Twelve (12) New Permits; Farmers Getting More And More Like Utilities -- October 21, 2014

AAPL blows through earnings estimates, guides strongly. CNN: 

•  iPhone: Apple sold 39.3 million iPhones in the past quarter, which included [less than] two weeks of sales for the new iPhone 6 and iPhone 6 Plus.iIPhone sales beat most Wall Street analysts' expectations and were up 16% from a year ago.
• iMac: Most surprisingly, Apple sold a record 5.5 million Macintosh computers, up a remarkable 21% from the same quarter in 2013. As overall personal computer sales continue to shrink, Apple now has its largest share of the PC market since 1995.
• iPad: Apple also sold 12.3 million iPads, which was the latest disappointing result in a series of bad quarters for Apple's tablet. iPad sales were down 13% from last year, the third straight quarter of shrinking iPad demand and the smallest number of iPad sales in more than two years.  Analysts had predicted Apple would sell about 13 million of its tablets. 

"Remarkable" was the adjective for describing a 21% increase in desktop computer sales. If I remember correctly, analysts had given up Mac computers for dead. Tim Cook says Mac sales had everything to do with college students. Apple's long, long history of introducing Apple computers into elementary schools and middle schools is paying off.

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Wells coming off confidential Tuesday:

• 27492, conf, Murex, Shauna Micelle 26-35H, Daneville, producing, I think this is only the second permit in Daneville in the Bakken boom; very inactive area in Divide County, far west; 1280-acre, Three Forks (as expected);
• 27966, drl, XTO, Kathy 31X-15D, Tioga,

Eight (8) producing wells completed:

• 26179, 2,024, Oasis, Clementine 5693 44-35T, Alger, t4/14; cum 30K 8/14;
• 26265, 2,168, Petro-Hunt, Van Hise Trust 153-95-28D-21-4H, Charlson, t9/14; cum --
• 26341, 659, HRC,  Miller 157-101-12D-1-3H, Otter, t9/14; cum --
• 26779, 1,014, EOG, Mandaree 17-05H, Squaw Creek, Three Forks First Bench (TF1), one section, t10/14; cum --
• 27199, 345, Petro-Hunt, Watterud 160-95-11D-2-2H, Stoneview, 4 sections, t9/14; cum --
• 27201, 607, Petro-Hunt, Watterud 160-95-14A-23-1H, Stoneview, 4 sections, t9/14; cum --
• 27202, 661, Petro-Hunt, Watterud 160-95-11D-2-1H, Stoneview, 4 sections, t9/14; cum --
• 27579, 1,920, BR, Sequoia 31-4MBH, Hawkeye, t9/14; cum --

Twelve (12) new permits --

• Operators: MRO (5),  SHD (4), CLR (2), QEP,
• Fields: Reunion Bay, Mountrail, Clarks Creek (McKenzie), Sanish (Mountrail), Grail (McKenzie),
• Comments:

Active rigs:

	10/20/2014	10/20/2013	10/20/2012	10/20/2011	10/20/2010
Active Rigs	191	184	186	195	153

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Record crops will cost taxpayers. Being reported by Chicago Business:

In reauthorizing farm policies, Democrats and Republicans crafted a compromise to overhaul programs that protect farmers from market swings or bad weather. The law replaced direct payments with programs tied to price and revenue, and raised the threshold at which farmers would get a subsidy when commodity prices fall.

Sort of like utilities: a guaranteed rate of return. 

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