A Most Amazing Moment In History -- January 5, 2023

Headlines:

• Damar Hamlin: "Who won the game?"
  
• Remarkable "news" coming out of Ukraine.
• Putin to declare unilateral cease fire
  
• armored vehicles
  
• Bed, Bath and Beyond: to file for bankruptcy?
• McCarthy: fails on tenth eleventh vote
• Crypto: another files for bankruptcy
• SNOW: if he still holds this position, he's down 50% for the year (for SNOW)?
• Has market re-set?
• New trading range?
• New era of 5% overnight interest rates?
• Is that bad? Or just something new from which we can profit?
• How did it happen that we dropped to "free money" in the first place?
• Is cash now king? What does that mean for a company with billions in cash?
• High rates --> high monthly mortgages --> housing market crushed.
• Is auto market next? If so, the canary in the coal mine?
• EVs?
• South Carolina: state supreme court nullifies ban on abortion.
• 60 Minutes: why Paul Ehrlich now?
  
• Oil
• has gasoline demand re-set?
  
• CVX: oil company in "a sweet spot"?
• XOM: also in "a sweet spot"?

Gasoline demand, link here.

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Back to the Bakken

Active rigs: link here.

WTI: $73.90.

Natural gas: $3.756.

Four new permits, #39545 - #39549, inclusive:

• Operator: Hunt (3); Petro-Hunt (2)
• Field: Clear Water (Mountrail); Little Knife (Billings)
• Comments:
• Hunt has three Redmond permits; NWNE 19-157-89; 
• to be sited 325 FNL and between 1743 FEL and 1803 FEL
  
• Petro-Hunt has two Terres permits; NENW 13-144-98; 
• to be sited 590 FNL and one at 1903 FWL and one at 1938 FWL
  

One producing well (a DUC) reported as completed 

• 34302, 2,451, XTO, Rough Federal 44X-23D, Banks, t--; cum 155K 11/22;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	29	53164	53232	21184	87599	83548	4051
BAKKEN	10-2022	31	82981	82881	36988	151941	148611	3330
BAKKEN	9-2022	9	18663	18264	12302	28332	26600	1732

Two permits canceled:

• Oasis: two MHA permits in Dunn County;