These are stories I will follow during the day. There is so much going on, it's impossible to keep up, but I will get back to all these stories throughout the day.
AAPL:
- so many stories and so many story lines this week
- setting up campus in North Carolina;
- commits a half-trillion dollars on spending in US; will add 20,000 new jobs across the country;
- this is up from $350 billion, 5-year plan back in 2018;
- so basically, one billion dollars / year
- Trent Reznor. Hat trick.
- Netflix: long-time readers are aware of my fascination with Netflix. LOL. Last night, at the 2021 Oscars, Netflix won seven Oscars, beating out the other streaming services.
- David Fincher's Mank was the lead nominee with ten nods.
Covid-19:
- connecting the dots, even a caveman could do it:
- the JNJ "pause"
- now, Fauci: worried about "vaccine hesitancy" -- well, duh!
- Fauci can read the numbers, too;
Energy:
- EVs: never saw this coming
- why wind and solar energy are doomed to failure, re-posting;
The market:
- all that hand-wringing? 10-yr-treasury holds below 1.6%; whoo-hoo!
- TSLA: reports after market close today; at the open, p 2%; up $14.60; trading at $743;
- CRC: down one percent at the open; dropped as much as 7% on Friday (after the Newsom announcement before recovering a bit)
- UNP: at the open, up 0.5%; up almost a dollar; trading at $224.50;
- Bill Gates' top 10 high dividient stocks: clickbait;
Global economy:
- UK economy set to grow faster than the US this year -- Goldman Sachs
- forecasts 7.8% for the year
- cash rolling in but it may be awhile before investors see that cash;
- the Newsom announcement;
- Exxon retreated from oil trading even as rivals made fortunes; Reuters;
Taxes:
Fail:
- Haven fizzles; sleeks away quietly; did anyone know? Predictable but the big story? How fast it happened -- in less than three years it crashed and burned.
Global warming:
- This story is big but another story line is even bigger; link here.
Critical race theory:
- how it relates to the energy story; one word, anecdotal;
Tracking US military:
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Back to the Bakken
NDIC daily activity report for Friday, April 23, 2021: in addition to the five new Hess BB-Olson permits, #38272 - #38276, inclusive, reported earlier, the following was also reported in the Friday report:
Thirteen permits renewed:
- NP Resources (8): four Little Mo Federal permits in Billings Company; four Elkhorn Ranch Federal permits in Billings County;
- Hunt Oil (2): one Palermo permit and one Nichols permit, both in Mountrail County;
- MRO (2): a Rutledge permit and a Calvin permit, both in Dunn County;
Six producing wells (DUCs) reported as completed:
- 36356, incorrectly identified as #34627 in the DAR by the NDIC, drl/A, Slawson, Gunslinger Federal 3-12-1H, Sand Creek, no production data,
- 37042, drl/A, Eagle Operating, Wobbly 19-9, Great Northern, target: Madison; vertical well; first production, 2/20; t--; cum 13K 2/21;
- 32414, SI/A, CLR, Polk Federal 10-33H1, Banks, first production, 10/20; t--; cum 115K 2/21;
- 36358, drl/A, Slawson, Gunslinger Federal 2-12-1H, Sand Creek, no production data,
- 36354, drl/A, Slawson, Gunslinger Federal 8-12-1TFH, Sand Creek, no production data,
- 36362, drl/A, Slawson, Gunslinger Federal 1-12-1H, Sand Creek, no production data,
Back to today.
Active rigs:
$61.27 | 4/26/2021 | 04/26/2020 | 04/26/2019 | 04/26/2018 | 04/26/2017 |
---|---|---|---|---|---|
Active Rigs | 15 | 29 | 64 | 63 | 48 |
Two wells coming off the confidential list --
Monday, April 26, 2021: 21 for the month, 21 for the quarter, 102 for the year:
- 36923, AL/A, MRO, Thorson USA 41-8H, Reunion Bay, first production, 10/20; t--; cum 187K 2/21;
Sunday, April 25, 2021: 20 for the month, 20 for the quarter, 101 for the year:
- 37515, F/A, MRO, Pelarske USA 44-5TFH-2B, Reunion Bay, first production, 10/20; t--; cum 160K 2/21;
Saturday, April 24, 2021: 19 for the month, 19 for the quarter, 100 for the year:
- None.
RBN Energy: how natural gas production has continued to outpace crude since Covid hit.
Prior to COVID, crude oil and natural gas production in the U.S. had been on a tear, surging in tandem in the years following the 2014-15 price meltdown. But then the pandemic decimated domestic demand, crushing prices. Predictably, producers cut back production, particularly in crude-focused basins, and it was widely expected that associated gas from those regions would suffer in proportion. But that didn’t happen. Gas volumes have dropped somewhat, but not nearly to the extent that crude did. Said another way, the ratio of gas production to oil production has risen — and that’s been true at both the total U.S. level and in the primary unconventional basins for oil production. In today’s blog, we will look at the factors driving the trend of higher gas-to-oil ratios.
The peak oiler idiots look especially stupid with their old anti shale gas predictions. I like holding them down and rubbing their faces in that. Hughes and Berman, talking 'bout you!
ReplyDeleteTell us how you REALLY feel! LOL.
DeleteOn another note, I will be talking about EVs and how counter-intuitive it will be that the fossil fuel industry will actually be "saved" (or exteneded) by the EV revolution.
This is one of those aha moments.