Previously Reported -- Updates -- December 29, 2022

TSMC: link here.

Ford: link here.

Frisco, TX, PGA Course Opens -- Cost One-Half Billion Dollars -- What A Great Country -- December 29, 2022

Frisco, TX, "Sports City, USA." Link here.

Frisco, TX: just up the road from where I live .

In spring 2023, the Professional Golfers’ Association of America’s 660-acre, $520 million mixed-use development campus is slated to open to the public.

The campus will include two 18-hole courses, an Omni Resort, golf-themed retail stores and restaurants, a driving range and a clubhouse. Everything except the headquarters building is still under construction.

In August, 2022, tickets became available for the first championship tournament to be played at PGA Frisco.

The headquarters building held a grand opening August 22, 2022. It features offices, outdoor terraces, a video studio and an indoor golf training facility that includes a chipping area, a putting area and driving range simulators.

An XTO Parent Well With A 26x Jump In Production -- December 29, 2022

The well:

• 18903, 394, XTO, Opedahl 21X-11, Capa, t8/11; cum 198K 10/22; recent production, a jump from 700 bbls to18,000 bbls represents a jump of 26x, at the wellhead, at $70/bbl --> from $49,000/month to $1.3 million:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2022	31	18303	18284	36454	24160	10949	12924
BAKKEN	9-2022	30	12126	12030	28400	21765	690	20903
BAKKEN	8-2022	19	8256	8462	23848	16511	931	15463
BAKKEN	7-2022	5	962	641	10375	1925	286	1622
BAKKEN	6-2022	0	0	0	0	0	0	0
BAKKEN	5-2022	0	0	0	0	0	0	0
BAKKEN	4-2022	0	0	0	0	0	0	0
BAKKEN	3-2022	29	474	600	794	1070	817	0
BAKKEN	2-2022	28	732	764	757	1464	1176	27
BAKKEN	1-2022	31	713	720	808	1643	1354	0
BAKKEN	12-2021	31	819	820	876	1693	1412	0
BAKKEN	11-2021	30	798	769	931	1555	1284	0
BAKKEN	10-2021	31	797	877	916	718	171	285

The map:

Five New Permits (Hess); CLR Renews Nineteen Permits; Five Permits Canceled; One DUC Reported As Completed -- December 29, 2022

Paid no federal taxes in 2020:

• 60% of American households, paid no taxes in 2020;
• neither President Trump nor his wife Melania paid any taxes in 2020
• in 2020: Jeff Bezos, Elon Musk, Warren Buffett, Carl Icahn, Michael Bloomberg, and George Soros -- among the 25 richest Americans that as a whole, paid a "true tax rate of only 3.4% -- but again, that's more than what the Trumps paid -- link.
  
• I don't even want to think how much I paid in 2020, how much in 2021 and how much I'll pay in 2022.
• The Bidens in 2020:  The President and the First Lady filed their income tax return jointly and reported federal adjusted gross income of $607,336. The Bidens paid $157,414 in federal income tax and their 2020 effective federal income tax rate is 25.9 percent. Link here.
  

Keystone Pipeline: the system is now operational to all delivery points -- source.

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Back to the Bakken

Active rigs: 46.

WTI: $78.63.

Natural gas: $4.566.

Five new permits, #39534  - #39538, inclusive:

• Operator: Hess
• Field: Manitou (Mountrail)
• Comments:
• Hess has permits for five EN-Enger wells in NENE 15-156-94; to be sited 588 FNL and between 434 FEEL and 566 FEL

Twenty permit renewals:

• Slawson: one Ripper Federal permit (Mountrail)
  
• CLR (19):
• two Schroeder permits (Williams)
• two Marleene permits (Williams)
• four Lancaster permits (McKenzie)
• one Chicago permit (McKenzie)
• two Charlotte permits (McKenzie)
• two Sacramento permits (Williams)
• one Akron permit (McKenzie)
• two Thronson permits (Mountrail)
• one Sorenson permit (Mountrail)
• two Sodbuster permits (Williams)

Five permits canceled:

• Petroshale: five Tahu permits canceled

One producing well (a DUC) reported as completed:

• 36185, 1,118, Olaf 42X-11EXF, Williams

EIA Weekly Petroleum Report -- December 29, 2022

API from yesterday:

Weekly report, link here:

• US crude oil inventories increased by 0.7 million bbls; now stand at 419.0 million bbls; 6% below the five-year average;
• US refiners operating at 92.0% of their capacity
• distillate fuel inventories increased by 0.3 million bbls; remain at 7% below the five-year average.
• jet fuel supplied was up by a whopping 8.6%;

Gasoline demand, link here:

Jet fuel delivered:

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The Apple Page

I think we may have discussed this before: the difference between OLED and LED.

In one drawing:

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Mnemonics

House: Season 1, episode 2.

Acronym: MIDNITE

• metabolic
• inflammatory
• degenerative
• neoplastic
• infection
• trauma
• environmental

Third year medical students have these in their toolkit.

Admission orders: DC Van Dissl, MD (but varies)

• diagnosis
• condition
• vital signs
  
• activity
• nursing procedures
• diet
• ins and outs
• sleep medications
• stool medications
• labs
• meds
• diagnostic tests

Physicians "learn" these in their first year of clinical medicine. They still remember them seventy years later. 

MNRL --> STR; Three Wells Coming Off Confidential List -- December 29, 2022

2023: global oil demand could surge three to four million bopd next year. Alex Kimani.

• hint: watch for May 31, 2023

MNRL --> STR:

• the announcement, September 6, 2022: link here.
• completion of merger announced, December 29, 2022: link here.
• shares, exchange: link here;

Tax selling losses:

• IRS: link here.
• social medial: link here.
  

Jobs, BLS: link here.

Market after BLS report released: link here.

The Dow Jones Industrial Average rallied 300 points Thursday after initial unemployment claims data from the Labor Department exceeded estimates. And Tesla stock surged as Morgan Stanley reiterated an overweight rating with a reduced price target.

Weekly unemployment figures showed first-time claims rose to 225,000 vs. 216,000 in the previous week, higher than Econoday estimates for a rise to 222,000. Claims have been up and down in recent weeks, but generally trending lower since a mid-November high of 241,000.

Job market is still strong, link here. 

Stocks rallied on Wall Street in afternoon trading Thursday as investors reviewed the latest government update showing that the labor market remains strong.

The S&P 500 rose 1.8% as of 1:46 p.m. Eastern. More than 95% of stocks within the benchmark index gained ground. It's the latest oscillation in what has been a volatile, holiday-shortened week for stocks.

The Dow Jones Industrial Average rose 376 points, or 1.1%, to 33,250 and the Nasdaq rose 2.6%.

Last week, the market went down because the job market was still strong. Whatever.

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Back to the Bakken

The Far Side: link here.

Active rigs: 45.

WTI: $77.64.

Natural gas: $4.442.

Friday, December 30, 2022:
37642, conf, Slawson, Genekat Federal 5-13-12TFH,

Thursday, December 29, 2022:
38956, conf, Ovintiv, Anderson Federal 152-96-9-4-13H,
38199, conf, Hess, EN-Rehak A-155-94-1423H-4,
37641, conf, Slawson, Genekat Federal 4-13-12TFH,

RBN Energy: EPA proposal brings third parties into fight against methane "super-emitters." Part 4. 

The Biden administration’s first foray into reducing methane emissions from oil and gas operations, released in November 2021, promised to reduce emissions from hundreds of thousands of existing sites, expand and strengthen emission-reduction requirements, and encourage the use of new technologies. It was clear about one other thing too, namely that more was already in the works. And sure enough, the Environmental Protection Agency (EPA) recently followed up with a proposal that significantly broadens the initial plan. In today’s RBN blog we look at that supplemental proposal, its targeting of so-called “super-emitters,” and why third-party groups will play a bigger role in mitigating methane emissions in the years ahead.

We have written extensively about greenhouse gas (GHG) emissions over the past few years. Carbon dioxide (CO2) has often been the focus, but methane is also an important part of those discussions because it’s a particularly powerful GHG, with a Global Warming Potential (GWP) that is 25-36 times that of CO2 when normalized to a 100-year timeline. (And more than 80 times that of CO2 if normalized to a 20-year timeline.) A tricky part of the problem is that the actual level (and sources) of methane emissions can be hard to accurately identify and quantify, mostly because estimates can vary greatly depending on how they’re calculated.