June 10, 2020

NOG: announces core bolt-on acquisition. Link here.

Starbucks kiosks: to close 400 stores, speed expansion of "Pickup" locations. Link here.

Starbucks announced today it will expedite the rollout of its new "Pickup" store concept, powered by mobile ordering, in response to the coronavirus pandemic. It will also expand access to curbside pickup, drive-thru and walk-up counters in less dense, suburban markets, the company said. These changes aren't going to arrive as new additions to Starbucks' existing store lineup, however. Instead, the company said it will close up to 400 company-owned stores in the U.S. and Canada over the next 18 months, as it rolls out the new format stores and makes other changes.

A large part of the restructuring plan is to shutter more of Starbucks' traditional cafe-like locations in favor of new formats that better cater to convenience orders, not sitting around with friends. One of these is the Starbucks Pickup store concept.

Ahead of the COVID-19 crisis, Starbucks had been testing the Pickup store concept on a small scale. In the last seven months, the company opened and had been operating two of these stores -- one at Penn Plaza in Manhattan and another in Toronto’s Commerce Court. Both have offered the company early insights into how to design the pickup-store experience for both employees and customers.

Starbucks says it's now preparing to launch a third Pickup location near Grand Central Station in Manhattan in the immediate future.

PG&E: moving across the bay from San Francisco to Oakland.

AAPL: another new all-time high. Up 2.6%; up almost $9.00. Closes at $352.94.

Goldman Sachs: banked a billion dollars on the oil price cash. Link at MSN/Money.

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Back to the Bakken

Active rigs:

$39.08	6/10/2020	06/10/2019	06/10/2018	06/10/2017	06/10/2016
Active Rigs	12	64	61	52	28

No data posted from today's daily activity report, including no update regarding errors and omissions from yesterday. 

Major omission: scout tickets for file  #37626 - #37729, inclusive, still not posted. In addition, permit #37629 on the daily activity report is reported as #37630 on the scout tickets.

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Grilling

Others are doing fancy cuts of meat, I'm making waffles on a Mickey Mouse waffle-maker on the patio. LOL.