, only to be surprised by a loss. This, too, shall pass and Amazon will do just fine.]

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.

Trading at new highs today: BK, COP, CVX, ENB, EPD, F, HAL, HES, KOG, LUV, NFX, NOV, OAS, WLL, XOM.