Director's Cut Posted Today; No New Oil Or Gas Permits -- December 14, 2020

Director's Cut posted earlier today, link here. 

Active rigs:

$46.99	12/14/2020	12/14/2019	12/14/2018	12/14/2017	12/14/2016
Active Rigs	15	53	67	52	40

One new permit but it was a SWD permit,  #38023. It's a CLR permit for a SWD well in Cedar Coulee. Oil operators don't drill SWD wells just for practice, or the fun of it. Means something. I track Cedar Coulee here but not much has been posted there. The SWD permit:
38023, conf, CLR, Kelly Draw SWD, SENW 32-147-96; 

Graphics:

 

The wells:

• 22434, 738, CLR, Gale 2-32H, Cedar Coulee, t12/12; cum 281K 10/20;
• 22436, IA/1,070, CLR, Gale 3-32H, Cedar Coulee, t1/13; cum 233K 4/20; remains off line, 10/20;

• 37373, conf, CLR, 
• 37374, conf, CLR, 
• 37375, conf, CLR, 
• 37376, conf, CLR, 
• 37377, conf, CLR, 
• 37378, conf, CLR, 
• 37379, ros, CLR,

• 17211, IA/240, CLR, Gale 1-32H, Rattlesnake Point, t8/08; cum 152K 7/20; off line 8/20; remains off line 10/20;
  

• 37396, conf, CLR,
• 37397, conf, CLR,
• 37398, conf, CLR,
• 37399, conf, CLR,
• 37400, conf, CLR,
• 37401, conf, CLR,
• 37402, conf, CLR,

• 37410, conf, CLR,
• 37409, conf, CLR,
• 37408, conf, CLR,
• 37941, conf, CLR,
• 37407, conf, CLR,
• 37406, conf, CLR,
• 37405, conf, CLR,

• 16797, 108, CLR, Bang 1-33H, Cedar Coulee, t4/08; cum 164K 10/20; these wells are tracked here;
  
• 18636, 633, CLR, Bang 2-33T, Cedar Coulee, t5/10; cum 208K 10/20; these wells are tracked here;

North Dakota Oil Production Shows Slight Increase Month-Over-Month - Director's Cut -- October, 2020, Data

The NDIC Director's Cut has been posted; you can find it at this link. 

It should be noted that although North Dakota's crude oil production was unchanged month-over-month, it has had significant increases over the past few months:

• October, 2020: crude oil production unchanged month-over-month; 
• September, 2020: almost a 5% increase month-over-month. 
• August, 2020: a 12% increase month-over-month.
  
• July, 2020: crude oil production increases 16% month-over-month; natural gas production increases almost 17% month-over-month; natural gas capture hit state targets;

Now, for October, 2020, data. This is all preliminary data for October. When the final number is tallied (next month), it will reveal a slight increase in production month-over-month):

Crude oil production:

• October: 1,222,871 bopd (preliminary)
• September: 1,223,107 bopd
• delta: 236 bopd
• delta: 0.00%

Natural gas production:

• October: 2,873,654 MCF/day (preliminary)
• September: 2,815,112 MCF/day

Natural gas capture:

• October, 93%
• September, 93%

Rig count:

• today: 13
• November: 14 (but may include CS and SWD)
• October: 14 (ditto)
• September: 11 (ditto)

Wells

• October:
• permitted: 74
• completed: 59 (preliminary)
• inactive: 2,934
• DUCs: 724
• total off line for operational reasons: 3,658
• producing: 15,512 (preliminary)
  

• September:
  
• permitted: 51
• completed: 43 (preliminary) --> 76 (revised)
  
• inactive: 3,749
• DUCs: 793
• total off line for operational reasons: 4,542
• producing: 15,377 (preliminary) --> 15,389 (final)
  

**********************************
Wells

Wells, permitted:

• November: 52
• October: 74
• September: 51

Wells, completed:

• October: 59 (preliminary)
• September: 76 (revised)
• August: 66 (final)

Wells, inactive:

• October: 2,934
• September: 3,749

Wells, waiting on completion (DUCs):

• October: 724
• September: 793

Wells, producing

• October: 15,512 (preliminary)
• September (15,389)

Fracking: the number of well completions has been very volatile since March (2020) as the number of active completion crews decreased from 25 to 1 and now 7 with the CARES incentive.

DUCs and wells off-line for operational reasons are tracked here.

Notes From All Over -- Mid-Day Edition -- December 14, 2020

Reminder: the NDIC Director's Cut is scheduled to be released later this afternoon. If I'm not here to post it you can find it at this link.

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. 

TSLA: up 5% -- trading at $637; up $28.

Tesla will temporarily shut down production lines for Model S sedan and Model X SUV. From CNBC:

• Tesla will shut down production lines for its high-end, but older, electric vehicles -- the Model S sedan and Model X SUV -- for 18 days beginning on December 24th, according to an email to factory employees seen by CNBC.
• In the period ending September 30, 2020, Tesla reported that about 11% of its vehicle deliveries were Model S and X cars, and the rest were Model 3 and Model Y.
• Employees working on the lines were told they were being given a full week of pay for the forced time off, but were encouraged to seek shifts working for, or even volunteering in, other parts of the business for the remaining unpaid days.

CNN ratings surge.

CNN is riding a ratings high in the aftermath of the election. Whether the network boss who oversaw those gains will stick around is an open question. 

CNN averaged more total-day viewers than Fox News since Election Day through December 8, 2020, a 35 day span, the first time it has won such a long stretch in that category in 19 years. CNN also bested the competition over that period among viewers ages 25 to 54, a demographic advertisers target on news channels.

Fox News has retained the No. 1 spot in total prime-time ratings.

As CNN tries to maintain momentum, network parent WarnerMedia, a unit of AT&T Inc., is in talks with CNN President Jeff Zucker on whether to renew his contract, with those discussions expected to heat up in coming weeks, people close to the situation say. Mr. Zucker had signaled to associates internally that he wasn’t sure whether he wanted to stay on, and would weigh his options after the election.

Solar efficiency .... in a word .. it still "fails" .... despite the headline. 

Researchers have now hit an efficiency of 29.15 percent in the perovskite/silicon tandem solar cell category, which is just one of several different types of cells. 

There are currently a variety of different technologies in use to convert solar energy into electricity. 

For this type of panel, the long-term target of more than 30 percent is now tantalisingly within reach. 

The latest lab tests edge ahead of the maximum 28 percent efficiency that perovskite/silicon cells have managed up to this point.

Natural gas, from one internet source:

A gas-fired plant was about 42% efficient. And in natural gas combined-cycle power plants—in which waste heat from a natural gas turbine is used to power a steam turbine—generation may be as much as 60% efficient.

**********************************
Salmon Recipes

A reader wrote me about Weber-grilling cedar-planked salmon over the weekend. Coincidentally, my wife sent me this link, literally out of the blue. Salmon and lamb are our signature dishes. 

Link here.

Schwab, E*Trade, Ameritrade Are Down This Morning -- Unable To Log In -- 8:58 A.M. CT -- December 14, 2020

Update: appears to be getting back to normal at 9:31 a.m. CT, December 14, 2020

Original Post

Can track here.  

Amazing that this is not being reporting on CNBC. 

 
 Market surging and Schwab crashes. 

This will be an interesting story by the end of the day. 

E*Trade and Ameritrade also down.

Google iCloud was down earlier this morning. If you google Google asking if Google is down, you get a huge fat "NO" from Google. But they do say that Google was down earlier. US Treasury was hacked earlier according to reports over the weekend.

 Merrill Lynch is up. A reader tells me Fidelity never went down.

Another Jump In Production For An Old Well; Small Mineral Owners Rejoice -- December 14, 2020

The well:

• 19741, 1,234, Oasis, A. Johnson 12-1H, Banks, t6/11; cum 308K 10/20; offline 12/19 - 5/20; nice jump in production when it came back on line 6/20; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2020	31	5182	5196	8660	20631	20321	0
BAKKEN	9-2020	30	4696	5193	10425	18627	17933	395
BAKKEN	8-2020	31	5959	5801	13116	16978	16668	0
BAKKEN	7-2020	31	5652	5485	440	17429	16706	414
BAKKEN	6-2020	20	4207	3787	5465	11436	11236	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	1	0	0	0	10	0	0
BAKKEN	3-2020	0	0	0	0	0	0	0
BAKKEN	2-2020	0	0	0	0	0	0	0
BAKKEN	1-2020	0	0	0	0	0	0	0
BAKKEN	12-2019	0	0	0	0	0	0	0
BAKKEN	11-2019	7	115	257	240	468	398	0
BAKKEN	10-2019	31	1648	1902	1275	7375	7065	0
BAKKEN	9-2019	25	1779	1512	845	5794	5544	0
BAKKEN	8-2019	30	1422	1348	810	4541	4241	0
BAKKEN	7-2019	31	1484	1600	940	4339	4029	0
BAKKEN	6-2019	30	1473	1609	710	4545	4245	0
BAKKEN	5-2019	30	1821	2132	1125	7299	4901	2098

Eight Wells Coming Off The Confidential List -- December 14, 2020

Director's Cut scheduled to be released later this afternoon.

Active rigs:

$47.27	12/14/2020	12/14/2019	12/14/2018	12/14/2017	12/14/2016
Active Rigs	15	53	67	52	40

Eight wells coming off the confidential list:

The A. Johnson wells are tracked here. 

19741: jump in production.

Monday, December 14, 2020: 22 for the month; 78 for the quarter, 743 for the year

• 35730, drl/A, Oasis, A. Johnson 5397 42-33 6T, Banks, t--; cum 65K 10/20; a 24K month;
• 35729, drl/A, Oasis, A. Johnson 5397 42-33 7B, Banks, t--; cum 147K 10/20; a 51K month;
• 35618, drl/A, Oasis, A. Johnson 5397 43-33 8T, Banks, t--; cum 96K 10/20; a 28K month;
• 35614, drl/A, Oasis, A. Johnson 5397 43-33 10B, Banks, t--; cum 88K 10/20; a 28K month;

Sunday, December 13, 2020: 18 for the month; 74 for the quarter, 739 for the year

• 36685, drl/A, Hess, BL-Iverson C-155-96-2314H-6, Beaver Lodge, t--; cum 138K 10/20; a 33K month;
• 35617, drl/A, Oasis, A. Johnson 5397 43-33 9B, Banks, t--; cum 111K 10/20; a 33K month;

Saturday, December 12, 2020: 16 for the month; 72 for the quarter, 737 for the year

• 35591, SI/A, Oasis, Bobby 5502 42-11 4B, Squires, t--; cum 61K 10/20; a 17K month;
• 35590, SI/A, Oasis, Bobby 5502 42-11 5B, Squires, t--; cum 48K 10/20; an 18K month;

RBN Energy: financial results, bankruptcy filings, and mergers separate E&P winners, losers.

Wafting through the late autumn air in November, along with the sharp scent of burning leaves and the cinnamon-tinged aroma of pumpkin pie, was a moderate whiff of optimism for the energy industry’s long-beleaguered exploration and production sector. Equity prices in general were buoyed by news on the efficacy of the COVID-19 vaccines and the prospects of imminent approval that could finally bring the pandemic under control and improve industry fundamentals. E&P stocks, which also benefited from a rebound in third-quarter earnings, recorded the largest monthly gain in history: a 32% rise in the S&P E&P Index. However, their share prices were still down 69% from the 2019 highs and 45% from end-of-last-year levels as oil and gas producers still face a long road to return to “normal.” Today, we analyze the third-quarter earnings of the 40 major E&P companies we track and review the major impacts on the sector since the onset of the pandemic.