Active Rigs Jump To 42 — March 4, 2024

Locator: 46669B.

Updates

March 4, 2024: this is so funny. Last night / yesterday I wrote the "original post" but left it in draft form. I was a bit unsure whether I should post it. Well, AAPL dropped significantly today. It made decision-making so much easier. Amazing.  

March 4, 2024: wow, I'm in a good mood. Watching Dune: Part 2 last night -- by myself -- gave me a bit of time to reflect. Two overriding thoughts.

First, the heroes in Dune: Part 2 all make-believe and then I reflected on watching Caitlin Clark in real time break breaking Pete Maravich's NCAA scoring record set 56 years ago. Caitlin Clark: not make believe. Real. And I saw it in real time, and I saw history being made. Dune: Part 2 -- fun, but not real.

The second overriding thought is much more difficult to articulate. It has to do with "originality." Harold Bloom argues it is difficult to find "original literature." It's rare to find anything that can't be traced back to the Bible, the Iliad / Odyssey, Beowulf, or the Shakespeare plays. 

I am so fortunate that I read so much between 2000 and 2007. I pretty much went off the grid those seven years and was definitely off the grid from 2004 to 2007 and all I did was sit by the pool in our apartment complex in Alamo Heights in San Antonio, TX, and read. And I read everything. Dune? Story line was simply stolen from the Bible and the Mideast. Nothing original at all, and incredibly boring from that aspect.

March 4, 2024: one of my family members said she was getting pressure from her financial advisor to sell some of her Apple and asked me for my thoughts. I won't say what I told her but it was a great opportunity to reflect on the whole "investing" thing.  

March 4, 2024: never quit reading. I never thought I would pick up a biography of Jackie Kennedy but here I am, having checked out a book from the local library on Ms Kennedy and absolutely loving it. Not so much about her but so much about the geography of northeastern seaboard of which I know little; and, the "picture" of what the US looked like in 1951.

March 4, 2024: hey, speaking of which. Some people have trouble with the SCOTUS ruling regarding Trump. 

They begrudgingly agree that the SCOTUS made the right decision with regard to putting Trump back on the Colorado ballot but disagreed with SCOTUS going much farther than was needed. I was disappointed with ACB (a staunch conservative) joining the three liberal justices in writing a dissenting opinion suggesting the court went farther than it needed. That tells me all I need to know. Folks don't understand how the legal system is supposed to work. But machts nicht, the court made the right decision, and the non-concurring justices can whine all they want. Link here.

Original Post

I’ve been looking forward to March for more than three months now. The 3rd, 6th, 9th, and 12th months of the year are the last months of their respective quarters and also the best months by far for receiving dividends.

I have my bucket list of equities I had planned to purchase with the current month’s dividends but now that they are starting to show up in my brokerage account I’m paralyzed with anxiety. I’ve never paid attention to all this in the past, and now that I am, it’s downright scary. It was so much easier when I only had $100 to invest.

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Back to the Bakken

WTI: $78.79.

Active Rigs: 42.

Five new permits, #40560 - #40564, inclusive:

• Operators: Slawson (3), Empire North Dakota, and MRO
• Fields: Big Bend (Mountrail); Starbuck (Bottineau); and, Bailey (Dunn County)
• Comments:
• Slawson has permits for a Prowler well, a Payara well, and a Snoop Alley well, NWNW 21-152-91; 
• to be sited 1001 FNL and at 360-, 410-, and 510-FWL;
• Empire has a permit for a Sandpiper well, SESE 29-161-78l
• to be sited 1050 FSL and 1100 FEL;
• MRO has a permit for a Whitaker well, SWSE 11-145-94, 
• to be sited 593 FSL and 1710 FEL;

Well of interest:

• 17875, 608, MRO, Lily 24-11H, Bailey, t7/09; cum 231K 12/23;