Locator: 44946B.
EU central bank: rates raised to 22-year high. Oh-oh.
China: cutting rates. See below.
US: whatever.
We live in interesting times.
Most concerning data point: China's youth -- age 16 - 24 at 20% unemployment.
- China sees itself as not recovering from economic downturn.
- no evidence China will pull out of this economic downturn any time soon;
- Peter Zeihan needs to remind "us" how dangerous unemployed youth are.
- Taiwan needs to be very worried.
- Warren Buffett probably put 1+1 together and got four.
*********************
Back to the Bakken
Active rigs: 37.
WTI: $70.62.
Five producing wells (DUCs) reported as completed:
- 38829, 3,680, MRO, Prudence 44-32H, Bailey (of course),
- 38830, 3,912, MRO, Nyle 14-33TFH, Bailey,
- 38832, 2,700, MRO, Remsing 14-33TFH, Bailey,
- 39080, 1,661, Hess, RS-State D-155-92-0203H-9,
- 38203, n/d, CLR, LCU Foster Federal 2-28H,
Of interest:
- 18681, huge jump in production; previously reported;
- 17792, unremarkable, but remains off line;
- 20929, very nice well, but remains off line;
- 21469, nice well, but otherwise unremarkable;
No new permits except one permit for a recompletion:
- 15101, 200, Scout Energy, South Fryburg 23-30, Madison formation, Fryburg, t6/01; cum 158K 4/23; I can't read these permits well, but it looks like there might be a short lateral; most recent data:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| MADISON | 4-2023 | 10 | 73 | 213 | 859 | 1 | 0 | 1 |
| MADISON | 3-2023 | 6 | 73 | 0 | 433 | 5 | 0 | 5 |
| MADISON | 2-2023 | 28 | 409 | 427 | 2465 | 14 | 0 | 14 |
| MADISON | 1-2023 | 31 | 344 | 427 | 2758 | 19 | 0 | 19 |
| MADISON | 12-2022 | 24 | 282 | 207 | 2113 | 6 | 0 | 6 |
| MADISON | 11-2022 | 30 | 480 | 422 | 2800 | 14 | 0 | 14 |
| MADISON | 10-2022 | 29 | 355 | 422 | 2738 | 14 | 0 | 14 |
| MADISON | 9-2022 | 28 | 351 | 426 | 2568 | 21 | 0 | 21 |
| MADISON | 8-2022 | 31 | 275 | 210 | 2876 | 9 | 0 | 9 |
| MADISON | 7-2022 | 26 | 80 | 0 | 2121 | 16 | 0 | 16 |
| MADISON | 6-2022 | 22 | 336 | 422 | 1827 | 10 | 0 | 10 |
| MADISON | 5-2022 | 31 | 507 | 425 | 2939 | 24 | 0 | 24 |
| MADISON | 4-2022 | 29 | 442 | 631 | 2712 | 20 | 0 | 20 |
| MADISON | 3-2022 | 31 | 538 | 415 | 2960 | 56 | 0 | 56 |
| MADISON | 2-2022 | 26 | 397 | 423 | 2445 | 26 | 0 | 26 |
| MADISON | 1-2022 | 31 | 513 | 422 | 2903 | 48 | 0 | 48 |
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