Report cards: for the archives. Cato.org annual report card on state governors. New York's governor Cuomo gets an ... drum roll ... F. North Dakota's governor not that much better. I tend to agree --- based on the little I've seen. They all like spending money on pet projects.
Oasis bankruptcy: a reader had a question regarding Oasis. I will come back to it later. Spoiler alert: I don't have an answer. Maybe a reader will know something. For now, some links that might help:
- Whiting has emerged from bankruptcy; Barron's thoughts;
- post bankruptcy, Whiting Petroleum -- choice for oil bulls;
- Whiting chart;
- Oasis files for bankruptcy;
Market:
- earnings season, 3Q20: quick look at early reports: lots of upside surprises
- earnings season: JPMorgan, Citigroup;
- JNJ: opportunity? (same link)
- JNJ pauses vaccine study; link here;
Siberian water: record ship traffic; ice melt accelerates; link here to The WSJ; what's not to like?
OPEC in deep doo-doo: Oman to introcude 5 percent VAT by April, 2021. Link here.
OPEC in deep doo-doo: Saudi Arabia in discussion to work a $10-billion deal to sell a stake in its pipeline business. Link here. Called "Project Seek." Saudi Aramco has an annual $75-billion-annual-dividend payout to cover in each of five consecutive years, starting this year. $10 billion is a pittance.
Not so urgent: Germany - Russian Nord Stream 2 natural gas line. Link here.
That was easy: striking oil workers in Norway agree to go back to work.
OPEC basket, link here: another tumble. Starting to look like those New Yorker cartoons. You know the ones. Trading at $41.06, about a buck higher than WTI.
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Back to the Bakken
Active rigs:
$40.12 | 10/13/2020 | 10/13/2019 | 10/13/2018 | 10/13/2017 | 10/13/2016 |
---|---|---|---|---|---|
Active Rigs | 14 | 58 | 67 | 59 | 33 |
Active rigs:
- MRO: 2
- CLR: 2
- Slawson: 2
- BR: 2
- Petro-Hunt: 1
- Hess: 1
- Midwest AgEnergy Group: 1 -- this is the new one
- MAG 1, file #37833, rig: Akita 520
- wildcat, lot 1 section 18-145-82
- irrelevant: 2
- three if you count Midwest AgEnergy Group
Midwest AgEnergy Group, from September 10, 2020;
- Midwest AgEnergy Group, LLC, has one new permit; this is the first ND permit for this company; at this website:
- Categorized under Ethyl Alcohol, Ethanol. Our records show it was established in 2013 and incorporated in ND. Current estimates show this company has an annual revenue of 4799702 and employs a staff of approximately 44; Spiritwood, ND, about 11 miles ENE of Jamestown, ND; there was a natural gas well drilled to about 5,000' back in 1984 or thereabouts; dry;
No wells coming off the confidential list.
RBN Energy: LNG shipping costs, netbacks, and the decision to cancel cargoes, part 2.
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