Oasis With Three New Erickson Permits, Glass Bluff -- October 17, 2024

Locator: 48610B.

ENB: hit a 52-week high today. Pays 6.5%. 

SRE: hit a 52-week high today. Pays 2.5%.

NVDA: hit a 52-week high today. 

TSM: hit a 52-week high today.

Earnings season: incredibly good and the economic numbers released today, incredible. Exhibit A: Netflix and Intuitive Surgical earnings, released after hours.

Netflix: is going to require a stand-alone post.

The fourth industrial revolution -- the AI revolution. It just doesn't seem to me that (m)any of the CNBC talking heads get it yet. Exception: Jim Cramer.

Investors: one gets the feeling that a lot of investors are not serious about making money. And I'm talking about several contributors on "Fast Money" and "Half-Time Report."

MMF: first time in months, there was a net outflow. Link here. Decreased by $6.56 billion to $6.46 trillion for the week ended October 16, 2024. 

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Back to the Bakken

WTI: $70.84.

Active rigs: 40.

Four new permits, #41253 - #41256, inclusive:

• Operators: Oasis (3); Silver Hill Energy Operating
• Fields: Glass Bluff (McKenzie); North Tioga (Burke)
• Comments:
• Silver Hill Energy has a permit for a Casey E well, NENE 11-159-94, 
• to be sited 420 FNL and 945 FEL;
• Oasis has permits for three Erickson wells, 
• to be sited between 823 FNL, 834 FNL, 823 FNL, and, 794 FEL, 763 FEL, 794 FEL.