Updating A CLR Angus Federal Well In Elm Tree -- March 5, 2024

Locator: 46689CLR_Angus.

The CLR Angus and Angus Federal wells are tracked elsewhere.

The well:

• 33965, 2,746, CLR, Angus Federal 6-16H2, Elm Creek, 26,729 feet; producing as of 5/19; t9/19; cum 210K 3/20;see this post; cum 336K 7/21; cum 457K 6/22; cum 568K 1/24;

Full production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	31	3629	3550	4342	0	0	0
BAKKEN	12-2023	31	3898	4221	5014	20459	20054	0
BAKKEN	11-2023	22	2653	2515	3180	16382	15045	0
BAKKEN	10-2023	31	3629	3552	4342	17886	15970	0
BAKKEN	9-2023	30	5194	5153	5619	23756	21902	0
BAKKEN	8-2023	31	5292	5294	5733	20826	20422	0
BAKKEN	7-2023	31	5516	5482	6043	19886	19485	0
BAKKEN	6-2023	30	5540	5642	6233	21974	21582	0
BAKKEN	5-2023	31	5995	6008	6688	20804	20399	0
BAKKEN	4-2023	30	6593	6488	6817	20124	19732	0
BAKKEN	3-2023	31	6290	6395	6885	18336	17931	0
BAKKEN	2-2023	28	6152	6108	6405	20316	19950	0
BAKKEN	1-2023	31	6971	7019	5899	17198	16793	0
BAKKEN	12-2022	31	6654	6480	3029	14045	13652	0
BAKKEN	11-2022	27	5366	5598	5810	12175	11835	0
BAKKEN	10-2022	31	7687	7653	9079	29443	29040	0
BAKKEN	9-2022	30	8010	7919	9646	25597	25205	0
BAKKEN	8-2022	30	7341	7494	8614	21814	21467	0
BAKKEN	7-2022	31	8510	8490	9910	20180	19776	0
BAKKEN	6-2022	30	7045	7100	7838	12510	12154	0
BAKKEN	5-2022	31	9008	8905	10120	15069	14678	0
BAKKEN	4-2022	29	8979	8935	9444	16575	16236	0
BAKKEN	3-2022	31	11450	11495	12356	16648	15122	0
BAKKEN	2-2022	28	11434	11365	12093	19631	19180	99
BAKKEN	1-2022	31	13005	13105	13920	15344	12026	2931
BAKKEN	12-2021	31	14608	14551	15684	21155	18448	2312
BAKKEN	11-2021	30	14056	13994	14645	19180	17855	933
BAKKEN	10-2021	29	11233	11285	12604	14222	13624	264
BAKKEN	9-2021	20	6615	6667	10454	10334	9998	101
BAKKEN	8-2021	31	12751	12644	20407	18473	17820	248
BAKKEN	7-2021	13	3491	3589	8147	4606	4226	214
BAKKEN	6-2021	16	6133	6051	11072	9966	9124	645
BAKKEN	5-2021	31	12058	12209	24467	18677	16702	1570
BAKKEN	4-2021	25	9328	9440	16406	15012	14558	170
BAKKEN	3-2021	20	15722	15603	17976	24260	23989	20
BAKKEN	2-2021	0	0	0	0	0	0	0
BAKKEN	1-2021	2	0	121	1	1	0	0
BAKKEN	12-2020	1	58	0	5	7	0	0
BAKKEN	11-2020	30	15349	15329	12199	49072	47188	1505
BAKKEN	10-2020	31	18380	18322	15151	46877	45163	1308
BAKKEN	9-2020	30	20338	20385	17688	42792	42391	8
BAKKEN	8-2020	20	14394	14326	11116	26346	26117	6
BAKKEN	7-2020	2	5	0	37	12	11	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	21	11338	11367	7391	31862	31584	24
BAKKEN	3-2020	31	19758	19831	15204	47999	46310	1278
BAKKEN	2-2020	29	21831	21936	16898	49142	45169	3973
BAKKEN	1-2020	31	29273	29137	18579	57555	55012	2543
BAKKEN	12-2019	31	34465	34758	20394	59876	55076	4800
BAKKEN	11-2019	30	39145	38857	23314	64748	48000	16748
BAKKEN	10-2019	31	37333	37630	24910	61015	44825	16190
BAKKEN	9-2019	16	26066	25305	18526	43308	22114	21194
BAKKEN	8-2019	0	0	0	0	0	0	0
BAKKEN	7-2019	0	0	0	0	0	0	0
BAKKEN	6-2019	0	0	0	0	0	0	0
BAKKEN	5-2019	4	1951	1951	1900	2615	0	2615

Active Rigs Jump To 43; Five DUCs Reported As Completed -- March 5, 2024

Locator: 46688B.

WTI: $78.17.

Active rigs: 43.

One new permit, #40565:

• Operator: Neptune Operating
• Field: Elk (McKenzie)
• Comments: 
• Neptune has a permit for a Simpson well, SESW 32-152-102; 
• to be sited 466 FSL and 1402 FWL.

Two permits renewed:

• Petroshale: two Bear Chase North wells, Spotted Horn, McKenzie County;

Five producing wells (DUCs) reported as completed:

• 38034, 1042, Petroshale, Tahu 3TFH, McKenzie;
• 39947, 672, Oasis, Archerfield 5602 43-16 5BX, Williams;
• 39948, 501, Oasis, Archerfield 5602 43-16 4B, Williams;
• 39949, 672, Oasis, Archerfield 5602 43-16 3B, Williams;
• 39950, 572, Oasis, Archerfield 5602 43-16 2BX, Williams;

Two neighboring wells of interest remain off line:

• 20786,
• 20787,

Grocery Prices In North Texas Falling Fast -- Kroger -- March 5, 2024

Locator: 46687GROCERY.

I haven't seen tuna under a dollar in ... like ... forever. Trending toward $2.00 in many places.

No one in the area still sells three bollilo rolls for a buck. This has been the "standard" price for ... a .. decade? And these are huge rolls. Probably equal to a Subway 8" if Subway had 8" rolls.

Are you kidding me? Progresso soup under $2.00 / can?

No one else has chips this cheap:

CNBC tells me boxes of cereal are priced at $7.50 in NYC. How about under $2.50 in Texas?

You can check out the prices for wine, but look at that sake. Kroger could sell it for $11.99 but they price it at $6.99 -- which, by the way, is its usual price -- this is not on sale. $6.99 is their usual price -- at least it has been for the past year.

And those $4.99 eggs in NYC? $1.99 here in north Texas -- which is the going price at all stores this week, except Target, still $2.79 or something ridiculous like that.

Still No Reason For Doofus To "Pause" Permitting New LNG Export Terminals -- March 5, 2024

Locator: 46686LNG.

Link here.

But depending on how the language of the "executive order" is written to "pause," it may be favorable to those who already have terminals and licenses.

The MRO Amandus Pad In Killdeer Oil Field Updated -- March 5, 2024

Locator: 46685MRO.

See this post.

Second Jump In Production For This Killdeer Well -- March 5, 2024

Locator: 46684MRO.

From December 21, 2014:

• 17753, 553 (no typo), MRO, Strommen 34-8H, Killdeer, t6/09; cum 193K 10/14:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2014	4	80	459	11	262	31	214
BAKKEN	9-2014	30	10396	10307	7154	6956	3427	2240
BAKKEN	8-2014	7	3512	3364	5	2451	1556	859
BAKKEN	7-2014	1	97	0	0	44	0	44
BAKKEN	6-2014	17	787	931	103	641	378	167
BAKKEN	5-2014	31	1513	1613	213	1166	665	321

 ********************************

 

Now, most recently:

• 17753, 553 (no typo), MRO, Strommen 34-8H, Killdeer, t6/09; cum 193K 10/14; cum 598K 1/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	31	14241	14513	27070	11186	11072	55
BAKKEN	12-2023	31	17686	17669	41309	13507	13389	54
BAKKEN	11-2023	28	12555	12537	43300	12370	12295	15
BAKKEN	10-2023	16	5750	5731	33303	2960	2926	17
BAKKEN	9-2023	0	0	0	0	0	0	0
BAKKEN	8-2023	0	0	0	0	0	0	0
BAKKEN	7-2023	0	0	0	0	0	0	0
BAKKEN	6-2023	7	377	545	312	690	651	0
BAKKEN	5-2023	31	2149	2295	1121	3936	3555	191
BAKKEN	4-2023	30	2272	2240	1007	3589	3205	200
BAKKEN	3-2023	31	2330	2101	1044	3576	2752	635

A Reminder: 70% of US GDP Is Made Up Of Consumer Spending -- March 5, 2024

Locator: 46683ECON.

GDPNow: March 1, 2024. 2.1. Link here. A dynamic link.

Cheerfulness: Google: growing economic optimism among respondents -- a line I took from an article in a recent business magazine. 

Gloom and doom: without question, the "Nightly News" is the worst "thing" young impressionable adults can watch. Fortunately they don't. What I see on the first 20 minutes of ABC News each night is exactly the opposite of what I see in real America, at least that part of American in which I reside.

Personal Note -- For The Family -- March 5, 2024

Locator: 46682ARCHIVES.

Wow, I couldn't be happier. 

Investing: The equity market is giving investors an opportunity they don't often see.

As mentioned earlier, I will be buying a lot of AAPL by the end of this week. No recommendation.

Then each of the following three weeks in March, one stock each week from my various buckets. CAT will be one of the weekly buys. Again, no recommendation. The last two weeks: NVDA, AMD, ENB, CHRD, NOG, based on price.

Brunch: an American revolution. Great interview with CEO of "First Watch" was awesome. Average check for breakfast, $16.50. Very affordable. Me? I prefer the "Brunch District." It might have two restaurants but it's going to be huge.

Lego: still collecting Lego sets. Can't talk about them because my daughter reads the blog and everything I buy is with the four-year-old grandsons in mind. However, see #4 at this site, the "Razor Crest," #75331. Available at our local re-sale store for $500. My daughter told me never to collect Star Wars. The "Razor Crest" is exhibit A. At the Lego site. This is an immense piece and can only be appreciated in person. Photographs do not do it justice. The video at the Lego site is about as good as you can do if you can't see it in person.

Reading: wow, wow, wow. What a surprise. I doubt I will read any biography any better than the coming of age bio of Jackie Bouvier Kennedy by Carl Sferrazza Anthony, c. 2023. Absolutely fascinating. Her relationship with JFK before they got married is very, very interesting. Explains a lot. This JFK clearly married above his pay grade. Princess Di, at best, would have been a lady-in-waiting. 

Weather: a bit breezy today; high will be 80°P. Sunny. Almost perfect for biking, except for the slight breeze.

BRK At A Scary Time For AAPL -- March 5, 2024

Locator: 46681APPLE.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

Link here. 

Link here.

CNBC:

It's All About Apple This Week -- March 5, 2024

Locator: 46680APPLE.

Updates

Later, 3:50 p.m. CT: comparisons -- 

Later, 3:49 p.m. CT: link here --

Original Post 

Featuring an 8-core CPU, up to a 10-core GPU, and support for up to 24GB of unified memory, the new MacBook Air is up to 60 percent faster than the model with M1 and up to 13x faster than the fastest Intel-based MacBook Air, according to Apple.  

For context:

• my workhorse: a 2018, Intel-based 13" MacBook Air;
• my backup and on-the-road stallion: a 2020 M1 13" MacBook Air
• by this time next year, the mustang: a 2024 M3 15" MacBook Air

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

Personal investing: 

• adding significant amount of AAPL to my position, this week (not necessarily today)
  
• currently only AAPL is in my "tech" bucket
• only ticker I'm buying this week AAPL

Apple announcing new M3 products this month.

Need to start here: twice the speed at half the cost -- that was a year ago. It just gets better and better.

This was last year:

In lane one: the highest-end Intel-based Mac Pro with a (holy mackerel look at this) 28-core Xeon W processor: cost? It starts at $12,999. Remember this is an Apple Mac Pro using an Intel-processor; two configurations:

• single-core
• multi-core

In lane two: the new Apple-chip Mac Pro, two configurations

• single-core
• multi-core

Results: 

• first race, single core:
• in lane one: INTEL MAC PRO speed, single core: 1,378 mph 
• in lane two: APPLE MAC PRO speed, single core: 2,794 mph
• first race, multi-core:
  
• in lane two: INTEL MAC PRO speed, multi-core: 10,390 mph
• in lane one: APPLE MAC PRO speed, multi-core: 21,453 mph

Again:

• Intel best: 10,390 mph
• Apple: 21,453 mph

Price:

• Intel best: starts at $12,999
• Apple: $6,999

In other words, buy the top-of-the line Intel-based Apple Mac Pro for twice the cost of the Apple M2 Mac Pro and get half the speed.

******************************
So, Now, March, 2024

The above "race" was between the two "ultra-high" end computers last summer.

Since then, Apple has moved from M1, quickly through M2 (a marketing ploy, simply two M1s), and now the M3.

Link here. 

So, again, the race above, between ultra-high end computers last year, two huge desktops:

• Intel best, $12,999: 10,390 mph
• Apple best, $6,999: 21,453 mph

Now, the Apple MacBook Air with the new M3 chip, three wide going into the first turn:

• Intel best, $12,999: 10,390 mph.
• Apple best, $6,999: 21,453 mph.
• Apple new M3 laptop, the 15" MacBook Air: $1,299: 10,120 mph.

Featuring an 8-core CPU, up to a 10-core GPU, and support for up to 24GB of unified memory, the new MacBook Air is up to 60 percent faster than the model with M1 and up to 13x faster than the fastest Intel-based MacBook Air, according to Apple.

From the link:

Tuesday, Tuesday -- A Great Day To Blog About Apple -- March 5, 2024

Locator: 46679B.

WTI: $78.46.

Wednesday, March 6, 2024: 92 for the month; 151 for the quarter, 151 for the year
39572, conf, Grayson Mill, Barracuda 150-100-2-11-8H,

Tuesday, March 5, 2024: 91 for the month; 150 for the quarter, 150 for the year
None.

RBN Energy: Chesapeake counters gas-price nadir with output slash, innovative inventory build.

Faced with sustained sub-$2/MMBtu natural gas prices and dim prospects for significant gas-demand growth until sometime next year, a number of major gas-focused E&Ps have been tapping the brakes on production and trimming their planned 2024 capex. But one company — Chesapeake Energy, slated to become the U.S.’s largest gas producer thanks to a recently announced acquisition — has taken a more dramatic step, implementing a novel strategy that will slash production by 25% but leave the E&P ready to quickly ramp up its output as soon as demand and prices warrant. In today’s RBN blog, we’ll review the 2024 guidance of the major U.S. gas producers and delve into the analysis of Chesapeake’s unusual approach.

Natural gas prices have declined severely over the past two or three weeks, and a few days ago (February 20) the March contract settled at $1.576/MMBtu. In nominal dollars, that was the lowest front-month price since the summer of 2020, but in real, inflation-adjusted terms it was the lowest price of the 21st century. The primary culprits are record-high production, which reached 106 Bcf/d in December 2023, combined with one of the mildest winters since the 1950s in many major U.S. heating markets. As a result, gas-storage levels are now more than 25% higher than the five-year average.

Target Sales Fall For First Time Since 2016 — March 5, 2024

Locator: 46678TARGET.

Link here. Beats on top and bottom lines. Did Carl miss the story?

Shares surge. Up 8% in pre-market trading.

Target’s profit pops 60%. Tough 2023; Serbs up for a better 2024.

All improved: supply chain, freight costs, and energy costs.

As in Target’s previous quarter, the company reaped the benefits of having leaner inventories as it recovers from the overstocking that dinged profitability in the second half of 2022. Pared-down warehouses means Target doesn’t have to mark items down as aggressively as it has in the past two years, padding the bottom line. Lower freight and shipping costs boosted profitability as well, the company said, as did broad-based efficiency efforts that Target says helped save over $500 million over the course of the year.