Monday, March 6, 2023

AAPL And Back-To-The-Bakken; MRO With Four New Permits -- March 6, 2023

Energy: the 21st century is America's century. Link here.

Original Post

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.

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

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

I'm posting this for extended family members.

Had it not been for AAPL today, the market would have done badly, waiting for JPow's remarks tomorrow.

Following his remarks tomorrow, the best the market will do is "break even." Everything suggests that after he speaks the market will fall enough to "concern" many investors.

As noted above, had it not been for AAPL today, the market would have done badly.

I sent the following to a reader:

On January 5, 2023, just two months ago AAPL was trading at $125.

Today, AAPL is trading at $154.

I will let someone else do the math if anyone wants to know what that would be annualized. LOL.

1. The economy looks better now than it did in January which accounts for a bit of AAPL's move today.

2. But the big reason for the upward move today was because an analyst at Goldman Sachs put AAPL as a "buy" and has set a target of $199 -- targets are defined as one year out, in other words, March, 2024.

3. AAPL will be very volatile but I think we have a new floor, around $145 for the rest of the year. Even under best of circumstances, I doubt AAPL will get to $175 by the end of the year.

For me, with my 40-30-20-5-5 "new money" allotment scheme, AAPL is a "hold" at $160.

  • "One of the "5's" is for Big Pharma (healthcare); the other is for Daimler Truck. I am looking at Daimler Truck at 2.5% and RACE at 2.5%.

On another note, WTI broke through $80 and remained comfortably above $80 after the close.

************************
Back to the Bakken

Active rigs: 43.

WTI: $80.46.

Natural gas: $2.572.

Four new permits: #39699 - #39702, inclusive:

  • Operator: MRO;
  • Fields: Killdeer (Dunn County)
  • Comments:
    • MRO has permits for the following wells, DeMay, Arlene, Eelainne, and Barsness, all in SESW 33-146-94, 
      • to be sited 385 FSL annd between 1699 FWL and 1899 FWL

Coming off confidential list over the weekend:

Monday, March 6, 2023: 28 for the month; 190 for the quarter, 190 for the year

  • 39097, drl, CLR, Woodrow 5-32H, West Capa;
  • 38340, A/F, Enerplus, Backhand 149-92-31C-30H,  Heart Butte,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20232822833228772112418725151141479
BAKKEN12-2022171655516491169711325588382901
BAKKEN11-20222625561255732659514973111971406
BAKKEN10-2022241805118044197091364411655519
BAKKEN9-20221718103180272862713749105841612
BAKKEN8-20220000000
  • 36481, PNC, WPX, Skunk Creek 12-7-8-16H, Heart Butte, 
  • 11574 (no typo), 30, Empire North Dakota LLC, USA Johnson 1-19, a Madison well; t7/81; cum 32K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
MADISON1-20231169645813920000
MADISON12-2022143373526740000
MADISON11-2022213813047620000
MADISON10-202272165420000
MADISON9-20221843095000
MADISON8-202231161259352000

Sunday, March 5, 2023: 24 for the month; 186 for the quarter, 186 for the year

  • 39098, drl, CLR, Woodrow 6-32H, West Capa,
  • 38749, drl, Ovintiv, Sorenson Federal 153-96-9-4-5H, Sand Creek,
  • 38341, F/A, Enerplus, Dropshot 149-92-31C-30, Heart Butte, t--; cum 82K 1/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20232917586176232853115625127251245
BAKKEN12-2022201317013119220321138475502479
BAKKEN11-2022261736517375328231156987991123
BAKKEN10-2022301858418576345931320011067489
BAKKEN9-2022191491414852387231149787881339
BAKKEN8-20220000000
  • 36483, PNC, WPX, Skunk Creek 12-7-8-16HA, Heart Butte,
  • 36482, PNC, WPX, Skunk Creek 12-7-8-16H3, Heart Butte,
  • 23930 (no typo), loc/A, Hunt, Oakland 2-18-19H, Parshall,
Saturday, March 4, 2023: 18 for the month; 180 for the quarter, 180 for the year
  • 39099, drl, CLR, Woodrow 7-32H, West Capa,
  • 38748, drl, Ovintiv, Sorenson Federal 153-96-9-4-5H, Sand Creek,
  • 38616, A, Hunt, Halliday 146-93-25-36H 4, Werner,
  • 28847 (no typo), PNC, Hunt, Oakland 2-7-6H, Parshall, 

One DUC reported as completed:

  • 38597, 370, Ovintiv, Obenour 150-99-33-28-8H, McKenzie County;

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