Friday, November 26, 2021

Wow: What An Incredible Night On TCM -- A Night Of Dean Martin -- The King Of Cool -- November 26, 2021

****************************
Note For The Grandchildren

The first movie: Ocean's 11:

  • the casinos, south to north (correct?): the Flamingo, the Sands, the Desert Inn, the Riviera, the Sahara
    • the Flamingo: opened December, 1946; still operating; link;
    • the Sands: opened December, 1952,
    • the Desert Inn: opened April, 1950; closed August, 2000;
    • the Sahara: opened October, 1952; still operating;
    • the Riviera: opened April, 1955; closed May, 2015;
  • My wife and I first visited Las Vegas together on/about March 19, 1977
    • we were married in Las Vegas
    • so, in 1977, all those casinos would have still been operating ... as wells as all those chapels
    • link here.

The second movie: Robin and the Seven Hoods

The third movie: Dean Martin: King Of Cool

  • I saw this the other night, the premier showing, though re-televised about a week later
  • premiered on TCM: Friday, November 19, 2021
  • the documentary is "must-watch TV"

Truly amazing the "new" and original content on Hulu, Disney+, HBO, Netflix. Apple TV, Roku. Truly amazing. We "subscribe" to Hulu; our older daughter and Sophia subscribe to Disney+ and Netflix, but it looks like Disney+ -- in a heap of trouble -- is going to "bundle" this with Hulu for a ridiculously low price. I wouldn't care except that I'm eager to see "Loki" on Disney+. 

Week 47: November 20, 2021 -- November 27, 2021

Doofus of the week: "I don't have that number in front of me."

Top story of the year: flash crash -- orchestrated by WHO/China. Ends energy crisis in China.

Top story of the week:

Top international non-energy story:

Top international energy story:

Top national non-energy story:

Top national energy story:

Top North Dakota non-energy story:

Top North Dakota energy story:

Geoff Simon's top North Dakota energy stories:

Operators:

Operations:

Wells:

Fracking:

Pipelines:

Bakken economy:

Commentary:

Odds And Ends Around The Bakken -- November 26, 2021

Nine Point takes this well off line:

  • 24546, IA/485, Nine Point Energy/Triangle Petroleum, Dwyer 150-101-35-26-1H, Rawson, t5/13; cum 42K 8/13; cum 184K 7/21; goes off line 7/21; neighboring wells on same pad are also being taken off line: #26231 and #26230;

Is EOG taking this well off line?

  • 21406, 1,355, EOG, Liberty 25-0107H, Parshall, t4/13; cum 469K 10/20; cum 493K 9/21; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202111807722840171015890
BAKKEN8-202131300030002296495345770
BAKKEN7-202121173616791653293126820
BAKKEN6-202128113511681127234420040
BAKKEN5-202131167116651379333229560

This is a lousy well. Does CLR have something in mind for this well?

  • 24935, 216, CLR, Tangsrud 7-1H3, Hayland, t10/13; cum 48K 9/19; cum 51K 9/21;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-2021715419713104193324
BAKKEN8-2021214583905588996617
BAKKEN7-20211283841970
BAKKEN6-20211480114792971341
BAKKEN5-202125153126345452559
BAKKEN4-20213013712437384301

Coming off line for a reason? The well:

  • 24981, 2,559, BR, CCU Four Aces 44-21TFH, Corral Creek, t11/13; cum 235K 9/19; cum 260K 92/1; 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202129695214957123
BAKKEN8-20213881566295940
BAKKEN7-20213116711646130916101242359
BAKKEN6-20213016751688132918081607192
BAKKEN5-20213114251393171214901348136

Hess Reporting Wells With Halo Effect? November 26, 2021

Updates

November 27, 2021: see comments. A reader cites a source saying these wells were re-fracked. I assumed they were; when the "jump" is this huge, it's "always" due to a re-frack.

Original Post

Alkali Creek is well known for wells with "halo effect," but this is unusual for Hess, reporting wells with "halo effect."

This well, huge increase in production:

  • 23445, 1,127, Hess, EN-Pederson 154-94-0409H-5, Alkali Creek, t8/13; cum 35K 8/13; cum 300K 9/21; most recent sundry form back in 2019;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20213024234239731615341269265
BAKKEN8-202100340000
BAKKEN7-202100270000
BAKKEN6-20214129212733143140
BAKKEN5-20213117721755829290229020
BAKKEN4-20211711511126457150015000
BAKKEN3-2021219821062428181318130
BAKKEN2-20212514911455565211021100
BAKKEN1-20212716011607715252425240

This well, too early to tell, but certainly looks nice.

  • 23446, 1,164, Hess, EN-Pederson 154-94-0409H-4, Alkali Creek, t7/13; cum 260K 10/20; cum 276K 92/1; 6,916 bbls over 12 days extrapolates to 17K over thirty days -- compare to 1,500 bbls before it went off line:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-2021126916684113441376483757375
BAKKEN8-202100390000
BAKKEN7-202100300000
BAKKEN6-2021614719604754750
BAKKEN5-20213114561449219318731870
BAKKEN4-20213010041053409235823580
BAKKEN3-20213115471516452310631060
BAKKEN2-20212410571053328201520150
BAKKEN1-20212513771347391299829980

Other wells on this six-well pad:
  • 17099, taken off line 6/21; 355, Hess, EN-Pederson-154-94-0409H-1, Alkali Creek, t8/08; cum 189K 5/21;
  • 23448, taken off line 6/21; 792, Hess, EN-Pederson-154-94-0409H-2, Alkali Creek, t1/13; cum 233K 5/21; also appears to have halo effect;
  • 23447, taken off line 1/20; 829, Hess, EN-Pederson-154-94-0409H-3, Alkali Creek, t1/13; cum 225K 1/20; also appears to have halo effect; 4,393 bbls over 7 days, 9/21 extrapolates to 19K bbls over 30 days;
  • 23444, PNC, Hess, EN-Pederson 154-94-0409H-6, Alkali Creek,

BR Remains Active In The Bakken -- Random Update Of The Cleo Wells -- November 26, 2021

Why is BR taking these wells off line? Because wells coming up from the south are being drilled:

BR taking this nice well off line, it goes inactive:

  • 24993, 2,952, BR, Cleo 41-1TFH, Croff, t9/13; cum 87K 6/14; cum 330K 7/21;

BR taking this nice well off line, it goes inactive:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20210000000
BAKKEN8-202100880000
BAKKEN7-202121763833342264625772
BAKKEN6-202130162715867585060495316
BAKKEN5-202127189719008364426431923
BAKKEN4-20212419281923658360635310
BAKKEN3-2021312166217291832492418733
BAKKEN2-2021282018194988622801563621
BAKKEN1-202111862810628947696214

24992, IA/2,736, BR, Cleo 41-1MBH, Cross, 2 sections; t9/13; cum 420K 10/20; went off line 6/21; cum 428K 9/21;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20210000000
BAKKEN8-20210000000
BAKKEN7-2021001070000
BAKKEN6-202123109911282411772167627
BAKKEN5-2021312200211470742283467664
BAKKEN4-202130809785688333432400
BAKKEN3-20212149146595184768893
BAKKEN2-20210040000
BAKKEN1-2021665224481681480
BAKKEN12-20203117801789861295628530
BAKKEN11-202030188818584202854274613

The wells coming in from the south that are being drilled:
37073,
37074,
37075,
37076,
37077,

Really? It's That Bad? Voting For Biden Was An Open-Book Test -- November 26, 2021

Link to ISO NE.

Wow, they're reading the blog ... but we've been talking about this for years. Over at Fox Business:

On a Friday holiday, I assume in New England, where few actually showed up at work and all universities are closed for the Thanksgiving break, electricity prices are in the 5th decile in Maine (which I seldom see at the high end compared to Massachusetts), New Hampshire ("first to vote in the nation"), eastern Massachusetts (to include Boston). And it's not even winter yet, and as noted it's pretty much a holiday. 

Decile: scale of ten.

  • 1 - 4: least expensive
  • 5: not cheap
  • 6: expensive
  • 7-9: really expensive
  • 10: Armageddon

I suppose all the malls have all their lights on and cash registers "on."  

Reported a couple of weeks ago: New England will be increasing their imports of crude oil from Russia this year. 

Back to the article:

BANGOR, Maine – Mainers, who heavily rely on home heating oil to survive the winter, told Fox News they're already being forced to make difficult decisions due to inflation.

"We nudge our thermostat down lower and lower during the day, trying to save some money there," 63-year-old Cindy Lavertu, of Bangor, said. "I've never worried before. I've never worried about getting supplies like right now. I've never stocked up before.

"I just know that I did not have these types of problems before President Biden took office," Lavertu continued. "I didn't have these concerns. I [attribute] it 100% to Washington, D.C."

Last week, the average cost of heating oil in Maine was $3.16 per gallon, up from $1.90 a year ago, according to the governor's office. The Energy Information Administration forecasts it will increase to almost $3.50 by next year.
Two thoughts come to mind:
  • banning all those pipelines; and,
  • voting for Biden was an open-book test.

*******************************
US Grant

Incredibly coincidental.

One of the few things about which I should know so much, I know so little: the US Civil War. I cannot explain it. I assume I had US History I in eighth grade and US History II in my junior year of high school, but I absolutely don't remember either course, or the instructors. Nothing. Nada. 

In eighth grade, I had the most wonderful literature teacher and I was probably more interested in literature than history. Of course, science and math were much more interesting.

In eleventh grade, my favorite (and as far as I was concerned, my only) subject was chemistry. I assume I was taking algebra II but I don't recall. But I certainly had no interest in history.

A few years ago, I suddenly had the urge to study the US Civil War after "discovering" US Grant's memoirs. 

And that's what I'm working on today in the "bat cave."

It's a coincidence because of this. I subscribe to only one hard copy of anything: The Claremont Review of Books. The essays on politics completely bore me but the book reviews are wonderful. The most recent issue that I received the day before Thanksgiving: "On and Off the Pedestal," Victor Davis Hanson, subscription required.

More on the essay elsewhere. 

However, a new legal term for me from the essay: nolle prosequi.

To dismiss, as in: "With the Big 3 giving in to the UAW on the matter of vaccinations, it's long beyond time to for Bandon to offer a nolle prosequi of his executive mandate. 

Not quite perfect, but it will help me remember the phrase and the definition.

Used in a sentence, "Based on overwhelming division this has caused the nation. the administration nol prosses the vaccine mandate." Link here. Also nol-pros. Link here.

*****************************
Brothers

Strolling around the house, hand-in-hand, the day after Thanksgiving:

Off To The "Bat Cave." More Blogging Later -- November 26, 2021

From Javier Blas:

It's a perfect cocktail: extreme fears about the new covid variant in one of the lowest liquidity days of the year, plus Brent breaking below key support (100-moving day average) and lots of negative gamma kicking in. And you have a flash crash.

From Twain's Mjustache

The selling in /CL seems a bit overdone...LOL.

From Stephen S:

  • US LNG exports hit a record high.
  • Natural gas pipeline flow to LNG export facilities rose to 12.3 bcf on Thursday, the highest ever.
  • Flows to Sabine Pass jumped after Train 6 began producing LNG earlier this week

From NIck DuCate:

The media & politicians have done such a good job instilling fear in everyone that markets are ignoring the fact that Merck & Pfizer both have highly effective antivirals available now. Major cap-ex investments will be further delayed setting up higher prices next year & beyond.

This is like announcing a new pneumococcal bacterium and forgetting we have penicillin. LOL.

From Oil & Gas Journal:

EOG Resources plans its first move into Australia following acquisition of Western Australian Bonaparte Gulf permit WA-488-P containing the Beehive prospect from Melbana Energy. Direct to article.

This pretty much says it all, from Bismarck Tribune

a light day of testing on Thanksgiving led to only 174 new Covid-19 cases being confirmed in North Dakota, down from an average of 619 the previous three days. I don't think the writers / editor caught the irony. LOL. Link here

And finally:

What agency is warning folks about the new variant? WHO.

What country controls WHO? China.

What country is facing a huge energy crisis. Let's change that. What country was facing a huge energy crisis? LOL.

Okay, one more:

Look At The Map: Investors With A Long Time Horizon Are Going To Do Just Swell -- November 26, 2021

Connecting the dots: European governments losing control of the narrative last week with regard to Covid. Mass riots across the continent. What the governments needed was a "Nu" variant. LOL.

This, too, will pass. That SPR release came just in time. OPEC won't be raising production when they meet next week with oil crashing. 

Investors: those with a long term horizon ..... say, thirty days ... will do just fine.

WTI: plummets but natural gas up 3.6%. Look at the map

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

Over at Fox Business today: fracking powers Williston to fastest-growing micro area in America. 


Active rigs:

$68.54
11/26/202111/26/202011/26/201911/26/201811/26/2017
Active Rigs2314576253

No wells coming off the confidential list Wednesday, Thursday, Friday, or Saturday, November 24, 2021 - November 27, 2021.

RBN Energy: journey to decarbonization a tricky path for crude oil, natural gas and NGLs.

These are troubled times, as the song says, caught between confusion and pain. Following the COVID trauma of 2020, oil, gas, and NGL markets are now coping with uncertainty of medium- and long-term prospects in light of energy transition rhetoric. Will we continue to see sufficient investment in the hydrocarbon-based supplies that the world needs today, or will resources be increasingly diverted toward renewable energy technologies and wider ESG goals? Finding a way to satisfy the global appetite and fuel continued recovery while planning for the future was a core theme for RBN’s Fall 2021 School of Energy: Hydrocarbon Markets in a Decarbonizing World. In today’s advertorial RBN blog, we lay out some key findings and highlights from this fall’s virtual conference.

Daily activity report, end-of-day report: the only information -- five permits renewed:

  • BR (4): two Tilton permits, one Lloyd Christmas permit, and one Scottvale permit, all in Dunn County;
  • Slawson: a Challenger Federal permit in Mountrail County;