First Day Of The Last Week Of The Third Quarter -- September 27, 2021

The Fed: Jay Powell says the labor market continues to improve. This includes the two new jobs that just opened up at the fed. [For the archives: two Fed governors resign over personal investing practices.]

Apple, Tesla: have suspended some production in China. Everything is being impacted; not limited to technology. Think NIKE. Not good. 

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.

SRE: takes a $1.1 billion charge related to Aliso Canyon. 

Natural gas: prices in Europe hit an all-time high. Both UK NBP and Dutch TFF natural gas benchmarks have closed the day at their highest-ever settlement, up eleven percent on the day, to a closing price equal to more than $26 per mBtu. 

$75: to put things in perspective, a lot of energy stocks have only returned to pre-Covid. The market is not valuing these stocks at $65 / bbl WTI let alone $75. -- HFI Research. 

One reader will like this, from twitter: PBT started drilling in March, 2020, right when everything shut down. My favorite stock, a royalty trust, that's spending $86 million to create 91 new wells and 24 recompletions budgeted for 2021 on top of 1400 wells. Cash distribution in 1Q22 is gonna be wild after suppressed due to spend. -- a social media comment from the linked thread above.

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

Active rigs, best guess*: NDIC is no longer reporting active rigs --

$75.42	9/27/2021	09/27/2020	09/27/2019	09/27/2018	09/27/2017
Active Rigs	26*	11	57	65	57

Three new permits, #38584 - #38586, inclusive:

• Operator: Rimrock Oil & Gas
• Field: Moccasin Creek (Dunn County)
• Comments:
• Rimrock has permits for three more wells to be sited in SWSE 33-148-93; 
• between 691 FSL and 706 FSL and between 2531 FEL and 2484 FEL;

Four wells released from confidential list:

• 37245, conf, MRO, Armstrong 14-34H, Dunn County, Bailey, no data provided; scout ticket not updated;
  
• 38181, conf, Petro-Hunt, Hurinenko 144-98-2B-11-1HS, Billings County, Little Knife; early, minimal production, scout ticket not updated;
  
• 37028, conf, Enerplus, Mandolin 149-94-02C-01H, McKenzie County, Mandaree, early, nice production, scout ticket not updated;
  
• 37029, conf, Enerplus, Fiddle 149-94-02C-01H-TF, McKenzie County, Mandaree, incredibly good well; scout ticket not updated;