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Monday, June 27, 2022

Monday, June 27, 2022

Updates
 
July 3, 2022: there appears to be an easy explanation for the huge increase in royalty payments noted in the first post below. The company "found" two wells going all the way back to 2013 on which the owner was due royalties.

Original Post

The Bakken: I honestly cannot explain this. 

A reader asked me if I might know something:
This particular reader generally receives less than $500 / month on his mineral holdings from a particular company. 

The last two months have been running about $350 / month. 

This month his royalty check was for $1,300.

The reader sent me a list of the operator's wells in which he owns minerals. 

Total production has decreased slightly but only slightly.

My hunch: the reader has wells of which he/she is unaware. 

Or the operator is doing very, very well with unhedged sales. LOL. 
******************************
Not The Bakken

And no one cares (except for a few creditors): Russia defaults on foreign debt for first time in 104 years. Raise your hand if you think Putin cares. LOL. 

Peter Zeihan, c. 2022: if you're not reading his book ... well, my heartfelt condolences.
  • France is in deep doo-doo, but in the short term, Germany is in even worse trouble
Apple subscribers: could be a lot more than we might think

WTI: previously posted, but now with a link --

WTI is up 2.2%, up $2.36, trading at $110.10 on the news that:

  • EIA won't be posting weekly data today
    • strange that the "systems" malfunction didn't affect reporting natural gas fill rate
  • OPEC has no spare capacity; OPEC is producing "flat out" -- French Macron after phone call to Mideast energy minister
    • since OPEC won't talk directly to Biden, he goes through his French intermediary

China re-opening. Link here.

Enbridge update and global implications: S&P Global.

Recession? Really? Link here. Apparently US manufacturers haven't gotten the memo. US core CAPEX order backlog at record high: FRED.

6 comments:

  1. Your follower might have received some uprise if their was a well drilled right on the edge (section line) of his mineral acres which gets divvyed up.. He probably made more money off the lease than he will off royalties... 10 completed wells this spring increased payments to 162K ytd, 9x 2021 total payments. That will diminish soon and ever so Thankful. Picking Grampa and Dads rocks finally paid off....smile

    ReplyDelete
    Replies
    1. You could be correct. There are so many possibilities. The reader needs to provide data from production reports, specifically, the wells (names or NDIC file number).

      Delete
  2. My checks run 2 months behind and in April, ND was hit by 2 blizzards. Usually slows things down. Expect everything to be back to normal next month. Also the possibility of halo affects from nearby fracking can cause ups and downs as well

    ReplyDelete
    Replies
    1. Thank you ... I was not aware of that ... a two-month delay. Thank you.

      Delete
    2. Not sure why but could not comment yesterday on computer via my blogger account. Yet its fine in my Kindle tablet. Consider myself fairly good at techie stuff, but sometimes it baffles me
      So, yeah Slawson/Marathon checks run two months behind.

      Delete
    3. Occasionally I have trouble replying also -- I think it was something to do with the browser being used .... it seems right now, the blogger app is optimized for Chrome. Anyway, thank you ... I was not aware that checks could run two months behind.

      Delete

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