Sunday Night -- March 24, 2024

Locator: 46832INV.

**********************
Easter

I just walked to the balcony to shut the door and saw the huge, beautiful, yellow moon. Today is the 24th; tomorrow is the 25th, a full moon. The equinox was last week!

Next Sunday: Easter.

***************************
Measles

March 24, 2024: I was going through my list of ticker symbols to look at tomorrow when the market opens. I guess I can scratch DIS off the list.

If Disney thought Covid was bad for the park, just wait for measles. Link here.

An Evening With Dan Buettner -- A Shout-Out To Our Broker -- March 24, 2024

Locator: 46831ARCHIVES.

The other night we had a wine tasting with Dan Buettner via Zoom. Awesome. Maybe more on this later.

Signed copy.

Dan recommends Connonau red wine from Sardinia.

I assume Connanau red wine is the table wine in southeastern Sardinia probably priced at an American dollar or so; here at Total Wine and More? $18.99.

********************************
USAF Memories

Many months I've spent in Decimomannu NATO Air Base, Sardinia, on temporary deployment supporting F-15s out of Bitburg, Germany.

I was stationed at Bitburg Air Base, Germany, from 1983 to 1986 and 1989 - 1992. 

At Bitburg, home of the 36th Tactical Fighter Wing, there were three squadrons: the 22nd (my squadron); the 52nd (the NATO Tiger squadron); and the 525th (the Bulldog squadron). 

While assigned to Bitburg AB, we experienced the following F-15 losses: 

• 1 June 1983: F-15C, 79-0071, of the 53rd TFS, 36th TFW, USAF, collided with F-15C 80-0008 and crashed near Kusel, West Germany. Pilot ejected and survived. We arrived in Bitburg in late June, 1983.
  
• 1 June 1983: F-15C, 80-0008, of the 53rd TFS, 36th TFW, USAF, collided with F-15C 79-0071 and crashed near Kusel, West Germany. Pilot was killed.[
• 10 April 1984: F-15C, 79-0044, of the 525th TFS, 36th TFW, USAF, crashed near Lommersdorf, West Germany.[7] Pilot ejected and survived.
• 7 January 1986: F-15C, 79-0061, of the 525th TFS, 36th TFW, USAF, crashed after colliding with F-15C 80-0032 near Rimschweiler, West Germany. Pilot ejected and survived.
• 7 January 1986: F-15C, 80-0032, of the 525th TFS, 36th TFW, USAF, crashed after colliding with F-15C 79-0061 near Rimschweiler, West Germany. Pilot was killed.
• 24 October 1990: F-15C, 79-0067, of the 525th TFS, crashed into the Mediterranean Sea off Decimomannu Air Base, Sardinia, Italy. Pilot ejected and survived.

This was the commander's aircraft for the 22nd Tactical Fighter Squadron (my squadron, as noted above). Photo take in 1991 during my second Bitburg tour.

 *************************
Decimomannu Air Base

This Chart Still Blows Me Away -- And The US Is On Track For 14 Million BOPD - March 24, 2024

Locator: 46830PRODUCTION.

Link here. 

Sunday, March 24, 2024

Locator: 46829LINKS.

Reminder --

Temporary links:

• March Madness:
• women's;
• men's;

As well as NASCAR today. 

What I'm not doing today is shoveling snow.  

**************************
Huey and Sophia

BFFs.

How To Read A Production Statement -- March 24, 2024

Locator: 46828B.

This well is tracked here.

The maps:

The scout ticket and production data:

*********************
Reading The Production Statement

Wow, wow, wow -- a reader whom we will call Tucker just noted a new well on his / her monthly production statement. Tucker has never paid much attention with his / her production statements but with a brand new well, Tucker thought it was a great time to see if I could help him / her with reading / making out the production statement. So, this weekend, I will post some YouTube videos explaining oil production statements. 

This should be fun.

Okay, I've started taping the videos. 

These videos are very amateurish.

I may have a lot of this wrong, and all of this information can be found on the web posted by much more knowledgeable folks and much more professionally. I often use terms incorrectly, and I often round numbers, so take all of this with a grain of salt. I'm simply trying to explain to a reader how to read his/her production statement. 

I'm hoping to provide enough information -- right, wrong, whatever -- to get the reader started. 

Feel free to fact-check and re-run the numbers. 

Again, this is for one reader; it is not for the general audience. If in any way you think this might affect your own minerals, go to other sources for better and more accurate information. 

I think Clip 1 is the worse; I may re-do it.

Clip 2 is of the well itself -- where it's located, etc.

Clip 3 is probably the one the reader is most interested in -- how to calculate the decimal unit and how the decimal unit is useful.

So, here goes.

Clip 1:
Clip 2: There is an error in the spreadsheet that I produced for this video but that error has been corrected in the post and in clip 3 below. It does not matter with regard to what I was posting in Clip 2.


Clip 3: Note only major error in this clip. I stated that the 2560 acre drilling unit was two sections, one mile by two miles. In fact, a 2560-acre drilling unit is four sections, two miles by two miles or one mile by four miles -- both methods giving one four square miles of surface area and four square miles in the drilling unit.

It's All Relative -- The US Economy -- March 24, 2024

Locator: 46842ECON.

By the way, if you really want to read how badly the UK is doing, read the two-page essay in the latest issue of The New York Review of Books.  The lede:

When we returned to London in 2015, after twelve years in the US, we could not get our son into the local elementary school.

His class in Hackney, the neighborhood where we live, had the maximum of thirty kids in it, and none were leaving. Pretty much all the nonreligious schools in the area were at full capacity, too. He ended up getting a spot at a school two miles away.

When our daughter started kindergarten a couple of years later, her class was also capped at thirty, and full. Today her class has just fifteen kids in it. Next year the school—located, apparently without irony, on the borough’s first “21st Century Street,” with dedicated green space, bicycle parking, electric vehicle charging, and 40 percent “tree canopy cover”—will close. (It is merging with another undersubscribed school across the main road.) So will more than ninety across the country.

Low birth rates and Brexit-induced emigration have forced these changes.

On average, elementary school classes in England are at 88 percent capacity, but in some areas, including my fashionable but still quite poor quarter, the rate is far lower. Not only are the schools shrinking and shutting down—the kids who go to them are getting smaller. After more than a decade of austerity, British five-year-olds are a full centimeter shorter now than they were in 2010, and they are becoming significantly shorter than children in other countries.

I can’t help recalling what Kristian Jensen, the Danish finance minister, said in 2017, not long after the United Kingdom voted to leave the EU: “There are two kinds of European nations. There are small nations and there are countries that have not yet realized they are small nations.” 

But this is the zinger:

Britain’s decline is relative, of course (its economy remains the sixth largest in the world), but it is real (it was fifth until the end of 2021, when India, its erstwhile colony, overtook it). Decades ago this diminishment was understood to be gradual and generational. After the Suez Crisis in 1956, there was an attempt to retreat to this smaller position in an orderly manner.

I’m fifty-five, and my generation’s parents grew up in a virtually monoracial country, reliant on heavy industry, with the globe colored pink to mark British territories. I was raised to learn the metric system, the names of new countries—Zimbabwe, Benin, Burkina Faso—in a nation that saw itself as the stable conduit between Europe and America, with postcolonial ties across the globe.

My children’s cohort has adjusted to an economy in which Indian restaurants employ more people than steel, coal, and shipbuilding all put together, and membership in the EU is a fact of history

I remember our four years in Boston, meeting many, many foreign students studying at Harvard or MIT, and dreading having to go back to their home countries. Perhaps one exception: the family we met from Finland. 

********************************
Growth

By The Economist, of all things. Link here. 

I could be wrong, but it certainly looks like things have picked up nicely since the election of 2021.

And from Barron's:

 
And the Fed is yet to make that first cut.

Will They Survive The EV Slowdown? March 24, 2024

Locator: 46841EVS.

Tesla: link here. Ouch! What happened between 2019 - 2022 and 2023 - 2024?

A nice update / overview, link here.

RIVIAN: a pop-up pup tent on top of the cab! Whoo-hoo! For $75,000.

Southern Alberta Production -- March 24, 2024

Locator: 46840CANADA.

Link here.

Either I'm misreading things, or doing calculations incorrectly, but take a look at the link and screenshots

I'm probably misreading something.

The Apple MacBook Air / Pro Line-Up -- March 24, 2024

Locator: 46839APPLE.

The Apple MacBook Air / Pro lineup is incredible. Something for everyone but most folks' needs will be met by one:

 

Follow-Up -- That Drowning In Texas -- March 24, 2024

Locator: 46838ALCOHOL.

Tag: "not the Tesla."

 The first link / story below was a follow-up to the original post. Egg on reporters' face?

A most bizarre story, link here:

The initial story, by same author(s), link here. Maybe they should have waited for the autopsy and toxicology results.

Production Data For Wells Reporting This Next Week -- March 24, 2024

Locator: 46837WELLS.

The wells:

• 36082, conf, Hess, BB-Federal A-LS-151-95-1615H-11, Blue Buttes,

Date	Oil Runs	MCF Sold
1-2024	25119	62164
12-2023	31228	61362
11-2023	29622	53703
10-2023	36151	67614

• 38972, conf, SOGC, Harris Federal 3-31H, Lone Butte, npd,
• 39402, conf, Hess, TI-Ives-157-94-0601H-2, Tioga,

Date	Oil Runs	MCF Sold
1-2024	12593	14625
12-2023	12850	14333
11-2023	9733	17876
10-2023	6115	6360

• 40114, conf, CLR, Lundberg Federal 8-8HSL1, Jim Creek, npd,
• 40113, conf, CLR, Lundberg Federal 7-8H, Rattlesnake Point, npd,
• 39643, conf, Oasis, Streamsong 5502 11-17 3B, Squires,

Date	Oil Runs	MCF Sold
1-2024	29026	21559
12-2023	29052	21274
11-2023	21937	15379
10-2023	27573	17925
9-2023	1029	709

• 39722, conf, WPX, Bull Moose 28-27HS, Reunion Bay, npd,
• 39642, conf, Oasis, Streamsong 5502 11-17 2B, Squires,

Date	Oil Runs	MCF Sold
1-2024	22544	17086
12-2023	21174	14998
11-2023	20056	13201
10-2023	19805	13000

• 39249, conf, Whiting, S-Bar Carmen 5393 34-1 2B, Sanish,

Date	Oil Runs	MCF Sold
1-2024	17182	24203
12-2023	15579	13648
11-2023	18195	17293
10-2023	23422	24834
9-2023	202	201

• 40112, conf, CLR, Lundberg Federal 6-8H, Rattlesnake Point, npd,
• 39723, conf, WPX, Bull Moose 28-27HF, Reunion Bay, npd,
• 40172, conf, Morgan E&P, Baranko 1-28H, Glade,

Date	Oil Runs	MCF Sold
1-2024	3829	1943
12-2023	5217	0

• 40111, conf, CLR, Lundberg Federal 5-8H1, Rattlesnake Point, npd,
• 39724, conf, WPX, Bull Moose 28-27HF, Reunion Bay, npd,
• 39399, conf, Hess, TI-Ives-157-94-0601H-5, Tioga,

Date	Oil Runs	MCF Sold
1-2024	12420	15772
12-2023	13730	15555
11-2023	12351	14001
10-2023	19392	22654
9-2023	5643	6339

• 39248, conf, Whiting, S-Bar Karissa 5393-34-1 3T, Sanish,

Date	Oil Runs	MCF Sold
1-2024	11452	13805
12-2023	9598	9158
11-2023	6566	4014
10-2023	9645	8746
9-2023	2163	2328

• 40171, conf, Morgan E&P, Obrigewitch 1-33H, Glade,

Date	Oil Runs	MCF Sold
1-2024	6282	2194
12-2023	6603	132

• 40110, conf, CLR, Lundberg Federal 4-8H, Rattlesnake Point, npd,
• 39644, conf, Oasis, Maridoe 5502 11-17 2B, Squires,

Date	Oil Runs	MCF Sold
1-2024	23979	18458
12-2023	29425	20296
11-2023	22588	14704
10-2023	30545	19907
9-2023	4068	2863

• 40109, conf, CLR, Lundberg Federal 3-8H1, Rattlesnake Point, npd,

New Wells Reporting This Next Week -- March 24, 2024

Locator: 46836WELLS.

Wednesday, April 3, 2024: 2 for the month; 2 for the quarter, 202 for the year
36082, conf, Hess, BB-Federal A-LS-151-95-1615H-11,

Tuesday, April 2, 2024: 2 for the month; 2 for the quarter, 201 for the year
38972, conf, SOGC, Harris Federal 3-31H,

Monday, April 1, 2024: 1 for the month; 1 for the quarter, 200 for the year
39402, conf, Hess, TI-Ives-157-94-0601H-2,

Sunday, March 31, 2024: 140 for the month; 199 for the quarter, 199 for the year
None.

Saturday, March 30, 2024: 140 for the month; 199 for the quarter, 199 for the year
None.

Friday, March 29, 2024: 140 for the month; 199 for the quarter, 199 for the year
40114, conf, CLR, Lundberg Federal 8-8HSL1,

Thursday, March 28, 2024: 139 for the month; 198 for the quarter, 198 for the year
40113, conf, CLR, Lundberg Federal 7-8H,
39643, conf, Oasis, Streamsong 5502 11-17 3B,

Wednesday, March 27, 2024: 137 for the month; 196 for the quarter, 196 for the year
39722, conf, WPX, Bull Moose 28-27HS,
39642, conf, Oasis, Streamsong 5502 11-17 2B,
39249, conf, Whiting, S-Bar Carmen 5393 34-1 2B,

Tuesday, March 26, 2024: 134 for the month; 193 for the quarter, 193 for the year}
40112, conf, CLR, Lundberg Federal 6-8H,
39723, conf, WPX, Bull Moose 28-27HF,

Monday, March 25, 2024: 132 for the month; 191 for the quarter, 191 for the year
40172, conf, Morgan E&P, Baranko 1-28H,
40111, conf, CLR, Lundberg Federal 5-8H1,
39724, conf, WPX, Bull Moose 28-27HF,
39399, conf, Hess, TI-Ives-157-94-0601H-5,
39248, conf, Whiting, S-Bar Karissa 5393-34-1 3T,

Sunday, March 24, 2024: 127 for the month; 186 for the quarter, 186 for the year
40171, conf, Morgan E&P, Obrigewitch 1-33H,
40110, conf, CLR, Lundberg Federal 4-8H,
39644, conf, Oasis, Maridoe 5502 11-17 2B,

Saturday, March 23, 2024: 124 for the month; 183 for the quarter, 183 for the year
40109, conf, CLR, Lundberg Federal 3-8H1,

New Wells Reporting 2Q24

Locator: 46835WELLS. 

Wednesday, May 1, 2024: 2 for the month; 66 for the quarter, 265 for the year
40120, conf, Slawson, Teapot Federal 6-15-14TFH,
39526, conf, Kraken, Alamo 3-34-27 3H,

Tuesday, April 30, 2024: 64 for the month; 64 for the quarter, 263 for the year
40233, conf, Empire North Dakota, Bufflehead 29-3A 1H,
40122, conf, Slawson, Teapot Federal 7-15-14TFH,
40121, conf, Slawson, Teapot Federal 1 SLH,
39525, conf, Kraken, Alamo 3-34-27 4H,
39463, conf, Hess, EN-Bakke-157-93-1522H-5, 
39347, conf, Hess, Ti-T Lalim-157-95-0214H-4,

Monday, April 29, 2024: 58 for the month; 58 for the quarter, 257 for the year
39524, conf, Kraken, Alamo 3-34-27 2H,
39346, conf, Hess, TI-T Lalim-LW-157-95-0214H-1,

Sunday, April 28, 2024: 56 for the month; 56 for the quarter, 255 for the year
39523, conf, Kraken, Blue 2-35-26-2H,
37520, conf, BR, Mazama 2C UTFH,

Saturday, April 27, 2024: 54 for the month; 54 for the quarter, 253 for the year
None.

Friday, April 26, 2024: 54 for the month; 54 for the quarter, 253 for the year
None.

Thursday, April 25, 2024: 54 for the month; 54 for the quarter, 253 for the year
37519, conf, BR, Mazama 2B MBH,

Wednesday, April 24, 2024: 53 for the month; 53 for the quarter, 252 for the year
39869, conf, CLR, Micahlucas 4-5HSL1
39868, conf, CLR, Micahlucas 3-5HSL,

Tuesday, April 23, 2024: 51 for the month; 51 for the quarter, 250 for the year
39581, conf, Hess, CA-Anderson Smith-155-96-2635H-9,
38562, conf, Hess, GO-HAUG-156-98-1918H-6,
38561, conf, Hess, GO-HAUG-156-98-3031H-6,

Monday, April 22, 2024: 48 for the month; 48 for the quarter, 247 for the year
39467, conf, Hess, EN-Erickson-LE-157-93-1003H-1,
37518, conf, BR, Mazama 2A UTFH,

Sunday, April 21, 2024: 46 for the month; 46 for the quarter, 245 for the year
39883, conf, Whiting, Van Buren Federal 5103 42-36 4B,
39580, conf, Hess, CA-Anderson Smith-155-96-2635H-9,

Saturday, April 20, 2024: 44 for the month; 44 for the quarter, 243 for the year
40142, conf, CLR, Veigel 9-9H1,
39882, conf, Whiting, Van Buren Federal 5103 42-36 3B,

Friday, April 19, 2024: 42 for the month; 42 for the quarter, 241 for the year
40151, conf, Armstrong Operating, Harkness 2,
37517, conf, BR, Mazama 1D MBH,

Thursday, April 18, 2024: 40 for the month; 40 for the quarter, 239 for the year
40141, conf, CLR, Veigel 8-9H,
39881, conf, Whiting, Van Buren Federal 5103 42-36 2B,
36086, conf, Hess, BB-Federal A-LS-151-95-0915H-7,

Wednesday, April 17, 2024: 37 for the month; 37 for the quarter, 236 for the year 
40140, conf, CLR, Veigel 7-9H1,
39466, conf, Hess, EN-Erickson-157-93-1003H-3,

Tuesday, April 16, 2024: 35 for the month; 35 for the quarter, 234 for the year
40139, conf, CLR, Veigel 6-9H,
40073, conf, Neptune Operating, Britt 4-9 6H,
39548, conf, Petro-Hunt, Terres 144-98-13B-24-1H,
39070, conf, Whiting, Safely Federal 32-7-3H,
37516, conf, BR, Mazama 4A UTFH,

Monday, April 15, 2024: 30 for the month; 30 for the quarter, 229 for the year
40138, conf, CLR, Veigel 5-9H1,
40072, conf, Neptune Operating, Britt 4-9 5H,
39579, conf, Hess, CA-Anderson Smith-155-96-2635H-8,
39578, conf, Hess, CA-Anderson Smith-155-96-2635H-7,
39549, conf, Petro-Hunt, Terres 144-98-13A-24-2H,

Sunday, April 14, 2024: 25 for the month; 25 for the quarter, 224 for the year 
None.

Saturday, April 13, 2024: 25 for the month; 25 for the quarter, 224 for the year
40137, conf, CLR, Veigel 4-9H,
39464, conf, Hess, EN-Erickson-157-93-1003H-2,
38009, conf, BR, CCU Plymouth 21-29 MBH,

Friday, April 12, 2024: 22 for the month; 22 for the quarter, 221 for the year
40136, conf, CRL, Veigel 3-9H1,

Thursday, April 11, 2024: 21 for the month; 21 for the quarter, 220 for the year
40232, conf, Empire ND, Wigeon 29-1 1H,
40135, conf, CLR, Veigel 2-9H,
38010, conf, BR, CCU Plymouth 31-29TFH,
36084, conf, Hess, BB-Federal A-LS-151-95-1615H9, 

Wednesday, April 10, 2024: 17 for the month; 17 for the quarter, 216 for the year
38011, conf, BR, CCU Plymouuth 34-29MBH,
37484, conf, SOGC, Saetz Federal 5-36H,
35076, conf, Oasis, Slagle 5101 43-12 6B,
35075, conf, Oasis, Slagle 5101 43-12 5B,
20860, conf, Petro-Hunt, Hartman 144-97-5A-8-1HR,

Tuesday, April 9, 2024: 12 for the month; 12 for the quarter, 211 for the year
39782, conf, CLR, Thorvald 6-6H,
37471, conf, SOGC, Saetz Federal 4-36H,

Monday, April 8, 2024:10 for the month; 10 for the quarter, 209 for the year
39783, conf, CLR, Thorvald 7-6H1,
38012, conf, BR, CCU Plymouth 44-29 TFH,

Sunday, April 7, 2024: 8 for the month; 8 for the quarter, 207 for the year
39784, conf, CLR, Thorvald 8-6HSL,

Saturday, April 6, 2024: 7 for the month; 7 for the quarter, 206 for the year
38973, conf, SOGC, Harris Federal 3-31H,

Friday, April 5, 2024: 6 for the month; 6 for the quarter, 205 for the year
37571, conf, CLR, Cuskelly 6-7H,

Thursday, April 4, 2024: 4 for the month; 4 for the quarter, 203 for the year
36083, conf, Hess, BB-Federal A-LS-151-95-1615H-10,

Wednesday, April 3, 2024: 3 for the month; 3 for the quarter, 202 for the year
36082, conf, Hess, BB-Federal A-LS-151-95-1615H-11,

Tuesday, April 2, 2024: 2 for the month; 2 for the quarter, 201 for the year
38972, conf, SOGC, Harris Federal 3-31H,

Monday, April 1, 2024: 1 for the month; 1 for the quarter, 200 for the year
39402, conf, Hess, TI-Ives-157-94-0601H-2,  

2Q24 Data Above

Data for 1Q24: 1Q24

Data for 4Q23: 4Q23
Data for 3Q23: 3Q23
Data for 2Q23: 2Q23
Data for 1Q23: 1Q23

Data for 4Q22: 4Q22
Data for 3Q22: 3Q22
Data for 2Q22: 2Q22
Data for 1Q22: 1Q22

Data for 4Q21: 4Q21
Data for 3Q21: 3Q21
Data for 2Q21: 2Q21
Data for 1Q21:  1Q21

Data for 4Q20: 4Q20
Data for 3Q20: 3Q20
Data for 2Q20: 2Q20
Data for 1Q20: 1Q20

Data for 4Q19: 4Q19

Data for 3Q19:  3Q19

Data for 2Q19: 2Q19

Data for 1Q19: 1Q19Data for 4Q18: 4Q18Data for 3Q18: 3Q18Data for 2Q18: 2Q18Data for 1Q18: 1Q18Data for 4Q17: 4Q17Data for 3Q17: 3Q17

Data for 2Q17: 2Q17

Data for 1Q17: 1Q17

Data for 4Q16: 4Q16
Data for 3Q16: 3Q16
Data for 2Q16: 2Q16

Data for 1Q16: 1Q16

Data for 4Q15: 4Q15

Data for 3Q15: 3Q15

Data for 2Q15: 2Q15

Data for 1Q15: 1Q15
Data for 4Q14: 4Q14

Data for 3Q14: 3Q14
Data for 2Q14: 2Q14

Data for 1Q14: 1Q14

Data for 4Q13: 4Q13

Data for 3Q13: 3Q13

Data for 2Q13: 2Q13

Data for 1Q13: 1Q13

Data for 4Q12: 4Q12

Data for 3Q12: 3Q12

Data for 2Q12: 2Q12

  Data for 1Q12: 1Q12   

Data for 4Q11: 4Q11 

Data for 3Q11: 3Q11 

Data for 2Q11: 2Q11 

 Data for 1Q11: 1Q11  

 Data for 2H10: 2H10 

Through 1H10: 1H10