Updating An Old BR Dodge Well -- October 7, 2024

Locator: 48528B.

February 21, 2022:

• 32977, 30, BR, Dodge 3B MBH, 29 stages; 10.1 million lbs, almost all large white, t1/18; cum 307K 11/20; nice well; cum 331K 5/21; cum 344K 11/21; off line 11/21; remains off line 5/22; now IA; back on line 7/22; cum 349K 9/22; cum 350K 11/22; off line; back on line, cum 369K 8/24;

The BR Dodge wells in Dimmick Lake are tracked here.

The parent well? 

• 17200, 829, BR, Dodge 1-17H, Dimmick Lake, small re-frack, t6/08; cum 349K 11/19; cum 425K 8/24; 

Initial production back in 2008 when it was first drilled:

BAKKEN	3-2009	31	3938	4052	380	6595	6595	0
BAKKEN	2-2009	28	4414	4541	452	7661	7661	0
BAKKEN	1-2009	11	2346	2121	552	2162	2162	0
BAKKEN	12-2008	31	4737	4829	332	4427	4427	0
BAKKEN	11-2008	30	5191	4940	374	9139	9139	0
BAKKEN	10-2008	31	6150	6118	474	11508	11508	0
BAKKEN	9-2008	30	7018	7148	637	12968	12968	0
BAKKEN	8-2008	31	9928	10276	976	18698	18698	0
BAKKEN	7-2008	31	14959	14957	1974	21961	21961	0
BAKKEN	6-2008	7	3046	2324	2743	3475	3475	0

Then, ten years later, production took a big jump:

BAKKEN	10-2018	19	4771	4878	1926	9163	9116	0
BAKKEN	9-2018	20	6033	5953	3056	10493	10443	0
BAKKEN	8-2018	31	9684	9730	4864	17888	17811	0
BAKKEN	7-2018	31	11743	11878	5333	24285	24208	0
BAKKEN	6-2018	30	13716	13746	5544	27016	26942	0
BAKKEN	5-2018	31	14893	14738	6737	28295	28218	0
BAKKEN	4-2018	30	12346	12401	6342	19578	19504	0
BAKKEN	3-2018	31	8900	8742	5631	15045	14933	35
BAKKEN	2-2018	5	1719	1872	1966	3874	3862	0
BAKKEN	1-2018	1	0	116	0	0	0	0
BAKKEN	12-2017	24	8425	8141	4236	12337	12277	0
BAKKEN	11-2017	12	1176	958	410	1709	1679	0
BAKKEN	10-2017	1	0	0	0	0	0	0
BAKKEN	9-2017	9	222	223	7	277	205	50
BAKKEN	8-2017	31	819	901	68	872	788	7

Now, current production. We'll soon see if it takes another jump:

BAKKEN	8-2024	31	801	969	660	0	0	0
BAKKEN	7-2024	30	652	608	479	7495	7116	36
BAKKEN	6-2024	30	767	959	591	8021	7620	40
BAKKEN	5-2024	30	748	747	520	9409	9015	40
BAKKEN	4-2024	30	922	967	612	9912	9488	50
BAKKEN	3-2024	29	949	974	648	10517	9154	1000
BAKKEN	2-2024	29	1108	756	734	9448	9019	66
BAKKEN	1-2024	19	476	754	263	4071	3808	25
BAKKEN	12-2023	21	1095	988	714	7898	7578	57
BAKKEN	11-2023	25	940	752	591	6560	6199	48

Random Look At Some EOG Wells In Phaelens Butte -- October 7, 2024

Locator: 48531EOG.

The huge EOG well reported today:

• 40505, 1,612, EOG, Mandaree 0916-03H, Phaelens Butte, t7/24; cum 78K 8/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2024	31	74062	74048	70254	83779	82666	1108
BAKKEN	7-2024	31	3622	3443	2488	2523	2288	234

 The other wells on that four-well pad:

40504, drl/A, EOG, Mandaree 0916-02H, Phaelens Butte, t7/24; cum 76K 8/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2024	31	72309	72329	53093	89641	88916	700
BAKKEN	7-2024	31	3955	3744	2196	3237	3216	20

40506, drl/A, EOG, Mandaree 0916-04H, Phaelens Butte, t7/24; cum 58K 8/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2024	31	55820	55842	66486	71850	71322	523
BAKKEN	7-2024	31	2922	2752	2835	2749	2590	158

40507, drl/A, EOG, Mandaree 0916-05H, Phaelens Butte, t7/24; cum 75K 8/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2024	31	75212	75106	54467	86467	85236	1226
BAKKEN	7-2024	31	156	66	0	2389	2121	267

Other wells in the area:

It appears, after checking a few wells in the area, the wells operated by Missouri River Resources, ND, LLC, are mediocre at best. Only checked a few. Then lost interest.

It appears, just checking a few random wells, the more recent wells drilled in the area by EOG are incredibly good wells. More examples:

39758, drl/A, EOG, Mandaree 120-1015H, Phaelens Butte, t5/24; cum 135K 8/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2024	25	37269	36931	28583	40601	40368	227
BAKKEN	7-2024	31	64799	64636	48162	72234	71771	463
BAKKEN	6-2024	30	32438	32315	46715	27589	27360	229

39760, drl/A, EOG, Mandaree 21-1015H, Phaelens Butte, t5/24; cum 88K 8/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2024	0	0	224	0	0	0	0
BAKKEN	7-2024	30	50743	50664	22435	54708	54443	265
BAKKEN	6-2024	30	37686	37541	31285	40938	40758	180

Slawson With Three New Permits; Four DUCs Reported As Completed -- October 7, 2024

Locator: 48530B.

WTI: $77.92. Crude oil soars over 3.% as Hezbollah strikes Haifa. Charles Kennedy.

Active rigs: 37.

Three new permits, #41211 - #41213, inclusive:

• Operator: Slawson
• Field: Bully (McKenzie)
• Comments:
• Slawson has permits for three Daredevile Federal wells, lot 3, section 2-148-100, 
• to be sited 300 FNL and at the following distances FWL: 2200; 2300; and 2350.

Four producing wells (DUCs) reported as completed:

• 40322, 478, Oasis, Iceman Federal 5601 34-05 4B,
• 40505, 1,612, EOG, Mandaree 0916-03H,
• 40579, 478, Oasis, Iceman Federal 5601 34-05 3B,
• 40622, 738, Oasis, Iceman Federal 5601 34-05 2B,

The huge EOG well reported today:

• 40505, 1,612, EOG, Mandaree 0916-03H, Phaelens Butte, t7/24; cum 78K 8/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2024	31	74062	74048	70254	83779	82666	1108
BAKKEN	7-2024	31	3622	3443	2488	2523	2288	234

Market Today -- October 7, 2024

Locator: 48529B.

Personal investing: Sophia sold her entire position in one of the high-flying tech stocks at the open early this morning. By the end of the day that tech stock finished down about three percent. She kept her Nvidia position.

From twitter, link here:

Tickers at the close:

DJI down about a percent:

BRK-B down two percent today:

And NVID up about 2.5 percent for the day; five percent for the week:

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Cramer's First Hour, Part 3 -- October 7, 2024

Locator: 48527CRAMER.

Jack Lew: whatever happened to Jack Lew, you are probably wondering. LOL. The Secretary of Treasury 2013 - 2017 is now the US ambassador to Israel.  

The Fed: one and done. 

GDPNow, October 1, 2024: 2.5%.

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Updating MRO Wells In Reunion Bay / Antelope-Sanish -- October 7, 2024

Locator: 48526MRO.

March 17, 2022:

• 21450, off-line due to neighboring huge fracks; remains off line 5/22; now IA; AB; see this note.

Update, two older wells on same pad:

• 21243,1,787, MRO, Everett Fisher USA 31-6H, Reunion Bay, t2/12; cum 544K 8/24; halo effect back in 2022:
• 21450, 1,600, MRO, Jessica USA 21-6TFH, Reunion Bay, t3/12; cum 429K 8/24; halo effect back in 2022:

BAKKEN	9-2022	30	3727	3982	3246	3391	2795	146
BAKKEN	8-2022	31	3680	3500	3349	3405	1889	1053
BAKKEN	7-2022	17	330	28	966	429	238	86
BAKKEN	6-2022	0	0	0	0	0	0	0
BAKKEN	5-2022	0	0	0	0	0	0	0
BAKKEN	4-2022	0	0	0	0	0	0	0
BAKKEN	3-2022	0	0	0	0	0	0	0
BAKKEN	2-2022	0	0	0	0	0	0	0
BAKKEN	1-2022	0	0	0	0	0	0	0
BAKKEN	12-2021	0	0	0	0	0	0	0
BAKKEN	11-2021	0	0	0	0	0	0	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	0	0	0	0	0	0	0
BAKKEN	8-2021	0	0	0	0	0	0	0
BAKKEN	7-2021	0	0	0	0	0	0	0
BAKKEN	6-2021	0	0	0	0	0	0	0
BAKKEN	5-2021	0	0	0	0	0	0	0
BAKKEN	4-2021	3	128	438	22	225	113	90
BAKKEN	3-2021	31	1564	1490	636	2500	1871	354
BAKKEN	2-2021	28	1158	1135	452	2120	1423	476

New pad just a few feet to the southwest:

• 37811, loc/loc, MRO, Cecelia USA 11-6H, Reunion Bay, t--; cum --;
• 37812, loc/loc, MRO, Riley USA 44-36TFH, Antelope-Sanish, t--; cum --;
• 37813, loc/loc, MRO, Bracklin USA 14-3H, Antelope-Sanish, t--; cum --;

Updating Several Monster EOG Wayzetta Wells In The Parshall Oil Field; A Run-Of-The-Mill Wayzetta Well Trending Toward One Million Bbls Crude Oil Cumulative -- October 7, 2024

Locator: 48525WAYZETTA.

December 27, 2021: #26216, #26217, #26929 (PA): great wells; needs stand-alone post some day.

The udpate.

The wells:

• 26216, 1,440, EOG, Wayzetta 43-0311H, Parshall oil field, t6/14; cum 586K 8/24;
• 26217, 424, EOG, Wayzetta 42-0311H, Parshall oil field, t5/14; cum 693K 8/24;
• 26929, PA/133, EOG, Wayzetta 148-0311H, Parshall, t6/14; cum 15K 10/15;

Well of interest:

• 16991, IA/1,383, EOG, Wayzetta 9-03H, Parshll, t7/08; cum 837K 5/24; off line;

Another pad, sited in same section; wells parallel the three wells above:

• 26458, 1,374, EOG, Wayzetta 45-0311H, Parshall, t6/14; cum 901K 6/24; off line;
• 20541, PA/60, EOG, Wayzetta 114-0311H, Parshall, t6/14; cum 7K 8/15; off line;
• 26459, 1,182, EOG, Wayzetta 44-0311H, Parshall, t5/14; cum 791K 6/24; off line;
  

Two new wells sited in same section but horizontals will run north, opposite of those above:

• 40645, drl/conf, EOG, Apricot 0328-02H, Parshall oil field;
• 40644, drl/conf, EOG, Apricot 0332-01H, Parshall oil field;

Apple -- Get Ready For It -- M4 and AI Rollout -- October 7, 2024

Locator: 48522APPLE.

Apple M4 Macs and iPad Minis, link here: 

Apple Intelligence -- Siri -- iOS 18.1 - to be released over Halloween weekend, link here.

Cramer's First Hour, Part 2 -- October 7, 2024

Locator: 48521CRAMER.

Black Friday: wasn't that an October event?

Pre-market:

Motley Fool: AVGO, NVDA, SMCI (Super Micro Computer). Link here. 

RIVN: on track to drop again today. 

Ford: this is the problem -- UK mandates percent of overall fleet to be emission-free. Only way Ford in UK is going to meet that goal is to cut production of ICE vehicles -- high margins, high value, high demand. Link here. EVs: low demand, high production cost, low margins -- in fact, often selling at a loss.

Robby Starbuck: link here. No doubt the Bud debacle has spooked Toyota, others. Robby Starbuck here at wiki. Toyota ends "woke-policies; will concentrate on STEM.

********************************
HENRY

HENRY: high earners, not rich yet. Link at The WSJ. Somehow I have trouble relating. The lede:

Fifteen years ago if you’d told April Little that she’d make $300,000 a year, she would have pictured a life free of financial stress. 

“The white picket fence—I have the whole visual in my head,” says Little, 38 years old, a human-resources executive turned career coach in Rochester, N.Y. “I don’t want to sound ungrateful, but when I got to that proverbial mountaintop I realized there’s a lot of expenses. And I still don’t own a home.”

So go the plush-but-not-too-plush lives of the Americans who qualify as HENRY—high earner, not rich yet. 

Another:

Monique So, a 40-year-old financial consultant, says she and her husband, a software engineer, have a net worth in the mid-seven figures. But she likely won’t breathe easy until, or if, they accumulate an eight-figure net worth. Daycare for their 2-year-old takes a $30,000 bite out of their family budget. 

[That begs the question: how do they budget for a college education?]

Common theme:

• high cost state -- taxes, commuting, daycare
  
• private elementary school for two to three children
• daycare -- incredibly expensive
• luxury car for each
  
• high net worth but cash poor
• living beyond their means

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Inter-Generational Transfer Of Wealth -- Update -- October 7, 2024

Locator: 48520WEALTH.

Inter-generational wealth transfer. Liz Ann Sonders. A recurrent theme on the blog.  Link here. Demographics. Wealth transfer.

• $84 trillion
• over next twenty years
• largest share, $30 trillion to Gen X

 

For the grandchildren: link here.

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Cramer's First Hour, Part 1 -- Football Weekend -- October 7, 2024

Locator: 48519CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC. 

The big question: how did media get it so wrong about the dockworker strike? Expected to last weeks, barely got started before it was over.  

NCAA football rankings out. Vanderbilt does not make top 25. Alabama drops to #7. Texas goes to #1.

Dallas wins last night. Close, but a win is a win. On the road against the Pittsburgh Steelers.

FEMA: under fire. Director's priority: the "feelings" of her workers. FEMA workers apparently feel threatened after government announces $750 / person aid package -- for those qualifying.

Inter-generational wealth transfer. Liz Ann Sonders. A recurrent theme on the blog.  Link here. Demographics. Wealth transfer.

• $84 trillion
• over next twenty years
• largest share, $30 trillion to Gen X

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

WTI Above $76 -- Phoenix Operating To Report A Number Of New Wells Over The Weekend -- October 7, 2024.

Locator: 48518B.

Nobel Prize, Physiology Or Medicine: two American physicians, Ivy League, microRNA. Link here. First of week-long announcements.

Viktor Ambros is from Hanover, New Hampshire, and is the Silverman Professor of Natural Science at the University of Massachusetts Medical School in Worcester, Massachusetts. Gary Ruvkun, from Berkeley, California, is a professor of genetics at Harvard Medical School.

***********************************
Back to the Bakken

WTI: $76.42. Up $2.04; up almost 3%.

Tuesday, October 8, 2024: 21 for the month; 21 for the quarter, 535 for the year
None.

Monday, October 7, 2024: 21 for the month; 21 for the quarter, 535 for the year
29659, conf, Grayson Mill, Moberg Federal 149-95-29-32-1H,
37821, conf, Enerplus, Canidae 149-93-10B-15H,

Sunday, October 6, 2024: 19 for the month; 19 for the quarter, 533 for the year
40308, conf, Phoenix Operating, Young 5-6-1-0H-LL,
38206, conf, Petroshale, Bear Chase North 2TFH,
29658, conf, Grayson Mill, Moberg Federal 149-95-29-32-13HLW,

Saturday, October 5, 2024: 16 for the month; 16 for the quarter, 530 for the year
40276, conf, Phoenix Operating, Young 5-6-1 4H,
40275, conf, Phoenix Operating, Young 5-6-1 3H,
40274, conf, Phoenix Operating,Young 5-6-1 2H,
40206, conf, Phoenix Operating, Young 5-6-1 1H,
37822, conf, Enerplus, Fennec 149-93-10B-15H,
17924, conf, Grayson Mill, Moberg 1-29H, 

RBN Energy: short-lived dockworker strike stalls container traffic, but impact on liquids seen as minor.

Thousands of unionized dockworkers walked off the job at ports along the U.S. East and Gulf coasts October 1 in the first work stoppage for those regions since 1977. Three days later, they’re heading back to work with a tentative deal on wages in hand and an agreement to continue negotiating on other issues through mid-January. The strike didn’t threaten liquid exports like crude oil and LNG but imports of action figures and exports of plastic pellets used to make them — as well as other dry containerized products and feedstocks — hit a brief standstill. In today’s RBN blog, we’ll examine the potential fallout avoided by the labor agreement.