Locator: 49351AI.
I am currently in my Alan Turing phase. I may come back to that.
Suffice it to say: if you're not using a chatbot .... well, what can I say?
AI -- a chatbot -- may not replace you but someone using a chatbot will replace you.
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ChatGPT on The Bakken Basin
AI prompt:
I'm curious to "learn" what you know about the Bakken Basin with regard to the primary oil production operators in that basin. Which oil production operator do you think is the best operator in North Dakota, which pretty much means the North Dakota Bakken oil basin?
ChatGPT provided a long, long answer. Here was the bottom line:
Taking into account recent data, strength in multiple dimensions, and how the players are adapting, here’s who I believe currently stands out in the Bakken as the top operator, and why.
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Chord Energy (post-Enerplus merger): I lean toward Chord being the best in overall value and potential right now. The scale of acreage, combining Enerplus’s strong Bakken experience with Chord’s operational capability, gives them both size and momentum. Their production base is large, and they appear to be in a good position to weather price volatility.
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Continental Resources remains a strong contender. It’s very likely the best operational performer historically (at least among independents) in the Bakken. Their well productivity, technical execution, and staying power are excellent. If you are betting on someone who has consistently gotten strong output per dollar invested, they’re up there.
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Hess also deserves mention: great core acreage, good execution, and relatively efficient operations. Might not have the sheer acreage of Chord + Enerplus or Continental, but very solid.
If pressed for one name: Chord Energy is the “best overall” under the current 2024-2025 conditions, in my view, especially considering the consolidation, acreage, production scale, plus likely resilience in lower price environments.
My reply: amazing. I would agree.
Very active right now: Phoenix Operating, LLC, but the wells are not amounting to much. If the wells don't improve, I would assume the breakeven point for Phoenix Operating is at the high end of estmates in the Bakken, nearer $60 than $45.
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Latest Estimate: Breakeven In The Bakken
From ChatGPT
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Phoenix Operating: See Comments
A reader asked my thoughts regarding the recent article in Forbes regarding Phoenix Operating.
An assessment of that article at this link.
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Disclaimer
Brief
Reminder
Briefly:
- I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
- 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 Bakken, 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. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- Longer version here.
