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Friday, July 5, 2024

Prairie Horizon Land Development

Locator: 48060B.

Updates

July 8, 2024: huge thanks to a reader -- The Prairie Horizon well is a carbon capture well for the hydrogen plant Marathon is Proposing to build at the Dickinson refinery. The Dickinson Press, August 28, 2023

TC Energy and Marathon Petroleum recently opened their doors for an open house, giving locals a sneak peek into the proposed Prairie Horizon Hydrogen project. The event, staged ahead of a public special commission meeting Aug. 23, aimed to inform residents of the profered hydrogen facility near the existing Marathon Petroleum site in southwest Dickinson.

Original Post

First time I recall seeing this name? July 2, 2024.

Searched the blog: nothing.

NDIC well search: link here

Prairie Horizon Land Development LLC: one permit -- #40894 --

  • Prairie Horizon Land has a permit for a Grasshopper well, NENE 16-137-94, 
    • to be sited 332 FNL and 312 FEL.
  • 40894, conf, Prairie Horizon Land Development LLC, Grasshopper 1, wildcat 
  • the nearest wells in the area: Silurian formation

 The map:

From the web:

Early-Onset Cancer -- For The Archives -- July 5, 2024

Locator: 48059B.

From The Atlantic today:

The writer did not provide a linked source. I was curious. Is that "young-onset cancer" accurate?

Google: the link to Yale -- 

I don't know what to do with this, I don't know what it means, but it's an interesting data point for the archives.

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Back to the Bakken

WTI: $83.16.

Active rigs: 38.

No new permits.

Six permits renewed:

  • BR (5): four Muri permits renewed and one Sanmuri permit renewed, all in the Elidah oil field, McKenzie County;
  • Formentera Operations: one Beetle permit renewed; Ambrose oil field, Divide County.

M5 -- Apple Update -- Everything, Everywhere All At Once -- July 5, 2024

Locator: 48058APPLE.

Again, a lot buried in this story. Six links, all from today:

I may come back to this later. But this is another huge story. 

This is one person's view, from the Reddit link above:

CHIPS tracked here on the blog.

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Thoughts?

Check out the wiki page on "transistor count."

  • July 5, 2024: Apple's M5.
  • May 7, 2024: Wiki has not updated its "transistor count" page and as of this date does not include the M4 chip. Later: Wiki now includes the M4 but it's higher up the list and easily missed.
  • May 7, 2024: Apple introduces NPUs with the new iPads. NPUs have been around for awhile; Apple has the lead, and is now talking about NPUs. I think this was the first day I've heard NPUs mentioned as "NPUs" and it was Tim Cook.

The links above are, of course, dynamic, but looking at these links today, there's a suggestion that there may be something new happening -- it's almost as if the number of transistors on a chip is less important than how developers "link" those CPUs, GPUs, NPUs together on the same chip -- PoPs and SoCs. 

Maybe more on this later.

Hey, by the way, how about AMD today? 

One may want to go back and look at this AMD story from just two days ago.

Old News -- Some Housekeeping -- TSMC And The CHIPS Act -- July 5, 2024

Locator: 48057TSMC.

This announcement was mentioned on the blog, but not sure that the press release was actually linked. Here it is from April 8, 2024.

Week 27: July 1, 2024 -- July 7, 2024

Locator: 48056TOPSTORIES.

Biden:
  • says he's staying in the race
  • campaign caught in a lie -- says he hadn't been seen by his physician since February;
    • in fact, seen by his physician following "the debate"

Top international non-energy story:


Top international energy story: 

Top national non-energy story

  • Astronauts still "stuck" on the ISS while NASA / Boeing try to sort things out.
    • it's almost as if "everyone" has forgotten about them; even headline stories are getting stale

Top national energy story:

  • WTI hits $84 briefly but holds above $83.

Focus on fracking: current link here. Generally updated late Sunday night.

Top North Dakota non-energy story: 

Top North Dakota energy story:

Geoff Simon's quick connectslink here.

The Market -- AAPL, MSFT Trending Toward $3.5 Trillion; NVDA Drops Back -- July 5, 2024

Locator: 48055AAPL.

AAPL: I watched almost all of CNBC today -- can't say I watched every minute, but I certainly watched most of it, and had it on in the background while doing other tasks, and I didn't hear one person mention Apple, but "they" certainly mentioned almost everything else. 

So, how did AAPL do today? One of its best days ever, and perhaps it's best day considering how high it was already running. It gets tedious. And look at the market cap: almost $3.5 trillion. Nvidia's market cap? $3.1 trillion. MSFT? $3.48 trillion. AAPL was $3.47 trillion. It goes without saying that this was another 52-week high for AAPL.

More records:

 

Strong Jobs Report -- Steve Liesman -- July 5, 2024

Locator: 48054JOBS.

Updates

Later, 11:31 p.m. CDT: CNBC's "Half Time Report" -- 

A huge tease by one of my favorite panelists -- history -- back in 2023, sold CVX to buy PDX, then PDX gets bought by XOM and now she [Jenny, disclosures] has XOM which doesn't have much growth potential and only a 3% yield when her portfolio targets 5% yield, and she will use the XOM proceeds to buy a pure-play Permian operator.
Because she's in the middle of that trade, she can't mention the name, but she's really, really eager to tell her viewers. Hopefully, I don't miss that -- I assume she will tell us next week. Pure-play Permian with enough gravitas to match PDX/XOM? Thoughts:

  • Permian Resources: doesn't meet her dividend goal
  • FANG - Endeavor: big, same multiple as XOM; pays almost 5%
  • hard to believe her pick is anything other than FANG

Original Post 

Tag: jobs. unemployment.

Unemployment: Table A-15:  

Where the jobs are: federal government and local government jobs. Service jobs plateauing somewhat after a big run.

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AMD

 Well, this is certainly interesting, in light of recent rumors, tweets, and a press release, of sorts:

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Markets

With CVX down $2.02, let's see what OXY and BRK are doing.

OXY:

BRK-B:

And, then, of course, we have AAPL, which I think is another new all-time high, and the move this morning was not subtle:

NASDAQ Hits A New All-Time High -- TGIF -- July 5, 2024

Locator: 48055B.

Updates

Later, 11:25 a.m. CDT: AAPL hits a new 52-week high.

Later, 10:10 a.m. CDT: after opening "red," the Dow is now green (albeit, not by much) and now all major indices are "green," with the NASDAQ up almost 100 points now going up another 108 points now up 135 points. Dow flat, but technically green.

Original

NASDAQ: hits a new all-time high.

Saudi oil: I don't know if anyone really knows what's going on. From Bloomberg today:

Saudi Arabia, the world’s biggest crude oil exporter, saw overseas shipments slump to a 10-month low in June amid stiff competition in key markets while its own needs soared.

Exports of crude from the kingdom, estimated by Bloomberg using vessel tracking data and compared against figures compiled by other data providers, stood at about 168 million barrels last month — equivalent to about 5.6 million barrels a day.

That was a mere 250,000 barrels a day above the lowest level seen since the start of the Covid-19 pandemic.

Focusing on two of the nation’s biggest customers — China and India — the situation looks even worse.

At about 1.27 million barrels a day, the amount of Saudi crude sent to China last month was the smallest since mid-2020, during the depths of the pandemic-induced rout in oil demand.

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Back to the Bakken

WTI: $84.03.

Sunday, July 7, 2024: 13 for the month; 13 for the quarter, 349 for the year
40382, conf, Kraken Maddie 10-15-22 4H,
40282, conf, Whiting, Sanish Bay E Federal 5292 31-6 5B,
40251, conf, CLR Benner 3-7H,
39925, conf, Slawson, Switchback 5-21UTFH, Big Bend, npd,

Saturday, July 6, 2024: 9 for the month; 9 for the quarter, 345 for the year
40383, conf, Kraken, Maddie 10-15-22 5H
40250, conf, CLR, Benner 2-7HSL, Jim Creek, npd,

Friday, July 5, 2024: 7 for the month; 7 for the quarter, 343 for the year
40384, conf, Kraken, Wayne 11-14-23 2H, Ellisville, npd,

The Incredible Bakken -- July 5, 2024

Locator: 48054B.

The well

  • 18307, 3,236, Grayson Mill / Statoil / BEXP, State 36-1 1-H, 3,236, s10/09; t1/10; cum 302K 11/14; cum 438K 3/23; cum 553K 5/24; 

Nice jump in production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202431321231911098734005299193958
BAKKEN4-202430367536861156735701329452636
BAKKEN3-202431429943441290736243350061096
BAKKEN2-2024274584452812260345091858515809
BAKKEN1-2024274746470712853335182177911692
BAKKEN12-2023316597658816633412802843512845
BAKKEN11-2023309835984319965485081648531997
BAKKEN10-2023227043703314923230431103111949
BAKKEN9-202330928593121984127994222005685
BAKKEN8-2023311059810567221672521024639462
BAKKEN7-20233112885129292781726468248811516
BAKKEN6-20233016347163213468729594245474981
BAKKEN5-20233116284162474583026605183538189
BAKKEN4-2023165714571027161883652953510
BAKKEN3-202324837085376624513280103892851
BAKKEN2-202328216922234812328933164794725061
BAKKEN1-2023386308528243402380
BAKKEN12-20220000000
BAKKEN11-20220000000
BAKKEN10-20220000000
BAKKEN9-20220000000
BAKKEN8-20221045687047844436678
BAKKEN7-20222915641710115314661127339
BAKKEN6-20222911971137119295286389
BAKKEN5-202293152352651441422
BAKKEN4-20222369178961964352625
BAKKEN3-202227938107096585071733