Hunt Oil's Halliday Wells -- Update — January 6, 2025

Locator: 44635B.

The wells:

• 40159, SWD, Bailey oil field;
• 39890, conf, Hunt Oil, Halliday 146-93-11-1H 1, Werner,

Date	Oil Runs	MCF Sold
11-2024	13494	7673
10-2024	16528	7559
9-2024	4609	3103

• 39889, conf, Hunt Oil, Halliday 146-93-12-36H 1, Werner,

Date	Oil Runs	MCF Sold
11-2024	13128	7721
10-2024	14010	6534
9-2024	5187	2251

• 40218, conf, Hunt Oil, Halliday 146-92-19-36H 1, Werner,

Date	Oil Runs	MCF Sold
11-2024	15720	8825
10-2024	19971	9914
9-2024	1485	508

• 40219, conf, Hunt Oil, Halliday 146-92-18-1H 1, Werner, 

Date	Oil Runs	MCF Sold
11-2024	15556	7842
10-2024	21532	7377
9-2024	2403	510

• 35164,736, Hunt Oil, Halliday 146-92-19-18H-3, Werner, t7/19; cum 363K 11/24;
• 20027, 528, Hunt Oil, Halliday 1-30-31H 1, Werner, t11/11; cum 217K 11/24; recent slight jump in production;
• 39378, conf, Hunt Oil, Halliday 146-92-30-31H-3 Werner, npd,
• 39379, conf, Hunt Oil, Halliday 146-92-30-31H-4 Werner, npd,

The map:

Activity In The Bailey Oil Field -- January 6, 2025

Locator: 44634B.

The fourteen-well pad:

• 40747, conf, MRO, Sigrid, Bailey,
• 40774, conf, MRO, Vettleson, Bailey,
• 40743, conf, MRO, Jens, Bailey,
• 40642, conf, MRO, Thornton, Bailey,
• 40744, conf, MRO, Rappley, Bailey,
• 40745, conf, MRO, Eder, Bailey,
• 40746, conf, MRO, ODonnell, Bailey,
• 40779, conf, MRO, McMillan, Bailey,
• 40748, conf, MRO, Gross, Bailey,
• 40749, conf, MRO, Rosenkranz, Bailey,
• 40750, conf, MRO, McAdoo, Bailey,
• 40751, conf, MRO, Hafner, Bailey,
• 40782, conf, MRO, Orval, Bailey,
• 40781, conf, MRO, Crooks, Bailey,

The singleton:

• 18736, 626, MRO, Rosemary Ecklelberg 21-26H, t9/10; cum 290K 11/24; small jump in production, 10/23;

The five-well pad:

• 40708, drl/conf, MRO, Simmons, Bailey,
• 40838, drl/conf, MRO, Sheehan, Bailey,
• 40824, drl/conf, MRO, Akers, Bailey,
• 40829, drl/conf, MRO, Margaret, Bailey,
• 40828, A/conf, MRO, Kleven, Bailey,

The maps:

Six New Permits; Ten Permits Renewed; Twenty Producers Abandoned; Seven DUCs Reported As Completed -- January 6, 2025

Locator: 44633B.

WTI: $73.56.

Active rigs: 35.

Six new permits, #41479 - #41484, inclusive

• Operator: Grayson Mill
• Field: Grinnell (McKenzie)
• Comments:
• Grayson Mill has permits for six Barbara wells, SESE 36-154-97, 
• to be sited 443/593 FSL and 291 FEL.

Ten Oasis permits renewed:

• Oasis: six Lars permits, Cottonwood oil field, Mountrail County, and, four Cindy Blikre permits, Lindahl oil field, Williams County.

Seven producing wells (DUCs) reported as completed:

• 37937, 0, BR, Parrish 4B, McKenzie County;
• 37940, 0, BR, Boxer 4B TFH, McKenzie County;
• 40615, 4,988, MRO, Zwenke 34-11H, Dunn County;
• 40616, 4,975, MRO, Rocky 44-11TFH, Dunn County;
• 40617, 4,687, MRO, Purrier 44-11H, Dunn County;
• 40618, 3,199, MRO, Eubanks 44-11TFH, Dunn County;
• 40828, 584, MRO, Kleven 31-28H, Dunn County;

Producers abandoned: 20 wells noted.

College Football -- North Dakota State Defeats Montana State -- Frisco, TX -- January 6, 2025

Locator: 44632COLLEGEFOOTBALL.

35 - 32.

And yes, it was that close. 

************************
New Music Website Linked

Wiki: Pitchfork.

The website.

Lucid -- Production -- Deliveries -- 2024

Locator: 44631EVS.

Lucid, 2024, link here.

Road To The Super Bowl -- 2025

Locator: 44630NFL.

Nvidia, Apple, Foxconn -- January 6, 2025

Locator: 44629APPLE.

From over the weekend, link here:

**********************************
Disclaimer
Brief Reminder 

• 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.   

Bloomberg On Net-Zero Banking -- January 6, 2025

Locator: 44628GREEN.

This warms the cockles of my heart. The entire story. This story -- but not this article -- has been reported frequently on the blog. 

Another tailwind for the market.

Link here.

Within the span of a month, Wall Street’s biggest banks have quit what had been one of the most popular clubs inside global finance.

The Net-Zero Banking Alliance — a group dedicated to helping lenders reduce their carbon footprints — has in quick succession been abandoned by Goldman Sachs Group Inc., Wells Fargo & Co., Citigroup Inc., Bank of America Corp. and Morgan Stanley. JPMorgan Chase & Co., the largest US bank, looks to be next in line.

The moves reflect US banks’ desire to shield themselves from increasing political pressure as Donald Trump returns to the White House, according to people familiar with the matter who asked not to be identified discussing private deliberations. And NZBA is bracing for more US exits, Secretariat Lead Sarah Kemmitt told members in a Dec. 31 letter seen by Bloomberg. She cited the “political environment.”

At the same time, the real-world impact of the NZBA defections is unclear. According to data compiled by Bloomberg, banks have collectively stepped up their financing of the fossil-fuel industry since the alliance was formed in 2021.

Membership of NZBA was likely more a case of “virtue signaling” than “meaningful climate impacts,” said Jill Fisch, a business law professor at the University of Pennsylvania.

Activists are now demanding that the government intervene to target Wall Street. Environmental Advocates NY, a nonprofit, says it’s urging New York state officials to introduce regulations and laws that would compel banks operating in the world’s biggest financial hub to take climate action.

The wave of NZBA exits follows behind-the-scenes tensions that have been brewing for more than two years, Bloomberg’s reporting has shown. In 2022, JPMorgan and Morgan Stanley were among banks pushing back against binding targets on climate finance. NZBA then watered down some requirements, and members stayed put. But as the Republican Party grows more hostile toward climate-friendly organizations, the finance industry is repositioning itself.

Global temperatures are rising fast, yet banks continue to reap short-term profits by sticking with fossil fuel producers. It’s therefore both “distressing and unsurprising” that Wall Street is turning it’s back on net zero alliances, said Ken Pucker, who teaches sustainability at the Fletcher School at Tufts University in Medford, Massachusetts.

You're Fired! -- January 6, 2025

Locator: 44627ARCHIVES. 

 Trudeau: announces he is stepping down. 10:00 a.m. CST, January 6, 2024.

• will remain in office until new leader is selected / elected
  
• faulted for "hurried" meeting with Trump at Mar-a-Lago
• under Trudeau, Canada seen as 51st state of the US, by new American president
  
• same issues in Canada affecting liberal party as those facing Dems in US
• fallout from Covid-19 policies
• inflation
• opioid crisis
  

NVDA: up 200% in one year.

Early morning Monday, January 6, 2025: has/have the magnificent seven morphed into the amazing trio (AAPL, AMZN, AVGO)?

• MSFT: up $8
• AAPL: up $3.55
• NVDA: up $7.42
• AMZN: up $4.21
• AMD: up $3.19
• MU: up $10.21
• CSCO: up marginally
• GOOG: up $5.92
• AVGO: up over $10 at one point earlier this morning; now up $4.39
• QCOM: up $6.2412

Major story on CNBC today: tariffs. And we'll never see this graph on CNBC --

Link here. I know what assumptions do to folks who make assumptions, but tonight, since I'm in a good mood, I'll make assumptions. I assume a few / some / many / most folks know who Marc Andreessen is. Well, on second thought, maybe I shouldn't make that assumption.

If you don't know, wiki will help.

Balance of trade, Reuters, December 20, 2024, link here:

**********************************
Disclaimer
Brief Reminder 

• 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.   

WTI Just Shy Of $75; Trudeau Ready To Resign; US Equity Market Surging; Nvidia, Chips Jump; Semis Surge On Foxconn's Record 4Q24, Tariff Policy Likely To Be Pared Back, More Targeted -- Manic Monday -- January 6, 2025

Locator: 44626B.

See disclaimer: this is not an investment site. Disclaimer links at sidebar and at the "welcome," top of blog.

Tech: link here.

CNBC: semiconductors surge on news of Foxconn's record profits, 4Q24. Story posted on the blog over the weekend.

AVGO, AMZN, AAPL: has/have the magnificent-7 morphed into the amazing trio?

• NVDA: heading toward record territory today; 
• very, very interesting in light of the "anti-Nvidia" commercial regularly airing on CNBC for past several months.

Steel:

NYC congestion pricing: spokesperson, "commuters will acclimate."

In other words, this is simply a revenue play, and an attempt to save the subway system. Sarah Eisen, CNBC certainly seems very, very negative on this initiative. This, likely, will be another nail in the coffin for those NYC companies thinking about moving out of state, or, in some cases, out of City.

Market: 

Chips, say what? See this post. 

Local: our north Texas economy is doing incredibly well, but not unexpectedly, we're starting to see struggling restaurants announcing closures. Most amazing: McAlister's Deli in Colleyville, TX, announced that it is closing after 17 years at that location. Colleyville: "old money" and lots of it.

Tariffs: already CNBC is backtracking on Trump's tariffs, suggesting that Trump's tariffs will be very, very targeted. All of a sudden, not so worrisome. GM is up 4%; Ford is up almost 2%. 

Short sellers, 2024: down huge in 2024 -- especially those shorting tech and especially Nvidia. 

• Short seller losses: biggest short seller losers
• Nnvidia: -81% 
• Tesla: -64% 
• Apple: -30% (put the "Fast Money" group, led by Dan Nathan in that group?)
  
• Avgo: -83%
• Meta: -45%
• Short seller winners:
• INTC: up 80%

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

WTI: $74.95.

New wells:

• Tuesday, January 7, 2025: 10 for the month, 10 for the quarter,10 for the year,
• 40757, conf, Neptune Operating, Skedsvold 20-29-32 6H,
• 40453, conf, KODA Resources, Amber 3101-4BH,
• 40294, conf, BR, Nordeng 2B TFH,
• 40210, conf, KODA Resources, Amber 1301-3BH,
• 39998, conf, Hess, GO-State-157-97-2116H-5,
• Monday, January 6, 2025: 5 for the month, 5 for the quarter, 5 for the year,
• 40756, conf, Neptune Operating, Skedsvold 20-29-32 6H,
• Sunday, January 5, 2025: 4 for the month, 4 for the quarter, 4 for the year,
• None.
• Saturday, January 4, 2025: 4 for the month, 4 for the quarter, 4 for the year,
• None.

RBN Energy:  after a long slide, Alaska's crude oil production appears primed for rebound.

Alaska North Slope (ANS) crude oil production has been sliding for years — decades really — but that is poised to change in the second half of the 2020s. Two long-planned ANS projects — Pikka and Willow — are slated to start up in 2026 and 2029, respectively. By the early 2030s, these and other projects in the works could return North Slope production to levels not seen since the turn of the century. In today’s RBN blog, we’ll discuss these projects and our new, long-term forecast for ANS oil production — a topic in our upcoming Future of Fuels report.