Great example of how fast things can move in the Bakken when permitted by the state.
The Grayson Mill Porter wells in Alexander oil field.
They are all on DRL status which means they are in the process of being prepared to be drilled, or already being drilled, or already drilled to depth, but not completed/fracked.
39265, drl, Grayson Mill, Porter 26-36 XW 1H, a line section well; Alexander,
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.
Intel: analyst can't even explain it.
earnings release awful
shares drop more than 7% after hours:
"never seen anything like this before"
anyone following the blog could have seen this coming
started with posts regarding 10nm and 7nm chips
went right off a cliff; this is not going to be a one-off
Raising dividends, announced so far today:
ADM (Archer-Daniels)
Murphy Oil
Later, 3:04 p.m. ET: for investors.
Comment: looking at the market today suggests to me that those "in the FOMO camp" are finally realizing they "MO."
Later,
3:30 p.m. ET: for investors. The Dow is not up all that much today in
the big scheme of things, but energy is going through the roof. Having
said that, XLE was not particularly remarkable, again pointing out to
folks that individuals can do much better if they a) have a plan; b)
stick to the plan; and, c) pay attention to what's going on in the
world.
Two examples:
VLO: up over 4% today;
XOM: up 3.7% today
CVX: up 4.5% today;
MPC: up 3.6% today;
most of the others are running one- to two-percent in the green today.
The
more I "see," the more I think "investors" conflate / confuse the terms
used to define the stock market with terms used to define the economic
cycle.
The usual disclaimer applies. As usual this is done very quickly and using
shorthand for my benefit. There will be factual and typographical errors
on this page. Do not quote me on any of this. It's for my personal use
to help me better understand the Bakken. Do not read it. If you do
happen to read it, do not make any investment, financial, job,
relationship, or travel plans based on anything you read here or think
you may have read here. If this stuff is important to you, and I doubt
that it is, but if it is, go to the source.
29837, Petro-Hunt, Keene-Bakken, establish an overlapping 3840-acre unit; sections 20/21/28/29/32/33-153-95, one well, McKenzie County
29838, Petro-Hunt, Little Knife-Bakken, establish eight overlapping 1920-acre units, ...... 3 wells on each unit; 24 wells, Billings County;
29839, Petro-Hunt, Little Knife-Bakken, establish an overlapping 1920-acre unit; sections 18/19/30-144-97; three wells; Dunn County;
29840, Petro-Hunt, Little Knife and/or Crooked Creek-Bakken; establish an overlapping 1920-acre unit; section 31-144-97 and sections 6/7-143-97; three wells; Dunn County;
29842, Kraken, Green Lake and/or Burg-Bakken; establish an overlapping 3840-acre unit; sections 12/13/24-159-100 and sections 7/18/19-159-99; one well; Williams County;
29843, Kraken, Hebron-Bakken, establish two overlapping units; i) all of section 34 and W/2/W/2 of section 35-156-104; and, sections 3/10 and the W/2/W/2 of sections 2/11-155-104; and, iii) all of sections 15/22/27 and the W/2/W/2 of sections 14/23/26-155-104; one well each unit; Williams County;
29844, Whiting, Foreman Butte-Bakken; establish an overlapping 3840-acre unit; sections 1/2/11/12/13/14-150-103, one well; McKenzie
29845, Oasis, Todd-Bakken, establish an overlapping 2560-acre unit, sections 29/30/31/32-154-101; one well; Williams and McKenzie counties;
29846, Hess, Wheellock-Bakken, establish two overlapping 2560-acre units; sections 16/17/20/21- and sections 28/29/32/33-156-98; one well on each; Williams County;
29847, Hess, Wheelock-Bakken, establish an overlapping standup 2560-acre unit, sections 17/20/29/32-156-98; ten wells on that unit; Williams County;
29848, Hess, commingling;
29849, Hess, commingling;
29850, Hess, pooling;
29851, Hess, pooling;
29852,Hess, pooling;
29853, Grayson Mill; commingling;
29854, Oasis, pooling;
29855, BR, pooling;
29856, BR, pooling;
29857, BR, pooling;
29858, BR, commingling;
29859, BR, commingling;
29860, BR, commingling;
29861, BR, commingling;
29862, Whiting, pooling;
29863, MRO, pooling;
29864, MRO, pooling;
29865, MRO, Jim Creek-Bakken, amend; five wells on a standup 1280-acre unit; sections 9/16-145-96; Dunn County;
29866: Kim Shade, conversion #13375 to freshwater well;
29867; Kim Shade, conversion #16058, to freshwater well;
29868, Spotted Hawk, Van Hook-Bakken, establish an overlapping 3520-acre unit, sections 16/17/18/19/20 and N/2 of section 2-150-91; eight wells; McLean, Dunn counties.
29885, Enerplus, McGregory Buttes and/or South Fork-Bakken, establish an overlapping 3840-acre unit, sections 4/5/8/9/16/17-148-93; one well, Dunn County.
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.
Intel: analyst can't even explain it.
earnings release awful
shares drop more than 7% after hours:
"never seen anything like this before"
anyone following the blog could have seen this coming
started with posts regarding 10nm and 7nm chips
went right off a cliff; this is not going to be a one-off
Raising dividends, announced so far today:
ADM (Archer-Daniels)
Murphy Oil
Later, 3:04 p.m. ET: for investors.
Comment: looking at the market today suggests to me that those "in the FOMO camp" are finally realizing they "MO."
Later, 3:30 p.m. ET: for investors. The Dow is not up all that much today in the big scheme of things, but energy is going through the roof. Having said that, XLE was not particularly remarkable, again pointing out to folks that individuals can do much better if they a) have a plan; b) stick to the plan; and, c) pay attention to what's going on in the world.
Two examples:
VLO: up over 4% today;
XOM: up 3.7% today
CVX: up 4.5% today;
MPC: up 3.6% today;
most of the others are running one- to two-percent in the green today.
The more I "see," the more I think "investors" conflate / confuse the terms used to define the stock market with terms used to define the economic cycle.
CVX won't use al of their profits for more drilling -- will return some of that cash to shareholders: $75-billion-share buyback and an increase in the quarterly dividend from $1.42 to $1.51, a six percent increase.
By the way, NSC also increased its quarterly dividend. Remember: we're in a recession. NSC is a railroad.
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.
Semitruck makers have seen record demand for trucks in recent months and have pivoted from managing extremely tight supply constraints to filling orders now that parts are starting to flow more freely.
“Demand for trucks is, I would say, unprecedented,” said David Carson, SVP of sales and marketing for Daimler Trucks North America. “We’ve seen an incredible demand going through Covid and continuing well into [this year]. That demand actually exceeds our capacity and it exceeds the capacity of the entire industry.”
Somewhere between 95,000 and 284,000 new semitrucks are sold in America each year, and as of late 2022 sales were on track to be on the high end of that, said J.D. Power analyst Chris Visser. On average, a semi with a sleeper cabin will cost about $150,000. A fully loaded one can run above $200,000.
Four companies dominate U.S. truck manufacturing: Daimler Trucks, Paccar, Volvo and Traton. Daimler is the biggest: It has about 40% market share, mostly through its Freightliner brand.
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.
Turning to the US west coast, they commented that: “The picture is not
as bright in Los Angeles (LA) and Long Beach (LB), where transit times
increased by 41.7% and 24.5%, respectively, in December compared to
November. That sets LAX back to a congestion level similar to last
April, and LB to last June's levels. Oakland improved its average
transit times by 26.4%. Vessels arriving from China and other parts of
Asia were quicker to berth in Oakland than they were in LA/LB.”
Despite a significant slowdown in the second half of 2022,
two major West Coast ports approached the record-setting pace they had
in 2021.
Port of Los Angeles officials said the facility still
finished as the nation’s busiest container port for the 23rd consecutive
year, processing 9,911,158 20-foot-equivalent units, down nearly 7.2%
from 2021’s 10,677,609.
For December the port processed 728,871 containers, down 7.3% to 786,588 year-over-year.
Demand for industrial space?At the ports. January 19, 2023. What's driving that need for space? Cars. The report showed that the automotive industry has seen its demand increase by more than 156% since 2021 to servee an influx of electric vehicles. This correlates with huge numbers from first reading GDP -- see above.
The report showed that the automotive industry has seen its demand increase by more than 156% since 2021 to serve an influx of electric vehicle and battery manufacturing endeavors across the country. [Reminder: we're in a recession.]
And demand for construction, machinery and materials companies grew by more than 41% this year because of the oversized pipeline of commercial and residential demand for housing. [Reminder: we're in a recession.]
JLL added that with companies reevaluating their existing operations and addressing the COVID-induced supply chain disruptions, demand will continue to increase for manufacturing and automotive users. [Reminder: we're in a recession.]
From a macro perspective, supply chain woes continue to create backlogs at the ports. The concept and practice of reshoring have come into play, and many occupiers have placed this at the forefront of their business operations. [Reminder: we're in a recession.]
Tight availability, high rents, and port congestion along the West Coast have pushed many occupiers to the Southeast region and to ports along the East Coast, such as Savannah and Charleston, which are seeing record TEU volumes. [Reminder: we're in a recession.]
And don't forget about the third leg of this three-legged stool: New Orleans.
NEW ORLEANS — The pandemic-era collapse of supply chains spurred speculation that globalization was on the decline, as companies vowed to become less reliant on foreign providers of goods and services.
But if New Orleans is any example, the world is headed for less of a retreat from global trade and more of an overhaul to how it operates.
A critical gateway between the Mississippi River and global oceans, New Orleans has been an entry and exit point for the United States since before the Louisiana Purchase. The city is now betting that position will continue — and even deepen — as the world enters a new era of global integration.
The New Orleans port is one of the nation’s busiest for agricultural exports like soybeans and corn. But it has struggled to compete for the lucrative imports that are ferried on huge ships from Asia, in part because those vessels cannot fit under a local bridge. As global supply chains rearrange in the pandemic’s wake, New Orleans’ proximity to Mexico and its position on the Mississippi River could help make it a crucial stop in what many expect to be a more resilient supply chain of the future.
Executives at the New Orleans port are wagering on that transformation: They recently unveiled a plan to spend $1.8 billion on expanding the port to a new site that can handle more trade and accommodate bigger boats.
That optimism about the future of trade breaks with some of the worst fears of the past few years, as pandemic-related supply chain disruptions, COVID lockdowns in China and Russia’s war with Ukraine shook confidence in the global trading system.
Policymakers and company executives vowed to become less reliant on China and to locate supply chains closer to home. That prompted predictions that the world was headed for a period of “de-globalization,” in which the trade and financial ties that have brought countries closer in recent decades would spin into reverse.
So far, economic data shows few signs of such a sharp retreat. [Reminder: we're in a recession.]
Anyway, do your own google search -- us ports los angeles news. I'm moving on. Remember: we're in a recession.
CVX: up almost 4% in pre-market trading.
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.
Friday, January 27, 2023: 65 for the month; 65 for the quarter, 65 for the year 39046, conf, CLR, Kelling 6-4H, 38917, conf, Rampart Energy, Coteau 3 38731, conf, Hess, EN-Neset-LW-156-94-0706H-1, 38162, conf, Hess, BB-Budahn A-LN-150-95-0403H-1, Thursday, January 26, 2023: 61 for the month; 61 for the quarter, 61 for the year 39047, conf, CLR, Kelling 7-4H1, 38583, conf, Whiting, Dexter TTT 11-26-2H, 38581, conf, Whiting, Maria TTT 11-26HU,
If you buy premium gasoline, you’ve probably noticed its price
differential versus regular has been increasing in recent years. That is
a sign of the rising value of octane, the primary yardstick of gasoline
quality and price. In this blog series we’ve examined a new gasoline
sulfur specification called Tier 3, which is causing complications for
U.S. refiners looking to balance octane and gasoline production while
still meeting the regulatory limits on sulfur. In today’s RBN blog, the
fourth and final on this topic, we provide an analysis of the obscure
Sulfur Credit Averaging, Banking and Trading (ABT) system, which allows
refiners to buy credits to stay in compliance with the Tier 3 specs. The
price of these credits quintupled in 2022, another sign of a tight
octane market that will be attracting increased attention in the months
and years ahead.
