Add Two More Bailey Oil Field Permits To MRO's Bakken Inventory -- So Much Work Left To Be Done -- November 4, 2024

Locator: 48711MRO.

The new permits:

• 41301, loc, MRO, Sunell 11-17H, NENE 18-145-93, Dunn County;
• 41302, loc, MRO, Bjorge 41-18H, NENE 18-145-93, Dunn County;

Others this past year (the list may not be complete; posted November 4, 2024):

• 41266, conf/loc, MRO, Sailer 44-9H, Bailey, SWSW 9-145-93; npd;
• 41265, conf/loc, MRO, Odenborg 41-16H, Lake Ilo, SWSW 9-145-93; npd;
• 41264, conf/loc, MRO, Nadine 11-16H, Bailey, SWSW 9-145-93; npd;
• 41263, conf/loc, MRO, Soule 44-8H, Bailey, SWSW 9-145-93; npd;
• 41262, conf/loc, MRO, Macy 41-17H, Bailey, SWSW 9-145-93; npd;

• 41218, conf/loc, MRO, Hannifan 34-9H, Bailey, SWSW 9-145-93; npd;
• 41217, conf/loc, MRO, Bjarne 31-16H, Lake Ilo, SWSW 9-145-93; npd;
• 41216, conf/loc, MRO, Vione 24-9H, Bailey, SWSW 9-145-93; npd;
• 41215, conf/loc, MRO, Torgus 21-16H, Lake Ilo, SWSW 9-145-93; npd;
• 41214, conf/loc, MRO, Laurie 34-8, Bailey, SWSW 9-145-93; npd;

• 41135, conf/loc, MRO, Shepard 24-32H, Bailey, lot 2 section 5-145-93; npd;

• 41130, conf/loc, MRO, Halcrow 14-9H, Bailey, SWSW 9-145-93, npd;

• 40782, conf/drl, MRO, Orval 44-23H, Bailey, NENW 26-146-93, npd;
• 40781, conf/drl, MRO, Crooks 44-23H, Bailey, NENW 26-146-93, npd;

• 40779, conf/drl, MRO, McMillan 14-23H, Bailey, NENW 26-146-93, npd;

• 40774, conf/drl, MRO, Vettleson 11-26H, Bailey, NENW 26-146-93, npd;

• 40751, conf/drl, MRO, Hafner 34-23H, Bailey, NENW 26-146-93, npd;
• 40750,
• 40749,
• 40748,
• 40747,
• 40746,
• 40745,
• 40744,
• 40743, conf/drl, MRO, Jens 21-26H, Bailey, NENW 26-146-93, npd;

• 40708, conf/drl, MRO, Simmons 31-27H, Bailey, SESE 21-146-93, npd;

• 40642, conf/drl, MRO, Thorton 31-26H, Bailey, NENW 26-146-93, npd;

• 40618, conf/drl, MRO, Eubanks 44-11TFH, Bailey, SWSE 11-145-94, npd;
• 40617,
• 40616,
• 40615,
• 40614,
• 40613,
• 40612,
• 40611,
• 40610,
• 40609, conf/drl, MRO, Selmer 21-14H, Bailey, SWSE 11-145-94, npd;

• 40564, conf/drl, MRO, Whitaker 34-11H, Bailey, SWSE 11-145-94, npd;

• 40540, conf/drl, MRO, Rex 11-14H, Bailey, NWNE 15-145-94, npd;
• 40539, conf/drl, MRO, Framstad 41-15TFH, Bailey, NWNE 15-145-94, npd;
• 40536, conf/drl, MRO, Franklin 14-11TFH, Bailey, NWNE 15-145-94, npd;
• 40535, conf/drl, MRO, Prince 14-11H, Bailey, NWNE 15-145-94, npd;
• 40534, drl/drl, MRO, Decorah 44-10TFH, Bailey, NWNE 15-145-94, first 6 days: 14,860 bbls crude oil;

A portion of the Bailey oil field:

Cramer's First Hour -- Part 2 -- November 5, 2024

Locator: 48711CRAMER.

AI: there are two camps -- 

• one camp: it's all hype
• second camp: it's real.
• I'm in the second camp.
• Palantir is soaring.
• Global Foundries up 11%.

Bernie Marcus, wiki. Dies at age 95. 

Bernard Marcus (May 12, 1929 – October 20, 2024) was an American billionaire businessman. He co-founded The Home Depot. He was the company's first CEO and first chairman until retiring in 2002. As of November 2024, Forbes estimated his net worth at US$11 billion.

Bernard (Bernie) Marcus was born to Russian Jewish immigrant parents in Newark, New Jersey.

He was the youngest of four children and grew up in a tenement. He graduated from South Side High School in 1947. Marcus wanted to become a doctor, and was accepted to Harvard Medical School, but could not afford the tuition. He graduated from Rutgers University with a pharmacy degree. He was a member of the Alpha Epsilon Pi fraternity.

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. 

Intel: Cramer changes tune. Says "we" can't ignore Intel. Too big to fail. Reminds us that Intel is looking to monetize it's subsidiary, Altera. 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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.
• Longer version here.

Cramer's First Hour -- Recession Is Finally Here -- Autos And Freight -- November 5, 2024

Locator: 48710CRAMER.

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.  

Recession: autos and freight. 

Ferraris (RACE) down over 5% today.

ADM: down almost 10% today. Accounting irregularities?

Tyson? "Questionable management down there." -- Cramer, didn't expand.

BRK, link here.

Apple, link to The WSJ: 

COP - MRO, link here: 

And here:

California gasoline, 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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.
• Longer version here.

Taco Tuesday -- And For The Archives, Election Day -- November 5, 2024

Locator: 48709B.

Tag: Stellantis $25,000

Boeing: machinists' strike over.

Aramco: spending $130 million per day that it does not have. Javier Blas. 

Tesla: link here.

Stellantis, flashback, July 8, 2024:

Ford, link here:

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

WTI: $71.90.

Wednesday, November 6, 2024: 9 for the month; 69 for the quarter, 583 for the year

• 40310, conf, Hess, EN-Rice A-155-94-0310H-8,

Tuesday, November 5, 2024: 8 for the month; 68 for the quarter, 582 for the year

• 40639, conf, CLR, Vandeberg 6-35H,
• 40309, conf, Hess, EN-Rice A-155-94-0310H-7, 

RBN Energy: PADD 3 exports surge as competition intensifies among major players.  

The Gulf Coast is the engine of U.S. energy markets and its fiercely competitive. Over the past decade, monumental growth of crude oil and NGL production, predominantly from the Permian Basin, has led to a surge in exports, with more than 90% of these liquids departing from marine terminals along the Texas and Louisiana coasts. To facilitate that growth, the region has also experienced a tremendous buildout of gathering systems, pipelines, processing facilities, and especially export docks.

Major Gulf Coast market regions like Corpus Christi, Houston, Beaumont, Lake Charles and Baton Rouge all have unique advantages and disadvantages. And the companies that operate in those regions have strategic motivations for where they would like to see new volumes go. As the Gulf Coast energy sector presses on to a new horizon, competition for market share among major players is intense, impacting producers, midstream operators, downstream consumers and exporters alike. That was the focus of our recent NACON: PADD 3 conference and it’s the subject of today’s RBN blog.