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

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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,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	28	22833	22877	21124	18725	15114	1479
BAKKEN	12-2022	17	16555	16491	16971	13255	8838	2901
BAKKEN	11-2022	26	25561	25573	26595	14973	11197	1406
BAKKEN	10-2022	24	18051	18044	19709	13644	11655	519
BAKKEN	9-2022	17	18103	18027	28627	13749	10584	1612
BAKKEN	8-2022	0	0	0	0	0	0	0

• 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;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
MADISON	1-2023	11	696	458	13920	0	0	0
MADISON	12-2022	14	337	352	6740	0	0	0
MADISON	11-2022	21	381	304	7620	0	0	0
MADISON	10-2022	7	21	65	420	0	0	0
MADISON	9-2022	18	43	0	95	0	0	0
MADISON	8-2022	31	161	259	352	0	0	0

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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	29	17586	17623	28531	15625	12725	1245
BAKKEN	12-2022	20	13170	13119	22032	11384	7550	2479
BAKKEN	11-2022	26	17365	17375	32823	11569	8799	1123
BAKKEN	10-2022	30	18584	18576	34593	13200	11067	489
BAKKEN	9-2022	19	14914	14852	38723	11497	8788	1339
BAKKEN	8-2022	0	0	0	0	0	0	0

• 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;