The Million Dollar Way (The Bakken Oil Blog): 07/04/24

Thursday, July 4, 2024

The Incredible Bakken -- July 4, 2024

Locator: 48053B.

The well:

19216, 3,442, Grayson Mill / Statoil / BEXP, State 36-1 3H, Stony Creek, t6/12; cum 303K 4/19; off line as of 4/19; back on line 2/21; cum 314K 5/21; cum 465K 5/24; recent production, note jump in production:

BAKKEN	9-2023	30	11908	11842	23053	41716	21122	20594
BAKKEN	8-2023	31	13098	13029	25030	35560	18885	16675
BAKKEN	7-2023	31	14623	14849	28563	33764	8235	25529
BAKKEN	6-2023	30	14467	14384	32252	27887	5240	22647
BAKKEN	5-2023	31	12843	12851	37538	20662	7072	13590
BAKKEN	4-2023	16	4880	4975	22906	7783	3145	4638
BAKKEN	3-2023	31	8695	8616	57501	14976	1876	13100
BAKKEN	2-2023	25	8167	8694	66848	12606	588	12014
BAKKEN	1-2023	9	3792	2891	39952	4725	489	4204
BAKKEN	12-2022	0	0	0	0	0	0	0
BAKKEN	11-2022	0	0	0	0	0	0	0
BAKKEN	10-2022	0	0	43	0	0	0	0
BAKKEN	9-2022	0	0	246	0	0	0	0
BAKKEN	8-2022	12	442	760	334	315	315	0
BAKKEN	7-2022	30	1023	1024	1082	735	735	0
BAKKEN	6-2022	30	1089	1104	1146	586	586	0
BAKKEN	5-2022	9	296	199	338	190	190	0
BAKKEN	4-2022	19	730	853	584	574	491	7

Most Prolific PRIVATE Oil And Gas Producers In The USA -- July 4, 2024

Locator: 48052B.

Link here.

The lede:

In a release sent to Rigzone recently, Enverus announced that it has released its annual list of “the most prolific 100 private oil and gas producers in the United States”.

According to the complete list, which was accessed by Rigzone, Continental Resources was ranked first, followed by Ascent Resources LLC, Aethon Energy, Mewbourne Oil, and Endeavor Energy. Enverus highlighted in its release that the ranking is based on gross operated production, well count, and rig movements across 2023.

Continental Resources produced 690,299 barrels of oil equivalent per day (boepd) last year, with a 49 percent oil weighting, and had a well count of 5,102, the complete list revealed. Ascent Resources produced 424,689 boepd, with a five percent oil weighting, and had a well count of 862, Aethon Energy produced 420,857 boepd, with a zero percent oil weighting, and had a well count of 1,899, and Mewbourne Oil produced 408,754 boepd, with 59 percent oil weighting, and had a well count of 3,310, the ranking showed.

Rounding out the top five, Endeavor Energy produced 336,561 boepd, with a 65 percent oil weighting, and had a well count of 3,372.

In 2022:

In 2022, Continental ranked first, Ascent was second, Aethon was fourth, Mewbourne was third, and Endeavor was fifth, the list highlighted.

With regard to PUBLICLY owned Lower 48 producers:

Earlier this year, Enverus released a list of the top public Lower 48 producers of the first half of 2023. According to that list, which was seen by Rigzone, ExxonMobil ranked first with 1.16 million barrels of oil equivalent per day, followed by Chesapeake Energy, with 1.13 million barrels of oil equivalent per day, and EOG Resources, with 1.10 million barrels of oil equivalent per day.

One can easily download the full report; the process takes less than 30 seconds and involves only a few clicks.

The PRIVATELY held companies of interest:

#1: CLR
#6: Hilcorp
#13: Grayson Mill
#38: Petro-Hunt
#41: Kraken Resources
#45: Silver Hill Energy Partners
#57: KODA Resources
#59: Lime Rock
#97: Zavanna

Not listed, unless I missed them:

Slawson

Temperatures: Lakeside, MT -- July 4, 2024

Locator: 48051WEATHER.

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Lakeside, MT

Pet Peeve: ChatGPT -- July 4, 2024

Locator: 48050CHATGPT.

Pet peeve: if financial analysts / talking heads are not using ChatGPT that is incredible, and not in a good way, and a pet peeve of mine that ChatGPT is not being universally used. Anyone who uses a browser needs to have a ChatGPT account.

A bigger pet peeve: if aforementioned folks are using ChatGPT and/but not telling us.

Full disclosure: I do not have a ChatGPT account, but I'm not a financial analyst or a talking head. I do have a browser and should have a ChatGPT account. That's fine. I am waiting for Apple's version of ChatGPT / search / generative AI. So, that's my excuse.

There's another reason I don't use ChatGPT and maybe someday I'll share that with readers, but it adds nothing to the discussion so I won't belabor the point.

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Nancy Pelosi Is Said To Have Recently Invested In Broadcom

A lot of folks are upset by "another Nancy Pelosi revelation." I'm not. I am transferring my wealth to the next generation and no longer investing any new money into my own accounts. I'm drawing down my accounts slowly at first, partly because things have to be put in order for the process to occur and that takes some time, but like a snowball, the transfer will accelerate like a snowball rolling downhill.

See PersInv.

However, I am investing new money into the accounts of my grandchildren.

I very much appreciate knowing what Nancy Pelosi is investing in, and in fact, I've added more AVGO to our youngest granddaughter's account earlier this week. Whoo-hoo!

Link here.

My granddaughter was fortunate enough to have capitalized on this 4.25% gain after the Pelosi revelation.

There is no way this could be construed as "insider trading" on the part of Nancy Pelosi.

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Disclaimer Briefly Reminder

I am inappropriately exuberant about the US economy and the US market,
I am also inappropriately exuberant about all things Apple.
See disclaimer. This is not an investment site.
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.
Reminder: I am inappropriately exuberant about the US economy and the US market,
I am also inappropriately exuberant about all things Apple.

July 4th Four-Day Weekend -- It Begins -- And It Begins WIth A Four-Hour "Blow-Out-Your-System" Blondie -- July 4, 2024

Locator: 48049HOLIDAY.

But first, Joe's theme song, "I Won't Back Down."

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High Tea For Sophia

... which inspired her to try her hand at a chocolate trifle ...

Re-Posting -- Re-Emphasizing -- July 4, 2024

Locator: 48048CHIPS.

Link here. Old but useful:

Other screenshots:

This is very, very interesting. This goes back to Apple's old slogan, "Think Different."

In this case, there are two methods for dealing with the mobile charging problem:

better battery;
better device.

Whereas "everybody" was working the charging problem through "better" batteries, at best improving efficiency on the margins, Apple attacked the "demand" problem by going after a better device -- one that needed less energy. By decreasing the amount of energy needed, Apple could develop better projects with current battery technology. In the big scheme of things, breakthroughs in batteries are not happening after decades of research.

Better chips, i.e., PoPs and SoCs, can exponentially improve things.

And, oh, by the way, better chips, using less energy, generate less heat which means mobile devices (like watches and iPads) can be made lighter and thinner because they don't need huge heat-sinks. I remember the first time I took apart one of my early Apple computers and saw how huge and how heavy "metal" heat sinks were. Disgusting.

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The Bat Cave

Simply my favorite place to be. If I can't be where I really want to be.

There's not one bit of wasted space. LOL.

Chip Jargon -- "Risk Production" -- Apple And The Goat -- July 4, 2024

Locator: 48047CHIPS.

Just the links in the order I processed them this morning.

ASML stock, Barron's, a huge opportunity for investors. July 4, 2024.
risk production, SemiWiki, an older article but still useful.
risk production, ycombinator, an older article, but still useful.

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Not 13% But 13-Fold

See commentary from yesterday.

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Apple and the GOAT

Link here.

Buffett's AAPL shares:

BRK's stock price, last six months, with the most recent quarter highlighted:

AAPL's stock price, last six months, with the most recent quarter highlighted:

Charlie Munger: Never Quit Reading -- July 4, 2024

Locator: 48046ARCHIVES.

After going down this rabbit hole with a member of my focus group, an individual asked, "what is the point of this exercise?"

LOL. If I have to explain the point of this exercise, I've missed the target.

Oh, by the way -- there's an "Easter egg" in this post. LOL. Actually there are several if you enjoy connecting the dots. Highly recommend: read the Eric Schmidt wiki entry.

TMDWB: simply the best subscription-free, ad-free Bakken-focused blog in the universe. And apparently the longest one in continuous "operation." The others having fallen by the wayside.

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Whatever

I'm not going to do anything more than post the links in the order I "processed" them this morning. I have no plans to go down this rabbit in any extended fashion. At least not yet.

TSMC's debacle in Arizona, April 19, 2024, Rest of World. I really dislike the "fake" diacritical marks. These marks yell out to me: don't take me seriously. But I suppose it underpins the media outlet's Arabic heritage.

Sophie Schmidt, founder and CEO of Rest of World. Note the domain: solve.mit.edu. Which begs the question.

The Great Reset, openDemocracy, August 16, 2021, one year into Covid lockdown.

wiki: The Great Reset.
in response to the Covid outbreak, Davos, June 2020 -- wow, that was fast....
Prince Charles, 2020, ESG

World Economic Forum, wiki. Davos. Founded 1971 by German engineer Klaus Schwab. Funded by its 1,000 member companies. Annual meeting in one of the few places where golf is not likely a high priority.

Solve.mit. One may find the list of advisors somewhat interesting. Currently includes:

the founder of Moderna
the founder of iRobot
the managing director of The Boston Globe (perhaps one of the best newspapers -- regional or national)

this may be my Christmas gift to my wife this Christmas -- a subscription to The Boston Globe

Eric Schmidt, Alphabet, Google
executive chairman, RedSeal, cybersecurity
Laureen Powell Jobs, founder, Emerson Collective; $15 billion net worth; wife of Steve Jobs; Forbes.

Powell Jobs is the founder and president of the Emerson Collective, an impact investing, philanthropy and advocacy firm focused on environmental justice, health, immigration and education.
Powell Jobs purchased The Atlantic in 2017 and has invested in other media outlets and nonprofit newsrooms, including Axios, ProPublica, The Athletic and the Committee to Protect Journalists.
She owns a minority stake in Monumental Sports, parent of the Wizards (NBA), Capitals (NHL), and Mystics (WNBA) and in 2022 invested in the WNBA's first-ever capital raise.

CIO, Government of Sierra Leone
the founder, shift7; Megan Smith; history with Google, Alphabet
founder Esquel Group: Hong-Kong based; world's largest woven shirt maker

the family owned business was founded in 1978 by family patriarch Yang Yuan-loong.The opening of China that year had according to one of Yang's daughters led to the decision to establish the company.

CEO, Orveon: most interesting. Connecting these dots may take you places you never dreamed.

Orveon: beauty products; Forbes, article more than two years old;
The Orveon collective was spun out of Japanese giant Shiseido to champion bold progress for beauty, for the planet, and to serve the demands of a new breed of more conscious consumers. From its base in New York City, the $700 million collective plans for nothing less than making the world – not just a customer’s face – “a more beautiful place.”

Advent International, wiki. lululemon, Maxar Technologies, wiki.

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Shiseido

My mother-in-law, Japanese, was one of the most beautiful women I had met in my first 30 years of life. She was an 18-year-old living in Yokohama when the atomic bombs were dropped on Japan.

She always dressed elegantly and her attention to her face is legendary in her American family.

She refused to use any cosmetic other than Shiseido. It was incredibly expensive and her income was solely from working as a Japanese waitress in an upscale Japanese restaurant in an area of southern California where Japanese patrons expected the best and tipped accordingly.

My wife used Shiseido for years and I always bought her gifts for birthdays and Christmases, but over time, Shiseido simply became too expensive, and difficult to find in some of the overseas locations we were sent. And then over time my wife moved on to other cosmetics.

But I've always wondered whatever happened to Shideido. Now I know.

Update: my wife tells me she still gets Shiseido lipstick. Okay, there's that.