One last look: WTI turns positive at 10:00 p.m. CT now at $110.10. Whoo-hoo.
Sunday, May 8, 2022
Focus On Fracking -- May 8, 2022
Time To Binge Watch Some Old Robert Mitchum Movies -- May 8, 2022
- U.S. shale focuses on returning capital to shareholders in 2022.
- Deloitte: the shale patch is on track for massive free cash flows of a combined $172 billion in 2022 alone.
- Several large shale producers aren’t boosting production in 2022.
We all know this, no reason for posting, but for the archives:
After years of plowing money into boosting production and thus depressing oil prices, the U.S. shale patch emerged from the pandemic-inflicted slump with unwavering capital discipline which, combined with $100+ oil, is paying off with record cash flows for American oil producers. The largest shale producers have left years of bleeding cash behind, focusing on returning capital to shareholders from the record cash flows they have been generating for several months now. As they report first-quarter figures these days, public companies vow continued disciplined spending and only modest production growth as “drill, baby, drill” is no longer shale’s primary goal.
Investors, in turn, are rewarding the discipline—most of the 20 top-returning firms in the S&P 500 year to date are oil companies, including Occidental, Coterra Energy, Valero, Marathon Oil, APA, Halliburton, Devon Energy, Hess Corporation, Marathon Petroleum, ExxonMobil, ConocoPhillips, Chevron, Schlumberger, EOG Resources, and Pioneer Natural Resources.
On a personal note, I really don't like oil this high; this is not good for America: $6-diesel and $5-gasoline, but I'm so angry with the faux environmentalists, all the Biden administration missteps, and the folks who will still vote for Biden if he runs again in 2024, I really don't care how "high" oil and natural gas go. Color me really, really angry, tonight. I guess that would be purple.
LOL. Now, to binge watch some old Robert Mitchum movies.
Holy Mackerel! Can't Wait To See Television Sports Talk Shows In A.M. -- Incrediible Weekend For Sports -- May 8, 2022
James Harden is back. Miami vs Philadelphia!
The Kentucky Derby. Just look at this race.
The golf tournament.
NASCAR: Joey Logano "bump and run."
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Earnings This Week
OXY, Rivian, Toyota, Disney.
Rvian? How Much Farther Might It Fall? May 8, 2022
Rivian: tracked here.
- how much farther will it fall Monday, May 9, 2022?
- link here; be sure to follow the comments. Most are suggesting that selling at $26 is better than selling at $0.
Amazon: Net Income 4Q21 -- $14.3 Billion; Of That, $11.8 Billiion From Rivian -- Then, Things Got Bad, 1Q22
Rivian is tracked here.
Old news, but I had not seen it before: how Rivian collapsed Amazon.
Kenny Rogers: "Know when to hold them; know when to fold them."
Wells Coming Off The Confidential List This Next Week -- May 8, 2022
Monday, May 16, 2022: 45 for the month, 110 for the quarter, 270 for one year
37901, conf, CLR, Charolais South Federal 6-10H,
37552, conf, Whiting, Lacey 13-10HU,
Sunday, May 15, 2022: 43 for the month, 108 for the quarter, 268 for one year
38570, conf, Hunt, Quill 145-93-10-3H 6,
37902, conf, CLR, Charolais South Federal 5-10H1,
Saturday, May 14, 2022: 41 for the month, 106 for the quarter, 266 for one year
38569, conf, Hunt, Quill 145-93-10-3H 5,
37903, conf, CLR, Charolais South Federal 4-10H,
37669, conf, Whiting, Lacey 14-3 3XH,
Friday, May 13, 2022: 38 for the month, 103 for the quarter, 263 for one year
38597, conf, Ovintiv, Obenour 150-99-33-28-8H,
38568, conf, Hunt, Quill 145-93-10-3H 4,
37904, conf, CLR, Charolais South Federal 3-10H2,
34339, conf, Oasis, Borden Federal 5300 14-36 9B,
Thursday, May 12, 2022: 34 for the month, 99 for the quarter, 259 for one year
38596, conf, Ovintiv, Johnson 150-99-34-27-5HLW,
38567, conf, Hunt, Halliday 145-93-15-22H 6,
Wednesday, May 11, 2022: 32 for the month, 97 for the quarter, 257 for one year
38566, conf, Hunt, Halliday 145-93-15-22H 5,
36106, conf, CLR, Gordon Federal 2-5H1,
35412, conf, Crescent Point, CPEUSC Austin 3-17-20-158N-99W-MBH,
Tuesday, May 10, 2022: 29 for the month, 94 for the quarter, 254 for one year
38565, conf, Hunt, Halliday 145-93-15-22H 4,
Monday, May 9, 2022: 28 for the month, 93 for the quarter, 253 for one year
38360, conf, CLR, Springfield FIU 10-8H1,
38239, conf, Ovintiv, Kramer 150-97-18-19-11HLW,
37702, conf, Whiting, Lacey 43-2H,
Sunday, May 8, 2022: 25 for the month, 90 for the quarter, 250 for one year
38240, conf, Ovintiv, Kramer 150-97-18-19-1HLW,
34236, conf, Oasis, Borden Federal 5300 34-36 6BX,
38361, conf, CLR, Springfield FIU 9-8H,
38241, conf, Ovintiv, Kramer 150-97-18-19-12H,
34235, conf, Oasis, Borden Federal 5300 34-36 7B,
Initial Production For Wells Coming Off Confidential List This Next Week -- May 8, 2022
The wells:
- 37901, conf, CLR, Charolais South Federal 6-10H, Elm Tree,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 401 | 0 |
- 37552, conf, Whiting, Lacey 13-10HU, Big Bend,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 25111 | 20138 |
| 2-2022 | 23433 | 16608 |
| 1-2022 | 28590 | 19638 |
| 12-2021 | 25189 | 17418 |
| 11-2021 | 3067 | 0 |
- 38570, conf, Hunt, Quill 145-93-10-3H 6 Lake Ilo, no production data,
- 37902, conf, CLR, Charolais South Federal 5-10H1, Elm Tree, no production data,
- 38569, conf, Hunt, Quill 145-93-10-3H 5, Lake Ilo, no production data,
- 37903, conf, CLR, Charolais South Federal 4-10H, Elm Tree,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 193 | 0 |
- 37669, conf, Whiting, Lacey 14-3 3XH, Sanish,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 22750 | 20766 |
| 2-2022 | 25140 | 17864 |
| 1-2022 | 17718 | 13336 |
| 12-2021 | 14310 | 10296 |
- 38597, conf, Ovintiv, Obenour 150-99-33-28-8H, South Tobacco Garden,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 7372 | 11454 |
- 38568, conf, Hunt, Quill 145-93-10-3H 4, Lake Ilo, no production data,
- 37904, conf, CLR, Charolais South Federal 3-10H2, Elm Tree,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 138 | 0 |
- 34339, conf, Oasis, Borden Federal 5300 14-36 9B, Willow Creek,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 23801 | 26312 |
| 2-2022 | 36934 | 43689 |
| 1-2022 | 34720 | 37230 |
| 12-2021 | 40670 | 33351 |
| 11-2021 | 24772 | 27745 |
- 38596, conf, Ovintiv, Johnson 150-99-34-27-5HLW, South Tobacco Garden, no production data,
- 38567, conf, Hunt, Halliday 145-93-15-22H 6, Lake Ilo, no production data,
- 38566, conf, Hunt, Halliday 145-93-15-22H 5, Lake Ilo, no production data,
- 36106, conf, CLR, Gordon Federal 2-5H1, Haystack Butte,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 18181 | 27088 |
| 2-2022 | 16847 | 31020 |
| 1-2022 | 26582 | 43645 |
| 12-2021 | 24678 | 36345 |
| 11-2021 | 20109 | 26087 |
- 35412, conf, Crescent Point, CPEUSC Austin 3-17-20-158N-99W-MBH, Ellisville, no production data,
- 38565, conf, Hunt, Halliday 145-93-15-22H 4, Lake Ilo, no production data,
- 38360, conf, CLR, Springfield FIU 10-8H1, Brooklyn, no production data,
- 38239, conf, Ovintiv, Kramer 150-97-18-19-11HLW, Siverston, no production data,
- 37702, conf, Whiting, Lacey 43-2H, Sanish,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 22903 | 18867 |
| 2-2022 | 16666 | 13077 |
| 1-2022 | 24305 | 18667 |
| 12-2021 | 19500 | 15080 |
- 38240, conf, Ovintiv, Kramer 150-97-18-19-1HLW, Siverston, no production data,
- 34236, conf, Oasis, Borden Federal 5300 34-36 6BX, Camp,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 35680 | 54899 |
| 2-2022 | 18435 | 23716 |
| 1-2022 | 26754 | 28206 |
| 12-2021 | 28965 | 20088 |
| 11-2021 | 18989 | 19598 |
- 38361, conf, CLR, Springfield FIU 9-8H, Brooklyn, no production data,
- 38241, conf, Ovintiv, Kramer 150-97-18-19-12H, Siverston, no production data,
- 34235, conf, Oasis, Borden Federal 5300 34-36 7B, Willow Creek,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 3-2022 | 40452 | 50724 |
| 2-2022 | 28147 | 34876 |
| 1-2022 | 31618 | 31957 |
| 12-2021 | 35633 | 26714 |
| 11-2021 | 31030 | 33192 |
Ford Selling Some Rivian Shares -- May 8, 2022
On April 30, 2022, the headline:
There's Going To Be Some Soul-Searching / Come To Jesus Meetings This Next Week Over At Ford And Amazon
Well, yesterday, we saw the results of those meetings. Ford is selling eight million shares of Rivian. In addition, another unnamed holder is selling between thirteen and fifteen million shares of Rivian.
Amazon?
Rivian starting to look "attractive." -- The Motley Fool.
Wait until “crowd trading” kicks in.
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Meanwhile In Kentucky
April 13, 2022: Louisville, KY
- battery manufacturer, Envision AESC
- Warren County, $2 billion
- electricity for plant, all renewable, provided by TVA