The wells:
The AN-Gudbranson wells are tracked here. These are very, very good wells.
The well:
Recent production:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 6-2022 | 30 | 2484 | 2468 | 1271 | 7201 | 6828 | 0 |
| BAKKEN | 5-2022 | 30 | 2765 | 2779 | 1386 | 6502 | 5890 | 234 |
| BAKKEN | 4-2022 | 19 | 1659 | 1767 | 821 | 4280 | 3887 | 158 |
| BAKKEN | 3-2022 | 31 | 3218 | 3191 | 1703 | 7326 | 6239 | 652 |
| BAKKEN | 2-2022 | 28 | 3005 | 2924 | 1676 | 6726 | 4639 | 1694 |
| BAKKEN | 1-2022 | 20 | 1449 | 1408 | 857 | 3266 | 1837 | 1220 |
| BAKKEN | 12-2021 | 5 | 96 | 93 | 145 | 267 | 113 | 128 |
| BAKKEN | 11-2021 | 18 | 1575 | 1554 | 974 | 3789 | 3383 | 177 |
| BAKKEN | 10-2021 | 24 | 1998 | 1988 | 1032 | 4944 | 4262 | 399 |
| BAKKEN | 9-2021 | 30 | 2756 | 2679 | 1514 | 6501 | 6112 | 0 |
| BAKKEN | 8-2021 | 31 | 2986 | 2936 | 1683 | 7077 | 6720 | 0 |
| BAKKEN | 7-2021 | 31 | 3094 | 3261 | 1728 | 7514 | 7151 | 0 |
| BAKKEN | 6-2021 | 30 | 3161 | 3121 | 1805 | 7086 | 6726 | 0 |
| BAKKEN | 5-2021 | 31 | 3424 | 3342 | 1892 | 6530 | 6025 | 125 |
| BAKKEN | 4-2021 | 30 | 3479 | 3685 | 2066 | 6507 | 6074 | 53 |
| BAKKEN | 3-2021 | 31 | 3883 | 3793 | 2224 | 7089 | 6680 | 0 |
| BAKKEN | 2-2021 | 28 | 3517 | 3509 | 1918 | 4836 | 2850 | 1625 |
| BAKKEN | 1-2021 | 31 | 3957 | 3888 | 2370 | 5646 | 5235 | 0 |
| BAKKEN | 12-2020 | 31 | 4041 | 4166 | 2420 | 5115 | 4635 | 63 |
| BAKKEN | 11-2020 | 30 | 3733 | 3682 | 2399 | 4358 | 3666 | 298 |
| BAKKEN | 10-2020 | 24 | 3758 | 3638 | 2889 | 5395 | 4840 | 209 |
| BAKKEN | 9-2020 | 30 | 5924 | 6133 | 4626 | 8110 | 7322 | 273 |
| BAKKEN | 8-2020 | 31 | 6268 | 6217 | 4545 | 7905 | 6375 | 990 |
| BAKKEN | 7-2020 | 30 | 5739 | 5549 | 4449 | 3078 | 0 | 2581 |
| BAKKEN | 6-2020 | 29 | 3137 | 3251 | 3051 | 2914 | 0 | 2565 |
| BAKKEN | 5-2020 | 31 | 1705 | 1536 | 1818 | 1771 | 0 | 1483 |
| BAKKEN | 4-2020 | 30 | 2083 | 2183 | 2731 | 2147 | 0 | 1844 |
| BAKKEN | 3-2020 | 19 | 717 | 625 | 2186 | 1203 | 0 | 1052 |
| BAKKEN | 2-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 1-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 12-2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 11-2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 10-2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 9-2019 | 0 | 0 | 55 | 0 | 0 | 0 | 0 |
| BAKKEN | 8-2019 | 14 | 818 | 928 | 376 | 1456 | 1294 | 38 |
| BAKKEN | 7-2019 | 31 | 2232 | 2250 | 483 | 3881 | 3530 | 33 |
| BAKKEN | 6-2019 | 30 | 2040 | 1947 | 468 | 3542 | 3223 | 18 |
| BAKKEN | 5-2019 | 31 | 2231 | 2207 | 502 | 3862 | 3544 | 0 |
| BAKKEN | 4-2019 | 30 | 2115 | 2210 | 475 | 3340 | 2934 | 106 |
| BAKKEN | 3-2019 | 31 | 2187 | 2299 | 453 | 3307 | 36 | 2956 |
| BAKKEN | 2-2019 | 28 | 1988 | 1981 | 447 | 4032 | 960 | 2794 |
| BAKKEN | 1-2019 | 31 | 2253 | 2120 | 467 | 3439 | 0 | 3120 |
WTI: $93.06.
Natural gas: $9.296.
Active rigs: 46.
Five new permits, #39201 - #39205, inclusive:
Two producing wells (DUCs) reported as completed:
From daily activity report, August 26, 2022
Change of operator, from XTO Energy to CLR.
The well:
Recent production:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 6-2022 | 30 | 2545 | 2362 | 2205 | 40128 | 37431 | 42 |
| BAKKEN | 5-2022 | 25 | 2270 | 2331 | 2117 | 37340 | 34724 | 79 |
| BAKKEN | 4-2022 | 23 | 1593 | 1550 | 1142 | 24190 | 20840 | 1795 |
| BAKKEN | 3-2022 | 31 | 2592 | 2587 | 1891 | 33181 | 29377 | 1581 |
| BAKKEN | 2-2022 | 28 | 2704 | 2762 | 2194 | 17443 | 11932 | 4573 |
| BAKKEN | 1-2022 | 31 | 3067 | 3002 | 3056 | 51588 | 41400 | 6876 |
| BAKKEN | 12-2021 | 31 | 2487 | 2624 | 3097 | 38362 | 35508 | 135 |
| BAKKEN | 11-2021 | 30 | 2246 | 2175 | 2974 | 45300 | 42031 | 142 |
| BAKKEN | 10-2021 | 31 | 2243 | 2305 | 2760 | 52071 | 42008 | 7034 |
| BAKKEN | 9-2021 | 30 | 2833 | 2965 | 2921 | 50104 | 35471 | 11935 |
| BAKKEN | 8-2021 | 31 | 3459 | 3272 | 3110 | 47097 | 34427 | 10034 |
| BAKKEN | 7-2021 | 31 | 2588 | 2682 | 3305 | 31258 | 23056 | 6528 |
| BAKKEN | 6-2021 | 30 | 2245 | 2014 | 2809 | 27531 | 23825 | 2061 |
| BAKKEN | 5-2021 | 31 | 2496 | 2618 | 2990 | 29664 | 26483 | 1353 |
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 6-2022 | 20 | 15473 | 15252 | 16861 | 19315 | 19287 | 0 |
| BAKKEN | 5-2022 | 31 | 0 | 94 | 0 | 0 | 0 | 0 |
| BAKKEN | 4-2022 | 18 | 94 | 0 | 11137 | 113 | 50 | 0 |
| BAKKEN | 3-2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
The Cleofill wells:
In the area:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 6-2022 | 30 | 4578 | 4167 | 3100 | 5500 | 5216 | 74 |
| BAKKEN | 5-2022 | 31 | 3678 | 3656 | 3636 | 3917 | 3597 | 111 |
| BAKKEN | 4-2022 | 30 | 1926 | 2010 | 1989 | 2186 | 1843 | 133 |
| BAKKEN | 3-2022 | 27 | 1056 | 847 | 1953 | 1050 | 588 | 280 |
| BAKKEN | 2-2022 | 28 | 1454 | 1466 | 1158 | 1876 | 1656 | 24 |
| BAKKEN | 1-2022 | 20 | 940 | 867 | 943 | 1084 | 570 | 376 |
| BAKKEN | 12-2021 | 24 | 951 | 944 | 847 | 1447 | 760 | 551 |
A reader asked for my thoughts on bicycles.
I have bought about eight different brand bike brands over the past decade, all in the range of $300 to $700, but I last bought a bike about three years ago. I don't recall ever paying more than $750; most in the $649 - $699 range.
I assume prices have gone up significantly. I haven't been in a bike shop in the past year, except to buy a new bike at REI.
With the REI exception, I quit buying bikes during the "year of the plague" because my favorite bike retailer was unable to get bicycles (supply chain issue) and he eventually closed (in 2020).
There are many, many bicycle retailers in the local area. There is no problem finding bicycles in the $2,000 price range and higher. But I would never pay that much.
The challenge is finding bicycles in the $700 range or lower.
Link here (2022).
Of the bikes mentioned at the link, I've had one of each of the following, and can recommend any of them:
Bikes not mentioned that I have bought:
Other links:
**************************************
Waiting For Jay Powell
Updates
Later, 3:26 p.m. CT after market close: Dow falls 1,000 points and NASDAQ slumps 4 percent. Whoo-hoo.
Original Post
I am an investor, not a trader.
I am always 100% invested. Minus a very small cash position for unexpected bills.
30-year horizon. I will never "see" my portfolios: it all goes to daughters and grandchildren.
I have a revenue stream to allow monthly investment, which I do in two tranches:
My allocation mix changes over time.
My current allocation mix:
It's becoming more difficult to maintain that mix on a monthly basis.
Posted for the archives, so my family understands my investment "mood." For no other reason.
Disclaimer: this is not an investment
site. Do not make any investment, financial, job, career, travel, or
relationship decisions based on what you read here or think you may have
read here. Full disclaimer at tabbed link.
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.
*********************************
The Book Page
General and Governor Lew Wallace.
***************************
Sewing Machines and Handguns
Interchangeable parts.
Updates
December 19, 2022: link here.
Original Post
Most important data point is at this link. See if you can spot it.
Electricity rates, June/July, 2022, timeframe. From government sources, generally, the BLS:
The 26 cents per kWh that Boston households paid for electricity in June 2022 was 62.5 percent higher than the nationwide average cost of 16 cents per kWh. Last June, electricity costs in Boston were 61.3 percent higher than the nation. Boston area electricity costs have exceeded the national average by at least 57.6 percent over the past five Junes.
The 24.4 cents per kWh Los Angeles households paid for electricity in July 2022 was 47.0 percent more than the nationwide average of 16.6 cents per kWh. Last July, electricity costs were 54.5 percent higher in Los Angeles compared to the nation. In the past five years, prices paid by Los Angeles area consumers for electricity exceeded the U.S. average by 30.9 percent or more in the month of July.
Gasoline prices, link here, at the link, scroll down, averages, regular, July, 2022 vs one year earlier, July, 2021:
Gasoline prices, last month, June, 2022, in which gasoline prices hit record before dropping back:
With much longer commutes, Los Angelos are spending upwards of $2.00 / gallon more for gasoline than Texans.
***************************
California Electric Grid
The Far Side: link here.
WTI: $92.52. OPEC is creating its own volatility.
Natural gas: $9.375.
Monday, August 29, 2022: 19 for the month, 50 for the quarter, 389 for the year
None.
Sunday, August 28, 2022: 19 for the month, 50 for the quarter, 389 for the year
None.
Saturday, August 27, 2022: 19 for the month, 50 for the quarter, 389 for the year
37696, conf, BR, Lone Beaver 5-1-17TFH,
Friday, August 26, 2022: 18 for the month, 49 for the quarter, 388 for the year
38367, conf, CLR, Fuller 3-2H,
RBN Energy: producers of renewable diesel, sustainable aviation fuel to gain from new climate bill, part 2. link here.
Conversations about decarbonization and the energy transition often turn to the transportation sector, which accounted for about 27% of U.S. greenhouse gas (GHG) emissions in 2020. Electric vehicles typically dominate these talks, but alternative fuels like renewable diesel (RD) and sustainable aviation fuel (SAF) also come up, not only because of their lower emissions but also because they are considered “drop-in” replacements for conventional diesel and jet fuel. Policies at the state and national level have already encouraged some production growth, but a tax credit established as part of the recently enacted Inflation Reduction Act (IRA) provides a major incentive for cleaner fuels. In today’s RBN blog, we look at the new 45Z Clean Fuel Production Credit (CFPC), how it will impact the production of RD and SAF, and why facilities that can produce fuels with the lowest carbon intensity (CI) stand to benefit the most.
The IRA, which was signed into law August 16, includes several of President Biden’s biggest clean energy priorities. A promise to reduce fossil-fuel usage and GHG emissions and promote the development of a clean-energy industry was a key part of Biden’s 2020 campaign and he took several actions shortly after taking office, but passage of the IRA is by far the most significant development. To date, the main incentive for RD producers has been the federal Blender’s Tax Credit (BTC). The BTC was established under Section 40A of the Internal Revenue Code and provides a tax credit of $1/gal for biodiesel or RD included in a “qualified biodiesel mixture” that is either used or sold as a fuel. RD, like biodiesel, is a biomass-based fuel that can be burned in diesel engines or used as heating oil for homes. Those federal tax credits, along with policies like California’s Low Carbon Fuel Standard (LCFS), have played key roles in the development of alternative transportation fuels like RD and SAF (see our Come Clean series). The BTC was set to expire at the end of 2022, but the IRA’s passage has extended its life by two years, with RD now eligible for the credit until the end of 2024.