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Sunday, December 3, 2023

How The Brits See The Americans -- Economy -- December 3, 2023

Locator: 46228ECON.

Link here. Archived

How the Brits see Americans when it comes to the economy:

Something weird is happening in America. GDP growth for Q3 was just revised up from an already scorching 4.9 per cent to 5.2 per cent, more Americans have jobs than at any time in history, but the public is up in arms about economic conditions, with consumer confidence dropping to a six-month low. There really is no pleasing some people.

With headline indicators in such rude health, we would expect the number of Americans who think they’re better off than this time last year to outnumber those who say they’re worse off by about 25 percentage points. Instead, the reportedly worse-offs outnumber the better-offs by ten points in the latest University of Michigan’s index of Current Economic Conditions.

I know what you’re thinking: inflation explains all of this. People really hate rising prices, and are reminded of them every time they buy something. Inflation’s salience drowns out other more distant or intangible gains. It’s certainly a good theory, but countries all around the world have faced steep inflation. Many steeper than the US. Presumably their consumers are also much more pessimistic than we would expect?

Well, no actually. Extending an original analysis by X user Quantian1, I have calculated expected consumer sentiment for a set of countries based on their underlying economic indicators, and compared it to actual sentiment. Relative to the eve of the pandemic, US consumers now appear gloomier than the French, the Germans and even the British. The Europeans all feel about as confident as one might expect based on how their economies are performing. Disproportionate doom seems to be a new American affliction.

So what’s going on? Last weekend FocalData ran a poll for me, asking a representative sample of 2,000 US adults whether they thought economic circumstances had improved or deteriorated over recent years. The results were startling: Americans are consistently wrong in the negative direction on almost every measure we polled. By huge margins, they believe inflation is still rising (it’s falling), that it has outstripped wage growth (wages have outpaced prices), and that they have become less wealthy (they’ve become much wealthier).

Attempts to justify this sense of gloom often emphasise the challenges faced by less prosperous groups, but this also goes counter to the evidence. One explanation I heard is that the despondency comes from young people struggling with runaway rents. But wages have risen faster for them than the old, outpacing rents. Plus young consumers are the most positive, per the Michigan survey.

So much more a the link.

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Debonair

Headlines III -- December 3, 2023

Locator: 46227HEADLINES.

Wow, wow, wow: moments ago -- Sunday night, 10:47 p.m. CT, Dow futures just turned green.

Green Bay Packers: with two minutes left in the game, the GBP kicker just won the game for Green Bay. The Chiefs need a touchdown and a two-point conversion. Not gonna happen. My prediction: Mahomes intercepted again.

Gold sets new all-time record: surges past $2,100. My mother -- RIP -- would have been thrilled. She was a gold bug in her time. 

The economy:

Magic number: for AAPL, $193. 

Cher: #1 Christmas album. 

Sings duet with Stevie Wonder. Sings duet with Darlene Love. It turns out that when Darlene Love first recorded "Christmas (Baby Please Come Home)," Cher, at age 17, was one of the backup singers. A Phil Spector production. After that, Phil Spector and Cher were joined at the hip. Best news; Cher is releasing a deluxe edition of "Believe." One of the best albums ever.  Wow, how I wish I had grown up in west LA in the 50s and 60s. There is truly something special about west LA. UCLA undergraduates have no idea how fortunate they are.

Las Vegas: I was lucky enough to see Las Vegas several times before the city became out of reach. When it was still part of the wild, wild west and Harry Reid, US Senate 1987 - 2017, ruled.

Twenty-five years ago: I was the hospital commander, hospital, 1st Fighter Wing, USAF, Langley AFB, VA. Wow. And to think, vinyl is back. So are 35-mm single reflex cameras.

Unboxing.

Wow, I love this album.


Taxi, taxi.


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12
 

Willie Nelson.

A Musical Interlude -- December 2, 2023

Locator: 46226ARCHIVES.

Maybe it's just me, but YouTube just seems to get better and better. I'm talking about the YouTube music videos, not the YouTube streaming service. 

Tonight, of all things, the YouTube "folks" randomly picked a video they thought I would like (I loved it) and then the mix that followed, was one of the best. I've had the mix on for the past several hours, switching back and forth between college football games (division I and division II) and putting up holiday lights and sprucing up the Bat Cave. 

The mix morphed from Celtic to classic country ... not sure how that happened ... and now some interesting modern country .... 

Along the way ...

Headlines II -- December 3, 2023

Locator: 46234HEADLINES.

ENB line 5: won't "happen" in my investing lifetime but gives regulators and lawyers plenty to talk  about. Link here.

US Supreme Court: to take tax case. For taxpayers, it's a no-lose situation. In worse case, taxpayers break even; in best case, SCOTUS rules IRS illegal; may re-define definition of income. LOL. Will the ObamaCare ruling be back in play?

Too little, too late: over the weekend, after it was announced that Alaska Airlines would be booted from the S&P, Alaska Airlines announced it would buy Hawaiian airlines. To remain HQ'd in Seattle. Alaska CEO will remain CEO. $2 billion. 

BRK: most interesting factoid coming out after the death of Charlie Munger, considered the man behind the throne: not discussed by anyone. 

Death of Charlie Munger, man behind the throne, and BRK shares remained absolutely unchanged. Speaks volumes. Would the same occur if Bob Iger had stepped down? If Elon Musk had stepped down? If Tim Cook had stepped down? Jensen Huang, Jeff Bezos, Mark Zuckerberg?

Apple: to hit the $3-trillion-market-cap threshold again, shares only need to move 1 percent from Friday's after-hours trading price.

Apple: most under-reported story? Apple throws in the towel on developing its own 5G modem. 5-day move for QCOM -- inconsequential. 

Apple: Arm is now the 600-lb gorilla. ARM? The story is fascinating ... I will have to come back to this -- but owe the move to ARM to some high school kids and their science project years ago.

College football: FCS championship -- of the eight teams still in contention -- 

South Dakota State, South Dakota, North Dakota State; and Montana. A fifth from the same geographic region: Idaho. The others Greenville, SC (Furman, midway between Charlotte and Atlanta); Albany; and Villanova, northwest of Philadelphia.

Inflation or fraud: price of eggs. Now we know. 

The egg suppliers include the family company of its former Chair John Rust, who’s running for the U.S. Senate in Indiana.

In a written statement on the verdict, Rust said the jury’s decision “will be appealed.” The jury found that the egg suppliers exported eggs abroad to reduce the overall supply in the domestic market, as well as limited the number of chickens through means including cage space, early slaughter and flock reduction.

John Rust, Republican running for US Senate. Not a surprise. What is a surprise: his politics.

OXY: in talks to buy Permian producer CrownRock. Joins CVX-Hess and XOM-PXD. OXY-CrownRock not announced over the weekend. Is BRK's C-suite pre-occupied?

Nuclear: for those interested in nuclear -- and I'm not -- Idaho National Laboratory will be in the news this week, though no one will pay attention.

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US Public Pensions

US public pensions: 1,000 largest. Change (I assume y/y, 2022 / 2021), rounded to nearest full integer. Again, this is change in assets under management; it is not the return on investments, if that makes sense. -- I assume the annual prospectuses are readily available:

  • By size, assets under management:
    • Federal Thrift: 19%
    • California Public Employees: 17%
    • California State Teachers: 21%
    • NY State Common: 18%
    • NYC Retirement: 18%
    • Florida State Board: 19%
    • Texas Teachers: 21%
    • Washington State Board: 25%
    • Wisconsin Investment Board: 19%
    • Boeing: 10%
    • NY State Teachers: 18%
    • North Carolina: 14%
    • California University: 22%
    • Ohio Public Employees: 17%
    • ATT: -6%
    • IBM: 6%
    • Virginia Retirement: 22%
    • Raytheon Technologies: 9%
    • Michigan Retirement: 25%
    • New Jersey: 26%
    • Minnesota State Board: 20%
    • Kaiser: 22%
  • Others of interest:
    • JP Morgan Chase: 30%
    • Microsoft: 51%
    • Morgan Stanley: 37%
    • Arizona Public Safety: 44%
    • Amazon.com: 64%
    • Coca-Cola: 42%
    • NYU: 49%
    • Longshoremen ILWU-PMA: 42%
    • New Hampshire Retirement: 67%
    • Harvard University: -8%
    • Vanguard Group: 87%
    • Alaska Air: 50%
    • Charles Schwab: 48%
    • Facebook: 72%
  • I will arbitrarily stop here.

Ford: EV plans -- The WSJ -- a story --- Marshall, Michigan --

The project seemed like a slam dunk when it was announced earlier this year: a $3.5 billion Ford Motor facility slated to create 2,500 jobs by the time production was to begin in 2026.
It was a chance to show that a state-led version of the Biden administration’s strategy of using government subsidies and incentives could put an auto-related plant in a northern state that has seen its automaking dominance diminish.
But the president’s plan to jump-start the U.S. economy by supporting domestic production of green technologies has hit roadblocks: Electric-vehicle adoption isn’t going as fast as some had forecast, the industry has recalibrated, and there has been local opposition to fast-tracking such projects.
The political payoff has been slow in coming because results are likely to take years.

After the fanfare of the February announcement of the plant, Ford quietly signaled in September that it would pause the project. When work resumed on the BlueOval battery plant in November, it was for a scaled-down version, a reflection of what is happening in the roller-coaster EV market. In an unsettled economic and political landscape, the prospect of needed jobs didn’t guarantee community acceptance.

The plant would use licensed technology from the Chinese battery manufacturer CATL to make EV batteries under Ford’s name in Marshall. The city has approved the initial site plan, and officials said that there are no remaining barriers to the plant. Proponents said it would bring well-paying jobs and likely investment from ancillary companies and suppliers, not to mention the restaurants, housing and entertainment that would likely pop up.

Fake EVs: the hybrid fad will gradually fade away, too.

Cybertruck: can you imagine what it will cost to repair even minor damage from a fender-bender?

EVs:

  • for traders: awesome opportunities:
  • for investors with 30-year horizon: plenty of time to pull the trigger

California solar: plummets -- link here. Plummets? An understatement. Unless a mandated requirement for all house sales (existing and new), solar in California is dead. Recession? Nope, a depression.

****************************
11 

Darlene Love.

Headlines I -- December 3, 2023

Locator: 46233HEADLINES. 

NCAAF FCS Championship bracket: link here.

Trillion-dollar companies:

Russian oil revenue:

Saudi oil export: link here.

Apple Silicon: link here.


Apple swiftly pivots
: link here.

BRK Will Beat The S&P 500 (Again) -- Whoo-Hoo! End Of November, 2023

Locator: 46232BRK.

Link here. Year-to-date -- eleven months --

  • BRK: 15.6%
  • S&P: 14.90%

Good graphic:

Better graphic:

Best graphic:

*******************************
The Art Page

From Judah, age 3.75 years old, born early March, 2020. 

Titled: "Papa plugging his ears." 

This is how Walt Disney started.

Will AAPL's Market Cap Hit $3 Trillion This Week? December 3, 2023

Locator: 46231AAPL.

If Monday is an "up" day for AAPL, the talk this week -- all week -- on CNBC will be AAPL reaching the $3 trillion milestone (again). YOLO, MOJO, FOMO -- in that order.

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.

Use search: aapl trillion market cap.

August 1, 2018, pre-pandemic: CNBC looking for AAPL to have a market cap of $1 trillion.
at the time: p/e, 19; if AAPL goes to $203 / share = $1 trillion market cap

August 2, 2018, one day later: Apple just hit a $1 trillion market cap -- first publicly traded traded US company to reach that milestone.

August 19, 2020, pandemic; market cap, $1.991 trillion; needs to hit $467.30 for $2 trillion market cap; outstanding shares: 4.28 billion

December 10, 2021, pandemic waning: at the close, AAPL market cap, $2.944 trillion. Trading at $179. P/E - 30.

December 31, 2021, pandemic coming to an end: market cap $2.9 trillion; $180 / share x 16.32 billion shares = $2.9 trillion. 

January 23, 2022: market cap at $2.996; $180.89. CNBC reports AAPL hit $3 trillion market cap.

March 17, 2022: market cap at $2.6 trillion.

December 1, 2023: So, where are we today --

  • trading at $191.30
  • P/E: 31.15
  • shares outstanding: 15.55 billion
  • market cap: $2.974 trillion
  • back of the envelope:
    • $3 trillion / 15.55 billion = $192.93 / share.
    • $192.93 - $191.30 = $1.63.  1.63 / 191.30 ---> 0.0852%.

History:

Put that Motley Fool note in perspective. From ycharts:


Is Amazon Prime Worth It? It Depends -- December 3, 2023

Locator: 46230AMZN.

Link to "Dividend Hero."

A quick scan, estimate:

  • 80%: can't live without Amazon Prime; can't believe it's even a question;
  • 15%: it depends -- probably not worth it, if seldom used;
  • 4%: not worth it; order $35 worth of stuff and it's delivered free
  • 1%: wouldn't use it if it were free.

The four percent have no clue. 

The 15% will eventually come around.

Supercomputers And All That Jazz -- December 3, 2023

Disclaimer: in a long note like this there will be content and typographical errors. Facts and opinions will be interspersed and it will be hard to tell the difference. It has not been proofread (yet) and more editing must be done, including some more formatting, but I have family commitments.  

Disclaimer: with regard to all investing discussions -- I never make recommendations and my personal investing horizon has a 30-year horizon.

There have been a number of "items" / subjects that have interested me over the years and I have explored them in depth to get a better understanding. Examples:

  • the Bakken, of course; 
  • Shakespeare;
  • Richard III;
  • renewable energy (wind, solar);
  • Netflix;
  • Apple, Inc.;
  • Devon;
  • BRK;
  • semiconductors, chips, blades;

Most recently, supercomputers. A recent update, November 1, 2023. I don't know for sure, but I think I will be tracking supercomputing here.

Supercomputers are ranked in terms of computing power measured in petaFLOPS or petaflops, defined as a unit of computing speed equal to one thousand million million (10^15) floating-point operations per second (which of course I don't understand at all) -- whatever.

So, anyway, where are we with regard to petaflops?

It's hard to believe, but the subject was actually noted as far back as December 7, 2012, almost eleven years to the day. From that link:

Link to Rigzone.com.

Years ago I followed the dramatic increase in commercial computing power, tracking the "race" between the US and Japan. I pretty much forgot all about that race until this story.
BP has begun building a new supercomputing complex for commercial research that it claims will be the biggest in the world at its Westlake Campus in Houston, the company reported Friday.
The project is designed to keep BP at the forefront of seismic imaging technology and, the firm said, will be a critical tool in its global hunt for oil and natural gas in coming years.
BP's existing HPC center was the world's first commercial research center to achieve a petaFLOP of processing speed (or one thousand trillion calculations per second). But the company said that this has now reached maximum power and cooling capacity in its current space at the Westlake Campus.

So, the update. Whatever happened with regard to BP's "new supercomputing facility in Houston"? From Rigzone, October 23, 2013, about a year later from the original announcement: 


From the linked article:

BP announced late Tuesday that it has opened its new High-Performance Computing (HPC) Center at its US headquarters in Houston.

The new center, which BP began building in December 2012, will serve as a worldwide hub for processing and managing very large amounts of geological and seismic data from across BP's portfolio. It will enable scientists to produce clear images of rock structures that are deep underground.

BP said that better imaging capability will also help the company more safely and efficiently appraise new finds and manage complex reservoirs once production starts. In addition, the company expects the center will open up new possibilities for research into other important aspects of BP’s business activities, from oil refining to enhanced oil recovery.

The new center is housed in a three-story, 110,000-square foot facility at BP's Westlake campus. Equipped with tens of thousands of CPUs, it is designed to have the ability to process data at a rate more than 2.2 petaFLOPS – meaning it can perform 2.2 million, billion simple calculations (or floating-point operations) per second. This almost doubles the firm's previous supercomputing facility.

So, we have one data point: the BP Westlake Houston supercomputer is designed to process data at a rate of more than 2.2 petaFLOPS.

Impressive, huh. Ten years ago, 2.2 petaFLOPS.

Where do we stand now?  

Before we answer that question, we have to introduce a new term: exaflops or exaFLOPS.

Reminder:

  • petaflops: 10^15

Now:

  • exaflops: 10^18; that's three more zeroes;
  • an exaflop is 1,000 times greater than a petaflop

So, if a petaflop is 1,000 trillion, or one thousand thousand billion (1,000,000,000,000,000), an exaflp is 1 billion billion, or one one thousand thousand thousand billion (1,000,000,000,000,000,000) 

How fast are the fast supercomputers today? Measured in:

  • petaflops: 1,000 petaflops
  • exaflops: 1 exaflp

So, rounding, the Houston supercomputer, back in 2013 was able to compute at a speed of 2 petaflop.

Today, supercomputers operate at a speed of 1,000x that much. 

What was Moore's Law? Rhetorical.


 Gazillion: some number greater than 10^24 but less than infinity.

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Break, Break: Where The Rubber Meets The Road

As an investor, I really don't care about all of that above the fold.

What interests me, as an investor, who's making the blades for those supercomputers?

Who made the blades for that BP Westlake Houston supercomputer? Link to oedigital:

By the end of the year, BP’s computing center will hold 6000 computers. BP worked with HP and Intel to grow its computing power to over 2.2 petaflops, nearly doubling the company’s capability in one year.

Besides that little pearl, much more at the oedigital link.

But back to the question: who made the blades for the BP computer? Intel. Wired by IBM.

*************************
Investing

It was this post on November 22, 2020, that got my attention. That was when I made a huge pivot from energy to Nvidia. Up until then I don't recall ever hearing the word "Nvidia" on CNBC but that at the time, I wasn't watching much CNBC and I knew nothing about blades.

But two things in 2020:

  • that wiki entry at that link
  • tech was selling off due to the Covid lockdown
    • Nvidia, Zoom, Cisco, etc, were doing well but felt to be temporary.

For Nvidia, things looked worse, immediately coming out of the lockdown. Do folks remember why? That's "Nvidia 101."  Look at 2022. I remember that as if it happened yesterday.

Look at a five-year and a "max" chart for Nvidia. 

**********************
Where Do We Stand Today? December 3, 2023

First of all, and I pat myself on the back for this one -- all the blogs I have posted regarding semiconductors since November 22, 2020. That, for me was as eye-opening as my original posts on Netflix and Devon. 

But then, this post on December 2, 2023. Look at the screenshot from Forbes. The "X86" is Intel's.

That Forbes article was dated August 8, 2023, and I think Forbes was already late in publishing this story. The movers and shakers would have known this in 2020 (maybe, perhaps not -- there's more to the story) but certainly by late 2022 / early 2023.

************************
Is There More? The Cherry On Top!
They're Reading The Blog

In the on-line edition The WSJ places their stories by "position." Position 1 is the top of the page, the most important story on that page, above the fold. Position 2 is the second most important story.

Note this URL: https://www.wsj.com/tech/personal-tech/intel-inside-apple-arm-microsoft-nvidia-a435183b?mod=wsjhp_columnists_pos2. 

A WSJ article in position 2. An important story. Note that it was published after the market was closed for the week.

Here's the headline:


What day was December 1st? Oh, that's right -- it was Friday. Note the time the story was posted, 9:00 p.m. ET, too late for traders on Friday. They will read it on. Saturday in the weekend edition (perhaps). Then Monday. Tomorrow.

It's behind a paywall, but this is how the article begins:

It might not look like it yet, but Intel is in a fight for its life.

The stakes for its employees and investors are high, and are likely to turn on some fierce battles for market share that will play out in 2024 and beyond.

For the everyday consumer, what’s at stake is mostly nostalgia. One day, the little “Intel Inside” sticker that’s been on PCs since 1991 could cease to exist.

Instead of an Intel chip, these computers could have processors from an array of manufacturers, principally Qualcomm , but also possibly Nvidia , AMD, and lesser-known companies like Santa Clara, Calif.-based Amlogic and Taiwan-based MediaTek .

What’s happening now is a tipping point decades in the making. Ever since a little chip-design company called ARM built the mobile processor for Apple ’s first Newton personal digital assistant, which came out in 1993, it’s been gaining steam, primarily in the mobile-phone business. By the time Intel sought to enter the mobile-processor business in 2011, it was too late.

Apple was the first company to bet that ARM-based processors—thought by many to be useful only in phones—could be the brains of even the most powerful desktop computers. This gave Apple a huge head start over Intel, and the rest of the industry, in designing chips that prioritized power-sipping performance in a world where that’s become the primary limiting factor in the performance of all devices, not just phones.

Now, Google, Qualcomm, Amazon , Apple and others can use ARM’s blueprints to custom-design the chips that power everything from phones and notebooks to cloud servers. These chips are then typically produced by Samsung or Taiwan-based TSMC , which focus on making chips for other companies.

The threats to Intel are so numerous that it’s worth summing them up: The Mac and Google’s Chromebooks are already eating the market share of Windows-based, Intel-powered devices. As for Windows-based devices, all signs point to their increasingly being based on non-Intel processors. Finally, Windows is likely to run on the cloud in the future, where it will also run on non-Intel chips.

The article goes on and on and on. It's a long, long, long article.

There is a fly in the ointment and it has nothing to do with Intel or Nvidia but that's another story for another day.

Traders are going to love this story. Traders: get in, make your money, then get out. For investors, it's much, much, much more difficult. So much can change. Maybe it's time to sell / short NVDA. Maybe it's time to start a position.

Example: Apple wasted a lot of time and resources on an autonomous vehicle when in hindsight it appears the company could / should have diverted those efforts to supercomputers. Governments around the world have deep pockets and are racing to build faster supercomputers. China alone will keep the industry busy for years. If not decades. 

We're starting to see how EVs and autonomous vehicles are working out for folks. 

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.

*****************************
Of Course There's More But I Have To Take A Break

I've got a great Apple post -- but that will be later this afternoon / evening.

*************************
Parting Shot

I've posted these graphs before but these graphs are important for many, many reasons.

Nvidia has been around for a long, long time. Everyone had the same information from which to work.


Chart Of The Day -- December 3, 2023

Locator: 46229KO.

The daily chart.

PSX and KO have both been around for a very long time.

One year ago and five years ago we all had the same information on KO and PSX.

Charlie Munger and Warren Buffett always talked about buying companies that were severely undervalued. Look at the "MAX" chart and look at 2020.

Hindsight is 20/20 (pun intended). LOL.



Hess SC-JW Hamilton Wells In Long Creek

Locator: 46229SCJW.

Permitted September 2, 2022, this is now PNC:

  • 39222, PNC, Hess, SC-JW Hamilton-153-99-1314H-6PA

These were the Hess SC-JW Hamilton permits announced in 2018, link here, but have since been all PNC'd:

  • 34998, PNC, Hess, SC-JW Hamilton ...
  • 34997, PNC, Hess, SC-JW Hamilton ...
  • 34996, PNC, Hess, SC-JW Hamilton ...
  • 34995, PNC, Hess, SC-JW Hamilton ... 
  • 34994, PNC, Hess, SC-JW Hamilton ...
  • 34993, PNC, Hess, SC-JW Hamilton ...
  • 34543, PNC, Hess, SC-JW Hamilton ...
  • 34542, PNC, Hess, SC-JW Hamilton ...
  • 34541, PNC, Hess, SC-JW Hamilton ...
  • 34539, PNC, Hess, SC-JW Hamilton ...
  • 34538, PNC, Hess, SC-JW Hamilton ... 

New Hess SC-JW Hamilton permits, see below.

Initial production data:

  • 39311, conf, Hess, SC-JW Hamilton-153-99-1314H-6, Long Creek,
DateOil RunsMCF Sold
9-20232645054921
8-20232469537017
7-20233724361661
6-20235070268093
5-202311668901
  • 39310, conf, Hess, SC-JW Hamilton-153-99-1314H-7, Long Creek,
DateOil RunsMCF Sold
9-20231906639359
8-20231439220710
7-20232377240417
6-20233965784998
  • 39312, conf, Hess, SC-JW Hamilton-LN-153-99-1314H-1, Long Creek,
DateOil RunsMCF Sold
9-20232751255929
8-20232651637736
7-20233626360098
6-20233205259454
  • 39308, conf, Hess, SC-JW Hamilton-153-99-1314H-9, Long Creek,
DateOil RunsMCF Sold
9-20232206251053
8-20232368433037
7-20232518040525
6-20233224057934
  • 39309, conf, Hess, SC-JW Hamilton-153-99-1314H-8, Long Creek,
DateOil RunsMCF Sold
9-20232479558392
8-20232175437544
7-20233299656711
6-20233329635448 

Initial Production Data For Wells Coming Off Confidential List This Next Week -- December 3, 2023

Locator: 46228B. 

The Enerplus LK-Bice wells are tracked here.

The wells:

  • 39716, conf, Petro-Hunt, Joel Goodsen 149-102-32C-29-1H, Moline, npd;
  • 39715, conf,  Petro-Hunt, Joel Goodsen 149-102-32C-29-2H, Moline, npd;
  • 39312, conf, Hess, SC-JW Hamilton-LN-153-99-1314H-1, Long Creek,
DateOil RunsMCF Sold
9-20232751255929
8-20232651637736
7-20233626360098
6-20233205259454
  • 39714, conf, Petro-Hunt, Dudley Dawson 148-103-2B-11-1H, Sheep Butte, npd;
  • 39713, conf, Petro-Hunt, Dudley Dawson 148-10302B-11-2H, Sheep Butte, npd;
  • 38255, conf, Hess, EN-State B-155-93-0916H-8, Alger,
DateOil RunsMCF Sold
9-20231989724717
8-20232067523703
7-20232172823759
6-20233513029684
  • 38256, conf, Hess, EN-State B-155-93-0916H-9, Alger,
DateOil RunsMCF Sold
9-20231985322877
8-20232427629225
7-20233168944526
6-20233750643309
  • 31770, conf, BR, Ivan 5-1-29UTFH, Elidah, no production data,
  • 39308, conf, Hess, SC-JW Hamilton-153-99-1314H-9, Long Creek,
DateOil RunsMCF Sold
9-20232206251053
8-20232368433037
7-20232518040525
6-20233224057934
  • 39309, conf, Hess, SC-JW Hamilton-153-99-1314H-8, Long Creek,
DateOil RunsMCF Sold
9-20232479558392
8-20232175437544
7-20233299656711
6-20233329635448
  • 39148, conf, Enerplus, LK Bice 147-96-6-31-5H, Big Gulch,
DateOil RunsMCF Sold
9-20233286150175
8-20232777840819
7-20234932574168
6-20231350718246
  • 31769, conf, BR, Ivan 4-1-29MBH, Elidah, npd;
  • 39912, conf, CLR, Hegler 11-13HSL1, Little Knife, npd;
  • 31768, conf, BR, Ivan 3-1-29UTFH, Elidah, npd;
  • 39147, conf, Enerplus  LK Bice 147-96-6-31-4H, Big Gulch,
DateOil RunsMCF Sold
9-20234006257816
8-202310
6-202371038301
  • 39143, conf, Enerplus, LK Bice 147-96-6-31-6H-LL, Big Gulch,
DateOil RunsMCF Sold
9-20232104929025
7-2023370
6-20231482010546

Wells Coming Off Confidential List This Next Week -- December 3, 2023

Locator: 46227B.

Wednesday, December 13, 2023: 167 for the month; 167 for the quarter, 737 for the year
39716, conf, Petro-Hunt, Joel Goodsen 149-102-32C-29-1H,

Tuesday, December 12, 2023: 166 for the month; 166 for the quarter, 736 for the year
39715, conf,  Petro-Hunt, Joel Goodsen 149-102-32C-29-2H,
39312, conf, Hess, SC-JW Hamilton-LN-153-99-1314H-1,

Monday, December 11, 2023: 164 for the month; 164 for the quarter, 734 for the year
39714, conf, Petro-Hunt, Dudley Dawson 148-103-2B-11-1H,

Sunday, December10, 2023: 163 for the month; 163 for the quarter, 733 for the year
39713, conf, Petro-Hunt, Dudley Dawson 148-103-2B-11-2H, 
38255, conf, Hess, EN-State B-155-93-0916H-8,

Saturday, December 9, 2023: 161 for the month; 161 for the quarter, 731 for the year
38256, conf, Hess, EN-State B-155-93-0916H-9,

Friday, December 8, 2023: 160 for the month; 160 for the quarter, 730 for the year
31770, conf, BR, Ivan 5-1-29UTFH,

Thursday, December 7, 2023: 159 for the month; 159 for the quarter, 729 for the year
39308, conf, Hess, SC-JW Hamilton-153-99-1314H-9,

Wednesday, December 6, 2023: 158 for the month; 158 for the quarter, 728 for the year
None.

Tuesday, December 5, 2023: 158 for the month; 158 for the quarter, 728 for the year
39309, conf, Hess, SC-JW Hamilton-153-99-1314H-8,
39148, conf, Enerplus, LK Bice 147-96-6-31-5H,
31769, conf, BR, Ivan 4-1-29MBH,

Monday, December 4, 2023: 155 for the month; 155 for the quarter, 725 for the year
None.

Sunday, December 3, 2023: 155 for the month; 155 for the quarter, 725 for the year
39912, conf, CLR, Hegler 11-13HSL1,
39147, conf, Enerplus, LK Bice 147-96-6-31-4H,
31768, conf, BR, Ivan 3-1-29UTFH,

Saturday, December 2, 2023: 152 for the month; 152 for the quarter, 722 for the year
39143, conf, Enerplus, LK Bice 147-96-6-31-6H-LL,