Thursday, December 19, 2024

Whiting With Four New Permits -- December 19, 2024

Locator: 44485B.

US House fails to pass Trump-Musk-supported funding bill to keep US government operating into the new year: one wonders if "they" have to cancel the inauguration if the government is shut down. 

Great optic: members of US Congress flying home for Christmas break knowing that they have failed to fund the US government to keep it operating.

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Back to the Bakken

WTI: $69.91.

Active rigs: 36.

Six new permits, #41444 - #41449, inclusive:

  • Operators: Whiting (4); Kraken (2):
  • Fields: Bear Butte (McKenzie); Dollar Joe (Williams)
  • Comments:
    • Kraken has permits for two wells in Bear Butte, a Bear Butte well and a Bubba well, NENE 23-148-101; 
      • to be sited 425 FNL and 435 FEL, and 425 FNL and 501FEL;
    • Whiting (Chord Energy) has permits for four Violet Olson wells, lot 2, section 5-155-96,
      • to be sited 871 / 882 FNL and 2045 / 2144 FEL

Dry hole:

  • 32124, dry, Whiting, Niemitalo 31-15-2XH, Mountrail County; 

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The Book Page

Four essays back-to-back in the current issue of Claremont Review of Books, Fall 2024:

  • "The Liberties of a Nation": Thomas Jefferson and the Fight Against Slavery, by Cara Rogers Stevens, University Pres of Kansas, 400 pages, $54.00, essay / book review by Jean M. Yarbrough, p. 56."The Great Miscalculation": A Hell of a Storm: The Battle for Kansas, the End of Compromise, and the Coming of the Civil War, by David S. Brown, Scribner, 352 pages, $32, essay / book review by Christoper Flannery, p. 59.
  • "A Rediscovered Gem": The United States, Governed by Six Hundred Thousand Despots: A True Story of Salvery, by John Swanson Jacobs, edited by Jonathan D.S. Schroeder, University of Chicago Press, 328 pages, $115 (cloth), $20 (paper), p. 62.
  • "Reconstructing Reconstruction": The Rise and Fall of the Second American Republic: Reconstruction, 1860 - 1920, by Manisha Sinha, Liveright, 592 pages, $39.99 (cloth), $19.99 (paper), p. 64.

Thursday -- GDP Revised Upward -- December 19, 2024

Locator: 44484B.

Historic: Trump, Elon, DOGE force Congress to scrap bill that would have kept funding to keep government running through March, 2025. Inserted into the bill: a pay raise for Congress. Wow. Inserted without fanfare. Without headlines. Trump not even president yet. And it's the Dems that are upset. Finally, some adulting. 

Musk changes everything: he can target most vulnerable GOP candidates coming up for re-election in 2026, and he has very deep pockets for any challenger. Link here.

Market: looks like the open could be green. We'll see. Dow riding longest daily losing streak since 1974.

"Triple witching" tomorrow: not sure how CNBC missed this. A guest brought it up in passing. Expect to see more volatility today. Could see that volatility in first thirty minutes. Then, mid-day and EOD to watch.  

GDP: link here and also here.


Apple buyback, link here:

Iran / Syria fallout continues, link here:

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Back to the Bakken

Major NG pipeline proposed for the Bakken: in today's Bismarck Tribune.

WTI: $70.42. This has been a relatively long stretch with WTI > $70.

Friday, December 20, 2024: 28 for the month; 131 for the quarter, 658 for the year

  • 40039, conf, Hess, BL-Hersel-156-95-0910H-2,
Thursday, December 19, 2024: 27 for the month; 130 for the quarter, 657 for the year
  • 35511, conf, Enerplus, FB Clinton 148-94-29B-32-9B,

RBN Energyrestarts, uprating, microreactors to play important roles in building US nuclear capacity.

The U.S. intends to triple its nuclear generating capacity by 2050 to meet the expected growth in electricity demand and expand carbon-free power production. In a recently related roadmap to achieving that goal, the outgoing Biden administration said the U.S. aimed to have 35 gigawatts (GW) of new nuclear capacity either in operation or under construction by 2035. It also outlined the key roles that restarting previously shut reactors, uprating some facilities to produce more power and the development of microreactors could play in the years ahead. In today’s RBN blog, we’ll discuss the report’s key findings and recommendations and what they tell us about the future of U.S. nuclear power.