An Ovintiv Lund Well In Siverston Oil Field Exhibiting Halo Effect -- March 5, 2023

The well:

• 22390, 1,252, Ovintiv, Lund 26-18SH, Siverston, t7/12; cum 191K 1/23; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	3054	3044	9644	5194	5152	42
BAKKEN	12-2022	27	3127	3077	9917	4010	4010	0
BAKKEN	11-2022	29	2909	2908	12242	4760	4599	161
BAKKEN	10-2022	2	79	0	18	0	0	0
BAKKEN	9-2022	20	998	931	9500	1468	1391	77
BAKKEN	8-2022	3	62	0	1160	150	150	0
BAKKEN	7-2022	0	0	0	0	0	0	0
BAKKEN	6-2022	0	0	0	0	0	0	0
BAKKEN	5-2022	0	0	0	0	0	0	0
BAKKEN	4-2022	0	0	0	0	0	0	0
BAKKEN	3-2022	2	1	464	0	0	0	0
BAKKEN	2-2022	2	0	0	0	0	0	0
BAKKEN	1-2022	29	2	0	39	69	69	0
BAKKEN	12-2021	28	359	618	129	1744	1744	0
BAKKEN	11-2021	30	849	857	173	2007	2007	0
BAKKEN	10-2021	31	1658	1710	200	2186	2186	0
BAKKEN	9-2021	22	713	655	254	1894	1788	106
BAKKEN	8-2021	11	470	307	18	568	568	0
BAKKEN	7-2021	31	875	605	315	1849	1493	356

Initial Production Data For A CLR Cedar Coulee Dennis FIU Well -- March 5, 2023

The CLR Dennis FIU / Flint Chips Federal/ Flint Chips FIU wells are tracked here.

There are too many wells for me to post their initial production data tonight, but here's an example of one:

• 38117, 1,210, CLR, Dennis FIU 13-8H1, Cedar Coulee, NWNE 8-147-96, 208 FNL 2054 FEL, t--; cum 97K 1/22;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	43779	43720	33377	55729	54684	1045
BAKKEN	12-2022	30	45515	45421	45743	39331	38780	551
BAKKEN	11-2022	6	6931	6822	5757	6862	6622	240
BAKKEN	10-2022	0	0	0	0	0	0	0
BAKKEN	9-2022	5	288	288	2355	513	0	513

The CLR Clear Creek Federal Wells Sited In Section 26-152-97

It seems like it's been forever but these wells are now finally reporting production:

From the north, drilling south:

• 37980, loc/A, CLR, Clear Creek Federal 2-26HSL2, t--; cum 74K 1/23;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	41164	41250	37931	81283	81195	88
BAKKEN	12-2022	30	32595	32118	31249	63099	58394	4705
BAKKEN	11-2022	2	53	53	991	31	0	31

• 37981, loc/A, CLR, Clear Creek Federal 3-26H, t--; cum 80K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	43314	43415	26118	86733	85434	1299
BAKKEN	12-2022	30	36325	35806	29437	71794	63655	8139
BAKKEN	11-2022	2	93	93	1019	123	0	123

• 37982, loc/A, CLR, Clear Creek Federal 4-26H1, t--; cum 32K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	20329	20111	51302	41079	41067	12
BAKKEN	12-2022	28	11332	11052	31836	22644	19744	2900
BAKKEN	11-2022	2	0	0	1287	0	0	0

• 37983, 1,321, CLR, Clear Creek Federal 9-26H, t--; cum 60K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	34540	34730	37608	72331	72148	183
BAKKEN	12-2022	28	25064	24486	27613	48077	44576	3501
BAKKEN	11-2022	4	189	189	1808	517	0	517

• 37984, loc/A, CLR, Clear Creek Federal 7-26H, t-- cum 84K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	44305	44232	25876	88345	87614	731
BAKKEN	12-2022	31	38950	38615	26649	76606	73914	2692
BAKKEN	11-2022	2	364	364	1572	755	0	755

• 37985, 955, CLR, Clear Creek Federal 6-26H2, t--; cum 41K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	27366	27229	50130	56067	56018	49
BAKKEN	12-2022	28	13942	13695	31694	27817	25782	2035
BAKKEN	11-2022	1	0	0	1929	0	0	0

• 37986, loc/A, CLR, Clear Creek Federal 8-26H1, Westberg, t--; cum 56K 1/23;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	31716	31722	48476	63880	63822	58
BAKKEN	12-2022	31	24255	23888	39190	47642	46016	1626
BAKKEN	11-2022	2	86	86	1175	184	0	184

 

From the south, drilling north:

• 37859, loc/A, CLR, Clear Creek Federal 5-35H, Westberg, t--; cum 53K 1/23;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	27	43480	43429	24944	90565	88848	1717
BAKKEN	12-2022	3	443	484	984	918	299	619
BAKKEN	11-2022	11	9078	8802	12718	18878	16843	2035

• 37860, loc/A, CLR, Clear Creek Federal 10-35H2, Westberg, t--; cum 40K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	27	33189	32798	45684	66020	65836	184
BAKKEN	12-2022	4	206	243	849	700	64	636
BAKKEN	11-2022	10	6092	5935	13194	12294	11933	361
BAKKEN	10-2022	4	86	86	1044	358	0	358

• 37861, loc/A, CLR, Clear Creek Federal 11-35H, Westberg, t--; cum 59K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	27	48786	48806	29645	93369	92136	1233
BAKKEN	12-2022	2	1052	1211	559	1798	826	972
BAKKEN	11-2022	9	8908	8371	7431	17267	15145	2122
BAKKEN	10-2022	3	187	187	1413	588	0	588

• 37862, loc/A, CLR, Clear Creek Federal 12-35H1, Westberg, t--; cum 34K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	28	28066	28069	51261	56959	56819	140
BAKKEN	12-2022	2	466	484	1309	928	480	448
BAKKEN	11-2022	9	5721	5442	13675	12054	11300	754
BAKKEN	10-2022	3	96	96	753	200	0	200

• 37863, loc/A, CLR, Clear Creek Federal 13-35H, Westberg, t--; cum 61K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	28	51136	50901	27018	99857	97493	2364
BAKKEN	12-2022	2	542	483	426	1486	968	518
BAKKEN	11-2022	9	9081	8787	7155	17900	16840	1060
BAKKEN	10-2022	1	179	179	0	0	0	0

• 37864, loc/A, CLR, Clear Creek Federal 14-35HSL2, Westberg, t--; cum 45K 1/23;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	28	37808	37719	41141	74769	74523	246
BAKKEN	12-2022	2	958	966	1133	2365	1412	953
BAKKEN	11-2022	9	6696	6419	10201	13584	12632	952

• 37865, PNC, CLR, Clear Creek Federal 15-35HSL, Westberg, 
• 37866, PNC, CLR, Clear Creek Federal 16-35HSL2, Westberg,
  

An Old MRO Bill Connolly Well Goes Over 500K Bbls Crude Oil Cumulative -- Bailey Oil Field -- March 5, 2023

See this note. This well has just gone over 500K bbls crude oil cumulative:

• 16736, 377, MRO, Bill Connolly 21-25H, Bailey, t1/08; cum 416K 4/20; jumps from less than 1,000 bbls/month to more than 30,000 bbls/month; cum 504K 1/23; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2023	31	1923	1962	2226	2151	1556	11
BAKKEN	12-2022	15	992	1145	967	1087	656	37
BAKKEN	11-2022	30	2552	2406	2283	2539	1732	173
BAKKEN	10-2022	31	2533	2568	3104	2646	1841	165
BAKKEN	9-2022	30	2433	2382	4647	2441	1818	0
BAKKEN	8-2022	31	2189	2247	3620	2311	1705	17
BAKKEN	7-2022	31	2496	2628	3354	2292	1604	0

Warren Buffett, CVX -- March 5, 2023

From February 17, 2021:

Today, over at CNN Business: what does Warren Buffett see in Chevron? The lede:

Many investors are increasingly hesitant to hold shares of oil and gas companies as a global energy transition gathers steam. [In 2022, with the war in Ukraine, Peter Zeihan said energy transition was dead.]

Not Warren Buffett. What's happening: Buffett's Berkshire Hathaway just disclosed a new stake in Chevron (CVX), the second largest oil firm in the United States. 

The $4.1 billion investment could have been spearheaded by Berkshire investment managers Ted Weschler and Todd Combs. But Buffett still runs the show, and it's a sign that the world's most famous investor sees long-term value in a sector that's taking plenty of heat. 

Chevron shares plunged to their lowest level since 2006 when the pandemic destroyed oil prices last March, and they've failed to fully recover. The company posted a net loss of $5.5 billion for 2020, and its stock is now trading at $93.13, 15% lower than one year ago.

So, two years ago, CVX trading for $93 when Warren Buffett initiated a position.

How's CVX doing now?

Paying 3.7%.

Price Electricity By State -- March 5, 2023

EIA, link here.

Residential:

• Hawaii: 45 cents
• New England: 27 cents
• Alaska: 22 cents;
• Middle Atlantic: 19 cents
• Pacific: 18 cents
• East North Central: 16 cents
• South Atlantic: 14 cents
• East South Central: 13 cents
• West South Central: 13 cents
• Mountain: 13 cents:
• West North Central: 12 cents
• North Dakota: 9.6 cents

Commercial:

• Hawaii: 43 cents
• New England: 19 cents
• Alaska: 19 cents;
• Pacific: 17 cents
• Middle Atlantic: 15 cents
• East South Central: 12 cents
• East North Central: 12 cents
• South Atlantic: 11 cents
• West South Central: 10 cents
• Mountain: 10 cents:
• West North Central: 10 cents
• North Dakota: 8 cents

Industrial:

• Hawaii: 40 cents
• Alaska: 18 cents;
• New England: 16 cents
• Pacific: 12 cents
• Middle Atlantic: 9 cents
• Mountain: 9 cents:
• East South Central: 8 cents
• East North Central: 8 cents
• South Atlantic: 8 cents
• West South Central: 7 cents
• West North Central: 7 cents
• North Dakota: 7 cents

Beef Prices -- March 5, 2023

What the hell? Link here.

Price of beef, FRED: link here.

• June, 2020: $4.737
• August, 2022: $4.937
• Latest, December, 2022: $4.80

Quarter-pounder:

• (4.80 / 4) - ($4.737 / 4) = $1.20 - $1.184 = 1.6 cents per quarter pound
• so I assume the price of a McDonald's quarter-pounder only increased by two cents since 2020. LOL.

China and US exports:

• China's appetite for beef, Reuter's: link here. 
• China's appetite for beef, northernag: link here. 
• US beef exports, agweb: link here.
  

Inflation -- It Gets Tedious -- March 5, 2023

Three links:

• this is the buzz: link here; this was the impression I had watching CNBC last week;
• agree, it's political; not following the data: link here;
• "truflation": link here;

A Record -- And Not Mentioned By Mainstream Media? America’s Century — March 5, 2023

Link here.

A Delightful Article -- Explains A Lot -- March 5, 2023

Link here.

Link here.

EU - Fossil Fuel Imports -- March 5, 2023

Link here.

Russia -- Self-Sufficient -- March 5, 2023

S&P Global: link here.

China -- Energy Appetite -- March 5, 2023

S&P Global: link here.

Super Bowl Tight End -- Straight Male Friend -- March 5, 2023

Link here.

Cost Of Driving By State -- March 5, 2023

ChooseEnergy: link here.

Initial Production Data For Wells Coming Off Confidential List This Next Week -- March 5, 2023

The wells:

• 39150, conf, Petro-Hunt, USA 146-97-29A-32-2H, Little Knife, no production data, 
• 39140, conf, CLR, Micahlucas 9-5H, Jim Creek, no production data,
• 39128, conf, Crescent Point Energy, CPEUSC Claire Rose 6-31-30-159N-99W-MBH, Burg, no production data, 
• 39129, conf, Crescent Point Energy, CPEUSC Claire Rose 5-31-30-159N-99W-MBH, Burg, no production data, 
• 39149, conf, Petro-Hunt, USA 146-97-29B-32-1H, Little Knife, no production data, 
• 39139, conf, CLR, Micahlucas 8-5H1, Jim Creek, no production data,
• 38653, conf, Oasis, Ramirez 5196 42-32 5B, Dimmick Lake, no production data, 
• 35589, conf, Neptune Operating, Heen 153-104-35-26-4H, Ft. Buford,
  

Date	Oil Runs	MCF Sold
1-2023	23749	0
12-2022	8525	5433
11-2022	19872	10021
10-2022	20992	0
9-2022	13794	0

• 35588, conf, Neptune Operating, Heen 153-104-35-26-3H, Ft. Buford,
  

Date	Oil Runs	MCF Sold
1-2023	26867	0
12-2022	20031	12377
11-2022	17028	6352
10-2022	21160	0
9-2022	12643	0

• 39138, conf, CLR, Micahlucas 7-5H, Jim Creek, no production data, 
• 39130, conf, Crescent Point Energy, CPEUSC Claire Rose 4-31-30-159N-99W-MBH, Burg, no production data, 
• 39131, conf, Crescent Point Energy, CPEUSC Amelia Grace 4-6-7-158N-99W-MBH, Ellisville, no production data, 
• 39137, conf, CLR, Micahlucas 6-5H1, Jim Creek, no production data, 
• 39132, conf, Crescent Point Energy, CPEUSC Claire Rose 3-31-30-159N-99W-MBH, Burg, no production data, 
• 39142, conf, SOGC (Sinclair), Hovden Federal 4-20H, Little Knife,
  

Date	Oil Runs	MCF Sold
1-2023	18021	0
12-2022	10510	0

• 39136, conf, CLR, Micahlucas 5-5H, Jim Creek, no production data, 
• 38750, conf, Ovintiv, Sorenson Federal 153-96-9-4-6HLW, Sand Creek, no production data, 
• 36480, conf, WPX, Skunk Creek 12-7-8-8H3A, Heart Butte, no production data, 
• 36479, conf, WPX, Skunk Creek 12-7-8-9HA, Heart Butte, no production data, 
• 30861, conf, BR, Cleetwood 11-27TFH-A, Ellidah, no production data,
• 39097, conf, CLR, Woodrow 5-32H, West Capa, no production data, 
• 38340, conf, Enerplus, Backhand 149-92-31C-30H, Heart Butte,
  

Date	Oil Runs	MCF Sold
1-2023	22877	15114
12-2022	16491	8838
11-2022	25573	11197
10-2022	18044	11655
9-2022	18027	10584

• 36481, conf, WPX, Skunk Creek 12-7-8-16H, Heart Butte, no production data, 
• 11574 (no typo), conf, Empire North Dakota LLC, USA Johnson 1-19, Starbuck,
  

Date	Oil Runs	MCF Sold
1-2023	458	0
12-2022	352	0
11-2022	304	0
10-2022	65	0

• 39098, conf, CLR, Woodrow 6-32H, West Capa, no production data, 
• 38749, conf, Ovintiv, Sorenson Federal 153-96-9-4-5H, Sand Creek, no production data,  
• 38341, conf, Enerplus, Dropshot 149-92-31C-30, Heart Butte,
  

Date	Oil Runs	MCF Sold
1-2023	17623	12725
12-2022	13119	7550
11-2022	17375	8799
10-2022	18576	11067
9-2022	14852	8788

• 36483, conf, WPX, Skunk Creek 12-7-8-16HA, Heart Butte, no production data,
• 36482, conf, WPX, Skunk Creek 12-7-8-16H3, Heart Butte, no production data,
• 23930 (no typo), conf, Hunt, Oakland 2-18-19H, Parshall, no production data, 
• 39099, conf, CLR, Woodrow 7-32H, West Capa, no production data, 
• 38748, conf, Ovintiv, Sorenson Federal 153-96-9-4-5H, Sand Creek, no production data,
• 38616, conf, Hunt, Halliday 146-93-25-36H 4, Werner, no production data,
• 28847 (no typo), conf, Hunt, Oakland 2-7-6H, Parshall, no production data,