Walmart Rips! Director's Cut -- Hess With Four New Permits -- Back Up To 40 Active Rigs -- November 19, 2024

Locator: 44358B.

Wow: Trump taps Dr Mehmet Oz to oversee Medicare and Medicaid. Trump 2.0 is tracked here. Wow, what a trifecta for pseudo-science: Trump, RFK, Jr., and now Dr Oz.

• most recently, in Pennsylvania, Oz lost the US Senate race to someone who is looking more and more mainstream (LOL) everyday, Pennsylvania's former Lt Gov (D) John Fetterman.
• along with DOGE and RFK, JR, Oz could make some huge changes in the Medicare and Medicaid programs. 
• quick! Name the current administrator, Medicare and Medicaid.
  

Walmart (WMT): Walmart beats, rips to a record high.  Whoo-hoo! The consumer is still doing well and this retailer, at least, is executing!

• forward P/E
• Walmart: 34
• Target: 16
• Apple (AAPL), current: 38
• market cap
• Walmart: $700 billion
  
• Target: $70
• well, that's an easy ration to remember!
  

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Director's Cut

Link here.

September, 2024, data posted November 19, 2024:

• oil:
• September, 2024: 1,199,764 bopd
• August, 2024: 1,179,728 bopd 
• natural gas:
• September, 2024: total, 3,567,827 MCF/day; 95% capture
• August, 2024: total, 3,526,788, MCF/day; 95% capture
• in general:
• wells permitted / month: 100
• rig count: 38
• DUCs: 375
• inactive: 1,800
• completed / month: 95, but can be much lower (58 last month, September, 2024)
• producing: actual, September, 2024, new all-time. high: 19,200

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Daily Activity Report

WTI: $69.39.

Active rigs: 40.

Seven new permits, #41349 - #41355, inclusive.

• Operators: Hess (4), Iron Oil Operating 2), Five States Operating Company
• Fields: Wheelock (Williams); Parshall (Mountrail); Bull Creek (Stark)
• Comments:
• Five States has a permit for a Bull Creek oil well, BC 2-21H, SESW 16-138-99, 
• to be sited 250 FSL and 1320 FWL.
• Iron Oil has permits for two Patten wells, NWNW 34-153-89, 
• both to be sited 292 FNL with one 1247 FWL and the second, 1297 FWL;
• Hess has permits for two GO-Dustin Brose wells and two GO-Beck wells, NWNW 29-156-98, 
• to be sited 465 NFL and between 1200 FWL and 1299 FWL.

One permit renewed:

• 36870, BR, Omlid 4-7MBH,Elidah oil field, McKenzie County;

One permit canceled:

• 35362, Iron Oil Operating, Bear Butte 2-11-2H, McKenzie County

Four producing wells (DUCs) reported as completed:

• 39386, 570, BR, Watchman Peak 3-8-11MBH, McKenzie County;
• 39523, 470, Kraken, Blue 2-35-26 2H, Williams County;
• 39524, 323, Kraken, Alamo 3-34-27 5H, Williams County;
• 39252, 383, Kraken, Alamo 3-34-27 4H, Williams County;