See this post from the other day.
Correspondence from a reader suggests there may be something going on in Murphy Creek oil field, specifically in the area of section 7-144 -95. The reader is being offered a lot of cash for minerals in that field. I can't find anything to tell the reader.
This is a stretch I know, but it certainly is coincidental.
See this post. CLR is putting in so many Skachenko - Meadowlark wells I've lost count.
The graphic:
CLR's Skachenko - Meadowlark wells are tracked here.
Today, six more permits, #39300 - #39305, inclusive:
Graphic:
After our latest move, and after their move, our older daughter and son-in-law "recovered" an old Apple desktop computer that I had almost two decades ago. I finally got around to booting it up again, and after putting new double-A Energizer batteries in the wireless keyboard and wireless mouse, started seeing what it cuold do.
The computer is a beautiful, beautiful, desktop iMac:
The iMac G5 is an all-in-one personal computer that was designed, manufactured and sold by Apple Computer from August 2004 to March 2006. It is the final iMac to use a PowerPC processor, making it the last model that could natively run Mac OS 9 (Classic) applications. It was replaced in January 2006 by the Intel-based iMac, which retained the features, price, and case design of the iMac G5.
The Yahoo applications appear to be no longer supported: every time I try to open Yahoo Mail, the computer crashes.
It appears I am unable to update the Safari (Apple) browser, but astonishingly, I can update the Firefox browser.
It seamlessly connected to the internet -- the whole thing was completely amazing.
It is slow, but it would still meet my needs twenty years after I bought it. See photo below; it's in the "bat cave."
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Tanis was mentioned at the blog at this post. Tanis is a fossil site in southwestern North Dakota that is ground zero for dinosaur fossils from the day the big space rock hit the earth, the beginning of the end of non-avian dinosaurs.
So, now, another story from Tanis, sent to me by a reader.
Just beneath the scrubby plains of southern North Dakota at the site of an ancient riverbed, paleontologists are hard at work digging up the end of the world as the dinosaurs knew it.
Now, they've discovered two newfound species of 66 million-year-old sturgeon that lived and died alongside dinosaurs, preserved as fossils in exquisite three-dimensional detail. Their work was published in the Journal of Paleontology on October 3, 2022.
The team found the fossils at a site called "Tanis," named after the purported last resting place of the Ark of the Covenant in the 1981 movie "Raiders of the Lost Ark."
Tanis is a section of the famous Hell Creek Formation, which spans parts of Montana, South Dakota, North Dakota and Wyoming, and it was once home to a large, deep river that fed the now-dry Western Interior Seaway that stretched from the Gulf of Mexico to the Arctic Ocean.
But one fateful day 66 million years ago, Tanis became a mass grave for thousands of ancient freshwater fish, which were smothered and buried in place in the blink of an eye, possibly in the minutes after the asteroid impact that wiped out the nonavian dinosaurs.What I find most amazing: how similar to modern day sturgeon these old ("new"?) fish are. Amazing.
Huge build:
The American Petroleum Institute (API) reported a large build this week for crude oil of 7.054 million barrels.
U.S. crude inventories have grown by roughly 28 million barrels so far this year, according to API data, while the U.S. Strategic Petroleum Reserves fell by nearly seven times that figure, at 184 million barrels.
The build in crude oil inventories was made possible by the Department of Energy’s release of 7.7 million barrels from the Strategic Petroleum Reserves in the week ending October 7, leaving the SPR with 408.7 million barrels.
In the week prior, the API reported a draw in crude oil inventories of 1.770 million barrels after analysts had predicted a much build of 1.966 million barrels.
Active rigs: 43.
WTI: $87.09. Large build reported by API. We'll see what the EIA reports tomorrow. If the EIA corroborates the 7-million-bbl build reported by API .... holy mackerel -- Saudi will have to call another emergency meeting. Refiners are sucking up that oil as fast as the Biden administration can release it.
Natural gas: $6.444
Six new permits, #39300 - #39305, inclusive:
Eight permits renewed:
One producing well (a DUC) reported as completed:
Two links: both with lots of ads. The second link is probably better:
Comments:
In September 2022, Medicare announced that 2023 Part B premiums would decrease slightly. “Since Medicare costs come out of many people’s Social Security income, the COLA applied to their benefit should be more noticeable,” says Brian Kuhn, a senior vice president and financial advisor at Wealth Enhancement Group in Fulton, Maryland.
So, whatever your current monthly SS check is, multiply by 1.08 to get an idea of what your new SS check will be.
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McDonald's
McDonald's Big Mac:
Inflation. Price of McDonald's "Big Mac" over the decades -- Big Mac alone (Big Mac Meal):
On my McDonald's App on my iPad right now: still breakfast. Big Mac not yet available for the day. Will check later.
EIA weekly petroleum report: released tomorrow.
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Auto Supply
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Russian Economy Imploding
EOG: interesting data point but some context needed.
Apple, Inc:
Intel: cutting thousands of jobs to cut costs. Probably corporate / front office, not software engineers.
Retailers: still in disarray. "Wrong merchandise" on the floor.
Disneyland: Disney raises prices in southern California theme park. LA Times.
Dividend note: Cardinal Energy Ltd (Canada) confirms new dividend rate for October, up 20% to six cents; yielding 8.6%.
Politics: Tulsi Gabbard truly confused.
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Back to the Bakken
The Far Link: link here.
Active rigs: 41.
WTI: $88.97
Natural gas: $6.714.
No wells coming off confidential list today.
RBN Energy: project eyes using ethanol to make bioethylene, renewable alkylate, SAF, part 2.
In these uncertain times, with the energy transition in flux and a recession looming, it takes moxie for a company to make a major capital investment in an energy-related project, especially one that could arguably be called the first of its kind.
But that’s what’s happening at a site along the Houston Ship Channel (HSC) in Pasadena, TX, where Next Wave Energy Partners, which is now completing an ethylene-to-alkylate plant, is planning an adjoining ethanol-to-ethylene facility that will enable the company to produce bioethylene, renewable alkylate and/or sustainable aviation fuel (SAF), depending on market demand, production economics and other factors.
In today’s RBN blog, we discuss the ins and outs of Next Wave’s Project Lightning.
In part 1, we took an in-depth look at the company’s 28-Mb/d ethylene-to-alkylate plant — dubbed Project Traveler — which during the coming driving season will start producing pure alkylate, an octane-boosting gasoline blendstock, from NGL-based ethylene.
More specifically, the plant’s dimerization unit reacts ethylene to form butylene, and its alkylation unit reacts isobutane with butylene to form pure alkylate, with no material byproducts. The thinking behind the project is that a combination of NGL production growth and new Gulf Coast ethylene supply — plus increasing demand for alkylate — would be a win-win-win for ethylene producers, refiners and Next Wave itself.
We noted that high octane, low Reid vapor pressure (RVP) and low sulfur content are three of the most desirable qualities for gasoline blendstock, and alkylate (typically produced as part of the crude oil refining process and representing about 15% of the total gasoline pool) has perhaps the best combo of the three.
