Hunt With Two New Permits For Alexandria Wells In Divide County -- October 20, 2022

Active rigs: 43.

WTI: $85.98.

Natural gas: $5.358.

Three new permits, #39325 - #39327, inclusive:

• Operators: Hunt (2); Hess (1)
• Fields: Alexandria (Divide County); the Hess permit was for a SWD, Ross field, Mountrail County
• Comments:
• Hunt has permits for two Alexandria wells, SESE 22-161-100; 
• to be sited at 299 FSL and at 579 FEL and at 549 FEL

Something(s) To Think About -- October 20, 2022

While waiting for the end-of-day report, three random stories, screenshots only.

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I-10 Charging Stations (This Is A Biggie)

Several links on the blog that connects the dots, but start here. For investors, this is another open-book test.

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Gas Price Worries Within The Context Of The Midterms

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Is This Foxconn's Shot Across the Apple Bow?

Off Net Net For Awhile -- Picking Up Sophia At The Bus Stop And Then Going On A Picnic -- October 20, 2022

In the meantime, a most important thread for investors: link here.

Someone's Reading The Blog -- The Multi-Year Bull Market -- October 20, 2022

I'm re-posting the entire post from October 18, 2022.

Updates

October 20, 2022: link here.

Original Post

There are graphs out there that tell us -- historically -- how long it takes the stock market to recover to its previous "highs," after the Fed starts raising rates.

The steeper / faster the Fed raises rates, the longer it takes.

Going back to the steepest / fastest Fed rate increase it took 502 days to get back to market highs.

The current Jay Powell fed rate increase (JPFRI) is much steeper than anything we've seen historically.

So, perhaps the 502-day-stretch will be closer to 365 x 1.5 = 550 days.

The JPFRI began in March, 2022:

March 15 is the 74th day of the year.

• 74 +365 = March 15, 2022 = 439 days.
• 550 - 439 = 111 days
• 74 + 111 = 185th day of the year = July 4.

550 days after March 15, 2022, will bee July 4, 2024, the day the market gets back to where it was prior to the JPFRI cycle. 

It doesn't matter whether we've reached "bottom" yet or not. The "trick" is simply to keep accumulating shares while they are "cheap" in anticipation of the next bull market.

The next bull market will begin a lot sooner than when the market gets back to "even."

Be that as it may, we have until July 4, 2024, to accumulate shares in the US market before the market gets back to "where it was."

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An Opportunity Of A Lifetime

Link here.

Abbreviated 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.

From The November, 2022, NDIC Hearing Dockets -- Iron Oil Operating Getting Very Active

 Link here.

Note: there may be many typographical and content errors in the screenshot above. I'm trying out a new format. I will check the data and correct as necessary over the next couple of days.

The spreadsheet may have its problems, but it sure makes it easier to see how many wells and how many drilling units are being discussed. I'm trying not to double-count drilling units or the number of wells on each drilling unit.

But the spreadsheet suggests that Iron Oil is requesting to create and establish seven new 1920-acre drilling units in the area of the following fields: Little Tank, Bear Butte, Bully, and Red Wing Creek.

Again, I may have this wrong. 

In each of the 1920-acre drilling units Iron Oil Operating wants a total of five horizontal Bakken wells.

The NDIC, November, 2022, Hearing Dockets Are Posted

With the new spreadsheet format there are likely to many typographical and content errors. 

Link here. 

The NDIC hearing dockets are tracked here.  

The usual disclaimer applies. As usual this is done very quickly and using shorthand for my benefit. There will be factual and typographical errors on this page. Do not quote me on any of this. It's for my personal use to help me better understand the Bakken. Do not read it. If you do happen to read it, do not make any investment, financial, job, relationship, or travel plans based on anything you read here or think you may have read here. If this stuff is important to you, and I doubt that it is, but if it is, go to the source.

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Wednesday, November 16, 2022

				Wednesday	November 16, 2022
Case	Part	Field	Pool	Comment	Operator	C/E	Existing	Size of Unit	T	R	Sections	#	County
29679		Ranch Coulee		Relief	Ovintiv
29680		Murphy Creek			MRO	1		1920	145	96	21 - 28 - 33	4	DUN
29680	I	Murphy Creek			MRO	1		1920	145	96	22 - 27 - 34	4	DUN
29680	I	Murphy Creek			MRO	1		3840	145	96	21 - 22 - 28 - 27 - 28 - 33 - 34	1	DUN
29681		Little Knife		Injection Waste	Petro-Hunt
29682		Stanley		Commingling	Hess
29683				Commingling	Hess
29684				Commingling	Hess
29685		Stanley			Murex		1	1280	155	91	17 - 20	10	MNT
29686				Commingling	Whiting
29687				Commingling	Whiting
29688				Commingling	Whiting
29689		Ft Buford			Prima Exploration		1	960	153	104	26 - 35 - 27 - 34	3	WMS
29690		Alexander		Commingling	Grayson Mill

 

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Thursday, November 17, 2022

				Thursday	11/17/2022
Case	Part	Field	Pool	Comment	Operator	C/E	Existing	Size of Unit	T	R	Sections	#	County
29691		Little Tank et al			Iron Oil Operating	1		1920	148	102	1 - 12 - 13	5	MCK
29691		Bear Butte et al			Iron Oil Operating	1		1920	148	102	2 - 11 - 14	5	MCK
29691						1		1920	148	101	5 - 8 - 17	5	MCK
29691						1		1920	148	101	6 - 7 - 18	5	MCK
29691
29692		Bully			Iron Oil Operating	1		1920	148	100	4 - 9 - 16	5	MCK
29693		Bear Butte et al			Iron Oil Operating	1		1920	148	101	1 - 12 - 13	5	MCK
29693		Red Wing Creek et al			Iron Oil Operating	1		1920	148	101	2 - 11 - 14	5	MCK
29694		Parshall			EOG	1		2560	155	90	35	2	MNT
29694		Parshall			EOG			2560	154	90	1 - 2 - 12		MNT
29695		Upland			CLR	1		1920	161	96	2 - 11 - 14	3	DIV
29695		Upland			CLR	1		1920	161	96	34 - 26 - 36	3	DIV
29696		Green Lake		Pooling	Hunt Oil
29697		Lone Treee		Commingling	Enerplus
29698		Parshall			EOG		1	1920	155	90	34	2	MNT
29698		Parshall			EOG			1920	154	90	2 - 11 - 3		MNT
29698		Parshall			EOG		1	2240	155	90	28 - 33 - 34	2	MNT
29698		Parshall			EOG			2240	154	90	3		MNT
29699		Upland		Pooling	CLR
29700		Upland		Pooling	CLR
29701		Jim Creek		SWD	CLR
29702		Enget Lake Field		SWD	Liberty Midstream Solutions