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Monday, September 23, 2024

How Bad Was It? Yeah, That Bad -- App Economy -- FEDEX -- September 22, 2024 -- Re-Posting -- Septmber 23, 2024

Locator: 48373FEDEX.

Tag: FedEx.

Link here.  

If this is FedEx, can you imagine what the same graphic would look like for the USPS -- the US Postal Service?

Wow -- Chevron - Hess Update -- See Ticker After Hours — September 23, 2024

Locator: 48372BIGOIL.

Tag: bigger oil

HES up $2 in after-hours trading.

Link here.

You don't own me. Yet. I'll believe it when I see it. Not on my bingo card.

Link here.

Oh, My Goodness -- Fall Is Coming -- The Weather Is Gorgeous -- September 23, 2024

Locator: 48370ARCHIVES.

Apple iPhone 16: I don't know which variant, but Sara Eisen (CNBC) said she picked up her new iPhone 16 over the weekend. Her color: pink. Not surprising.

Jobs' vision: what an incredibly beautiful day here in DFW area! Sitting on a beach chair along the lake watching Sophia play soccer. Me, with wireless headphones, an Apple iPhone, and an Apple laptop, completely untethered, listening to --

Off-shore wind: the right whale.

Accelerated computing: link here.

Nvidia CEO JensenHuang argued that "Moore's Law is over" -- a reference to the principle espoused by Intel co-founder Gordon Moore that the speed of computers will double every two years. He maintained that the physical limits of fabricating semiconductors will get in the way. The solution to the problem in Huang's view, is accelerated computing. And no company beats Nvidia at designing the GPUs required to make accelerated computing possible.

Accelerated computing: link here.

Accelerated computing refers to the practice of using specialized hardware to perform certain types of computation more efficiently than is possible with general-purpose CPUs alone. This approach harnesses the power of hardware accelerators, such as Graphics Processing Units (GPUs), Field-Programmable Gate Arrays (FPGAs), and Application-Specific Integrated Circuits (ASICs), to dramatically speed up the processing of complex algorithms and data-intensive tasks.
At its core, accelerated computing is about optimizing computational workloads by delegating specific tasks to the most suitable hardware. For example, GPUs are exceptionally well-suited for parallel processing tasks, making them ideal for applications in machine learning, scientific simulation, and graphics rendering. FPGAs offer the flexibility of being programmable after manufacturing, allowing them to be customized for optimal performance on specific tasks. ASICs, on the other hand, are tailor-made for a particular application, offering unparalleled efficiency for that task.
The integration of accelerated computing technologies into data centers and other high-performance computing (HPC) environments has been transformative. By significantly reducing the time required to process large datasets and complex computations, accelerated computing enables researchers, engineers, and data scientists to achieve breakthroughs in their fields more rapidly. From enhancing climate modeling and genomic sequencing to powering the latest AI algorithms, accelerated computing is a pivotal force in driving forward scientific and technological innovation.

Accelerated computing: tolks may want to take a look at this wiki page

Accelerated computing: Colossus, Bletchley Park, WWII.

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The Book Page

With regard to reading, it's been a couple of very rewarding weeks. A book on the underground railroad, a book on Bletchley Park (WWII), a book on dinosaurs, and a book on the history of the horse. Not sure where I'll go next. 

After the book on Bletchley Park, I've ordered another book on the same subject, Colossus. Will arrive in the next day or so.

NOG Closes On "Point Energy" -- A Permian Story -- September 23, 2024

Locator: 48369NOG.

Link here.

Northern Oil and Gas, Inc. closed its previously announced acquisition of Delaware Basin assets from Point Energy Partners, LLC, a Vortus Investments company, on September 20, 2024.

NOG jointly acquired the assets with Vital Energy, Inc. which will become the operator of substantially all the assets. In connection with the transaction, NOG and Vital entered into cooperation and joint operating agreements, which include a multi-year development plan for the Point assets.

At closing, NOG paid $205.0 million in cash, which includes a $22.0 million deposit paid at signing in July 2024. The closing settlement is net of preliminary and customary purchase price adjustments and remains subject to post-closing settlements between the parties. More information regarding this acquisition can be found in NOG’s July 28, 2024 press release announcing the transaction.

Director's Cut -- July, 2024

Locator: 48368DIRECTORSCUT.

Link here.

Oil production:

  • 1,167,906 bopd; -1.6% m/m

Gas production:

  • 3,457,296 MCF/day; -0.9%

DUCs:

  • July, 2024: 372
  • June, 2024: 372

Producing wells:

  • all-time high, 19,094, May, 2024
  • July, 2024: 19,035 (preliminary)

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Daily Report

WTI: $70.37.

Active rigs: 35.

Five new permits, #41166 - 41170, inclusive:

  • Operator: CLR (Continental Resources)
  • Field: Grinnell (Williams); West Capa (Williams)
  • Comments:
    • CLR has permits for three Arley wells; one Christiana well; and, one Helen well, all NWNW 17-154-94;
      • to be sited 295 FNL and at 353 FWL; 417 FWL; 449 FWL; 481 FWL; and, 545 FWL.

Two producing wells (DUCs) reported as completed:

  • 39527, 320, Petro-Hunt, Burian 144-98-22-2H, Billings County;
  • 40470, 727, Oasis, Maverick Federal 5602 31-12 2B, Williams County;

Manic Monday -- QCOM Ends Pursuit Of Intel After Seeing The Books — Source — September 23, 2024

Locator: 48366B.

Dow: record high.

Polls: three critical polls with good news for Trump, NY Times.

Tickers: both SRE, SCCO open higher. AAPL lower. MU leading index higher.

The “broadening”: CNBC.

NFL: Jerry Jones gets it.

  • the regular season is simply entertainment
  • it's all about the playoffs
  • to get into the playoffs? All the team needs is a 50-50 season.

NFL: this week -- a short week for Dallas -- they play Thursday night on Amazon.

NFL: owner of most valuable team in the NFL "couldn't afford Derrick Henry." But they could make their QB the highest paid in the league. 

Baseball cards: link here.

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Back to the Bakken

WTI: $71.64.

Tuesday, September 24, 2024: 50 for the month; 178 for the quarter, 502 for the year
40554
, conf, Slawson, Fisherman 4-21-28H,

Monday, September 23, 2024: 49 for the month; 177 for the quarter, 501 for the year
40561
, conf, Slawson, Payara 5 SLTFH,

Sunday, September 22, 2024: 48 for the month; 176 for the quarter, 500 for the year
40351
, conf, KODA Resources, Stout1435-6BH,
40350, conf, KODA Resources, Stout 14-2-5BH,
40240, conf, Hess, BL-Kerbaugh-156-96-3427H-7,

Saturday, September 21, 2024: 45 for the month; 173 for the quarter, 497 for the year
40560, conf, Slawson, Prowler 1 SLH,
39934, conf, Hess, RS-Feldman-156-92-1423H-2,
23385, conf, Grayson Mill, Beaux 18-19 6H,

RBN Energy: Gulf coast storage activity picks up, and more projects are in the works. Archived.

Very little new natural gas storage capacity has been built along the Gulf Coast the past few years, but that’s changing. Driven by rising demand from power generators, LNG operators/offtakers, marketers and traders for storage with high deliverability rates — and by improving storage economics — new salt-cavern and depleted-reservoir capacity is now being developed by midstream players large and small, with plans for a lot more. In today’s RBN blog, we‘ll continue our review of gas storage projects in Texas, Louisiana and Mississippi with a look at what Kinder Morgan, EnLink Midstream and Enstor Gas have been up to.