Slawson With Three New Permits; Twenty-One Permits Renewed By Various Operators -- June 7, 2022

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Tine to clear out the in-box: very few links, just quick notes --

• Novavax: Covid vaccine; aimed at vaccine skeptics. overwhelmingly back by FDA panel; huge story; link here.
• panel of outside experts: 21 - 0 in favor; one abstention;
• for 18 years of age and older; looks like this might be my booster if meets criteria
• four vaccines now available
• huge thanks to Trump's Operation Warp Speed; Dems said it would never work; 
• Dems now overwhelmingly in favor of the vaccines; Trump's supporters, not so much
  
• timeline for final approval not provided
  

• Pfizer: $120 million to expand / upgrade an existing Michigan factory to "drastically" increase production and supply of its oral Covid-19 treatment.

• Abbott: re-starts baby formula plant; looks to have new product on shelves by June 20, 2022.

• Target: lowers its operating margin outlook to around 2% from its prior estimate of 5.3%.

• Russia: oil exports earnings set to decline on heavily discounted Urals. Link to Charles Kennedy.

• Apple: clobbered Affirm. Previously posted. Affirm: no moat; no deep pockets; no cult loyalty.

• Texas grid: set to hit all-time record; ERCOT says it can handle the demand. Power demand in Texas broke the June record on Monday, June 6, 2022 (yesterday) and looks set to keep climbing. More on this later.

• Rubbish: this is pretty cool. I said the same thing a daily earlier: these articles on "peak oil demand" are rubbish. Link here.

• GS:

Goldman boosts 3Q22 Brent ol forecast to $140 from $125. That would push WTI to $135. It's been my impression GS has been "behind" on its forecasts for quite some time now.

• Twain's Mustache: 
  

Over the last 20 years world governments have spent north of $5 trillion on "green" energy. That has taken fossil fuels share of primary energy from 86% to 84% and world oil consumption increased from 77 million barrels per day to 100 million barrels per day. Do you get it?

• Flying: it is now generally accepted that it is more cost effective to drive than to fly.

CATL: the Chinese company that dominates the EV battery industry.

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Back to the Bakken

NOG: bolt-on acquisition.

Willston Energy Chaser: link here.

Mountrail-Williams Electric Cooperative: look at this -- this helps explain why these stories are important.

Rates won’t be going up for Mountrail-Williams Electric Cooperative customers as a result of the back-to-back blizzards in April. You can thank the new cryptocurrency plant located in northwestern North Dakota for that, according to reports heard at MWEC’s annual meeting Thursday night.

North Dakota's Miss America 2018: graduates from Harvard. 

WTI: just short of $120.

Active rigs in North Dakota: 41 or thereabouts.

Slawson is getting active again. A reader noted that Slawson has two rigs in the North Dakota Bakken now.

Three new permits, #39002 - #39004, inclusive:

• Operator: Slawson
• Field: Big Bend (Mountrail)
• Comments:
• Slawson has permits for two Lunker Federal wells and one Cannonball Federal well in NWNE / NENE 33-152-91; 
• to be sited 250 FNL and between 1150 FEL and 1350 FEL

Twenty-one permits renewed:

• CLR (11): six Sodbuster permits in Williams County; four Durham permits in McKenzie County; and one Cuskelly FIU permit in Dunn County;
• Whting (6): an Armas permit; a Jeffrey permit and a Gayne permit, all in Mountrail County; a Kaldahl permit, a G Bergstrom permit, and a P Earl Rennerfeldt permit, all in Williams County;
• Bowline (2): two Gibbins permits in Willams County;
• BR: a Sequoiafill permit in McKenzie County;
• Liberty Resources: a Sundhagen C permit in Williams County

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The Book Page

My goal is to read one new book each week. 

My third week, my third book.

The fourth book has been ordered from Amazon and will arrive tomorrow. It's about the cardiovascular system as described by the ancient Greeks, c. 2022.