Monday, October 7, 2024

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:

BAKKEN3-20093139384052380659565950
BAKKEN2-20092844144541452766176610
BAKKEN1-20091123462121552216221620
BAKKEN12-20083147374829332442744270
BAKKEN11-20083051914940374913991390
BAKKEN10-2008316150611847411508115080
BAKKEN9-2008307018714863712968129680
BAKKEN8-20083199281027697618698186980
BAKKEN7-2008311495914957197421961219610
BAKKEN6-20087304623242743347534750

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

BAKKEN10-201819477148781926916391160
BAKKEN9-20182060335953305610493104430
BAKKEN8-20183196849730486417888178110
BAKKEN7-2018311174311878533324285242080
BAKKEN6-2018301371613746554427016269420
BAKKEN5-2018311489314738673728295282180
BAKKEN4-2018301234612401634219578195040
BAKKEN3-201831890087425631150451493335
BAKKEN2-20185171918721966387438620
BAKKEN1-2018101160000
BAKKEN12-20172484258141423612337122770
BAKKEN11-2017121176958410170916790
BAKKEN10-20171000000
BAKKEN9-20179222223727720550
BAKKEN8-201731819901688727887

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

BAKKEN8-202431801969660000
BAKKEN7-2024306526084797495711636
BAKKEN6-2024307679595918021762040
BAKKEN5-2024307487475209409901540
BAKKEN4-2024309229676129912948850
BAKKEN3-2024299499746481051791541000
BAKKEN2-20242911087567349448901966
BAKKEN1-2024194767542634071380825
BAKKEN12-20232110959887147898757857
BAKKEN11-2023259407525916560619948

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;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20243174062740487025483779826661108
BAKKEN7-20243136223443248825232288234

 The other wells on that four-well pad:

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

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2024317230972329530938964188916700
BAKKEN7-2024313955374421963237321620

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

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2024315582055842664867185071322523
BAKKEN7-20243129222752283527492590158

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

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20243175212751065446786467852361226
BAKKEN7-20243115666023892121267

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;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2024253726936931285834060140368227
BAKKEN7-2024316479964636481627223471771463
BAKKEN6-2024303243832315467152758927360229

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

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2024002240000
BAKKEN7-2024305074350664224355470854443265
BAKKEN6-2024303768637541312854093840758180

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;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20243174062740487025483779826661108
BAKKEN7-20243136223443248825232288234

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:
BAKKEN9-20223037273982324633912795146
BAKKEN8-202231368035003349340518891053
BAKKEN7-2022173302896642923886
BAKKEN6-20220000000
BAKKEN5-20220000000
BAKKEN4-20220000000
BAKKEN3-20220000000
BAKKEN2-20220000000
BAKKEN1-20220000000
BAKKEN12-20210000000
BAKKEN11-20210000000
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-20210000000
BAKKEN7-20210000000
BAKKEN6-20210000000
BAKKEN5-20210000000
BAKKEN4-202131284382222511390
BAKKEN3-2021311564149063625001871354
BAKKEN2-2021281158113545221201423476

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.