I completely missed this one. From a reader.
Link here.
************************************** Also On Top Of The World
It must also feel like being on top of the world for AOC who left claustrophobic, overcast, dreary Washington, DC, where everyone, if on camera, is masked, to take a vacation in sunny, open and free, maskless Florda. And for her photo op? Enjoying a martini with her boyfriend, at a sidewalk cafe.
************************************** Also On Top Of The World
Warren Buffett: his BRK--B shares appreciated 32% over the past year, from 227 one year ago to 299 at the close today.
Later, 8:30 p.m. CT: wow, talk about a mismatched semifinal game, Alabama vs Cincinnati -- one could see where this game was headed before the first drive by Alabama was even completed. As for the second game, it appears one team failed to show up. The good news: most fans were able to spend more time with their families on New Year's Eve knowing the outcome of both games before the end of the first quarter.
Later, 6:52 p.m. CT: in the original note I mentioned that the largest Buc-ee's in the world was outside New Braunfels, TX. I mentioned that to my granddaughter. She replied, "not for long." World's largest Buc-ee's is under construction in Tennessee:
construction began earlier this autumn (2021); to be completed in 2023;
in Sevier County; exit 407, I-40, "gateway" for Great Smoky Mountains National Park; Kodak, TN
120 fueling positions (compared with 60 at the New Braunfels, TX, site
250-foot long car wash:
74,000-square-foot development;
the first Buc-ee's in Tennessee was recently announced, located in Crossville, TN
What I find most interesting about this: the close relationship between Tennessee and Texas that began more than a hundred years ago continues today.
Original Note
Betty White: reportedly dies at 99.
Vanguard: if you're having problems with accessing Vanguard, you are not the only one. Bogle's website has been down off and on (mostly off) for the past six days.
XOM: it's going to be one of the bigger investing stories in 2022.
whisper numbers here; let me know if one can find a company whose expected quarterly earnings will grow more than XOM's with their next report (year/year); for XOM: 5,733%.
SEC filings suggest earnings will be better than Wall Street thinks; Barron's.
higher gasoline prices to boost profts by as much as $1.1 billion; MarketWatch.
quarterly earnings per share, 2006 - 2021, XOM; macrotrends. This could be one of XOM's best quarters in recent history;
XOM to post fourth consecutive quarterly (increase) in profit; HartEnergy;
UNP: closed at a 52-week high, after raising dividend twice in one year. Closed just above $252.
Pelosi: I have no idea why folks are upset with news of her recent equity trading. Has she not provided us her crystal ball? You may not like Pelosi, but you might want to look at her picks. It's not as if she doesn't know what's happening. For the record, she invested in Google, Roblox, and Disney, hardly earth-shattering.
TSLA: one of my predictions for 2022 -- China will present formidable challenges for Tesla. Today this: China will cut subsidy standard for new energy vehicles by 30% y/y in 2022; CN Wire. So, nine of ten predictions yet to follow.
Flaring: when I heard that AOC had departed NYC for a sunny vacation I assumed she was going to Iraq to check in on flaring; alas she went to maskless Florida. Iraq: flares more natural gas in ONE year than California produces in 3.5 years. California banned flaring in 1939.
California imported almost 50 million bbls of crude oil from Iraq in 202
California has increased its dependence on oil from Iraq by almost 70% since 2017 (almost 30 million bbls)
US equities: best sector in 2021? Energy. Up almost 50% in the past year.
CBOE volatility index: link here. 17.5, up slightly but remains at the lower end.
******************************** Back to the Bakken
Active rigs:
$75.46
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Active Rigs
30
13
55
67
49
No wells coming off the confidential list today.
RBN Energy: the top ten RBN energy prognostications for 2021 -- scorecard.
Finally! It’s the last day of 2021, which means it’s time for our annual
Top 10 Energy Prognostications blog, the long-standing RBN tradition
where we look into our crystal ball to see what the upcoming year has in
store for energy markets. And unlike many forecasters, we also look
into the rear-view mirror to see how we did with last year’s
predictions. That’s right! We actually check our work! And that’s what
we’ll do in today’s scorecard blog. Then on Monday we’ll lay out what we
see as the most important developments of the year ahead. But today
it’s time to look back.
I remember pre-Covid, looking for 10 million bopd gasoline demand. We're getting very close once again. First week, July, 2021, 10.043 million barrels.
The US reports almost 500,000 new coronavirus cases -- sets a new world record. Why is the most-vaccinated country setting the new all-time record? China and India each have way more people than the US and neither comes close to "our" record-setting numbers.
Brandon sets a new record.
President Biden hands pandemic back to the states and heads to his
Delaware home [I don't think the "national psyche" understands what has
just happened; and, quite frankly, ever seen a president walk away from a
national problem so abruptly].
Under NYSE Rule 7.2, which governs the exchange’s holiday
observances, the stock markets close on the Friday before a holiday that
falls on a Saturday and on the Monday after one that falls on a Sunday —
“unless unusual business conditions exist, such as the ending of a
monthly or yearly accounting period.”
That clause means the markets won’t close on Friday, Dec. 31, 2021,
because it marks the end of a monthly, quarterly and yearly accounting
period, requiring a full day’s trading. This last happened 11 years ago,
when January 1, 2011, fell on a Saturday.
My hunch: it's gonna be one huge party on those trading floors tomorrow. Just think, if Louis Rukeyser were still alive -- tomorrow night -- Friday night on PBS ... what will be get instead ... I can only imagine.
Bowl games, all day today, starting at 11:30 a.m. ET. The only one worth watching? #12 Pitt vs #10 Michigan State, 7:00 p.m.
*************************************** A Musical Interlude
Lake Tahoe: record snow hits Lake Tahoe. Following a year of both extreme heat and drought, Lake Tahoe has seen a
record-breaking amount of snow this December, according to the U.C.
Berkeley Central Sierra Snow Lab. Link here.
The Tahoe area has
seen 210 inches of snow since the beginning of the month, the lab, based
in Soda Springs, California, reported Wednesday. That makes this month
the third snowiest on record and the snowiest December ever, per
tracking from the lab that started in 1970.
If weather modeling holds up, it's possible December could also
overtake the current No. 2 record holder, February 2019, which saw a
whopping 221 inches of snow.
Typically about 110 inches of snow will have fallen by Jan. 1 in a given
water year, which begins on Oct. 1. But, so far, 2021 has already seen
264 inches of snowfall, putting the region at 258% of its average for
this point in the year and breaking the 51-year-old October through
December snowfall record of 260 inches set in 1970.
Cape Cod: and so it goes. We have fond memories of Cape Cod. We spent four years in the Boston area not so long ago. Learned to love Cape Cod.
Best summary ever: New England is an energy crisis waiting to happen. Link here.
While the US has become the largest producer of natural gas and an ever-larger exporter of LNG, the country does not produce LNG carriers. Since there are no US LNG carriers, New England cannot benefit from the build-out of LNG export facilities along the Gulf of Mexico, despite having significant LNG import
facilities like the one in Everett, Massachusetts. That means New
England is in the same bidding pool as Europe and Asia. Amazingly, most
LNG imports to the Everett terminal have come from Trinidad and Tobago!Instead
of simply building pipelines to its land neighbors, New England pays
for boats to sail more than 2,000 miles – burning fossil fuels and
polluting the oceans as they do so – and pays a substantially higher
price for the privilege.
He was a football savant—named head coach of the Oakland Raiders at
age 32, he won a Super Bowl in the 1976 season, and didn’t have a losing
year in a full decade on the sideline. On TV, he never talked down to
his audience. Football is a complex sport, often described through stiff
wartime lingo, but Madden cut through the bombast and made it sound
like backyard fun, using newfangled Telestrator technology to diagram
schemes as if he was sketching them in the sand.
He was always gently selling—the playmaking, the atmospherics,
the coaches, the stars, and especially the lesser-known fellows on the
line, because he’d been one of those. Madden loved hirsute centers,
rumply ends and roly-poly nose tackles, and on any given Sunday, he’d
make household names out of them, too. He began selecting an All-Madden
Team, full of his kind of guys, tough men who played with broken thumbs
and ate bolt screws for breakfast.
He was both a critical phenomenon and a relentless populist.
Madden on TV spoke like he was sitting next to you in an airport bar,
except if you knew anything about Madden, you knew he’d never be in the
airport. He always took the train, then a customized bus—a choice owing
to claustrophobia and a bad episode on a flight while with the Raiders.
********************************* LXIII
I quit watching the Clemson - Iowa game early on; same with the Oregon - Oklahoma game.
Really, really disappointing.
But then I caught a replay of the #1 NFL game of all time, called by John Madden.
Now I understand why some consider Roethlisberger a demi-god.
The NBC television network broadcast attracted an average U.S. audience of 98.7 million viewers, making it the most watched Super Bowl in history at that time.
This game was ranked #4 on NFL Top 10 on NFL Network for Top 10 Greatest Games of All Time and ranked #1 for Top 10 Super Bowls.
How do you sum up a year like 2021? It was good times for the
economic health of producers and midstreamers alike. Prices were up, as
were production and flows. But 2021 also brought along more than its
share of chaos, including disruptive market events like Winter Storm
Uri’s deep freeze and Europe’s natural gas crisis, along with general
perplexity around all things clean, green, renewable, and certified. At
RBN we take a different approach to assessing common industry themes.
Namely, we examine the events and trends that the market
considers the most important — crowd-sourced market intelligence, if you
will. We can do that because every weekday we post a blog covering a
single topic and blast it to almost 35,000 people, and we scrupulously
monitor the website hit rate to see which blogs garner the most
interest. Then, at the end of the year, we look back to see which topics
rank at the top of the hit parade. That score reveals a lot about major
market trends. So today we dive into our Top 10 blogs based on the
number of rbnenergy.com website hits over the past year to see what we
can learn about where things stand today and what’s up next.
So what was the #1 theme for 2021? Well, the title of today’s blog
has already given away the answer. The most prevalent issue resulting in
high hit rates across the 255 blogs we posted this year was the
collision of the energy transition into energy reality — the challenge
of moving toward decarbonization and at the same time making sure
markets have enough energy to survive the transition. It’s the energy
markets conundrum of the 2020s and beyond. We must live, work, and
produce hydrocarbon-based products the way the world works today, while
at the same time preparing for and investing in the world to which we’re
headed. A world that a lot of folks believe means net-zero greenhouse
gas emissions and no more hydrocarbons. It’s like a mild case of
schizophrenia; we live in one reality, but we must think in terms of an
entirely different future reality. Already we’ve seen evidence of the
implications: very messy energy markets. Given this as our theme, let’s
see what the top blogs of 2021 can tell us about what we’ve observed so
far and what we might expect in the coming year. Just like any year-end
Top 10 list, we’ll start with #10 and work our way up to #1.
A reader sent me this photo today with the caption:
Wed, Dec 29 at 8:48 PM -- Nabors B05 or Nabors B5
Rigged up in Mercer county just north of the Morton county line on highway 49 a couple miles or so.
I can't find the Nabors B5 rig at any of the NDIC sites (well search, confidential well, daily activity reports. I'll keep looking ... see if I can identify the well.
The size of these rigs never cease to amaze me and, in this case, look at the small town that has popped up around this rig to drill a single well.
For those who understand the pricing of gasoline in this country, one can connect the dots back to 2005 when the Keystone XL was first publicly proposed.
It's a complicated story, not easily explained to the American public.
But at the end of the day, all discussions about $4.00-gasoline circle back to the Keystone XL.
Can any reader remember if any major US airport has ever been shut down, not because of weather or terrorism, but because not enough workers showed up for work?
DFW (Dallas-Ft Worth International Airport) has just been closed to all incoming flights because there are not enough workers.
I have not fact-checked this, but I have that from a very, very reliable source. Local news.
Following this story: all liquor stores in the DFW area will be closed this Saturday and Sunday.
I was challenged with another "tech" problem earlier today; the iPad solved it for me. It just worked for me. It did what I wanted it to do. Didn't need a manual. Intuitive.
Sometimes I think Apple is transferring all its software folks to mobile and letting desktops twist in the wind.
Sophia is with her family on the famed River Walk in San Antonio this week /weekend.
Long story. But that's where Sophia and Corky are tonight.
****************************** Off The Net In A Few Minutes
Bike ride before it gets too dark to pick up a rotisserie chicken for dinner, and I bet it's less expensive than a frozen "organic young chicken" in the back of the store.
***************************** Local Covid
This is great! Adult daughter -- ph.d. in nursing -- shows up for work today -- one of the employees tested positive for Covid -- the whole staff is off for the next ten days!
Not exactly "off" -- they will work from home, but that's as good as being off in my book.
Long live Covid-19. More family time. Wow, what a great country. And 80-degree weather -- until winter hits this weekend for a couple of days.
*************************************** Turn Up The Volume
************************************** Back to the Bakken
Active rigs:
$76.62
12/29/2021
12/29/2020
12/29/2019
12/29/2018
12/29/2017
Active Rigs
31
13
56
66
48
No new permits.
Hess put a large number of old producing Madison wells on the "abandoned" list.
Dry hole:
35151, XTO, Bullberry Federal 24X-2D, Lost Bridge, will plug and abandon; cementing issues were encountered on the well. Re-drilled as the 24X-2DR (#35789);
other wells on that pad, all drilled, but not completed:
35789, SI/NCW, XTO, Bullberry Federal 24X-2DR, Lost Bridge,
35150, SI/NCW, XTO, Bullberry Federal 24X-2H2, Lost Bridge,
35154, SI/NCW, XTO, Bullberry Federal 24X-2G, Lost Bridge,
35155, SI/NCW, XTO, Bullberry Federal 24X-2C, Lost Bridge,
A reminder: these wells are in the immediate vicinity of this well -- from an earlier post, note production in September, 2020, below.
MRO is on a roll. This is really quite incredible. Maybe more on this later, but for now, the well:
32434, drl/NC-->4,679, MRO, Stillwell 21-13H, 33-025-03101, Lost Bridge, first production, 8/20; t--; cum 215K 9/20; fracked,
8/19/20 - 8/25/20; 7.9 million gallons of water; 81.2% fresh water by
mass; 6.4% produced water by mass; production; note 90K in first full month of production; 215K in three months. Early in the boom, EURs of 300K were the expected; 403K 8/21; F;
Meanwhile, UNP, hits a 52-week high. Then, look at the dividend increases, link here, from 97 cents to $1.18 / share / quarter in less than a year (a 22% increase):
Then compare to COP which recently cut its dividend in half.
US crude oil in storage decreased by an impressive 3.6 million bbls. WTI: up slightly on news.
US crude oil in storage stands at 420.0 million bbls; 7% below five-year average
US crude oil imports averaged 6.8 million bbls; yawn; increased by 0.6 million bbls; four-week average of 6.5 million bpd is almost 14% more than same four-week period last year;
US refiners are operating at 89.7% of their operable capacity; yawn
distillate fuel inventories decreased by 1.7 million bbls; 14% below the five-year average
jet fuel product supplied was up 20.6% compared with same four-week period last year;
US crude oil and oil products in storage, including SPR:
This was part of President Biden's plan to lower gasoline prices. Much of the decrease in US storage was due to the release of "our" strategic reserve as ordered by President Biden. Most of our "strategic reserve" released crude oil went to China and India. An example of strategic thinking.
Mine, in progress, not ranked in any particular order:
EV manufacturers will experience a "come-to-Jesus" moment; Chinese challenges for Tesla may be insurmountable;
there will be a relative glut of new cars by mid-summer as supply chain obstacles are resolved, and floodgate of 2022 cars released as well as beginning surge of EV -- prediction added January 3, 2022; prices may not be much better but more than enough new cars available;
WTI trends toward $90, but won't go over $100;
gasoline prices will dominate mid-term discussions; GOP re-takes the US House, US Senate
no major military action in the Pacific; in eastern Europe; in the Mideast; or on the Korean peninsula; another year of peace;
Covid-19 fades away; Omicron was the beginning of the end;
AAPL: first company to have a market cap of $3 trillion+
the Bakken "maintains";
active rigs trend toward 40; production returns to 1.2 million bopd;
EOG announces early EOR results
Fed will make only one rate increase, not three as telegraphed near end of 2021
implies increased risk of recession if more than one rate increase;
but only way to stop inflation from running out of control may be increased number of rate changes even if that increases risk of recession
NFL has best year in history; NBA not so much
Dallas Cowboys get past first round but don't make it to the Super Bowl
Jamie Dimon's initial thoughts on cryptocurrency will turn out to be correct
the milliondollarway blog will be better than ever
The one "issue" that completely confounds me: how much crude oil the US will have in storage measured in "number of days" through 2022.
if week-after-week, number of days of crude oil supply stays above 30 days, the "availability of oil" is a non-issue.;
if "we" stay between 22 days and 28 days, moving around an average of 26 days, plus or minus a couple of days, it's pretty much the same thing -- a yawner;
but if we get to 24 days and the trend is definitely downward, one would expect crude oil prices (and gasoline prices) to start going higher;
for me the "breaking point" is 20 days AND a consistent downward trend, week-after-week;
a second aspect of all this correlates with this maxim: the price of oil is not determined by the average price of all oil available, but the price of the last bbl being sold, if that makes sense -- the corollary? Once we hit go below a certain number of days of crude oil in storage, the price of oil won't move linearly with the drop in the number of days of oil storage. The price of oil will surge, not week/week, but day/day. Imagine walking toward the edge of a cliff .... that last step is not like the penultimate step before going over the edge ...
days of supply is incredibly complicated:
first of all, it's a prediction
second, large number of variables, each of which by itself, can be incredibly difficult to predict
completely unpredictable geopolitical events can have huge effects
policy decisions by oil-producing countries can have huge effects, and some policy decisions can result in unintended consequences (e.g., Biden's decision to release oil from the SPR)
all one can do is pull out a yellow legal-size piece of paper, draw a line down the middle and put supply issues on one side and demand issues on the other other side (the most recent, perhaps best example -- the announcement by Mexico that as of 2023, that country will no longer export any of its oil
Johnson & Johnson currently operates the company with three separate segments:
Consumer Health
Pharmaceutical
Medical Devices
During the company's most recent quarterly report, these segments reported the following revenues:
Consumer Health = $3.7B
Pharmaceutical = $13.0B
Medical Devices = $6.6B
The
breakup of two separate businesses will have the consumer health
segment, which owns products such as: Band-Aid, Listerine, Aveeno,
Neutrogena, and Tylenol among other products.
The second business,
although it will have much more risk, will be made up of the faster
growing pharmaceutical and medical devices segments.
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.
Vaccine passports don't help: link here. This article does not discuss it but I now understand why herd immunity is not yet working for Covid-19, and it may not ever work for this virus. One wonders if things might have been different had Covid-19 caused a disfiguring rash. Interesting thought.
Montana State at NDSU: January 8, 2022 -- be sure to put this on your google calendar with a reminder.
Ford > GM: Ford's market cap exceeded that of GM's recently but this morning in extended traded, GM is still slightly above that of Ford. But F has doubled over the past year, one of the strongest market performers in the last three to four months.
More global warming for southern California:
The second of two storms forecast for this week is expected to hit Southern California today, bringing more precipitation to close out a wet December and likely providing more white stuff for skiers.
Forecasters expect 1 to 3 inches of rain for coastal and valley areas, with 1½ to 2 inches in the mountains of Santa Barbara and Ventura counties. The area could also see significant snowfall at high elevations. Record-breaking snowfall hit the Sierra Nevada on Monday — a much-needed surprise for the bone-dry West, where only months ago, officials declared a state of drought emergency.
TILT: Mexican apples. One of the first words I learned on Duolingo? Manzana. Why? Last night on Perry Mason, season 5, episode 15, "The Case of the Roving River" began with a scene at the fictional "Manzana airport." Yo quiero comer un manzana. Tu tienes manzanas? Yo necesito manzanas. Me gustan mucho los manzanas. LOL. Apples from southern California? From Mexico? On another note, "The Case of the Roving River" reminded me of the "riparian" controversy in the Bakken. Fascinating. The court ruled in favor of the original landowner in that case.
I guess we will quit here; the market has opened. Good luck to all.
AAPL: touch and go, but AAPL is back up over $180 in early morning trading.
Samsung: implies another supply chain disruption. Overnight Samsung announces it will "temporarily adjust operations" at their Xi'an, China, facility. First question: where do American automobile manufacturers get their chips?
Countries around the world are formulating and refining their strategies
to reduce greenhouse gas emissions. Their policies target numerous
areas such as stationary emissions, electricity production, and
transportation. Within the transportation sector, one aspect that has
spurred quite a bit of investment relates to reducing the carbon
intensity of transportation fuels. The low-carbon fuel policies that are
in place today, coupled with those being evaluated for the future, have
the potential to incentivize the development of a wide range of
“greener” alternatives to petroleum-based fuels in the regions where
they are adopted. In today’s RBN blog, we discuss highlights from Part 2
of our Drill Down report on low-carbon fuels, focusing this time on
ethanol, biodiesel, sustainable aviation fuel, and hydrogen, and the
government policies that help support them.
He was a football savant—named head coach of the Oakland Raiders at
age 32, he won a Super Bowl in the 1976 season, and didn’t have a losing
year in a full decade on the sideline. On TV, he never talked down to
his audience. Football is a complex sport, often described through stiff
wartime lingo, but Madden cut through the bombast and made it sound
like backyard fun, using newfangled Telestrator technology to diagram
schemes as if he was sketching them in the sand.
He was always gently selling—the playmaking, the atmospherics,
the coaches, the stars, and especially the lesser-known fellows on the
line, because he’d been one of those. Madden loved hirsute centers,
rumply ends and roly-poly nose tackles, and on any given Sunday, he’d
make household names out of them, too. He began selecting an All-Madden
Team, full of his kind of guys, tough men who played with broken thumbs
and ate bolt screws for breakfast.
He was both a critical phenomenon and a relentless populist.
Madden on TV spoke like he was sitting next to you in an airport bar,
except if you knew anything about Madden, you knew he’d never be in the
airport. He always took the train, then a customized bus—a choice owing
to claustrophobia and a bad episode on a flight while with the Raiders.
With regard to energy right now, the most fascinating story is who will turn out to be "right" when the crude oil story is told in 2022.
The forecasts are across the entire continuum, all the way from those who argue there is a huge supply / demand imbalance that will drive crude oil prices back down to $40.
Others say the demand / supply imbalance will be so severe in mid- to late-2022 that we will see $160-crude oil.
The "technical data," the fundamentals, history suggest we should see significantly higher prices for crude oil in 2022, but at the same time, "we" always seem to find a way to muddle through and the "powers that be" will be able to manage any "shortage" of crude oil. I have absolutely nothing to contribute to this conversation. It will simply be fascinating to watch. But I am investing as if the "technical data," the fundamentals, history turn out to be correct.
Wow, I'm in a good mood. I think I mentioned this once before on the blog, or maybe it was in a sidebar, an e-mail conversation with a reader.
With regard to the whole Covid-19 pandemic, there are three arenas, but unlike the typical Venn diagram, the three arenas do not overlap:
the science;
the "Fauci" component; and,
the politics.
Some might argue the three arenas do overlap. Maybe they do. Doesn't matter. Whatever.
Up until recently, all three arenas were continuing to grow in size with no indication of any "end" in sight.
Until "now."
The political arena is yet to play itself out, all the way, perhaps, to the US Supreme Court ruling on Federal and OSHA mandates.
The "Fauci" component is imploding. Dr Fauci, himself, is most likely about ready to go down in flames in the eyes of the American public and perhaps even the mainstream media. Quarantines lasting two weeks long and all the other policies nearly destroyed the global economy, and now it turns out, like most respiratory viral infections, Covid-19 required maybe five days of quarantine. Imagine how different things would have been these past two years had five-day quarantines, along with some other less draconian policy changes, been the norm. In a "just" world Dr Fauci would be held accountable. He will simply fade away.
That leaves the third arena, the science. This "thing" is literally coming to an end in front of our eyes. The NFL struck the first blow.
Elsewhere, I've linked supporting documentation that "proves" this is all over, literally and figuratively, and perhaps some day I will link that site. But not now.
For now, this is absolutely fascinating. This is truly the beginning of the end of Covid-19 as a virus of which to be afraid. But, wow, I wish we knew more how Spanish flu simply disappeared following the late, fourth peak, occurring in January - April 1921.
I'm in a great mood for two reasons with regard to what's going on with Covid-19 right now. First of all, I'm glad, that as an infectious disease, it is the beginning of the end, regardless how that occurs.
The second reason I'm in a good mood is because the evidence is now staring us in the face, as they say, proving that the pandemic is in its final stages. This will be absolutely fascinating.
I'm not saying the second and third arenas ("the Fauci component" and the politics) won't prolong the agony, all I'm saying is that this virus has pretty much burned itself out as a virus of which to be concerned.
Scientists, both medical scientists and political scientists, have learned a lot from this virus.
End Of The Line, The Traveling Wilburys
That would be enough to say, I suppose, but think about this. The Spanish fly mysteriously abruptly ended in 1921, to be followed by the "Roaring Twenties."
The Young And Beautiful, Lana Del Rey
From the wiki link:
The spirit of the Roaring Twenties was marked by a general
feeling of novelty associated with modernity and a break with
tradition, through modern technology such as automobiles, moving
pictures, and radio, which brought "modernity" to a large part of the
population. Formal decorative frills were shed in favor of practicality
in both daily life and architecture. At the same time, jazz and dancing
rose in popularity, in opposition to the mood of World War I. As such,
the period often is referred to as the Jazz Age.
Now, 2021:
jazz and dancing, music: ?
modern technology such as automobiles: EVs
moving pictures and radio which brought "modernity" to the masses: AR-based hardware --> the metaverse
History may not repeat itself but it does rhyme.
What an exciting time to be alive.
I'm back to watching CNBC. I had not watched it since the flash crash, "Thanksgiving Friday," with minor exceptions. Today, I watched a little bit, not much, but I can hardly wait to watch what tomorrow brings. I'm not sure if Jim Cramer is taking the week off; I will be disappointed if he's not there, at least on Friday.
November 7 - 8, 2022: DUCs reported as completed --
38727, 795, Slawson, Sauger Federal 4-22H, Big Bend, t--; cum 36K 11/2;
38726, 1,083, Slawson, Cannonball Federal 1 SLH, Big Bend, t--; cum 57K 11/22;
38725, drl/A, Slawson, Sauger Federal 5 SLTFH, t--; cum 26K 11/22;
Original Post
Slawson doesn't drill many wells in the Bakken, but when they do, they drill some great wells.
Three new permits, #38725 - #38727, inclusive:
Operator: Slawson
Field: Big Bend (Mountrail)
Comments:
Slawson has permits for two Sauger Federal wells and one Cannonball
Federal well, all in SWSW 22-152-91;
to be sited 550 FSL and 525 FWL and
625 FWL;
From this pad:
Sauger Federal wells run north.
Cannonball Federal wells run north.
Note: these new permits are for wells in Big Bend oil field. The older Sauger Federal / Cannonball Federal wells are clearly in the Big Bend oil field, also, but their scout tickets show these wells in Van Hook oil field, a field several miles to the south.
Wells of interest, along section line, 22/27-152-91:
To the west:
18717, 1,306, Slawson, Sauger Federal 1-22H, Van Hook, t4/10; cum 421K 10/21;
18170, 1,382, Slawson, Cannonball Federal 1-27-34HH, Van Hook, t5/10; cum 490K 10/21;
To the east:
21039, 626, Slawson, Sauger Federal 3-22H, Van Hook, t11/11; cum 265K 10/21;
21038, 454, Slawson, Cannonball Federal 3-27-34HH, Van Hook, t12/11; cum 549K 10/21;
20099, 1,080, Slawson, Cannonball Federal 2-27-34HH, Van Hook, t11/11; cum 406K 10/21;
Parent well sited in NENE 22-152-91:
20107, 1,060, Slawson, Sauger Federal 2-22H, Van Hook, t11/11; cum 384K 10/21;
Global warming wallops California: nine feet of snow buries California mountains as brutal cold invades US -- Axios.
record-breaking snowfall, Sierra Nevada Mountains
major interstates closes
Northstar California Resort picked up fifteen inches since Monday
some one-week snowfall totals may eclipse ten feet
at UC Berkeley's Central Sierra Snow Lab: 202.1 inches have fallen since December, making it the snowiest such month on record there; third-snowiest month of all time
******************************* Back to the Bakken
WTI: closes at $76.01
Active rigs:
76.01
12/28/2021
12/28/2020
12/28/2019
12/28/2018
12/28/2017
Active Rigs
32
13
56
67
50
Three new permits, #38725 - #38727, inclusive:
Operator: Slawson
Field: Big Bend (Mountrail)
Comments: Slawson has permits for two Sauger Federal wells and one Cannonball Federal well, all in SWSW 22-152-91; to be sited 550 FSL and 525 FWL and 625 FWL;
Four permits renewed:
Whiting: four State Federal permits in McKenzie County, NENW 16-148-99;
