Locator: 45705UAW.
Monday, October 9, 2023
US Treasury -- Worst-Ever Rout -- October 9, 2023
Locator: 45704BONDS.
For the past thirty years, I've only been told how safe bonds are. LOL.
Gaza Military Targets -- All Of Them -- Need To Be Leveled Once And For All -- October 9, 2023
Locator: 45703ISRAEL.
Updates
Late, 9:27 p.m. CT: wow, Americans have it good. To get my mind off politics and the Mideast, I tuned into NFL MNF (on mute) and put on the bone-conduction earphones/iPad Pro to listen to Randy Travis.
As big as the iPad Pro is, it needs to be bigger. LOL.
I think I will spend some time listening to music I posted between 2004 and 2007. We’ll start with Melanie. And then, Nothing Takes The Place Of You, Timi Yuro. Sounds like Judith Durham. Now LeAnn Rimes. Wow, it just never quits.
I’m a “fair-weather” fan of the NFL but in the big scheme of professional sports, it might simply be the best. Tonight it’s just what I needed along with the music.
Original Post
I don't know if I can recall such a barbarous religion -- and I'm not talking about Judaism.
I'm hoping to hear the "right" words from the Biden White House and the GOP.
Meanwhile, I'm having flashbacks to the halcyon days of southern California, 1977 - 1978.
And if it weren't for Sophia, I would be back there in a New York minute.
Wilshire Boulevard.
My heart is with all my Jewish friends ... and I have too many to count.
********************
Big Box Stores
Total Wines and More can be your local "7-11" convenience store but your local "7-11" convenience store can't be your big box store.
And tonight I need a big box store. I need jalapeño cheese for a snack for tonight’s football game.
The good news: they're open late.
The better news: they're just down the street.
Today's Daily Activity Report For Those Who Care -- Monday, October 9, 2023
Locator: 45702B.
Active rigs: 34.
WTI: $86.38.
No new permits.
Eleven permits renewed:
- MRO (7): in Reunion Bay, Mountrail County: Betty Lou USA, Laverne USA, Duane USA, Lillian USA, Dawson USE, Gladheim USA, and Olive USA;
- Whiting (4): four Holmberg permits, SESE 24-153-93, Sanish, Mountrail County;
Four producing wells (DUCs) reported as completed:
- 39642, 784, Oasis, Maridoe 5502 11-17 3B, Squires,
- 39485, 2,287, Grayson Mill, Esther Hynek 3-2F XN 1N,
- 39487, 1,790, Grayson Mill, Esther Hynek 10-11F 9TFH,
- 39258, 360, Stephens Williston DBA SEG Williston, Greenbrier 15591 W-0211-6H,
Wells of interest:
- 18882, 1,693, Grayson Mill, Ester Hynek 10-11 1H, Ager, was off line 4/23 - 7/23; coming back on line; very small jump in production;
- 18799, 1,642, Oasis, Stowwers 5502 43-8H, Squires, nothing of interest;
Utica And Point Pleasant -- EAI -- From 2016
Locator: 45701UTICA.
See comments below. A reader has provided links for more details regarding this post:
- https://focusonfracking.blogspot.com/2016/05/new-maps-of-uticapt-pleasant-plays-oil.html
- https://focusonfracking.blogspot.com/2016/05/more-on-utica-shale-oil-supplies-drop.html
Original Post
EIA produces new maps of the Utica shale.
Several maps: here's one:
From the link:
The U.S. Energy Information Administration has produced new maps that show the structure, thickness, and geologic setting of the Utica Shale play and the location of production wells. Production of oil and natural gas from the Utica play has increased since 2011, with more than 1,700 wells drilled as of January 2016. The Utica play includes both the Utica formation and the deeper Point Pleasant formation, each with its own characteristics.
The Utica play spans about 60,000 square miles across Ohio, West Virginia, Pennsylvania, and New York. The geologic characteristics of the Utica and Point Pleasant formations, which are discussed in EIA's update, are favorable for the accumulation and production of hydrocarbons.
The Utica map is one of several maps of low-permeability hydrocarbon formations that EIA updated with additional geologic detail. EIA has previously published updated maps of major geological and tectonic features for the Marcellus and Eagle Ford plays. EIA has also provided shapefiles for structure and thickness maps for the following: Marcellus, Eagle Ford, Abo-Yeso, Bone Spring, Delaware, Glorieta-Yeso, Spraberry, Bakken, Three Forks, and Niobrara.
More:
The Utica is a stacked play that includes both the Utica formation and the underlying Point Pleasant formation. Currently, the deeper Point Pleasant is more often targeted for oil and natural gas drilling because it is more productive. Most of the more productive areas across the Point Pleasant formation footprint are in eastern Ohio and western Pennsylvania. Subsea elevation contour maps representing the top surface of each formation were developed with depth measurements from wells and outcrop data from the U.S. Geological Survey. These maps represent subsea depths and only roughly approximate drilling depth to reach the top of each formation.
The Point Pleasant formation is deepest in the southwest region of Pennsylvania, reaching subsea depths of more than 13,000 feet, and it is shallowest at the junction of Ohio, Indiana, and Kentucky. The Utica formation reaches subsea depths of up to 12,500 feet in a northeast arc though Pennsylvania and is also shallowest at the junction of Ohio, Indiana, and Kentucky. The most productive wells in the Utica formation are found at subsea depths ranging from 5,000 to 11,000 feet.
Nvidia -- October 9, 2023
Locator: 45700NVDA.
Nvidia, today:
- margins, Motley Fool, October 9, 2023: AAPL, AMZN, GOOG, MSFT, NVID.
- top stock funds in the past year, October 8, 2023, The WSJ: one thing in common.
- banned GPUs, Tom's Hardware, October 8, 2023: you will never guess.
- market share, Barron's, October 9, 2023: yes, a lot.
- will provide the boost tech needs, Barron's, October 3, 2023: Nvidia.
*****************************
Apple: Got Nvidia?
Dak -- Yakkety, Yak, Don't Talk Back -- October 9, 2023
Busy Day -- Got Started Late -- October 9, 2023
Locator: 45698B.
NFL:
- New Orleans: 34
- New England Patriots: 0
XOM announcement?
- XOM-PXD shale deal done? Nope.
- top XOM shale executive in jail? Yup.
In the queue:
- No mail today. Bond market closed.
- Obama's response to "IS-10-7."
- Nvidia.
- Dak is out.
- Ohio court of appeals: upholds depth severance clause in lease, January 26, 2023. Link here.
*********************************
Back to the Bakken
WTI: $86.21.
Tuesday, October 10, 2023: 23 for the month; 23 for the quarter, 593 for the year
39335, conf, CLR, Hegler 8-13H,
Monday, October 9, 2023: 22 for the month; 22 for the quarter, 592 for the year
39651, conf, Ovintiv, Eide 150-99-6-7-5H,
39336, conf, CLR, Hegler 9-13H1,
38837, conf, Enerplus, Hay Draw 148-97-27-34-5H,
Sunday, October 8, 2023: 19 for the month; 19 for the quarter, 589 for the year
39650, conf, Ovintiv, Fleck 150-99-6-7-9HLW,
39337, conf, CLR, Hegler 10-13H,
38838, conf, Enerplus, Hay Draw 148-97-27-34-6H,
None.
RBN Energy: US LNG feedgas demand has additional upside beyond new capacity.
LNG feedgas demand has averaged a record of about 12 Bcf/d this summer and fall. While that may sound like an impressive number (and it is), it could increase significantly — even without new capacity additions — over the next few months as seasonal demand rises and maintenance activity slows. And that’s just for starters. Next year, the first of several planned LNG export terminals and expansions of existing ones will start commissioning, and by the end of this decade feedgas demand may well double. In today’s RBN blog, we look at how current LNG feedgas demand stacks up compared to past years, the factors driving current demand, and the potential for additional upside.
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