TGIF -- Part 1 -- January 6, 2023

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.     

Headlines:

• missing oil, ICYMI. 
• if you have time for only one "oil story" today, this is it (at the link)
• XTO reports monster wells in the Bakken, ICYMI.
  
• BLS jobs report at 7:30 a.m. ET: just being reported now
• apparently incredible numbers; more later
• NFL cancels -- cancels -- the Bills / Bengals game
• Damar Hamlin: full recovery?
• football: new cardiac pad?
• respiratory illnesses
• weekly US seasonal flu numbers to be released today
• Covid-19 surging in Japan, South Korea, Taiwan, Hong Kong
• Ukraine: Putin declares unilateral stop to fighting for two days -- religious observance
• Peter Zeihan reposts his story he wrote before Russia invaded Ukraine: a must read
• if you have time for only one "geopolitical story" today, this is it; link here;
  
• social media link;
• Ukraine getting the "big guns";
  
• Permian:
• annual production forecast to drop from eight million to seven million bopd: PXD's Sheffield
• shareholders come first;
• Biden backs off on plan to crack down on methane emissions; everything suggests the Biden folks know they really, really stumbled when they killed the Keystone XL;
  
• Amazon Web Services: 50% of all cloud computing; #2, MSFT; a distant third: google
• but bigger story not being told
• EVs: December and 2022 sales
• EVs sales up significantly in 2022 -- but it's all relative;
  
• auto sales for 2022: huge disappointment
• hoping for better 2023; tea leaves suggest that won't happen
• Ally, Wells Fargo anticipate year of re-possessions -- gossip; not corroborated
• one of the largest Chevy dealers in the US just up the street from us -- this a.m. the sales lot is practically empty; almost no cars; small number of pickup trucks;
• Ford sales: press release; devil in the details.
• Ford Raptor: on sale; selling for MRSP. LOL. 
• Tesla: a car company, not a tech company;
  
• DVN: back in the news, in a good way
• Title 42: Biden quietly expands, supports, gaslights Americans; embraces Trumpism on this issue; will visit El Paso; immigration problem? GOP will get the monkey on its back, not the Dems
• Russia displaces Iraq as #1 supplier of oil to India; Russia, Saudi, Iraq, US in that order
• Coal: China quietly pivots; will now import coal from Australia
• has US air traffic recovered -- passenger boardings?
• AAPL: what doesn't kill you makes you stronger
• both WTI and natural gas dropped just hours before market opened; did movers and shakers get head's up on BLS jobs numbers to be released later this morning?
  

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. 

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Back to the Bakken

The Far Side: link here.

Active rigs: link here.

WTI: $73.42.

Natural gas: $3.596. Not on my bingo card. Lowest I had was $4.50, not counting the "free space."

Monday, January 9, 2023:
37566, conf, Petro-Hunt, Johnson 158-94-14A-23-1HS,

Sunday, January 8, 2023:
38197, conf, Hess, EN-Rehak A-155-94-1423H-6,
36180, conf, BR, George 2B TFH,

Saturday, January 7, 2023:
38918, conf, Rampart Energy Company, Coteau 4,
36181, conf, BR, George 2A MBH,

Friday, January 6, 2023:
None.

RBN Energy: E&Ps' investment likely to accelerate in 2023 after steady rise through 2022.

While soaring commodity prices have been the most important driver of record E&P cash flow generation over the past 12 months, shareholders have also benefited from a new, post-pandemic financial discipline that has lowered the industry’s reinvestment rate to an all-time low of 35%. However, the 2022 capital expenditures initially planned by the 42 U.S. producers we track were expected to rise a healthy 24% over 2021 levels and their spending plans for the just-finished year continued to increase as 2022 wore on. While only a handful of E&Ps have released their actual 2023 budgets, their most recent conference call comments suggest that the investment momentum will keep building in the new year. In today’s RBN blog, we analyze producers’ 2022 capital investment and the key indicators for 2023 growth.