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Sunday, March 19, 2023

French Strike Shut Down Refineries -- March 19, 2023


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My Favorite Chart -- March 19, 2023

Link to FRED:  

Link to ici.org: 

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.

Updates

Later, 2:54 p.m. CT: this is fascinating. I can park my cash in "T" and earn 6.06% and leave a boatload of "T" to my heirs. Meanwhile, money market funds:

Yes, I know one can find better money market rates.

Note: I use "T" generically -- there are other equities other than "T" that pay nicely, also. 

Original Post

Bloomberg: $120 billion will flow into money market funds this next week. 

My favorite chart. Link here.

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Clearing Out The In-Box -- March 19, 2023

High cost; little return: is this why Amazon is re-thinking Rivian? From The WSJ. 

Mercedes and EVs from Reuters today:

Trader Joe's beating out conventional supermarkets. Link to The WSJ. Inflation? What inflation?

Covid: we dodged a bullet -- but it wasn't luck. Link to The WSJ.


EVs: if they didn't buy them when money was free; why would they buy them when interest rates are surging. Link to The WSJ.

Nvidia last week. A reminder. 

Tech is now a defensive play. Link to Barron's.

Apple: to break another records -- iPhone 15 Pro Max with thinnest bezels on a smartphone. Link here.

Got octane? Link to Bloomberg.

US energy fact sheet. Link to css.umich.edu.

All these things are gone. Link here.

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Gasoline Demand -- March 19, 2023

The most recent EIA weekly petroleum report was posted here.

Then, today, I received this from the reader who follows this more closely than anyone else, as far as I am aware:

I would also be interested in how gasoline production could fall by 446,000 bpd and the net output of other products also be down at the same time during a week when refinery throughput was up by 430,000 bpd, as it was this week (March 10 data)....

It looks like the EIA needs more "fudge factors." 

Which reminded me. I did not post this week's report on "gasoline demand."

So, what was the most recent gasoline demand data? Gasoline demand, 2023, has now reached 2022 levels but will likely drop again next week:

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Initial Production Data For Wells Coming Off Confidential List This Next Week -- March 19, 2023

The wells:

  • 39193, conf, CLR, Allen 6-17H, Dollar Joe, no production data,
  • 38439, conf, Hess, EN-Farhart-LW-156-93-0409H-1, Baskin,
DateOil RunsMCF Sold
1-20231567619788
12-20221774319820
11-20221964513212
10-20223286920985
9-202224402130
  • 39221, conf, Crescent Point, CPEUSC Samples 4-35-26-159N-100W-MBH-LL, Blue Ridge, no production data, 
  • 39194, conf, CLR, Allen 7-17H, Dollar Joe, no production data,
  • 39223, conf, Crescent Point, CPEUSC Samples 5-35-26-159N-100W-MBH-LL, Blue Ridge, no production data, 
  • 39195, conf, CLR, Allen 8-17HSL, Beaver Lodge, no production data, 
  • 38441, conf, Hess, EN-Sable-157-93-3534H-4, Sorkness,
DateOil RunsMCF Sold
1-20231527616354
12-20221554116351
11-20221853238985
10-20222100826750
9-202265269289
  • 9302 (no typo), conf,  Empire North Dakota LLC, Waddle 7-29, Starbuck,
DateOil RunsMCF Sold
10-20221680
  • 39220, conf, Crescent Point, CPEUSC Charlotte Elizabeth 2-34-27-159N-100W-MBH, Blue Ridge, no production data,
  • 39196, conf, CLR, Boe State 5-16H, Beaver Lodge, no production data, 
  • 39219, conf, Crescent Point, CPEUSC Charlotte Elizabeth 34-27-159N-100W-MBH, Blue Ridge, no production data,
  • 39197, conf, CLR, Boe State 6-16H, Beaver Lodge, no production data, 
  • 30860, conf, BR, Rollacleetwood 11-27MBH ULW, Elidah, no production data, 
  • 39198, conf, CLR, Boe State 7-16H, Beaver Lodge, no production data, 
  • 39107, conf, Kraken, Rose 16-21 4H, Ellisville,
DateOil RunsMCF Sold
1-202353301461
  • 39165, conf, CLR, Micahlucas 14-5HSL1, Jim Creek, no production data, 
  • 39106, conf, Kraken, Rose 16-21 3H, Ellisville,
DateOil RunsMCF Sold
1-202350461625
  • 38442, conf, Hess, EN-Sable-157-93-3534H-3, Sorkness,
DateOil RunsMCF Sold
1-20231516916778
12-20221662910810
11-202299854450
10-20221452726381
9-2022121743627
  • 39161, conf, Resonance Exploration, Resonance Siverston 4-26H, South Westhope, no production data, 
  • 39105, conf, Kraken, Rose 16-21 2H, Ellisville,
DateOil RunsMCF Sold
1-202352031783
  • 38648, conf, Neptune Operating, Heen S 152-104-5-17-1H, Briar Creek,
DateOil RunsMCF Sold
1-202382021067
12-202265216809
11-2022539110474
10-2022219490
9-202243950
  • 38443, conf, Hess, EN-Sable-157-93-3534H-2, Sorkness,
DateOil RunsMCF Sold
1-20231378715464
12-20221488215579
11-20221718319096
10-20221512918176
9-20221324618154
  • 37645, conf, BR, Tailgunner 2A TFH, North Fork, no production data, 
  • 39164, conf, CLR, Micahlucas 13-5HSL, Jim Creek, no production data, 
  • 38654, conf, Oasis, Ramirez 5196 42-32 4B, Dimmick Lake, this well is tracked here:
DateOil RunsMCF Sold
1-20233689458850
12-20224594383994
11-20224418360298
10-20224506760069
9-20221646028413
  • 38321, conf, Whiting, Braaflat 11-11HU, Parshall,
DateOil RunsMCF Sold
1-2023107957869
12-20222639318211
11-20222950019105
10-2022130897856
  • 37646, conf, BR, Tailgunner 1B MBH, North Fork, no production data, 
  • 39163, conf, CLR, Micahlucas 12-5H1, Jim Creek, no production data, 
  • 38841, conf, Neptune Operating, Heen S 152-104-5-17-2H, Briar Creek,
DateOil RunsMCF Sold
1-2023117621820
12-202290517379
11-2022549510323
10-2022178100
9-202259630
  • 37647, conf, BR, Tailgunner 2C TFH, North Fork, no production data, 
  • 37569, conf, Iron Oil Operating, Antelope 3-31-30H, Sather Lake,
DateOil RunsMCF Sold
1-20231345912378
12-202296977941
11-20221378411177
10-20221880314897
9-202231140
  • 39162, conf, CLR, Micahlucas 11-5H, Jim Creek, no production data, 
  • 38655, conf, Oasis, Ramirez 5196 42-32 3B, Dimmick Lake, this well is tracked here:
DateOil RunsMCF Sold
1-20234022470766
12-20223866658605
11-20224139262105
10-20223677447775
9-20222093928413
  • 37648, conf, BR, Tailgunner 2D MBH, North Fork, no production data,

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Wells Coming Off Confidential List This Next Week -- March 19, 2023

Wednesday, March 29, 2023: 88 for the month: 252 for the quarter, 252 for the year
39246, conf, KODA Resources, Bock 32-1 SWD,
39193, conf, CLR, Allen 6-17H,
38439, conf, Hess, EN-Farhart-LW-156-93-0409H-1

Tuesday, March 28, 2023: 86 for the month: 250 for the quarter, 250 for the year
39221, conf, Crescent Point, CPEUSC Samples 4-35-26-159N-100W-MBH-LL,
39194, conf, CLR, Allen 7-17H,

Monday, March 27, 2023: 84 for the month: 248 for the quarter, 248 for the year
39223, conf, Crescent Point, CPEUSC Samples 5-35-26-159N-100W-MBH-LL,
39195, conf, CLR, Allen 8-17HSL,
38441, conf, Hess, EN-Sable-157-93-3534H-4,
9302 (no typo), conf,  Empire North Dakota LLC, Waddle 7-29,

Sunday, March 26, 2023: 80 for the month: 244 for the quarter, 244 for the year
39220, conf, Crescent Point, CPEUSC Charlotte Elizabeth 2-34-27-159N-100W-MBH,
39196, conf, CLR, Boe State 5-16H,

Saturday, March 25, 2023: 78 for the month: 242 for the quarter, 242 for the year
39219, conf, Crescent Point, CPEUSC Charlotte Elizabeth 34-27-159N-100W-MBH,
39197, conf, CLR, Boe State 6-16H,
30860, conf, BR, Rollacleetwood 11-27MBH ULW,

Friday, March 24, 2023: 77 for the month: 239 for the quarter, 239 for the year
39198, conf, CLR, Boe State 7-16H,

Thursday, March 23, 2023: 76 for the month: 238 for the quarter, 238 for the year
39107, conf, Kraken, Rose 16-21 4H,

Wednesday, March 22, 2023: 75 for the month: 237 for the quarter, 237 for the year
39165, conf, CLR, Micahlucas 14-5HSL1,
39106, conf, Kraken, Rose 16-21 3H,
38442, conf, Hess, EN-Sable-157-93-3534H-3,

Tuesday, March 21, 2023: 72 for the month; 234 for the quarter, 234 for the year
39161, conf, Resonance Exploration, Resonance Siverston 4-26H,
39105, conf, Kraken, Rose 16-21 2H,
38648, conf, Neptune Operating, Heen S 152-104-5-17-1H,
38443, conf, Hess, EN-Sable-157-93-3534H-2,
37645, conf, BR, Tailgunner 2A TFH,

Monday, March 20, 2023: 67 for the month; 229 for the quarter, 229 for the year
39164, conf, CLR, Micahlucas 13-5HSL,
38654, conf, Oasis, Ramirez 5196 42-32 4B,
38321, conf, Whiting, Braaflat 11-11HU,
37646, conf, BR, Tailgunner 1B MBH,

Sunday, March 19, 2023: 63 for the month; 225 for the quarter, 225 for the year
39163, conf, CLR, Micahlucas 12-5H1,
38841, conf, Neptune Operating, Heen S 152-104-5-17-2H,
37647, conf, BR, Tailgunner 2C TFH,
37569, conf, Iron Oil Operating, Antelope 3-31-30H,

Saturday, March 18, 2023: 59 for the month; 221 for the quarter, 221 for the year
39162, conf, CLR, Micahlucas 11-5H,
38655, conf, Oasis, Ramirez 5196 42-32 3B,
37648, conf, BR, Tailgunner 2D MBH,
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