Morning Note -- October 15, 2018

Global warming hits north Texas: wow, it's cold and rainy this morning. And it's going to be this way for a couple of days. This is the earliest winter I've seen in eleven years in Texas. Amazing. Hearing similar stories from across the US.

Great to be home again.

Politics. I watched a bit -- about five minutes -- of the CBS interview of President Trump last night. Leslie did everything she could in those five minutes to get Trump to "blow up" and walk out. Wow, he does not get rattled. And much, much more entertaining to watch than his predecessor. But five minutes was more than enough.

COP: it seems like this is odd but maybe not. My bad. I misread the headline. From SeekingAlpha, COP loves Alaska crude.

ConocoPhillips has a major understated presence in Alaska. As a source of roughly half a million barrels per day of conventional oil production, Alaska’s upstream sector is highly profitable. During the worst of the 2014-2017 downturn, ConocoPhillips still churned out $4 million in net income from its Alaskan division in 2015 and $319 million in 2016.

That grew to $1.466 billion last year, which is better put as an adjusted $684 million (excluding major tax benefits and impairment charges).

In the years to come, ConocoPhillips is likely to keep posting higher and higher net income generation from its Alaskan division. 

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here.

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Back to the Bakken

Wells coming off confidential list today -- 
Monday, October 15, 2018:
34473, conf,  XTO, FBIR Ironwoman 31X-10G, Heart Butte, no production data, 
34140, conf, WPX, Raptor 13-24HEL, Reunion Bay, no production data,
29773, conf, Slawson, Gobbler Federal 3-35-26TFH, Big Bend, no presidential pardon for this one, just in time for Thanksgiving;

Sunday, October 14, 2018:
34472, conf,  XTO, FBIR Ironwoman 31X-10C, Heart Butte, no production data, 
33821, conf,  Oasis, Lite 5393 11-11 3BX, Sanish, big well;  
33454, conf, Equinor Energy, Weisz 11-14 6H, Painted Woods, producing, albeit not that great;

Saturday, October 13, 2018:
34418, conf, Krakkne Operating, Michelle Lauren 1H, New Home, a nice well;
34417, conf,  Kraken Operating, Ellie Rose 11TFH, New Home, a nice well;
33820, conf,  Oasis, Lite 5393 11-11 4TX, Sanish, a nice well; 
33558, conf,  CLR, Mountain Gap 4-10H2, Rattlesnake Point, a huge well;
32019, conf,  Hess, CA-Stangeland-155-95-2128H-7, Capa, no production data,

Active rigs:

$71.98↑	10/15/2018	10/15/2017	10/15/2016	10/15/2015	10/15/2014
Active Rigs	67	59	31	66	190

RBN Energy: part 5, should Cushing be rename the "blending capital of the world"?