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Thursday, October 20, 2022

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?

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

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