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Tuesday, March 5, 2024

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:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202431362935504342000
BAKKEN12-20233138984221501420459200540
BAKKEN11-20232226532515318016382150450
BAKKEN10-20233136293552434217886159700
BAKKEN9-20233051945153561923756219020
BAKKEN8-20233152925294573320826204220
BAKKEN7-20233155165482604319886194850
BAKKEN6-20233055405642623321974215820
BAKKEN5-20233159956008668820804203990
BAKKEN4-20233065936488681720124197320
BAKKEN3-20233162906395688518336179310
BAKKEN2-20232861526108640520316199500
BAKKEN1-20233169717019589917198167930
BAKKEN12-20223166546480302914045136520
BAKKEN11-20222753665598581012175118350
BAKKEN10-20223176877653907929443290400
BAKKEN9-20223080107919964625597252050
BAKKEN8-20223073417494861421814214670
BAKKEN7-20223185108490991020180197760
BAKKEN6-20223070457100783812510121540
BAKKEN5-202231900889051012015069146780
BAKKEN4-20222989798935944416575162360
BAKKEN3-20223111450114951235616648151220
BAKKEN2-202228114341136512093196311918099
BAKKEN1-20223113005131051392015344120262931
BAKKEN12-20213114608145511568421155184482312
BAKKEN11-2021301405613994146451918017855933
BAKKEN10-2021291123311285126041422213624264
BAKKEN9-2021206615666710454103349998101
BAKKEN8-2021311275112644204071847317820248
BAKKEN7-20211334913589814746064226214
BAKKEN6-202116613360511107299669124645
BAKKEN5-20213112058122092446718677167021570
BAKKEN4-20212593289440164061501214558170
BAKKEN3-202120157221560317976242602398920
BAKKEN2-20210000000
BAKKEN1-2021201211100
BAKKEN12-202015805700
BAKKEN11-20203015349153291219949072471881505
BAKKEN10-20203118380183221515146877451631308
BAKKEN9-20203020338203851768842792423918
BAKKEN8-20202014394143261111626346261176
BAKKEN7-20202503712110
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-20202111338113677391318623158424
BAKKEN3-20203119758198311520447999463101278
BAKKEN2-20202921831219361689849142451693973
BAKKEN1-20203129273291371857957555550122543
BAKKEN12-20193134465347582039459876550764800
BAKKEN11-201930391453885723314647484800016748
BAKKEN10-201931373333763024910610154482516190
BAKKEN9-201916260662530518526433082211421194
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20194195119511900261502615

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.

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:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20144804591126231214
BAKKEN9-20143010396103077154695634272240
BAKKEN8-2014735123364524511556859
BAKKEN7-20141970044044
BAKKEN6-201417787931103641378167
BAKKEN5-201431151316132131166665321

 ********************************
 
Now, most recently:
  • 17753, 553 (no typo), MRO, Strommen 34-8H, Killdeer, t6/09; cum 193K 10/14; cum 598K 1/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202431142411451327070111861107255
BAKKEN12-202331176861766941309135071338954
BAKKEN11-202328125551253743300123701229515
BAKKEN10-20231657505731333032960292617
BAKKEN9-20230000000
BAKKEN8-20230000000
BAKKEN7-20230000000
BAKKEN6-202373775453126906510
BAKKEN5-20233121492295112139363555191
BAKKEN4-20233022722240100735893205200
BAKKEN3-20233123302101104435762752635

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.