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Thursday, September 21, 2023

MMP -- ONEOK -- End Of An Era -- September 21, 2023

Locator: 45534OKE.

It's called a merger but ONEOK bought MMP (?). Trading begins September 25, 2023.

Link here

Link here.



From earlier this year when announced:

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Dividend History



Reminder: Football Tonight -- September 21, 2023

Locator: 45533NFL. 

Reminder: NFL TNF. Amazon Prime Video. Giants vs 49ers. 7:15 central time.

Beer: while shopping in Market Street yesterday, after getting our Covid-19 shots, I checked out the beer aisle. A toast to Leona Woods.

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Leona Woods

From wiki:

Leona Harriet Woods (August 9, 1919 – November 10, 1986), later known as Leona Woods Marshall and Leona Woods Marshall Libby, was an American physicist who helped build the first nuclear reactor and the first atomic bomb.

At age 23, she was the youngest and only female member of the team which built and experimented with the world's first nuclear reactor (then called a pile), Chicago Pile-1, in a project led by her mentor Enrico Fermi.
In particular, Woods was instrumental in the construction and then utilization of geiger counters for analysis during experimentation.
She was the only woman present when the reactor went critical. She worked with Fermi on the Manhattan Project, and she subsequently helped evaluate the cross section of xenon, which had poisoned the first Hanford production reactor when it began operation.

After the war, she became a fellow at Fermi's Institute for Nuclear Studies at the University of Chicago. She later worked at the Institute for Advanced Study in Princeton, New Jersey, the Brookhaven National Laboratory, and New York University, where she became a professor in 1962. Her research involved high-energy physics, astrophysics and cosmology.
In 1966 she divorced John Marshall and married Nobel laureate Willard Libby. She became a professor at the University of Colorado, and a staff member at RAND Corporation. 
In later life she became interested in ecological and environmental issues, and she devised a method of using the isotope ratios in tree rings to study climate change. She was a strong advocate of food irradiation as a means of killing harmful bacteria.

Government Shutdown -- Set For Midnight, September 30, 2023

Locator: 45532S/D.

Shut down:

Link here.

In general, "seniors" unaffected for major sources of compensation but each shutdown is different.

Are "seniors" the largest bloc of voters?

Tech Updates -- September 21, 2023

Locator: 45531TECH. 

Apple iPhone 15 orders: wait time for high-priced / high-end iPhone 15's is greater than the wait time for lower-priced / last year's iPhone 14. Link here. Direct to Barron's here. Positive signs for "15" demand.

Cisco / Splunk: Cisco's biggest acquisition to date. Link here.


Tech acquisitions, link here:

Ukraine poll, link here:

  • support Mike Lee, support Putin, support dictatorship, support violation of borders: 46%
  • support Biden, support US military, support the Pentagon, support Europe, support freedom: 54%

Three New Permits; Three Permits Renewed; Three DUCs Reported As Completed -- September 21, 2023

Locator: 45530B. 

Archived: both the UK and Brazil have signaled they will push-back net-zero emission plans by five years.  Reported in various places over the past couple of weeks.

LNG expansion: Sempra secures FERC approval for Port Arthur LNG expansion. 

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Back to the Bakken

WTI: $89.73.

Active rigs: 32.

Three new permits, #40218 - #40220, inclusive:

  • Operators: Hunt (2); Liberty Resources
  • Fields: Werner (Dunn County); Cottonwood (Mountrail)
  • Comments:
    • Hunt has permits for two Halliday wells, NWNE 24-146-93; 
      • one to be sited 200 FNL and 1720 FEL; 
      • the other to be sited 200 FNL and 1690 fEL
    • Liberty Resources has a permit for a NM well, lot 3, section 18-158-92, 
      • to be sited 348 FNL and 521 FWL

Three permits renewed:

  • XTO: three permits, two in Lost Bridge, Dunn County, Carus State Federal (2); and the third, an Edwards Trust Federal, in Haystack oil field, McKenzie County

Three producing wells (DUCs) reported as completed:

  • 31210, 178, BR,Gladstone 8-1-13MBH,
  • 31258, 102 , BR, Gladstone 8-1-13MBH,
  • 39091, 1,215, CLR, Colette 3-18H,

Covid Vaccine -- Available Now -- Huge Thanks To Former President -- September 21, 2023

Locator: 45529COVID. 

Updates

September 22, 2023: recent Covid spike already easing. Link here.

Later, 6:05 p.m. CT: shortages and insurance problems for some. Links everywhere; here's one link. None for us. Vaccine available and insuuance covered it. What a great country.

Original Post 

We'll do this week's stats later, but for now a big "thank you" to Donald Trump and WarpSpeed. Donald Trump cut through a lot of red tape to rush the original vaccines to market.

Under the Biden administration we would still be waiting. LOL. 

This time around, it is expected that about 25% of Americans will get the "new" vaccine. The rest will be sold overseas where the "take" will approach 100% where offered. Needs to be fact-checked.

Thursday Night Football. Whoo-hoo. Giants and 49ers.

If anything, numbers are down a bit:

Hurricane To Hit Boston This Weekend -- Weather Channel -- September 21, 2023

Locator: 45528HURRICANE.

Number “Sixteen” to be either “Ophelia” or “Phillipe.”

Good discussion here.

Link here. A dynamic link.

Mainstream media outlets and Weather channels reporting.

Wow, are they trying to get a lot of mileage out of Nigel. LOL.

They're all predicting a huge Nigel storm in New England this weekend.

Current winds:


Yeah, that's a tropical storm a gazillion miles offshore. Whatever.

Is Daimler Dominant In Southern California? September 21, 2023

Locator: 45527CA.

Link here.

The second question: registration.

I know when I register my POVs each year in Texas, it's the VIN, not the "engine number."

One wonders if that is the way it works with all classes of vehicles, including commercial tractors.

I think folks know where I'm going with this.

When we lived in Turkey, both the VIN and the "engine number" were recorded by "Turkish Customs" for the purpose of beyanname.

If the engine did not come with an engine number (highly unlikely), Turkish Customs would provide you with a number. LOL.

The Fed -- The WSJ -- A Nice Note -- September 21, 2023

Locator: 45526ECON.

Link here.

Federal Reserve policy makers on Wednesday held to their target range on rates—no surprise there. If there was a surprise, it was how little they expect to cut rates next year. 

Updated projections showed that most policy makers still expect to raise rates again in 2023, though with less conviction than before. Whereas, following their June meeting, a few officials anticipated raising rates by more than a quarter point above the current level, now none do. And seven of 19 officials don’t expect to raise rates again at all.

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Follow-Through

How many saw this coming? By the end of the month, it will be worse. Link here.
 
It's not how you start a race, it's how you finish. You may not want to enter all races.
 

Two Tech Notes -- September 21, 2023

Locator: 45525APPLE.

Apple iPhone benchmarks, link here.

  • for years to come:


Intel vs Nvidia -- INTC  NVDA, link here.

Nice Halo Effect: #18693 -- MRO In Reunion Bay -- September 21, 2023

Locator: 45524B.

The well, back in 2021:

  • 18693, 560, MRO, Betty Shobe USA 41-9H, Reunion Bay, t9/10; cum 424K 7/23; production jump back in 2021:
BAKKEN6-202130407640532627472244720
BAKKEN5-202131512451183713502747220
BAKKEN4-2021306037596439915020461255
BAKKEN3-202119295629762158118299322
BAKKEN2-20212853965375379110137140
BAKKEN1-2021263894385328406944780
BAKKEN12-20200000000
BAKKEN11-20200000000
BAKKEN10-20200000000
BAKKEN9-20200000000
BAKKEN8-20200000000
BAKKEN7-20200000000
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-20200000000
BAKKEN3-20202513591758693152701303
BAKKEN2-2020516001301800153
BAKKEN1-20200000000
BAKKEN12-20190000000
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-20190000000
BAKKEN3-20190000000
BAKKEN2-20190000000
BAKKEN1-20191673676523079830640
BAKKEN12-2018311561150847718271228323
BAKKEN11-2018301508143656117601346230
BAKKEN10-2018311507159947418001214396
BAKKEN9-201830155615424491895161794
BAKKEN8-201831164016005052001171596

Small Halo Effect: #25275 -- MRO In Killdeer -- September 21, 2023

Locator: 45523B.

The well:

  • 25275, 2,328, MRO, Betty Fettig 21-27H, Killdeer, t11/13; cum 320K 7/23; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-2023312013197616802363202512
BAKKEN6-2023302069216617832435209118
BAKKEN5-202331242424322072265823100
BAKKEN4-202330210624542029205217280
BAKKEN3-202331232620632163202816840
BAKKEN2-20232114981537178110648430
BAKKEN1-202331228920612733164313016
BAKKEN12-2022312056183635671362864172
BAKKEN11-202223470332280441117589
BAKKEN10-20220000000
BAKKEN9-20220000000
BAKKEN8-20220000000
BAKKEN7-20220000000
BAKKEN6-20220000000
BAKKEN5-20220000000
BAKKEN4-20220000000
BAKKEN3-20220000000
BAKKEN2-20220000000
BAKKEN1-20220000000
BAKKEN12-20210000000
BAKKEN11-20210000000
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-20210000000
BAKKEN7-2021001260000
BAKKEN6-202110298471500394182139
BAKKEN5-2021311517157723251713690736
BAKKEN4-2021301497140524601749745725
BAKKEN3-2021311470141926131724682758
BAKKEN2-2021281230122321551433544639
BAKKEN1-2021311423136521691674659734
BAKKEN12-2020311320119726301561611679

Small Halo Effect: #20907 -- Grayson Mill In Alger -- September 21, 2023

Locator: 45522B.

The well:

  • 20907, 1,430, Grayson Mill, Barstad 23-14 1H, Alger, F, t12/11; cum 341K 7/23; recent production; NDIC says still F;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-2023311251134223401055610299133
BAKKEN6-202330128611252510103061016818
BAKKEN5-202331157515763401909189616
BAKKEN4-2023301398138829146393622449
BAKKEN3-2023193640605920604240
BAKKEN2-202321722771578366
BAKKEN1-20234130450339712489207
BAKKEN12-202227620237212728012198495
BAKKEN11-20221711623701161974119
BAKKEN10-2022272032423651999195421
BAKKEN9-2022302012298001778170913
BAKKEN8-2022282222254521452927525
BAKKEN7-20221393013855654313
BAKKEN6-202214107230184840567237
BAKKEN5-2022131031148785532217
BAKKEN4-2022431203301989587
BAKKEN3-2022978083750483239
BAKKEN2-2022742074335205118
BAKKEN1-2022865015433829222
BAKKEN12-20219671971103323040
BAKKEN11-202130182234450118710670
BAKKEN10-2021312062304961268113311
BAKKEN9-2021301870412129511687
BAKKEN8-202131188227318115510310

Small Halo Effect: #26728 -- MRO In Killdeer -- September 21, 2023

Locator: 45521B.

The well:

  • 26728, 1,276, MRO, Walter 11-2TFH, Killdeer, t4/14; cum 201K 7/23; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-2023311226112825651401106341
BAKKEN6-202319808904179787567119
BAKKEN5-2023311291126731011462969186
BAKKEN4-202330134714003294155912530
BAKKEN3-2023311534152435301691132244
BAKKEN2-20232814861454323315961030259
BAKKEN1-2023311471141332971265139807
BAKKEN12-2022311620157038971528111982
BAKKEN11-202230131412863226120086631
BAKKEN10-202231130012813350119383845
BAKKEN9-20223012261164318710978012
BAKKEN8-2022311038881268688155044
BAKKEN7-202210275226131522212120
BAKKEN6-20220000000
BAKKEN5-20220010000
BAKKEN4-202200120000
BAKKEN3-202200270000
BAKKEN2-202200620000
BAKKEN1-2022001450000
BAKKEN12-202129726751202664335256
BAKKEN11-202130796748233171241642
BAKKEN10-20213183784126817404698
BAKKEN9-202130843876254077146747
BAKKEN8-202131906862258478951034