Tuesday, July 7, 2020

Twenty-Three Permits Renewed; Four DUCs Reported; Three New Permits -- July 7, 2020

API week crude oil storage estimate:
  • estimate forecast: an inventory draw of 3.114 million bbls
  • actual estimate: a build of 2.048 million bbls

******************************************  
Back to the Bakken
Active rigs:

$40.577/7/202007/07/201907/07/201807/07/201707/07/2016
Active Rigs1058645630

Three new permits, #37702 - #37704, inclusive:
  • Operator: Whiting (2); Petro-Hunt
  • Field: Sanish (Mountrail); Charlson (McKenzie)
  • Comments: 
    • Whiting has permits for a two-well Lacey pad in NESE 2-152-92, 350' FEL and about 1900' FSL; Sanish oil field
    • Petro-Hunt has a permit for a USA well in NWNW 14-153-95, 195' FNL and 1166' FWL; based on the name of this well, it will be a long lateral (1280-acre spacing) running north into sections 11 and 2;
Twenty-three permits renewed:
  • CLR (10): two of each of the following: Dennis, Flint Chips (all four in Dunn County); Berlain (both in McKenzie); Charleston and Olympia (all four in Williams County);
  • CPEUSC (8): four CPEUSC Narcisse permits; four CPEUSC Austin permits5, Williams County
  • Lime Rock (3): three Harlson Rebsom permits in Dunn County
  • EOG (2): two Austin permits in Mountrail County (spelled incorrectly on the DAR)
Four producing wells (DUCs) reported as completed:
  • 35557, SI/A, Oasis, Bobby 5502 14-2 8BX, Squires, t--; cum 19K in 1.5 months;
  • 34826, drl/A, Hess, HA-Nelson A-152-95-3427H-9, Hawkeye, t--; cum 70K in 2.5 months;
  • 34827, drl/A, Hess, HA-Nelson A-152-95-3427H-8, Hawkeye, t--; cum 68K in 3 months;
  • 34828, drl/A, Hess, HA-Nelson A-152-95-3427H-7, Hawkeye, t--; cum 82K in 3 months;
Production data:

34828:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203120788207611221634159330021157
BAKKEN4-20203025191254911712047714438333881
BAKKEN3-202031361113567628034689202984339077
BAKKEN2-20200000000

34826:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203125670256151199345385438481537
BAKKEN4-20203026953270191229145494417933701
BAKKEN3-20201817509172988300319001381318087

34827:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203118992189871508143147416861461
BAKKEN4-20203026722268531831449853457974056
BAKKEN3-202024227242245019185421661825823908

35557:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20200000000
BAKKEN4-20200000000
BAKKEN3-202013872591331476766976190197
BAKKEN2-2020299801928710526822063871543
Posted by at No comments:

The Whiting Lassey Wells: Again, Some Nice Wells Not Located In Tier 1 Bakken -- July 7, 2020

The Lassey wells:
  • 35001, 1,553, Whiting, Lassey 14-34H, Glass Bluff, t2/19; cum136K 5/20;
  • 35000, 1,637, Whiting, Lassey 44-33H, Glass Bluff, t2/19; cum 133K 5/20;

  • 23398, 673, Whiting, Lassey 152-103-22-15-1H, Glass Bluff, t10/12; cum 414K 5/20;

  • 23201, 1,029, Whiting, Lassey 152-103-27-34-1H, Glass Bluff, t11/12; cum 367K 5/20;
  • 35052, 2,376, Whiting, Lassey 21-22-2H, Glass Bluff, t10/19; cum 118K 5/20;
  • 35051, 2,184, Whiting, Lassey 21-22H, Glass Bluff, t10/19; cum 153K 5/20;
35051:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203115209153922540626540233413199
BAKKEN4-20203016549159652606916381152631111
BAKKEN3-20203116115162232618816302103465944
BAKKEN2-2020291552515540291731501581336868
BAKKEN1-20203118118183163303318328105927720
BAKKEN12-20193119957199923728315740473210993
BAKKEN11-2019261812717981387371098297161253
BAKKEN10-20193133665332038080658315590752382
BAKKEN9-20192006582000

35052:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-2020614441607374324732175298
BAKKEN4-20203094909518158291385912913940
BAKKEN3-20203113585137382200918208115556639
BAKKEN2-20202914547146302161419043103158711
BAKKEN1-20203118988192022706818086104527618
BAKKEN12-20193120322203273683418876567513183
BAKKEN11-20192819844196323880017993159182054
BAKKEN10-20191619338189043845819060193117120
BAKKEN9-201950012236000

23201:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20201815771455423011581018140
BAKKEN4-20202932893340496872796782494
BAKKEN3-202031353435485829596437852174
BAKKEN2-2020292906289266491371743627
BAKKEN1-2020312648263368651410815594
BAKKEN12-2019161028979355815604691090
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-201919189326214124295902905
BAKKEN3-201930241117766780290402820
BAKKEN2-2019942343723103040279

23398:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203129382944966220061764242
BAKKEN4-202030277826631092324742305168
BAKKEN3-202031254525671301019221220701
BAKKEN2-20202927582792134871660899759
BAKKEN1-2020314055403720192278016071171
BAKKEN12-201913786707501916114841125
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-201919231027335120259502538
BAKKEN3-201931326533279433318303093
BAKKEN2-20191181245735527720739

 35000:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20201932173441730632512779472
BAKKEN4-2020914121444339721922060119
BAKKEN3-2020284184408010225772463471324
BAKKEN2-20202842454389102121018768123326
BAKKEN1-20203161155926137201035666863617
BAKKEN12-2019234532491811270669114925162
BAKKEN11-20193064216305125981254112118367
BAKKEN10-2019318495813614580103839454874
BAKKEN9-20192253975700952336623361261
BAKKEN8-201931100771000116310103571025051
BAKKEN7-2019154359451092034414436820
BAKKEN6-20193011950119491979821178137617362
BAKKEN5-2019291739917677240521983719669117
BAKKEN4-2019302058320363327851798816933997
BAKKEN3-20192716981171353266713780125881146
BAKKEN2-2019117784707723460554543991128

35001:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203139784278804027152611104
BAKKEN4-2020273753361479672474237268
BAKKEN3-20203138253772790522111969184
BAKKEN2-20202936633574793319431619268
BAKKEN1-20203136783745843423891745584
BAKKEN12-20193131933099838122741611603
BAKKEN11-2019173121332461973634352582
BAKKEN10-201918506547641048950594612413
BAKKEN9-2019267687810499131117086752451
BAKKEN8-20193072956900136087826777310
BAKKEN7-20193099941056417090126771258051
BAKKEN6-20193013598134162007319995111108828
BAKKEN5-2019291529415585221951426813675541
BAKKEN4-2019301926519005298171613315458617
BAKKEN3-20192618899187843358414496125741874
BAKKEN2-20192013324129063218380247198792

The graphics:



Posted by at 3 comments:

Notes From All Over -- The "Are You Kidding Me?" Edition -- July 7, 2020

Wow, that was fast: unless restrained by rules and regulations, the time between a Trump tweet and the formal announcement is quite remarkably short.


US trucking:



Another unfortunate event (see this post):


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

What's the market doing, mid-afternoon? In the big scheme of things: holding.
  • D: up half a percent
  • AAPL: up half a percent
  • TSLA: up 2% at $1,400
***************************
The Literary Page

Reading Keld Zeruneith's view of the Greek tragedians and their plays at the same time as reviewing James Fox' White Mischief is an absolutely fascinating juxtaposition.

************************
The Movie Page

TCM seems to simply be getting better and better. Or I'm getting more and more bored with the rest of "what's on television."

The three-minute bio of Ned Sparks was worth the cost of cable today.

Posted by at 1 comment:

Notes From All Over -- The "Market" Edition -- July 7, 2020

Some of the following has been previously posted. 

"Breaking 911" back in the twitter feed. 

Going, going, gone, Groningen, link here:
  • output hits record low of 470 mil cu m in June 
  • production at Eemskanaal continues to fade, down to 6,500 cu m 
  • Dutch regulator advises GY-20 Groningen quota as 9.3 Bcm  
Walmart is surging. Link here.
With the Nasdaq trading at record highs on its sixth straight day in the green, largely thanks to Amazon surpassing $3,000 a share, Wal-Mart is gearing up to launch what it hopes will be its "Amazon Prime Killer" - a new e-commerce subscription service called "Walmart+".
According to Recode, Wal-Mart is planning to launch the new service later this month.
The service will cost $98 a year, and include perks like same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early access to product deals ...
Wal-Mart had initially planned to launch the new service in March or April, but it delayed the rollout due to COVID-19.
As Amazon struggles to roll out grocery delivery across the US (so far, it has concentrated mostly on the big cities), Wal-Mart is leaning on this natural advantage as a central component of this new service. [Comment: Walmart+ will quietly fade away by 2025.]
Oh-oh:



"Breaking 911": I can't find details, but it looks like "Breaking 911" has been suspended from Twitter again. No "Breaking 911" tweets on my twitter feed since last night. One could expect at least a dozen tweets overnight. 

Market, mid-morning:
  • AAPL: hits an all-time new high; up over 1%; adds another $4.28 to be trading at $378.04; market cap ever so slightly above MSFT which is also having a great day
  • TSLA: unreal -- up another 3.5%; up $47 to be trading at $1,420. Again, a nice milestone, easy to remember, $1400.
  • Dow: has cut its "losses" from 300 points down at the beginning of the session to being down 150 ponts today
  • hunch: the Dow will close today, somewhere between being up 200 points and down 1,000 points; but in early morning trading, it is clear traders want to move this market higher; 
  • sell in May, go away? LOL. It's Christmas in July for some.
Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 
Posted by at 2 comments:

Berkshire's Airlines And Apple -- July 7, 2020

Earlier today, over on twitter:


Back on March 23, 2020, a senior analyst for some firm said that Warren Buffett panicked when he sold his airlines. That analyst did not know a basic rule of investing. LOL.

So, where does Berkshire Hathaway stand today if Warren Buffett re-invested all proceeds from the four airlines he sold, back into AAPL:
Airline
Shr Price: 3/31/2020
Dollars: 3/31/2020
Shares
Shr Price: July 7, 2020
Total: July 7, 2020

DAL
28.53
675,000,000
23,659,306
27.55
651,813,880

UAL
31.55
675,000,000
21,394,612
33.31
712,654,517

AAL
12.19
675,000,000
55,373,257
12.14
672,231,337

SWA (LUV)
35.61
675,000,000
18,955,350
33.42
633,487,784



2,700,000,000


2,670,187,518








AAPL
254.29
2,700,000,000
10,617,799
377.52
4,008,431,319













1,338,243,800




















2,670,187,518






50.12%







March 24, 2020

224

10,617,799

2,378,386,881
July 7, 2020

365.76

10,617,799

3,883,566,007






1,505,179,126


The airlines:
  • his proceeds from the sale of the four airlines: $2.7 billion.
  • value of those four airlines today had he kept those shares: $2.67 billion.
  • a small loss;
Had he invested that $2.7 billion in to AAPL on March 23, 2020:
  • AAPL then: $2.7 billion
  • AAPL today: $3.9 billion
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