Thursday, March 25, 2021

All Three Indices Set New Records? Not Sure If I Heard That Correctly But I Think That's Correct; CLR With Seven New Permits -- March25, 2021

Apple, link here.

Apple bought the most artificial intelligence companies from 2016 to 2020. 

From the linked article:

Over the course of the last several years, Apple has bought companies like Emotient, Turi, Glimpse, RealFace, Shazam, SensoMotoric, Silk Labs, Drive.ai, Laserlike, SpectralEdge, Voysis, XNOR.ai, and more, all with the aim of improving the AI and machine learning capabilities of its products and services.

Rigs matter OR shale operators can't hold back: after promising to focus on free cash flow, and not increase production, it looks like drillers can't hold back. At least not in the Permian. From twitter this afternoon:

US oil, rig count jumps 11 to 513, as

Permian keeps adding!

Kinda makes one wonder about the IEEFA story on free cash flow.  

****************************
Back to the Bakken

Active rigs:

$58.51
3/25/202103/25/202003/25/201903/25/201803/25/2017
Active Rigs1450686049

Seven new permits, #38218 - #38224, inclusive --

  • Operator: CLR
  • Field: Baker (Williams County)
  • Comments:
    • CLR has permits for seven Plano FIU wells, located in SENW/NENW28-154-101;
    • sited between 1349' and 1131' FNL and between 2348' and 2448' FWL;

Two oil and gas permits renewed:

  • Enerplus: one Morgan permit in Dunn County;
  • Liberty Resources: one McGinnity permit in Williams County;

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