Buffett -- May 25, 2022

 Link here.

Market And NDIC Daily Activity Reports Now Being Posted -- May 25, 2022

Gasoline demand, link here: 

Russia, link here:

Deere increases its dividend by about eight percent, and coming earlier than expected, I suppose. 

• That speaks volumes about the "health" of the American farmer and the regional banks that back them up. LOL. 

Not to be outdone, MNRL: 

One of America's biggest refiners, MPC, hit a 52-week intra-day high before dropping back just a bit. And MPC hasn't increased its dividend since February, 2020. 

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Back to the Bakken

WTI: about $110.10.

Active rigs: 39 or thereabouts. 

NDIC is back! Daily activity reports are being loaded!

May 24, 2022:

• One new permit; eight permits renewed; one producing well, a DUC, reported as completed.

May 25, 2022:

• Five new permits.

Summary of those two daily activity reports:

Six new permits, #38974 - #38979, inclusive:

• Operators: BR (1), Grayson Mill (5)
• Fields: Todd (Williams County); North Fork (McKenzie County)
• Comments:
• Grayson Mill has permits for three Oneill wells and two Dave Arnson wells, 
• to be sited in NWNW 17-154-101; between 321 FNL and 385 FNL and between 291 FWL and 441 FWL
• BR has a single permit for a Saddle Butte well in SESE 9-149-96; 230 FSL and 1147 FEL

Eight permits renewed:

• XTO (7): four GBU Wayne permits, and three GBU Kelly permits, all in Williams County;
• Hess: one EN-State permits in Mountrail County

The one DUC reported as completed:

• 32427, 61, BR, Phantom Ship 3B MBH, McKenzie County
  

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The Music Page

I'm in my Roy Orbison phase again. Most of what follows has been on the blog before in one form or another.

Best female singer in my lifetime: Linda Ronstadt.

Best male singer in my lifetime: Roy Orbison.

Many interviews available on YouTube: this is pretty good. "One-to-one interview, 1992." 

Perhaps best music video ever: "Black and White Night."

Amazing, the singers with whom he worked or collaborated. I forgot about Jennifer Warnes, but there she is, one of the three women backup singers, "Black and White Night."

Inducted into the Rock and Roll Hall of Fame, 1988.

Died, 1988. December 6, 1988. 

"Traveling Wilburys, Vol 1" (1988) and "Mystery Girl," his last album, 1988.

Mystery Girl is the twenty-second album by American singer Roy Orbison. It was his last album to be recorded during his lifetime, as he completed the album in November, 1988, a month before his death at the age of 52, and it was released posthumously by Virgin Records on January 31, 1989.

Roy was not on the second Traveling Wilburys album. 

Don Was. The last album.

Barbara Orbison. Amazing. Happenstance. Married Roy when she was 17 years old. German.

"King of Hearts." 23rd album. "Heartbreak Radio" would have been perfect for Linda Ronstadt. "Heartbreak Radio" was a Rita Coolidge album, 1981.

Wow, a flash of Disneyland flashed across my mind.

The 60's -- what a great decade for music.

Cookies And Targeted Ads -- Quite Incredible -- May 25, 2022

Updates

Later, 7:43 p.m. CT: I told this story to our "Lego-daughter." She says a Lego-friend of hers alerted her to  Lego's "Starry, Starry Night" Apparently a new item from Lego. I don't know. I will have to check. But, if so, perhaps simply coincidental. But it certainly seems not to be (coincidental).

Original Post 

Last night, Sophia wanted to paint Vincent Van Gogh's "Starry, Starry Night."

So, I googled the subject, found a copy of the painting, printed it, gave it to Sophia and she painted her picture. 

 Never gave it another thought. 

This morning, in my yahoo e-mail, this popped up:
 

Tracking technology is a whole lot more sophisticated than folks realize. When I access the Lego page, I "accept cookies." At that point, Lego can track every site I visit. I google  Vincent Van Gogh's "Starry, Starry Night" and Lego sends me a targeted ad. 

I am truly, truly impressed. 

Doesn't bother me a bit. If Lego wasn't tracking me, how would I ever know they had a "Starry, Starry Night" set? LOL.

I don't recall looking for a Lamborghini recently -- although I did some time ago -- and last week Lego sent me a targeted ad for their new Lamborghini model. Pretty impressive.

Daily Activity Report For Yesterday, Tuesday, May 25, 2022, Has Not Been Posted -- May 25, 2022

Link here.

WTI: $109.50

Active rigs: 39 or thereabouts.

Tickers of interest:

• MNRL: up 3%
• CVX: up 1.4%
• OXY: up 1%
• PSX: up 1.5%
• MPC: up 1%
• ENB: up slightly
• EPD: up 2%
• SRE: up half a percent
• EOG: up 1.4%
• DVN: up  half a percent

But even TSLA is up 4% today. 

Off the net for awhile.

EIA's Weekly Petroleum Report -- May 25, 2022

Link here.

• US crude oil inventories decreased by an unremarkable one million bbls from the previous week
• US crude oil inventories now at 419.8 million bbls are 14% below the five-year average
• US crude oil imports averaged 6.5 million bbls per day last week (yawn); down by 82,000 bpd (yawn); imports averaged 6.4 million bpd, 8.6% more than same period last year;
• US refiners are operating at 93.2% of their operable capacity
• gasoline production decreased, but distillate fuel production increased
• distillate fuel inventories increased by 1.7 million bbls last week and despite that are 21% below the five-year average
• jet fuel product supplied was up 22% compared with same four-week period last yeaer
• US crude oil supple in days dropped a bit, to 26.8 days
• gasoline demand will be reported later today

Natural Gas Just Went Over $9 — May 25, 2022

That price is at US Henry Hub.

Overseas, this story for the archives: Charles Kennedy is reporting that Russia's Yamal LNG declared force majeure on some European cargoes.