Locator: 48398ARCHIVES.
SPLIT! Are you kidding me? Never saw this on my bingo card. And why is my best source of news for "stuff" like this only on Reddit? Link here.
Problem: lots of misinformation on Reddit, but can easily be fact-checked. Schwab splitting many / all of its ETFs? But the headline right now: SCHD -- 3:1 split. Effective October 10, 2024. Shouldn't mean a thing for (most) investors? Lots of discussion about buying fractional shares of ETFs. All I can say is this: if you can't afford to buy a single share of $25/share ETF maybe ... link here.
Vaccinated: for the record, received my annual Covid-19 and my annual "flu" shot today.
Indicted: NYC Mayor Eric Adams indicted on federal charge.
Depressed? Consumer confidence fell last month -- CNBC. Whatever happened to Prozac nation? ".... the memoir's "self-pitying passages make the reader want to shake the author, and
remind her that there are far worse fates than growing up during the
'70s in New York and going to Harvard."
Confused:
Streamed! Spend some time on this graphic. Speaks volumes. Look at the small piece that Disney has. Lots of opportunity for growth. I expect this chart to look a lot different ten years from now.
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The Book Page
Colossus: Bletchley Park's Greatest Secret, Paul Gannon, c. 2006.
I just finished Geniuses At War: Bletchley Park, Colossus, and the Dawn of the Digital Age, David A. Price, c. 2021. David A Price recommended Colossus.
Already started reading. Yes, if this is your genre, this book needs to be on your bookshelf.
Too detailed? Yes, but that's what I wanted.
Locator: 48397B.
Gasoline demand: link here. Unremarkable.
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Back to the Bakken
WTI: $69.69.
Active rigs: 34.
Six new permits, #41175 - #41180, inclusive:
One permit canceled:
Locator: 48396AI.
After downgrade earlier this morning:
Tesla: could report its best quarter ever. China.
This is truly amazing.
One can really make a good trade by playing the game: "Would you rather....?
Most interesting of the four? Rivian. Rivian has been a darling of Wall Street. I had recently considered buying a small amount of Rivian once a week and building a huge position over time. Sophia talked me out of it. I have no position in Rivian.
"Fast Money" talk shifts to hybrids. Fake EVs.
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China's Stimulus
At one time, it was predicted that China's economy would overtake that of the US.
It didn't, of course, but that doesn't meant China doesn't still have a huge economy. We've been through this before.
China will now stimulate its economy. It has no choice. We talked about this years ago.
And amazingly, this is getting less attention on CNBC than what the Fed will do next.
How bad is it? Xi has purged his entire economic team. One would assume the next economic team doesn't want to face the same fate.
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Disclaimer
Brief Reminder
Locator: 48395MU.
Despite what some folks tell us, chips are NOT commodities.
TV crawler at 3:57 p.m. CDT, after earnings released: shares up $14.33.
The "Fast Money" folks are still negative on Micron. But then they've been on the wrong side of Apple also over the years. Must "have grown up" on Intel.
Locator: 48394AI.
Micron earnings, link here:
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Chip Shortage On The Horizon?
When it comes to AI, there are two camps:
I'm in the second camp.
Personal investing: Sophia added to her NVDA position today.
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Disclaimer
Brief Reminder
Locator: 48393CLR.
Located northwest of Red Mike Hill and The Links of North Dakota.
The wells:
The maps:
Locator: 48391B.
S&P, NASDAQ: hover around intra-day highs. Again.
OPEC: struggling
Utility sector surging: on back of AI requirements. One year:
"European" GDP forecasts:
US GDPNow:
EVs: no longer makes financial sense to buy an EV (now that subsidies have been taken away) -- Goldman Sachs analyst. Link here -- a video that's actually worth watching.
GM and Ford: down 4 to 5% in morning trading.
EV charging: the slow roll-out of the Fed EV charging initiative. Link here.
Tech stocks: having a great day.
CNBC: same ol',' same ol' -- still focused on hard landing, recession, Fed rate cut. Gets tedious.
Weekly EIA petroleum report:
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Back to the Bakken
Hess completion strategy study: link here.
Thursday, September 26, 2024: 55 for the month; 183 for the quarter, 507 for the year
40522, conf, Slawson, Fisherman 5-21 28TFH,
39935, conf, Hess, RS-Juma-156-92-1131H-2,
37827, conf, Enerplus, Swift 149-93-10A-15H,
RBN Energy: is the consolidation trend ending in British Columbia's Montney gas formation?
British Columbia’s portion of the immense unconventional Montney formation has been the epicenter of Western Canada’s rapidly rising natural gas production in recent years. It should come as no surprise then that it has also become fertile ground for numerous acquisitions of companies — or some portion of their assets — by more nimble and financially stronger gas producers. However, as we discuss in today’s RBN blog, the most recent acquisition by Canada’s largest natural gas producer, Tourmaline Oil Corp., leaves the list of potential targets shockingly short.
Locator: 48390B.
Tag: halo spacing completion one mystery solved
One important observation in the Bakken is that most Fracture Driven Interactions or FDIs result in increased parent well productivity. [Should I say, wow, wow, wow?]
The positive impact of FUls may be due to the un-cemented completions that are typical for most parent wells in the Bakken.
This was a key observation that contributed to the discovery of ADD.
Over the past 10 years, extensive field measurements were used to calibrate fracture geometry and reservoir simulation models.
These models were the other piece to the ADD puzzle, enableing the evaluation of the ADD concept.
The modeling suggested that there is a potential to "augment" drainage by placing open-hole laterals in between the standard wells prior to fracturing. This paper documents the "discovery process" from field observations to detailed modeling.
The first ADD well was drilled in 2021, about 300 ft from the nearest offset "standard" well. There were four "standard" wells on this pad and extensive data acquisition, with permanent fiber optics and lateral pressure gauges in two wells and deployable fiber in the other two wells.
These measurements characterize the hydraulic fractures that intersected the ADD well. Upon flowback, the ADD wel produced frack sand and higher than expected total fluid rates. With 2.5 years of production, the productivity of the ADD well is about 40% of the "standard" offset wells, validating the ADD concept.
Two more ADD wells were drilled in 2022 to evaluate the limits of ADD productivity, confirming that ADD productivity decreases as distance increases from the offset standard wells.
ADD could lead ot a step-change inproductivity and recovery in unconventional developments.
