End Of Day Report -- September 27, 2024

Locator: 48421B.

The gap between US and global competitors (EU, China) will widen.

• EU: for a variety of reasons.
• Chinese government: asks Chinese companies to stay away from Nvidia. 

My hunch: Nvidia will sell to US LDCs all the blades it can make. 

Retail: 

• simple minds on CNBC tend to equate WMT with Dollar General, Dollar Tree
• no comparison; absolutely no comparison between WMT and Dollar General!
  
• just saw great explanation on CNBC
• first hint: early today, it was mentioned that Walmart ad revenue much greater than that of Amazon's. 
  

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Back to the Bakken

Devon completes acquisition of Grayson Mill, effective September 27, 2024. Link here.

WTI: $68.18.

Active rigs: 35.

One new permit:

• Operator: Murex
• Field: Alexander (McKenzie)
• Comment:
• Murex has a permit for a LA-Emma Rose, NWNE 25-151-101, 
• to be sited 295 FNL and 1970 FEL; spacing unit, sections 25 / 36-151-101.

Seven permits renewed:

• Enerplus (7): seven permits in NWNW 28-152-94, Antelope, oil field, Flatiron, Shoal, Fjord, Hogback, Arroyo, Barchan, and Cirque.

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The Precipitous Ridge

Why I love to blog! Back on October 1, 2020, I mentioned these permits and learned a lot about geology and some interesting geologic terms. 

By the way, Enerplus has drilled four producing wells in this spacing unit (see below) these wells run north to south. The new "Precipitous Ridge" wells (see above) will run in the opposite direction, south to north:

• 33458, 1,115, Enerplus, Ravine 152-94-16A-21H, Antelope-Sanish, t11/17; cum 474K 7/24;
• 33459, 1,192, Enerplus, Canyon 152-94-16A-21H-TF2, Antelope-Sanish, t11/17; cum 516K 7/24;
• 33460, 1,687, Enerplus, Gully 152-94-16A-21H-TF1, Antelope-Sanish, t11/17; cum 406K 7/24;
• 33461, 840, Enerplus, Mesa 152-94-16A-21H, Antelope-Sanish, t3/18; cum 268K 7/24;