No New Permits; Seven Permits Renewed; BR Reports A Nice DUC -- Late Afternoon Edition -- July 22, 2021

The market is on a tear:

• Twitter: beats on earnings. Soars seven percent.
• Snap: soars nine percent; also beats on earnings. EPS at ten cents when analysts forecast a one-cent loss. 
• CSX: also beats; share jump. Pulls UNP along. 
• Skechers: beats on revenues; shares surge seven percent.  
• Boston Beer: huge miss on both revenue and earnings. Shares drop fifteen percent. Markets Truly Hard Selzter and Samuel Adams. Put too much guidance on seltzer; did not do as well as expected. That's interesting. Anecdotally, "everyone" drinks Truly in the pools at our apartment complex (not me).
• INTC: beat on other upper and lower lines, but shares fall. Implied guidance 2H21 spooks traders.
  

WTI: up over 2%; up almost $1.50; trading at $71.76. "Everyone" says they are looking for $80-oil by the end of the year. They never specifiy WTI or Brent when they say "oil" generically. I assume they generally mean Brent, as long as Brent is trading at a premium to WTI.

NOG: will report 2Q21 earnings before the market opens on August 5, 2021; conference call will be held same day, a few hours later, at 10:00 a.m. CT. 

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. 

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NFL Releases "Rules" Re: Covid-19

Link here. 

High points:

• 18-game season; no 19th game under any circumstances
• games not played: if due to Covid-19 outbreak among unvaccinated players -- the team forced to forfeit will take an "L" for playoff seeding;
• if a game is canceled and cannot be re-scheduled, players will not be paid on either team, regardless of which team forfeited
• a grey area?
  
• vaccinated players who test positive can return to the team immediately following two negative tests;
• unvaccinated players who test positive will be required to isolate for ten days

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Semi-Pro Football

SEC / Big 12: Texas, Oklahoma have apparently reached out to the SEC to move to a different conference. Winners and losers.

It's been almost 10 years since the SEC expanded to 14 teams with the additions of Texas A&M and Missouri — both castoffs from the Big 12.

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Back to the Bakken

Active rigs:

$71.68	7/22/2021	07/22/2020	07/22/2019	07/22/2018	07/22/2017
Active Rigs	23	11	55	67	58

No new permits.

Seven permits renewed:

• XTO (3): three Edwards Trust Federal permits in McKenzie County.
• BR (3): two George permits and one Bailey-George permit, all in McKenzie County.
• CLR: a Juneau permit in Williams County.

One permit canceled:

• XTO: a Prairie Federal permit in McKenzie County.

Two producing wells (DUCs) reported as completed:

• 35807, drl/NC, Petro-Hunt, Little Knife, Billings County, no production data,
• 36313, loc/NC, BR, State Dodge 1B MBH, Dimmick Lake, first production, 3/21; t--; cum 74K 5/21; 33-053-09019; fracked 11/1/20 - 11/8/20; and 1/2/21 - 1/6/21; first frack, 9.4 million gallons of water; 88.1% water by mass; second frack, 1/2/21 - 1/6/21; 4.5 million gallons of water; 87.5% water by mass; the BR Dodge wells in Dimmick Lake are tracked here; production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2021	31	26757	26931	12277	47008	44935	1884
BAKKEN	4-2021	30	45190	44862	19194	70532	70118	73
BAKKEN	3-2021	31	2191	2165	0	3683	3659	0
BAKKEN	2-2021	28	0	0	0	0	0	0