Dashboards Posted -- Data For August, 2023

Locator: 45460B.

Compare the Bakken with the Permian, and not the gassiness of the Eagle Ford.

EIA dashboards:

• EIA pdf, Bakken: https://www.eia.gov/petroleum/drilling/pdf/bakken.pdf
• EIA, pdf, Permian: https://www.eia.gov/petroleum/drilling/pdf/permian.pdf
• EIA, pdf, Eagle Ford: https://www.eia.gov/petroleum/drilling/pdf/eagleford.pdf

Summit Carbon With Two New Permits; Six Permits Renewed; Two DUCs Reported As Completed -- August 14, 2023

Locator: 45459B.

Active rigs: 41.

WTI: $82.51.

Two new non-oil-and-gas permits, #40124 - $40125, inclusive:

• Operator: Summit Carbon Storage
• Field: wildcat (Mercer County)
• Comments: 
• BK Fischer 1 and 2 NENE 22-142-88, 
• to be sited 1035 FNL; with one at 458 FEL and the other at 358 FEL

Six permits renewed:

• XTO (4): four Bully Federal permits; Bear Den, McKenzie County
• Grayson Mill (2): one Greenstein and one Dale, McKenzie County

Two producing wells (DUCs) reported as completed:

• 39533, conf, Grayson Mill, Charles 3-10 5H,
• 37841, conf, Lime Rock Resources III-A, State B 3-25-36H-143-97;

NVDA Having A Nice Day -- August 14, 2023

Locator: 45458TECH.

Updates

After-hours: up another $5 / share -- 

Original Post

Link here.

Holy mackerel! I was afraid to look, but something came up that required that I check in on the market today.

I am surprised no one seems to have noticed this:

Last week when all the doomsayers were saying NVDA was overpriced and the widening split between China and the US because of the Biden policy .... I took advantage of that, borrowed some money, and bought more NVDA. LOL.

The borrowed money came from next month's dividends. LOL. Some would say borrowing money from next month's dividends is buying on margin. Not me. Whatever.

But last week, then today, the last five days:

Today:

Five days:

Based on what I'm reading, a lot of analysts are content with 4.5% bonds. I'm not.

Even TSM and AAPL are up a bit today.

If "oil" had been up today, it would have been a great day.

CPUs, GPUs, Cores, Threads -- Part Four -- August 14, 2023

Locator: 45457TECH.

Tech: CPUs, GPUS, cores, threads and all that jazz --

• part one: link here.
• part two: link here.
• part three: link here.

And, now today, part four.

It's pretty clear that the M2 was a transitional chip, combining two M1 chips side-by-side. It is / was amazing to see how fast AAPL moved from M1 to M3. I assume the M2 chip will simply disappear. 

Chips, semiconductor: link here.

• Home page for tech: link here.
• The cloud: link here.  
• Streaming: link here. Streaming wars.
• Spatial computing: link here.

Economy And Other Notes -- August 14, 2023

Locator: 45456ECON.

Updates

Church of Mormon's top ten holdings: link here. Tech (5), oil, bank, healthcare. An incredibly interesting portfolio -- divinely inspired. 

First note regarding BRK's SEC form 13F filing: link here.

• bough moret: BRK, OXY
• bought, new holdings: three homebuilders, especially, Lennar
• perhaps sold a bit: CVX; perhaps offset additional OXY;
• more here;

Original Post

Pending: BRK's SEC Formm 13F filing. Pending. Link here for recent filings.

Tag: my favorite chart. 

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Americans Are Broke

Tell me again Americans are broke, part 2.  The Wall Street Journal. Yes, The WSJ.

• Miami's mania: soccer ticket prices soar; bars are packed. Probably not Bud Lite.

Here was part 1. 

***********************

Coal Miners: By Now You Could Be Coding

Link here to The WSJ. 

Hey, maybe all that talk about an AI bubble isn't being hyped. Same link in case you skipped the time.

Netflix, Walmart paying $900,000 -- for coders -- not so much for "greeters." So easy, a cave man can do it. (With AI.) Same link in case you skipped the first two times.

**********************

Real Estate

Wow, wow, wow -- now this is a buy. My hunch: it's worth a lot more than its posted selling price.

Now, this is a classy -- and classic -- house.

Link here to The WSJ. 

Can you imagine selling this house and moving out to Hollywood? 

**********************

Retiring On One Million Dollars

Another such article, but one of the few that actually seems "honest." 

Link here.

 

*************************
Just In Time
For Those Celebrating A Birthday Today

Link here.

**************************

Programming Note

I'm going to stop here for awhile. I have a big piece on "chips" coming up.

Liz Sonders: Her Best Three Today -- August 14, 2023

Locator: 45455ECON.

Liz Sonders -- the links today:

• large household durable items -- data consistent "with when recessions have ended."
• components of CPI "continue to see plunge in price growth -- through July, average y/y change in utility costs, gasoline, groceries, and electricity was a negative 6.7% and a negative 8.8% prior;
• wage growth for the 16 - 24-y/o crowd is rolling over sharply, dropping like a vaping device.

Graphs: I've given up on Liz Sonders' graphics. Won't post them. Go to the links at your own risk.

Vaping: I'm in the pool two or three times daily, and the vice of choice -- some beer, mostly vaping among the 18 - 24-y/o women. Men? Modelo.

Best ad ever: hope it never goes away. I watch the Palm Springs / Frank Sinatra documentary several times a year. What a great era.

Nikola shares plummeting: no links -- links everywhere. Nikola recalling "all" trucks it ever delivered and has put a "suspend" on new sales. Nikola: nothing to see here. It's just the EV batteries on fire; the hydrogen line is doing great. Hey, wasn't that Maui fire a scorcher?

GS AI ad: link here. Yes, this is a link to an ad.

Hunter: not fair! The prosecutors reneged on his plea bargain. Now he knows how his illegitimate child feels. No link; not worth the effort.

Can't trust the media? Bookmark Al Jazeere, France 24, The WSJ, Bloomberg, Straight Arrow News, and local stations. -- Peter Zeihan.

Six Wells From Confidential List To Be Reported Today -- WTI Slides Again -- It's Monday -- Happy Birthday, Steve Martin -- August 14, 2023

Locator: 45454B.

WTI: $82.29. What did you expect? It's Monday. Down almost a buck.

Tuesday, August 15, 2023: 25 for the month; 227 for the quarter, 482 for the year
37878, conf, BR, Rink 1-1-5MBH,

Monday, August 14, 2023: 24 for the month; 226 for the quarter, 481 for the year
38945, conf, Hess, BW-Rolfson-151-98-2116H-12, 

Sunday, August 13, 2023: 23 for the month; 225 for the quarter, 480 for the year
39571, conf, Challenger Point Energy, Jacobsen 11-6, 
39491, conf, Kraken, Ricky-Lee LE 18-7-6- 11H, 
38905, conf, Enerplus, MC-Kudrna 144-95-10-3-4HH,

Saturday, August 12, 2023: 20 for the month; 222 for the quarter, 477 for the yea
39492, conf, Kraken, Anseth LW 20-29-32-12H, 
39454, conf, CLR, Edward 2-23HSL1, 

RBN Energy: E&Ps grapple with replacing oil and gas reserves in challenging times.

One of the major shocks of the pandemic was walking into supermarkets to see vast stretches of bare shelves where, for decades, stacks of toilet paper, diapers, infant formula, cooking oil, and even white flour used to magically repopulate overnight. The fix turned out to be relatively easy: Get people back to work and work out the kinks in delivery networks. (Now our only concern is how expensive everything is!) Rebuilding inventories in the oil and gas industry, in contrast, is an ever-present concern, longer-term in nature and more complicated, involving a wide range of variables and uncertainties. In today’s RBN blog, we examine the challenges that exploration and production (E&P) companies face in their efforts to more efficiently and cost effectively replace their oil and gas reserves — and we highlight some early warnings signs of potential future inventory issues.