MRO Proposes Four Overlapping 2560-Acre Drilling Units In Bailey Oil Field -- January 23, 2024

Locator: 46627B.

From the hearing dockets, Wednesday, February 21, 2024, this is a case, not a permit:

• Case 30670, MRO, Bailey and/or Werner-Bakken, establish four overlapping 2560-acre units; one well in each, Dunn County:
• four overlapping 2560-acre spacing units described as Sections 13, 14, 23 and 24; Sections 14, 15, 22 and 23; Sections 26, 27, 34 and 35; and Sections 27, 28, 33 and 34, T.146N., R.93W., Dunn County, ND, and authorize one horizontal well to be drilled on each such unit, or granting such other relief as may be appropriate.

 The maps:

Hess Proposes Ten Wells In A 1280-Acre Unit In Beaver Lodge -- January 23, 2024

Locator: 46626B.

From the hearing dockets, Wednesday, February 21, 2024, this is a case, not a permit:

Case 30676, Hess, Beaver Lodge-Bakken, ten wells on a 1280-acre unit; Williams County; 1280-acre unit: sections 16/21-156-95.

The maps:

The existing wells --

• 30675, dry, Hess, BL-Odegaard-156-95-2116H-9, Beaver Lodge,
• 30674, 458, Hess, BL-Odegaard-156-95-2116H-8, Beaver Lodge, t1/16; cum 125K 11/23;
• 30673, 503, Hess, BL-Odegaard-156-95-2116H-7, Beaver Lodge, t12/15; cum 62K 11/23;
• 30672, 565, Hess, BL-Odegaard-156-95-2116H-6, Beaver Lodge, t12/15; cum 125K 11/23;
• 30671, 619, Hess, BL-Odegaard-156-95-2116H-5, Beaver Lodge, t12/115; cum 89K 11/23;

Back To The Bakken -- January 23, 2024

Locator: 46625B.

Portland, Oregon: there are reports that upwards of a dozen people died during freezing weather in Portland, OR, because some warming centers were closed during the ice storm. 

Getting very little national attention. On the other hand, no one died during the recent Boeing a/c loss of an exit door panel and that story is getting days and days of national attention and headlines. In some parts of Portland, Oregon, residents were without electricity for more than eight days. Last update was a couple days ago; no update if electricity is now restored.

*****************************
Back to the Bakken

WTI: $74.53.

Active rigs: 39.

Four new permits, #40464 - #40467, inclusive:

• Operator: Enerplus; Kraken (3)
• Field: Lone Butte (Dunn County); and, Hebron (Williams)
• Comments:
• Enerplus has a permit for a Devils Canyon well, SWSE 8-147-97, 
• to be sited 1076 FSL and 1652 FEL;
• Kraken has permits for two Milloy wells and one Fasching LE well, NENE 15-155-104, 
• to be sited 450 FEL and between 388 FNL and 454 FNL;

Three producing wells (DUCs) reported to be completed:

• 39779, 698, Oasis, Blanchet Federal 5693 14-21 3B,
• 39781, 818, Oasis, Blanchet Federal 5693 14-21 5B,
• 39823, 1,441, Grayson Mill, Figaro 32-29 4H,

Bull Market? Huge, Huge, Huge Netflix Earnings Report After Hours -- Texas Instruments EPS -- A Beat -- January 23, 2024

Locator: 46624ECON.

Updates

January 23, 2024: Netflix beats on revenue; NETFLIX misses on EPS, but after hours Netflix surges -- up $42 due to subscriber growth.  

January 23, 2024: beat on revenue; Texas Instruments but misses on EPS -- shares are down after hours. Guidance weak.

January 23, 2024: S&P 500 closes at a new record high for the third straight day. NASDAQ 100 also sets all-time high.

January 23, 2024: anchors, analysts, and annoying talking heads continue to ask the wrong question when talking about the Fed and reading the entrails to come to some 

January 22, 2024: another talking head says a recession this year, but "refuses to say the "r" word." But CNBC anchor called him out on that and that interviewee agreed that was exactly what he was saying but wouldn't use the "r" word. LOL

Original Post

A contrarian (?) on CNBC during the noon hour was still arguing that there will be a recession in 2024. His thesis: the Fed is doing a great job controlling inflation. They will not cut rates until they see labor market down to their goal but by that time it will be too late to start cutting rates, which will mean a recession. The analyst feels the labor market numbers are a lagging indicator. 

Near the close today, a Schwab spokesperson was as wishy-washy as he could possibly be. It's clear he missed the rally in 2023, and is still skittish, leaning toward a recession. CNBC moderator called him out many, many times. Poor, poor interviewee / analyst. The longer the interview lasted, the worst it got. What a disappointment. Direct question: what will the Fed do this year? What will the market do this year? What is your thesis going forward? Answer: it all depends. We will know next year. LOL. I hope he’s not your broker. LOL.

From tipranks:

From yesterday, January 22, 2024:

Sweden On Way To Join NATO -- Turkey -- Last Vote That Was Needed -- January 23, 2024

Locator: 46624B.

Sweden - Turkey: 

********************************
Back to the Bakken

WTI: $74.50.

Wednesday, January 24, 2024: 44 for the month; 44 for the quarter, 44 for the year
37345, conf, Whiting, Bigfoot 23-11 5H,

Tuesday, January 23, 2024: 43 for the month; 43 for the quarter, 43 for the year
None.

RBN Energy: Blue Marlin Offshore Port stays in the export race with a little help from TotalEnergies. Archived.

As we step into the new year with record-high U.S. crude oil production and export volumes as strong as ever, there’s a race underway among four offshore export projects that aim to tap into those rising supplies and — with their ability to fully load Very Large Crude Carriers (VLCCs) without any reverse lightering — push export volumes to new heights.

While Enterprise Products Partners’ Sea Port Oil Terminal (SPOT) might be leading the development race so far, Energy Transfer’s (ET) Blue Marlin Offshore Port has momentum also. In today’s RBN blog, we update Blue Marlin’s progress, look at the critical role anchor shippers play in project development, and show how growing offshore exports could impact existing onshore terminals. 

NDIC Hearing Dockets -- February, 2024

Locator: 46623DOCKETS.

February hearing dockets posted.   

Link here.

The NDIC hearing dockets are tracked here.

As usual this is done very quickly and using shorthand for my benefit. There will be factual and typographical errors on this page. Do not quote me on any of this. It's for my personal use to help me better understand the Bakken. Do not read it. If you do happen to read it, do not make any investment, financial, job, relationship, or travel plans based on anything you read here or think you may have read here. If this stuff is important to you, and I doubt that it is, but if it is, go to the source. These are cases, not permits.

Friday, February 23, 2024,
Two Cases

The cases:

• 30663, Resonance Exploration, unitization plan for the South Westhope-Charles (Huber) Unit Area, Bottineau County;
  
• 30664, Resonance Exploration, unitization plan for the South Westhope-Charles (Huber) Unit Area, Bottineau County;

Thursday, February 22, 2024 
Seven Pages

The cases: 

• 30668, Incline Bakken, revoke permit issue to phoenix Operating to drill #40447, Daniele 26-35-2 3H; Divide County.
  
• 30689, South Tobacco Garden-Bakken, Grayson Milll, establish an overlapping 2560-acre unit; one well; McKenzie County.
  
• 30690, NDIC, review to determine if a sufficient number of well have been drilled in a particular 2560-acre unit, McKenzie and Williams counties;
  
• 30691, Starbuck, Empire North Dakota, recomplete #40245, Walleye 32-8 1H, Bottineau County;
• 30692, Starbuck, Empire North Dakota, recomplete #16897, SMU 14-21 1, Bottineau;
• 30693, Lost Bridge-Bakken, XTO, two wells to be used as injections wells for a pilot EOR operation; #32917, Nygaard Federal 13X-58XC; and, #32921, Nygaard Federal 13X-5AXD, Lost Bridge-Bakken, Dunn County;
• 30694, EOG, Parshhall-Bakken, establish two overlapping 1920-aacre units; one well on each unit; Mountrail County;
• 30695, Wave Petroleum, SWD --> freshwater well; Gaylord Field, Stark County;
• 30696, Phoenix Operating, Green Lake and/or Blue Ridge-Bakken, establish a 2560-acre; 5 wells; Williams County;
• 30697, Dakota Energy, Dimond, Clear Water, Vanville, Niobe-Bakken, establish three overlapping standup 1920-acree units; four on each unit; total of 12 wells; Burke County
• 30698, Dakota Energy, Noonan-Bakken, estaablish a standup 1920-aacre unit; four wells; Divide County;
• 30699, Regnar Exploration, pooling;
• 30700, Regnar Exploration, pooling;
• 30701, Cobra Oil & Gas, pooling;
• 30702, Grayson Mill, pooling;
• 30703, Grayson Mill, South Tobacco Garden-Bakken; eight wells on an existing 1280-acre unit; McKenzie County; see this post.
  
• 30704, EOG, pooling;
• 30705, EOG, pooling;
• 30706, EOG, pooling;
• 30707, CLR, commingling,
• 30708, CLR, commingling,
• 30709, CLR, commingling,
• 30710, CLR, SWD,
• 30711, CLR, SWD,
• 30712, Slawson, SWD
  

Wednesday, February 21, 2024
Seven Pages

The cases:

• 30665, NDIC, establish spacing units in the Burg, Big Stone, and Skabo-Bakken, numerous operator, Divide, Williams
  
• 30666, NDIC, establish or alter spacing units in the Bailey and Murphy Creek-Bakken, T144-R94; and T143-R94; Dunn County;
• 30667, Hess, Beaver Lodge-Bakken, establish an overlapping standup 1920-acre unit; four wells; establish an overlapping 3840-acre unit, one well; Williams County;
• 30668, Hess, Big Butte-Bakken, establish an overlapping 2560-acre unit; one well, Mountrail County;
• 30669, Hess, Blue Buttes-Bakken, establish an overlapping laydown 1280-acre unit; one well; McKenzie County;
  
• 30670, MRO, Bailey and/or Werner-Bakken, establish four overlapping 2560-acre units; one well in each, Dunn County:
• four overlapping 2560-acre spacing units described as Sections 13, 14, 23 and 24; Sections 14, 15, 22 and 23; Sections 26, 27, 34 and 35; and Sections 27, 28, 33 and 34, T.146N., R.93W., Dunn County, ND, and authorize one horizontal well to be drilled on each such unit, or granting such other relief as may be appropriate. See this post.
  
• 30671, NDIC, consider the temporarily abandoned status of #6738, E. J. Feland 25-6; Haas Field, Bottineau;
• 30672, NDIC, SWD,
• 30673, NDIC, a bond issue;
• 30674, MRO, Bailey-Bakken, eight wells on two standup 1280-acre units; Dunn County; I can't tell if this is a total of eight wells or 8x2 = 16 wells. I suspect the latter.
  
• 30675, Hess, Beaver Lodge-Bakken, six wells on a 1280-acre unit; Dunn County;
• 30676, Hess, Beaver Lodge-Bakken, ten wells on a 1280-acre unit; Williams County; 1280-acre unit: sections 16/21-156-95. See this post.
  
• 30677, Hess, pooling
• 30678, Hess, pooling
• 30679, Hess, pooling
• 30680, Hess, pooling
• 30681, Hess. commingling
• 30682, Hess. commingling
• 30683, Hess. commingling
• 30684, True Oil, pooling
• 30685, Grayson Mill, commingling,
• 30686, Petro-Hunt, pooling,
• 30687, SET Williston, pooling,
  

Tuesday, February 13, 2024
One Case

The cases (both are continued cases):

• 30604.
• 30606,

Chiefs - Bill -- Ratings -- January 23, 2024

Locator: 46622NFL.

Link here.

The number to beat was either 16 million or 23 million depending on methods. See this post.

This put it at number four on the 2023 (last year's) list.

The number: 40 million.

Super Bowl viewers:

• 2023: 115 million
• 2022: 100 million
• 2021: 93 mlllion
• 2020: 102 million (Chiefs vs 49ers) (Covid lockdown)
• 2019: 99 million
• 2018: 104 million
  
• 2017: 112 million