Fed: it's a win-win for investors. Either Jay Powell will be re-appointed or Lael Brainard will be appointed. The former has done a superb job and investors "know" and "trust" him. Lael? She's even more dovish.
Lael, meaning? Belonging to God, onto God.
The name Lael occurs only once in the Bible. Lael was the father of Eliasaph, the leader of the Gershonite Levites at the time of the first census of Israel (Numbers 3:24). Nothing further is known about this man.
Etymology: this is really, really cool. Two syllables:
- first syllable: "la"
- second syllable: "el"
The second syllable should be known by all. This is the prominent Canaanite deity whose name became applied to the God of Israel, or the common abbreviation of Elohim, the genus God. Another example, "Bethel: beth-el --> home of God.
The first syllable, "la," simply means belonging to.
***************************************
The Situation Is Being Monitores
Brandon is monitoring the situation: Line 5. Link to Charles Kennedy.
Oil jump today: caught me by surprise. The good news: Brandon and his team in the White House are monitoring the situation.
One and done. When Brandon announces an SPR release it will be a waffling amount -- afraid to "go big." At most, WTI drops from $84 to $80. That will be the last arrow in that quiver, the SPR release. If OPEC diverts an equal amount of oil to India, Asia or cuts production or unable to meet quotas, oil reverses and there is no Plan B. Keystone XL, "miss me now?"
SRE; 3Q21 earnings call is available. Earlier, it had been reported that SRE met estimates.
*************************************
Back to the Bakken
Active rigs:
$84.37
| 11/9/2021 | 11/09/2020 | 11/09/2019 | 11/09/2018 | 11/09/2017 |
|---|
| Active Rigs | 32 | 15 | 55 | 66 | 52 |
One new permit, #38644:
- Operator: Oasis
- Field: Baker (McKenzie)
- Comments: Oasis has a permit for a Linda Federal well in SESE 12-153-102, 338 FSL and 680 FEL;
Ten permits renewed:
- BR (5): four Tilton permits and one Harry Dunne permit, all in Dunn County;
- Murex (4): four Skari permits -- the Iner Skari permit; the Laura Skari permit; the Vernon E. Skari permit; and, the Evar P Skari permit; all in McKenzie County;
- Bowline (1): Tilton permit in McKenzieCounty according the NDIC's daily activity report but that's in error; Bowline's (Nine Point Energy's) #29956 is not a Tilton permit, but the Novak 152-102-35-26-6H, located in Elk oil field, SEE 35-152-102; one wonders how many more errors exist in the daily activity reports when data points can't be cross-checked with scout tickets.
Three producing wells (DUCs) reported as completed:
- 37043, 525, CLR, Simmental Federal, Elm Tree, reported five days of production in July, 2021;
- 38192, 370, Ovintiv, Olson 152-96-30-31-16H, Westberg; looks like a good well; see below.
- 38090, 4,145, Hess, GO-Braaten-LW-156-97-2833H-1, Dollar Joe, a very, very nice well; see below;
The Hess well:
- 38090, 4,145, Hess, GO-Braaten-LW-156-97-2833H-1, Dollar Joe, a very, very nice well;
| ool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|
| BAKKEN | 9-2021 | 27 | 29878 | 29951 | 82262 | 54836 | 51651 | 3185 |
| BAKKEN | 8-2021 | 24 | 31613 | 31422 | 55162 | 51051 | 34886 | 16165 |
The Ovintiv well:
- 38192, 370, Ovintiv, Olson 152-96-30-31-16H, Westberg; looks like a good well;
| Date | Oil Runs | MCF Sold |
|---|
| 9-2021 | 15886 | 46067 |
| 8-2021 | 10308 | 22125 |
