Busy Day In The Bakken -- Seven New Permits -- Seven DUCs Reported As Completed -- MRO With Another Big Well -- May 16, 2024

Locator: 47170B.

WMT, link here: 

“The Walmart experience is better than it used to be, but it’s still not a premium experience. Walmart is built on convenience, cost and assortment. Not on service,” he told CNBC’s “Fast Money” on Thursday.

“As the economic challenges abate... service will become more important than convenience and price. And, we’ll see a shift back of some of the consumers. That’s the bubble.”

His warning comes with Walmart stock hitting all-time highs going back to August 1972, when it began trading on the New York Stock Exchange.

Shares surged almost 7% on Thursday after the discount retailer’s fiscal first-quarter adjusted earnings and revenue beat estimates. Walmart reported high-income consumers helped drive profits particularly in its grocery business.

Comment: There's an incredibly good data point that was not mentioned in the article that will continue to make Walmart do very well.

Comment: see this story, also. Walmart matching Amazon's delivery times.

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Back to the Bakken

WTI: $79.41.

Active rigs: 36.

Seven new permits, #40755 - #40761, inclusive:

• Operators: Rockport Energy, Neptune Operating (3), Slawson Exploration, Hunt Oil (2)
• Fields: Ranch Coulee (McKenzie); Ragged Butte (McKenzie), Big Bend (Mounrail), Thompson Lake (Burke)
• Comments:
• Rockport has a permit for a Chandler well, SWNE 15-146-98, 
• to be sited 1485 FNL and 2053 FEL;
• Neptune Operating has permits for three wells, SESW 17-151-101, 
• to be sited 1675 FWL and between 423 FSL and 324 FSL;
• Slawson has a permit for a Fish Finder well, SWSE 21-152-92, 
• to be sited 877 FSL and 2316 FEL; and, finally,
• Hunt Oil has permits for two Kandiyohi wells, lot 1, section 6-159-90, 
• both to be wited 360 FNL with one 324 FEL and the other 354 FEL

Seven producing wells (DUCs) reported as completed:

• 34526, 739, Slawson, Armada Federal 6-14-18TFH, Mountrail County,
• 36578, 902, XTO Energy, Tong 34X-9E, Williams County,
• 39548, 582, Petro-Hunt, Terres 144-98-13B-24-1H, Billings County,
• 39905, 474, Oasis, George Federal 5304 12-24 2BX, Williams,
• 39906, 208, Oasis, George Federal 5304 12-24 3B, Williams,
• 39907, 784, Oasis, George Federal 5304 12-24 4B, Williams,
• 40068, 3,700, MRO, Frye 41-2TFH, Dunn County,
• with regard to this MRO Frey well, watch the Stroh wells