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Thursday, July 11, 2024

Has Anything Really Changed? Asking For A Friend -- July 11, 2024

Locator: 48115BIDEN.

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"Drill, Baby, Drill" -- US Energy Drilling Dominance -- July 11, 2024

Locator: 48114B.

Link here. 

From the linked article:
A central plank of former President Donald Trump’s election campaign is that he’ll restore America’s “drill baby drill” energy policy. But new data makes it clear that the U.S. is already drilling for oil and natural gas at a record clip, and is on pace to become even more energy-dominant next year.

The country is widening its lead in oil and gas production, steadily taking market share from the old giants—Saudi Arabia and Russia in oil, and Qatar in natural gas.

Over the next year, the U.S. is on pace to keep growing production, putting the Organization of the Petroleum Exporting Countries and its allies like Russia, in a difficult position. If those countries add more production, it’s likely to cause oil prices to fall, because oil demand growth isn’t keeping pace.

The International Energy Agency said in a report released on Thursday that U.S. production growth is the largest factor keeping oil supplies on the upswing this year. The country is expected to add 740,000 barrels of oil a day to the market this year, accounting for the bulk of the world’s net production growth.

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Musical Interlude

This song / video is so "important" on so many levels.

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Top Bakken Producers -- July 11, 2024

Locator: 48113B.

Link here. 

XOM --> XTO.

Link here.

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Photo Of The Day -- JPow With Apple iPad -- July 11, 2024

Locator: 48112APPLE.

Link here. 

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State Of Oregon -- Albertson's - Kroger Merger -- Divestiture Of Grocery Stores -- The Federal Government Knows Best -- July 11, 2024

Locator: 48111GROCERS.

Updates

July 12, 2024: one of two things generally happen when a supermarket closes for regulatory reasons:

  • the two things that generally happen:
    • the supermarket is closed permanently; no one steps in to buy it;
    • the supermarket is bought by a second- or third-tier supermarket chain -- a supermarket chain that cannot offer better prices because they don't have the supply chain advantage that would be needed to improve things
  • in most cases it's a lose-lose for consumers when the government tries to micro-manage the economy

Original Post

State of Portland, link here.

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Zavanna Sawyer Wells In Stockyard Creek -- July 11, 2024

Locator 48110B.

****************************
Zavanna Sawyer Wells
Stockyard Creek

The maps:

 

From the July 11, 2024, daily activity report:

Three new permits, #40916 - #40918, inclusive:

  • Operators: Zavanna
  • Field: Stockyard Creek (Williams)
  • Comments:
    • Zavanna has permits for three Sawyer wells, SESE 13-154-99, 
      • to be sited 504 FSL and between 824 FEL and 854 FEL

Earlier Sawyer permit:

  • 40374, conf, Zavanna, Sawyer 13-35 1H, Stockyard Creek, t--; cum --

Wells of interest: 

  • 19328, 853, Zavanna, Earl 1-13H, Stockyard Creek, t6/11; cum 390K 5/24; a short horizontal well, one section spacing; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202431493430802483344791
BAKKEN4-202430335413880437740400
BAKKEN3-202430562554108035923059181
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-20230000000
BAKKEN11-20230000000
BAKKEN10-20230000000
BAKKEN9-20230020000
BAKKEN8-20230000000
BAKKEN7-20231316616137383072523
BAKKEN6-20232648043211691936167553
BAKKEN5-20230000000
BAKKEN4-20230000000
BAKKEN3-20230000000
BAKKEN2-20230000000
BAKKEN1-2023867165613913399
BAKKEN12-20223172471496932602559394
BAKKEN11-202230720689144030522587185
BAKKEN10-202231948889212532272605305
BAKKEN9-20221950244785214301097106
BAKKEN8-20220000000
BAKKEN7-20220000000
BAKKEN6-20220000000
BAKKEN5-202200230000
BAKKEN4-20220000000
BAKKEN3-20220000000
BAKKEN2-20220000000
BAKKEN1-20220000000
BAKKEN12-20210000000
BAKKEN11-20210000000
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-20210000000
BAKKEN7-202100004500
BAKKEN6-20210000000
BAKKEN5-20210000000
BAKKEN4-20210000000
BAKKEN3-20210000000
BAKKEN2-20210000000
BAKKEN1-20210000000
BAKKEN12-2020323053103580
BAKKEN11-2020305095015512372188342
BAKKEN10-2020315335216722024146894
BAKKEN9-2020304544356262860239419
BAKKEN8-20203152450174023681470436
BAKKEN7-2020314535217241622112040

Jump in production back in 2015:

BAKKEN11-20153049134866437895238440636
BAKKEN10-2015316069603554271082287991561
BAKKEN9-201530669064035128109649785732
BAKKEN8-2015317079645462791296912274233
BAKKEN7-2015316771673361491209311460171
BAKKEN6-2015307478739074671299811746805
BAKKEN5-2015311108599591018416233116364135
BAKKEN4-2015183129296267905346504434
BAKKEN3-20153194049432223991672016152106
BAKKEN2-2015175390470927885689642212422
BAKKEN1-20150000000
BAKKEN12-2014001210000
BAKKEN11-20140000000
BAKKEN10-20140000000
BAKKEN9-2014121282111497321591664316
BAKKEN8-20143131182618250153684437469
BAKKEN7-20143135433654318563255527336
BAKKEN6-20143039373741375064095825137
BAKKEN5-201431491648916547702551411422

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Zavanna With Three New Permits -- July 11, 2024

Locator 48109B.

WTI: $82.96.

Active rigs: 38.

Three new permits, #40916 - #40918, inclusive:

  • Operators: Zavanna
  • Field: Stockyard Creek (Williams)
  • Comments:
    • Zavanna has permits for three Sawyer wells, SESE 13-154-99, 
      • to be sited 504 FSL and between 824 FEL and 854 FEL

One permit renewed;

  • 25978, Formentera Operations, Curtis 13-34-164-101, Colgan, Divide County;

****************************
Zavanna Sawyer Wells
Stockyard Creek

The maps:

 

Wells of interest: 

  • 19328, 853, Zavanna, Earl 1-13H, Stockyard Creek, t6/11; cum 390K 5/24; a short horizontal well, one section spacing; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202431493430802483344791
BAKKEN4-202430335413880437740400
BAKKEN3-202430562554108035923059181
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-20230000000
BAKKEN11-20230000000
BAKKEN10-20230000000
BAKKEN9-20230020000
BAKKEN8-20230000000
BAKKEN7-20231316616137383072523
BAKKEN6-20232648043211691936167553
BAKKEN5-20230000000
BAKKEN4-20230000000
BAKKEN3-20230000000
BAKKEN2-20230000000
BAKKEN1-2023867165613913399
BAKKEN12-20223172471496932602559394
BAKKEN11-202230720689144030522587185
BAKKEN10-202231948889212532272605305
BAKKEN9-20221950244785214301097106
BAKKEN8-20220000000
BAKKEN7-20220000000
BAKKEN6-20220000000
BAKKEN5-202200230000
BAKKEN4-20220000000
BAKKEN3-20220000000
BAKKEN2-20220000000
BAKKEN1-20220000000
BAKKEN12-20210000000
BAKKEN11-20210000000
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-20210000000
BAKKEN7-202100004500
BAKKEN6-20210000000
BAKKEN5-20210000000
BAKKEN4-20210000000
BAKKEN3-20210000000
BAKKEN2-20210000000
BAKKEN1-20210000000
BAKKEN12-2020323053103580
BAKKEN11-2020305095015512372188342
BAKKEN10-2020315335216722024146894
BAKKEN9-2020304544356262860239419
BAKKEN8-20203152450174023681470436
BAKKEN7-2020314535217241622112040

Jump in production back in 2015: 

BAKKEN11-20153049134866437895238440636
BAKKEN10-2015316069603554271082287991561
BAKKEN9-201530669064035128109649785732
BAKKEN8-2015317079645462791296912274233
BAKKEN7-2015316771673361491209311460171
BAKKEN6-2015307478739074671299811746805
BAKKEN5-2015311108599591018416233116364135
BAKKEN4-2015183129296267905346504434
BAKKEN3-20153194049432223991672016152106
BAKKEN2-2015175390470927885689642212422
BAKKEN1-20150000000
BAKKEN12-2014001210000
BAKKEN11-20140000000
BAKKEN10-20140000000
BAKKEN9-2014121282111497321591664316
BAKKEN8-20143131182618250153684437469
BAKKEN7-20143135433654318563255527336
BAKKEN6-20143039373741375064095825137
BAKKEN5-201431491648916547702551411422
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Presidential Politics — CNN — July 11, 2024

Locator: 48108BIDEN.

Link here. 
The second source, who echoed that same description, said when Biden attends Cabinet meetings, they are “not free-wheeling, and pretty well-orchestrated.” 

And the meetings themselves are infrequent, with one Cabinet secretary telling CNN they are uncertain of Biden’s condition because they so rarely see him. In fact, the last full Cabinet meeting took place on October 2, 2023. Sources also said Cabinet meetings during the Obama years, which Biden attended as vice president, were not pre-scripted this way.
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Story Of The Day: Lego Theft Ring Broken Up -- Oregon -- July 11, 2024

 Locator: 48107LEGO.

Not necessarily a ring, but ... whatever.

See this post also.

Link here. 

From the linked article:

Police in Oregon have recovered more than 4,000 stolen Lego sets valued at over $200,000 in a massive bust following a three-month investigation, authorities said.

The seizure happened on July 3 at approximately 12:30 p.m. when authorities from the Springfield Police Department in Eugene, Oregon, served a warrant to 47-year old Ammon Henrikson, the owner of “Brick Builders,” accusing him of knowingly purchasing new and unopened Lego sets that had been stolen from other local retail stores, according to a statement from the Springfield Police Department released on Tuesday.

“In several instances, suspects stole hundreds of dollars’ worth of Lego sets and then immediately went to the Brick Builders store to exchange the stolen items for cash: most often at a fraction of their actual retail value,” authorities said in their statement announcing the bust. “When interviewed, some suspects advised that Brick Builders’ staff knew the sets had recently been stolen. Officers learned that many of the suspects were utilizing the money they received to buy and use illegal drugs.”

Partnering with loss prevention investigators from Target, Fred Meyer, Barnes & Noble and Walmart to confirm that Henrikson was purchasing sets that were stolen from them, the Springfield Police Department ended up recovering 4,153 Lego sets with a total value of more than $200,000, police said.

Average set price: $50 / set. Which seems really, really on the low side.

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