Family Soccer -- Nothing About The Bakken -- March 31, 2023

Middle granddaughter Olivia. Lives and breathes soccer, as well as almost everything else.

Junior in high school. Every one of her classes is AP.

Plays soccer for high school women's soccer team. One of three captains of the team. Captains are usually seniors. 

She also plays for a Dallas club team.

Anyway, Texas high school soccer is now in their championship season.

About a week ago, they won "district," the sixteenth consecutive district championship for this team. The coach thought this year would be the first year in sixteen years that the team would not come out of district.

They "won" district.

I'm out of the loop. I don't know where they are with regard to "regional" but I know they won their first two games earlier this week. I was told that the game tonight -- the third "regional" game was "make or break" and it was against the #1 "regional” team.

Long story short, Olivia's team won 3 - 2 in overtime. Whoo-hoo.

So, I don't know if they won "regional" or if they still have another game to play which they must win to go to "state." 

I don't think the girls really care if they won "regional" or not; they simply show up at the next scheduled game and play to win. Brackets? I don't think they know. They just play to win. 

I don't know when / where their next game is but a photographer has some incredible photos of the second game and has posted them on Flickr. I'll post a few of those photos over the next few days. 

Unfortunately I don't think I will be able to upload the "header" videos which the team has perfected. 

In the photo below, note the pink "band" around the stocking just below the knee -- you can't see it but there's a huge "C" on that pink band designating Olivia as a captain.

The CLR North Tarentaise Federal Wells -- Elm Tree

Locator: 10010CLRNTF.

Updates

November 17, 2023: see this note. The fly in this ointment: according to the application, the spacing unit for this well is an overlapping 3840-acre unit, sections 6, 5, 8, 7, 18, 19. So, let's post the company's planning diagram for this well (and pad). Posted here.

November 17, 2023: I wonder if I didn’t misread the DAR incorrectly. We’ll know shortly. But it looks like I had the surface sites and bottom hole locations reversed in the narrative and in the map below. If so, these are going to be short laterals; 640-acre spacing, to be sited in section 19, with long directionals running north into NENW section 18. I’m not going to re-draw the map now; if I’m correct now, simply see the “blue oval” in the map below as the bottom hole locations with surface holes in the section to the south.

Original Post

Seven new permits, #39772 - #39778, inclusive:

• Operator: CLR
• Field: Elm Tree (McKenzie)
• Comments: 
• CLR has permits for seven North Tarentaise Federal wells in SENW 19-153-94; lot 1, section 18-153-94; NENW 19-153-94; NWNE 18-153-94; NENE 18-153-94; 
• all to be sited 1650 FNL and between 2286 FWL and 2094 FWL;
• still on confidential, not exactly sure where the horizontals will run  
• the way the wells will be sited suggests they will originate in section 18 and then run south into section 19; 
• if they run north, they would go into Petro-Hunt's Phelps Bay play
• if they run three sections south, they would run into Hess' Antelope play, suggesting that that these will 1280-arcre spacing, running to the south, but they are certainly sited too far south to leave some oil stranded to the north in section 18.
• the "south" Tarentaise wells run west - east, so ... who knows?
  
• map:
  

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Tarentaise Cattle

 Perfect for the Killdeer Mountains in North Dakota.

Week 13: March 26, 2023 -- April 1, 2023

Top story:

• Joe Biden is still president
• Former president indicted; will appear in court Tuesday, April 4, 2023.
  

Top international non-energy story:

• Russian-Ukraine war continues

Top international energy story: 

• 
  

Top national non-energy story:

• Banking debacle seems to have run its course.
  

Top national energy story: 

• 
  

Javier Blas:

• 
  

Focus on fracking: most recent edition.

Top North Dakota non-energy story:

• 
  

Top North Dakota energy story:

• 
  

Geoff Simon's top North Dakota energy stories:

• Quick connects.
  

Bakken economy:

Commentary:

Entertainment:

 

Fantasy Land -- US Equities -- March 31, 2023

Cup half empty: we are on the cusp of another financial crisis -- Peter Schiff. Sell everything! Link here.

Cup half full: First Citizens BancShares (aka National Silicon Valley), Link here.

Me: I seldom read ZeroHedge. So there's that.

What am I reading today? Disney's Land: Walt Disney and the Invention of the Amusement Park That Changed The World, Richard Snow, c. 2019.

Also: Window on Main Street: 35 Years of Creating Happiness at Disneyland Park, Van Arsdale France, c. 2015, at Amazon. Just ordered it, sight unseen.

WTI Advances -- March 31, 2023

Active rigs: 45.

WTI: $75.67.

Natural gas: $2.216.

Seven new permits, #39772 - #39778, inclusive:

• Operator: CLR
• Field: Elm Tree (McKenzie)
• Comments: 
• CLR has permits for seven North Tarentaise Federal wells in SENW 19-153-94; lot 1, section 18-153-94; NENW 19-153-94; NWNE 18-153-94; NENE 18-153-94; 
• all to be sited 1650 FNL and between 2286 FWL and 2094 FWL;
• still on confidential, not exactly sure where the horizontals will run  
• map:
  

GDPNow -- 2.5% -- Inflation Cooling? March 31, 2023

Link here. 

Down from 3.2% -- previous report, March 24, 2023.

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Inflation Cooling 

Link here.

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Stocks Surge -- Last Day Of the First Quarter, 2023

US LNG Exports Hit An All-Time High After Freeport Ramped Up Production -- March 31, 2023

Link here.

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Modern Art

Sophia's project this week.

Her first commission. 

A classmate asked for an original painting from Sophia. 

No Wells Coming Off Confidential List Today; WTI At $75 -- March 31, 2023

First things first! Wes Anderson in theaters, June 16, 2023! Link here.

For the archives: Trump indicted; likely to be arraigned Tuesday next week.

Market, last day of the first quarter, and we're in a recession, so "they" say:

NKLA: shares crash; company needs more cash now. Link here. Down 13% today; trading at $1.22.

EVs: today, all up a bit (except NKLA).

Ford: raises prices again its F-150 Lightning. 

The cheapest of the company’s electric trucks now costs $59,974, marking the latest in a series of price increases since the full-size, battery-powered pickup trucks began rolling off Detroit assembly lines in April of last year. At that time, the starting price was roughly $40,000. By August, it had jumped to $46,974. In October, Ford executives raised it to $51,974, and in December, it increased to $56,000. 

The company has attributed the price increases to the rising costs of raw materials. 

Ford sold 15,600 Lightnings in 2022, and 3,600 through February of this year. The company said it wants to increase output to an annualized rate of about 150,000 vehicles by late this year.

Ford: link here. And, in seven years, a new battery will be needed.

Buffett: the second stock Warren Buffett ever bought, ended FY22 with a 67% profit margin. Link here. 

Apple Pay: banks at war. Hey, wait, when did "everyone" start using Apple Pay?

Exodus: from "large city, USA." Link here. Which two cities did you look at first? 

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Back to the Bakken

Active rigs: 44.

WTI: $74.82.

Natural gas: $2.184.

Monday, April 3, 2023: 6 for the month, 4 for the quarter, 261 for the year
38880, conf, Whiting, Richard Olson 31-1HR,
38879, conf, Whiting, Mariah Olson 31-1HR2,
38691, conf, Ovintiv, Clear Creek Federal 152-97-36-25-12H,
31214, conf, BR, Gladstone 4-1-13TFH,

Sunday, April 2, 2023: 3 for the month: 3 for the quarter, 258 for the year
38848, conf, Enerplus, Pattern 149-93-05A-08H-LL,

Saturday, April 1, 2023: 2 for the month: 2 for the quarter, 257 for the year
38692, conf, Ovintiv, Clear Creek Federal 152-97-36-25-6H,
38543, conf, Whiting, Marlys Olson 31-1H,

Friday, March 31, 2023: 91 for the month: 255 for the quarter, 255 for the year
None. Six months ago, September has only 30 days.

Thursday, March 30, 2023: 91 for the month: 255 for the quarter, 255 for the year
3550, conf (no typo), Empire North Dakota, Waddle-Olson 1,
38864, conf, Liberty Resources, CA S 158-93-21-23-5MBHX,
38762, conf, Whiting, Locken 12-11TFX,

RBN Energy: when price does not matter -- exchange trading, differentials, and the cash roll.

As crude oil exports have become an integral part of US/Canadian trading, the market has evolved to accommodate this profound transformation. But the mechanisms used to price many of the most significant export grades are obscure and little understood outside a small cadre of professional traders and marketers. This is particularly true for the most liquid grades that employ a trading approach known as “exchange trading” or “spread trading,” in which volumes at regional hubs are valued in buy-sell transactions against domestic sweet crude at Cushing. In this context, “exchange trading” does not mean trading on a regulated exchange. Instead, it means trading via an exchange of barrels between buyer and seller. In today's RBN blog, we delve into some of the most complex aspects of this trading mechanism.