The Million Dollar Way (The Bakken Oil Blog): 09/21/23

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.

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:

BAKKEN	6-2021	30	4076	4053	2627	4722	4472	0
BAKKEN	5-2021	31	5124	5118	3713	5027	4722	0
BAKKEN	4-2021	30	6037	5964	3991	5020	4612	55
BAKKEN	3-2021	19	2956	2976	2158	1182	993	22
BAKKEN	2-2021	28	5396	5375	3791	1013	714	0
BAKKEN	1-2021	26	3894	3853	2840	694	478	0
BAKKEN	12-2020	0	0	0	0	0	0	0
BAKKEN	11-2020	0	0	0	0	0	0	0
BAKKEN	10-2020	0	0	0	0	0	0	0
BAKKEN	9-2020	0	0	0	0	0	0	0
BAKKEN	8-2020	0	0	0	0	0	0	0
BAKKEN	7-2020	0	0	0	0	0	0	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	0	0	0	0	0	0	0
BAKKEN	3-2020	25	1359	1758	693	1527	0	1303
BAKKEN	2-2020	5	160	0	130	180	0	153
BAKKEN	1-2020	0	0	0	0	0	0	0
BAKKEN	12-2019	0	0	0	0	0	0	0
BAKKEN	11-2019	0	0	0	0	0	0	0
BAKKEN	10-2019	0	0	0	0	0	0	0
BAKKEN	9-2019	0	0	0	0	0	0	0
BAKKEN	8-2019	0	0	0	0	0	0	0
BAKKEN	7-2019	0	0	0	0	0	0	0
BAKKEN	6-2019	0	0	0	0	0	0	0
BAKKEN	5-2019	0	0	0	0	0	0	0
BAKKEN	4-2019	0	0	0	0	0	0	0
BAKKEN	3-2019	0	0	0	0	0	0	0
BAKKEN	2-2019	0	0	0	0	0	0	0
BAKKEN	1-2019	16	736	765	230	798	30	640
BAKKEN	12-2018	31	1561	1508	477	1827	1228	323
BAKKEN	11-2018	30	1508	1436	561	1760	1346	230
BAKKEN	10-2018	31	1507	1599	474	1800	1214	396
BAKKEN	9-2018	30	1556	1542	449	1895	1617	94
BAKKEN	8-2018	31	1640	1600	505	2001	1715	96

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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2023	31	2013	1976	1680	2363	2025	12
BAKKEN	6-2023	30	2069	2166	1783	2435	2091	18
BAKKEN	5-2023	31	2424	2432	2072	2658	2310	0
BAKKEN	4-2023	30	2106	2454	2029	2052	1728	0
BAKKEN	3-2023	31	2326	2063	2163	2028	1684	0
BAKKEN	2-2023	21	1498	1537	1781	1064	843	0
BAKKEN	1-2023	31	2289	2061	2733	1643	1301	6
BAKKEN	12-2022	31	2056	1836	3567	1362	864	172
BAKKEN	11-2022	23	470	332	2804	411	175	89
BAKKEN	10-2022	0	0	0	0	0	0	0
BAKKEN	9-2022	0	0	0	0	0	0	0
BAKKEN	8-2022	0	0	0	0	0	0	0
BAKKEN	7-2022	0	0	0	0	0	0	0
BAKKEN	6-2022	0	0	0	0	0	0	0
BAKKEN	5-2022	0	0	0	0	0	0	0
BAKKEN	4-2022	0	0	0	0	0	0	0
BAKKEN	3-2022	0	0	0	0	0	0	0
BAKKEN	2-2022	0	0	0	0	0	0	0
BAKKEN	1-2022	0	0	0	0	0	0	0
BAKKEN	12-2021	0	0	0	0	0	0	0
BAKKEN	11-2021	0	0	0	0	0	0	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	0	0	0	0	0	0	0
BAKKEN	8-2021	0	0	0	0	0	0	0
BAKKEN	7-2021	0	0	126	0	0	0	0
BAKKEN	6-2021	10	298	471	500	394	182	139
BAKKEN	5-2021	31	1517	1577	2325	1713	690	736
BAKKEN	4-2021	30	1497	1405	2460	1749	745	725
BAKKEN	3-2021	31	1470	1419	2613	1724	682	758
BAKKEN	2-2021	28	1230	1223	2155	1433	544	639
BAKKEN	1-2021	31	1423	1365	2169	1674	659	734
BAKKEN	12-2020	31	1320	1197	2630	1561	611	679

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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2023	31	1251	1342	2340	10556	10299	133
BAKKEN	6-2023	30	1286	1125	2510	10306	10168	18
BAKKEN	5-2023	31	1575	1576	3401	9091	8961	6
BAKKEN	4-2023	30	1398	1388	2914	6393	6224	49
BAKKEN	3-2023	19	364	0	605	920	604	240
BAKKEN	2-2023	2	17	227	7	157	83	66
BAKKEN	1-2023	4	130	450	339	712	489	207
BAKKEN	12-2022	27	620	237	2127	2801	2198	495
BAKKEN	11-2022	17	116	2	370	1161	974	119
BAKKEN	10-2022	27	203	242	365	1999	1954	21
BAKKEN	9-2022	30	201	229	800	1778	1709	13
BAKKEN	8-2022	28	222	225	452	1452	927	525
BAKKEN	7-2022	13	93	0	138	556	543	13
BAKKEN	6-2022	14	107	230	184	840	567	237
BAKKEN	5-2022	13	103	1	148	785	532	217
BAKKEN	4-2022	4	31	203	30	198	95	87
BAKKEN	3-2022	9	78	0	83	750	483	239
BAKKEN	2-2022	7	42	0	74	335	205	118
BAKKEN	1-2022	8	65	0	154	338	292	22
BAKKEN	12-2021	9	67	197	110	332	304	0
BAKKEN	11-2021	30	182	234	450	1187	1067	0
BAKKEN	10-2021	31	206	230	496	1268	1133	11
BAKKEN	9-2021	30	187	0	412	1295	1168	7
BAKKEN	8-2021	31	188	227	318	1155	1031	0

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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2023	31	1226	1128	2565	1401	1063	41
BAKKEN	6-2023	19	808	904	1797	875	671	19
BAKKEN	5-2023	31	1291	1267	3101	1462	969	186
BAKKEN	4-2023	30	1347	1400	3294	1559	1253	0
BAKKEN	3-2023	31	1534	1524	3530	1691	1322	44
BAKKEN	2-2023	28	1486	1454	3233	1596	1030	259
BAKKEN	1-2023	31	1471	1413	3297	1265	139	807
BAKKEN	12-2022	31	1620	1570	3897	1528	1119	82
BAKKEN	11-2022	30	1314	1286	3226	1200	866	31
BAKKEN	10-2022	31	1300	1281	3350	1193	838	45
BAKKEN	9-2022	30	1226	1164	3187	1097	801	2
BAKKEN	8-2022	31	1038	881	2686	881	550	44
BAKKEN	7-2022	10	275	226	1315	222	121	20
BAKKEN	6-2022	0	0	0	0	0	0	0
BAKKEN	5-2022	0	0	1	0	0	0	0
BAKKEN	4-2022	0	0	12	0	0	0	0
BAKKEN	3-2022	0	0	27	0	0	0	0
BAKKEN	2-2022	0	0	62	0	0	0	0
BAKKEN	1-2022	0	0	145	0	0	0	0
BAKKEN	12-2021	29	726	751	2026	643	352	56
BAKKEN	11-2021	30	796	748	2331	712	416	42
BAKKEN	10-2021	31	837	841	2681	740	469	8
BAKKEN	9-2021	30	843	876	2540	771	467	47
BAKKEN	8-2021	31	906	862	2584	789	510	34

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Thursday, September 21, 2023