Focus On Fracking -- Pending -- May 14, 2023

Locator: 44647B.

Link to May 15, 2023, edition.

$20 Billion -- 20 Minutes Ago -- OKE-MMP -- May 14, 2023

Locator: 44646B.

From The WSJ:

As of Friday, the companies’ combined stock-market value of nearly $40 billion exceeded that of large U.S. competitors Energy Transfer, Kinder Morgan, and Williams Cos.

Among operators based in the U.S., only Enterprise Products Partners was valued at a higher amount, at $56.4 billion. Canadian rivals Enbridge and TC Energy were also worth more.

Magellan owns almost 10,000 miles of pipelines carrying refined products, such as gasoline, with dozens of interconnected storage facilities in Texas and Oklahoma through the Midwestern U.S. to North Dakota.

It also owns marine storage facilities in the Houston area and Corpus Christi, Texas.

Oneok has a vast network of natural gas liquids pipelines, storage terminals and natural gas pipelines in many of the same regions in the Midwestern U.S., particularly in its home state of Oklahoma and in Texas.

Oneok expects it will be able to generate $1 billion of free cash flow in the first four years after the transaction closes.

From Reuters. Link below.

Magellan's market cap at close, last trading day: $11 billion.

From the Reuters link:

May 14 (Reuters) - ONEOK Inc agreed on Sunday to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 billion including debt, bringing natural gas-focused ONEOK into transporting refined products and oil

ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit, representing a premium of 22% based on Magellan shares' closing price on May 12. The buyer will also assume Magellan's $5 billion debt pile.

A twitter thread.

Another twitter link from same source: 

Map.

Link here. 

Compare the share price of OKE on Friday, especially going into the close, with the share price of OKE for the past five days, one month, one year, max. 

This is huge.

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.

Futility -- May 14, 2023

Locator: 44645CO2.

Link here. 

A Picture Worth A Thousand Words -- May 14, 2023

Locator: 44644AAPL.

Link here. 

Literally, every Russell 2000 index investor has a vested interest in Apple succeeding.

Take the market cap of every company listed on the Russell 2000 and then compare that sum to Apple's market cap -- assuming I understand the tweet.

Lego Update -- May 14, 2023

Locator: 44643LEGO.

Link here. Set #42157, John Deere 948L-II Skidder becomes available. On my calendar.

Link here.

Link here.

Lego: date not provided but URL suggests this was posted 4-1-22. It's now possible to determine "expiration" dates.

In the future, Lego may post them on the box without any need for an app. Also, discussion why Lego would institute a "best built by" date. The "retirement date" and the "best built by" date, I assume are significantly different. We have Lego pieces that are easily 50 years old and have noted no deterioration in quality

Lego: posts regular updates on sets expiring soon. Clever, clever marketing. The "little freebies" will become huge collectors' items but one can only get them from Lego by doing one thing.

Lego: expiring in 2023. January, 2023, update. April, 2023, update.

Lego: Reddit. Through December 31, 2026, but not a complete list.

Lego: this may be the best list though the ads will drive you nuts and the link may already be posted. The site is nice because it includes comments, Q&A. For me, most concerning are the Technic sets that will retire at the end of 2023. Sixteen sets will retire on December 31, 2023. I have several, including a few duplicates, but there may be one or two more that I will order. Here is the list:

• 42115 Lamborghini Sián FKP 37
• 42125 Ferrari 488 GTE AF Corse
• 42127 The Batman – Batmobile 
• 42128 Heavy-duty Tow Truck
• 42129 4×4 Mercedes-Benz Zetros Trial Truck 
• 42131 App-controlled CAT d11 Bulldozer 
• 42132 Chopper 
• 42133 Telehandler 
• 42134 Monster Jam Megalodon 
• 42135 Monster Jam El Toro Loco 
• 42136 John Deere 9620R 4WD Tractor 
• 42137 Formula E Porsche 99X Electric 
• 42138 Ford Mustang Shelby GT500 
• 42139 All-Terrain Vehicle 
• 42141 McLaren Formula 1 Race Car 
• 88015 Battery Box

Lego: I inventory and track everything I buy / acquire of this nature. The only exception: Lego. I don't know why I never inventoried my Lego purchases. Sets I bought since March 3, 2020, have never been opened with the exception those sets that Sophia and I have acquired for her. The majority of sets that I have bought from Lego or Amazon since March 3, 2020, have never even been removed from the cardboard shipping box so unless I notated the set number on the outside shipping box, I have no idea what set is in the box. 

**************************
The Book Page

Locator: 44640SCI.  

One of several books I am reading, still from my winter reading program:

• The Mind of a Bee, Lars Chittka, c. 2022. Princeton University Press. A scientific treatise. 

Chapter 3 begins with a quote regarding the complex organs of sense (sight, sound, touch) among non-human animals. The quote is by John Lubbock. The author, Lars Chhittka, writes:

If Britons today recognize the name John Lubbock at all, it is mostly becauuse he was the father of "bank holidays" -- official holidays on which banks and other businesses are closed

In addition to traditional holidays such as Christmas and Easter, the parliamentarian and banker Lubbock introduced several new ones clustered in the spring and summer months. This was because he was also a keen entomologist who lamented that his "parliamentary duties ... have absorbed most off my time just at the season of year when these insects can be most profitably studied."

Of all the ways politicians could use their powers to serve themselves and their public at the same time, letting an entire nation off work so one could study insects is surely the most wonderful.

These are the UK bank holidays:

Whiting To Report Two Nice Sanish Wells This Next Week -- May 14, 2023

Locator: 44642B.  

After a string of disappointing wells in the Sanish, Whiting will report two nice Sanish wells this next week.

I think I know why but I'm not going to say anything. I don't need landmen laughing at me any more than they already are.

The wells:

• 38628, conf, Whiting, Kannianen Federal 11-4HU, Sanish, Kannianen wells tracked here;
  

Date	Oil Runs	MCF Sold
3-2023	30317	21498
2-2023	31062	22757
1-2023	30956	27110
12-2022	27754	22811

• 38854, conf, Whiting, Littlefield 11-21HU, Sanish,

Date	Oil Runs	MCF Sold
3-2023	28519	23913
2-2023	27493	23213
1-2023	25880	20948
12-2022	1154	727
11-2022	0	21

Initial Production Data For Wells Coming Off Confidential List This Next Week -- May 14, 2023

Locator: 44641B.  

The wells:

• 39238, conf, CLR, Skachenko FUI 4-31HSL, Jim Creek, no production data,
• 38969, conf,  Hess, GO-Aslakson-156-97-2734H-4, Dollar Joe,

Date	Oil Runs	MCF Sold
3-2023	16000	45649
2-2023	16806	43262
1-2023	18820	43380
12-2022	15867	28769

• 38943, conf,  Iron Oil Operating, Antelope 4-32-29H, Sather Lake,

Date	Oil Runs	MCF Sold
3-2023	13001	12509
2-2023	13999	0
1-2023	15607	13890
12-2022	10470	11245
11-2022	1685	0

• 37848, conf, Slawson, Genesis 3-13H, Big Bend, no production data,
• 37850, conf, Slawson, Genekat Federal 6-13-12TFH, Big Bend, no production data,
• 37849, conf, Slawson, Loon Federal 3-24-35H, Big Bend, no production data,
• 38854, conf, Whiting, Littlefield 11-21HU, Sanish,

Date	Oil Runs	MCF Sold
3-2023	28519	23913
2-2023	27493	23213
1-2023	25880	20948
12-2022	1154	727
11-2022	0	21

• 37851, conf, Slawson, Loon Federal 6-24-25TFH, Big Bend, no production data,
• 38970, conf, Hess, GO-Aslakson-156-97-2734H-3, Dollar Joe,

Date	Oil Runs	MCF Sold
3-2023	15702	44001
2-2023	17162	44440
1-2023	16073	41297
12-2022	19166	51709
11-2022	16658	28599

• 37852, conf, Slawson, Loon Federal 7-24-25TFH, Big Bend, no production data,
• 39287, conf, CLR, Smouse 9-28H, West Capa, no production data,
• 37853, conf, Slawson, Genekat Federal 7-13-12TFH, Big Bend, no production data,
• 39286, conf, CLR, Smouse 8-28H, West Capa, no production data,
• 39216, conf, SOGC (Sinclair), Grasslands Federal 14-15-4H, Lone Butte, no production data,
• 39182, conf, Ragnar, Danneskjold 1-21H, Fryburg,

Date	Oil Runs	MCF Sold
3-2023	7088	0
2-2023	7866	0
1-2023	247	0

• 38628, conf, Whiting, Kannianen Federal 11-4HU, Sanish, Kannianen wells tracked here;
  

Date	Oil Runs	MCF Sold
3-2023	30317	21498
2-2023	31062	22757
1-2023	30956	27110
12-2022	27754	22811

• 39276, conf, Kraken, Sumner 12-13-24 6H, Ellisville, no production data,
• 38971, conf, Hess, GO-Aslakson-156-97-2734H-2, Dollar Joe,

Date	Oil Runs	MCF Sold
3-2023	21300	73147
2-2023	22630	56813
1-2023	22665	58531
12-2022	25312	55772
11-2022	23109	36046

• 39285, conf, CLR, Smouse 7-28H West Capa, no production data,
• 39275, conf, Kraken, Sumner 12-13-24 5H, Ellisville, no production data,
• 35019, conf, BR, Lillibridge 1B TFH, Blue Buttes, no production data,
• 39284, conf, CLR, Smouse 6-28H, West Capa, no production data,
• 39274, conf, Kraken, Sumner 12-13-24 4H, Ellisville, no production data,
• 37184, conf, Zavanna, Edgar 10-3 2TFH, Poe,

Date	Oil Runs	MCF Sold
3-2023	8768	14918
2-2023	3714	5996
1-2023	4040	12572
12-2022	6408	9499
11-2022	5724	6355

• 39273, conf, Kraken, Sumner 1-36-25 3H, Burg, no production data,
• 37179, conf, Hess, EN-Davenport-156-94-1003H-8, Big Butte, Davenport wells tracked here;
  

Date	Oil Runs	MCF Sold
3-2023	22668	39739
2-2023	26448	35198
1-2023	28923	27965
12-2022	32225	28201
11-2022	35535	23417

• 39272, conf, Kraken, Sumner 1-36-25 2H, Burg, no production data,

Wells Coming Off Confidential List This Next Week -- May 14, 2023

Locator: 44641B.  

Wednesday, May 24, 2023: 41 for the month; 93 for the quarter, 348 for the year
39238, conf, CLR, Skachenko FUI 4-31HSL,
38969, conf,  Hess, GO-Aslakson-156-97-2734H-4,
38943, conf,  Iron Oil Operating, Antelope 4-32-29H,
37848, conf, Slawson, Genesis 3-13H,

Tuesday, May 23, 2023: 37 for the month; 89 for the quarter, 344 for the year
37850, conf, Slawson, Genekat Federal 6-13-12TFH,
37849, conf, Slawson, Loon Federal 3-24-35H,

Monday, May 22, 2023: 35 for the month; 87 for the quarter, 342 for the year
38854, conf, Whiting, Littlefield 11-21HU,
37851, conf, Slawson, Loon Federal 6-24-25TFH,

Sunday, May 21, 2023: 33 for the month; 85 for the quarter, 340 for the year
38970, conf, Hess, GO-Aslakson-156-97-2734H-3,
37852, conf, Slawson, Loon Federal 7-24-25TFH,

Saturday, May 20, 2023: 31 for the month; 83 for the quarter, 338 for the year
39287, conf, CLR, Smouse 9-28H,

Friday, May 19, 2023: 30 for the month; 82 for the quarter, 337 for the year
37853, conf, Slawson, Genekat Federal 7-13-12TFH,

Thursday, May 18, 2023: 29 for the month; 81 for the quarter, 336 for the year
39286, conf, CLR, Smouse 8-28H,
39216, conf, SOGC (Sinclair), Grasslands Federal 14-15-4H
39182, conf, Ragnar, Danneskjold 1-21H,
38628, conf, Whiting, Kannianen Federal 11-4HU,

Wednesday, May 17, 2023: 25 for the month; 77 for the quarter, 332 for the year
39276, conf, Kraken, Sumner 12-13-24 6H,
38971, conf, Hess, GO-Aslakson-156-97-2734H-2,

Tuesday, May 16, 2023: 23 for the month; 75 for the quarter, 330 for the year
39285, conf, CLR, Smouse 7-28H,
39275, conf, Kraken, Sumner 12-13-24 5H,
35019, conf, BR, Lillibridge 1B TFH,

Monday, May 15, 2023: 20 for the month; 72 for the quarter, 327 for the year
39284, conf, CLR, Smouse 6-28H,
39274, conf, Kraken, Sumner 12-13-24 4H,
37184, conf, Zavanna, Edgar 10-3 2TFH,

Sunday, May 14, 2023: 17 for the month; 69 for the quarter, 324 for the year
39273, conf, Kraken, Sumner 1-36-25 3H,
37179, conf, Hess, EN-Davenport-156-94-1003H-8,

Saturday, May 13, 202: 15 for the month; 67 for the quarter, 322 for the year  
39272, conf, Kraken, Sumner 1-36-25 2H,