The Oasis Bergem Wells Are Spectacular -- January 26, 2024

Locator: 46648B.

We're going to start slow this morning. So much news starting at 4:30 a.m. this morning -- it's just overwhelming. So instead of trying to catch up, I'm just going to go slow and get moving later.

But to start, the two big stories in business / investing this past three months: Hertz and Intel.

OMG. [Note: this is not a ticker symbol.]

And both stories were 1000% predictable. 

AMEX: earnings huge. Visa had a great quarter, also. Again, all predictable.

RACE: up at the open. Up $3.90 / share. Whoo-hoo!

Nuclear: this is almost laughable -- putting doors on an airplane -- we're looking at you Boeing -- is kid's play compared to building small nuclear reactors (all the rage now, and going nowhere) -- and investors wonder why folks don't want small nuclear reactors in their backyards. LOL. 

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.

Reminder: I am inappropriately exuberant about the US economy and the US market.

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Back to the Bakken

WTI: $76.78.

Sunday, January 28, 2024: 51 for the month; 51 for the quarter, 51 for the year
39725, conf, WPX, Bull Moose 28-27HT,
39152, conf, Hess, RS-F Armour-156-92-1224H-2,
39050, conf, Oasis, Bergem 5199 43-33 3T,
39049, conf, Oasis, Bergem 5199 43-33 2B,

The Oasis Bergem wells are tracked here. The two new ones, spectacular:

• 39050:

Date	Oil Runs	MCF Sold
11-2023	31872	40972
10-2023	32651	41847
9-2023	34506	44641
8-2023	30179	36817

• 39049:

Date	Oil Runs	MCF Sold
11-2023	40118	52333
10-2023	36736	47263
9-2023	34656	44336
8-2023	34842	47437

Saturday, January 27, 2024: 47 for the month; 47 for the quarter, 47 for the year
40041, conf,  CLR, Quale Federal 4-1H,
35367, conf, Enerplus, Possum 152-94-23CH-TF2,

Friday, January 26, 2024: 45 for the month; 45 for the quarter, 45 for the year
35368, conf, Enerplus, Bandicoot 152-94-23CH-TF1,

RBN Energy: Sunoco LP's $7.3 billion deal to acquire NuStar Energy.

A lot of energy-industry M&A activity lately has been focused on the acquiring company gaining scale in a shale play or region where it’s already very active, usually the Permian. The latest multibillion-dollar deal in the energy space is different: Sunoco LP (stock ticker symbol SUN), which is primarily involved in fuel distribution east of the Mississippi and in Texas, is buying NuStar Energy (ticker NS), a midstream company with a mix of pipelines (crude oil, products and ammonia) and terminals, most of them within the U.S.’s midsection. As we discuss in today’s RBN blog, the combined company will have a massive footprint, with all kinds of opportunities for synergies and growth.