Grayson Mill With Five More Barbara Permits; Nine Permits Renewed; Eight DUCs Reported As Completed -- January 7, 2025

Locator: 44638B.

Fire, southern California: from the coast to the inland empire, from Santa Monica to Malibu Beach. The evacuation order includes the Getty Villa. Started three hours ago (posted 4:05 p.m. CST, January 7, 2025) 

Winter Storm Cora: starting tomorrow, the winter storm will start west of DFW and move to the east through Little Rock, AR, and on to Memphis, TN. 

Quick! What was the name of the storm that just rolled through Kansas City, MO, to Maryland? Twelve inches of snow in Preston, Maryland. Name of the storm: Blaine. 

Me? I'm in a great mood. Already looking forward to spring and an early swimming season. 

Trump inaugural: as mentioned earlier, the entry fee for sponsoring the Trump inaugural is $1 million. Announced today, Hims and Hers will donate $1 million to the Trump inaugural. Link here.

Zuckerberg moving his "political team" from California to Texas? Priceless. 

France, pop quiz. Age of consent.

• what was the age of consent in France in 2010?
• was is the current age of consent in France?
• when did that change, what year?
• answers later.
  

Covid19 national anthem: link here. That's the one I would nominate. There are other "more official" songs vying for the title. Google it. This particular video still gives me the chills, particularly 1:06 to 1:08. It's as iconic for me as the Bee Gee's "Massachusetts," 1967, or The Animals' "The House of the Rising Sun," 1964. Not iconic, but one I never tire of, Christie's "Yellow River," 1970. Other iconic songs include Del Shannon's "Runaway," 1961; and, any of the Creedence Clearwater "anti-war" anthems, 1968 - 1969.

More: for my generation, the age of music -- the rock and roll that came out during the latter years of the Vietnam War. Put on your headphones and play this one really, really loud: "(Don't You Want) Somebody To Love?" Jefferson Airplane. 1967.

Speaking of Covid: I still have tears for those students from ages four years old to twenty-seven years of age during the Covid-19 lockdown. The scars are much deeper and longer-lasting than seniors like me realize. Perhaps the worst hit: those coming of age students, ages twelve to seventeen: besides being gobsmacked, they had no prior experience that might have helped them (to) cope.

Those stranded astronauts (Boeing):

" ... to complete a new Dragon spacecraft for the mission..." ??? Are you kidding me? Once it's designed, it needs to be built? Tested? Where's MacGyver when we need him?

NBC News tonight, the first fifteen minutes were amazing, on so many levels. Wow, I can't wait for swimming season to start here in north Texas. 2025 is going to be a hoot. HODL.

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Back to the Bakken

Active rigs: 35.

WTI: $74.73. That was not on my bingo card when I woke up this morning. Are your headphones still one?

Six new permits, #41485 - #41490, inclusive:

• Operators: Grayson Mill (5), Koda Resources
• Fields: Grinnell (McKenzie); Daneville (Divide)
• Comments:
• Koda Resources has a permit for a Bock well, NWNW 24-161-102, to be sited 483 FNL and 584 FWL;
• Grayson Mill has permits for five more Barbara wells, SESE 36-154-97, to be sited 381/418 FSL and 291 FEL; note in yesterday's daily activity report:

• Grayson Mill has permits for six Barbara wells, SESE 36-154-97, 
• to be sited 443/593 FSL and 291 FEL.

• that makes eleven new wells for this pad. And, yes, there is evidence there will be jumps in production in older wells once newer wells are fracked.  
• see maps below.
  

Nine permits renewed:

• XTO, various:
• 20119, GBU Janice, Grinnell, Williams
• 30986, Johnsrud, Siverston, McKenzie
• 30987, Johnsrud, ditto
• 31231, Lawlar, North Tobacco Garden, McKenzie
• 31232, Lawlar, ditto
• 31233, Lawlar, ditto
• 36174, Frisinger, Hofflund, Williams
• 36175, Frisinger, ditto
• 37465, Frisinger, ditto

Eight producing wells (DUCs) reported as completed:

• 40237, 2,437, WPX, Missouri River 25-26HC,
• 40388, 2,090, WPX, Missouri River 25-26HA,
• 40391, 1506, WPX, Missouri River 25-26HB,
• 40393, 1,342, WPX, Missouri River 25-26HD,
• 30545, 923, Iron Oil Operating, LLC, Buffalo 5-18-19H,
• 40546, 821, Iron Oil Operating, LLC, Buffalo 4-18-19H,
• 40829, 1,615, MRO, Margaret 41-28H,
• 41000, 826, Iron Oil Operating, LLC, Buffalo 3-18-19H,

The maps for the new Barbara wells (see above):

 

A US Congressional Vote That Was NOT Razor Thin -- Passed By A Huge Margin -- January 7, 2025

Locator: 44637TRUMP. 

"Trump politics" are tracked here. This is not new. I did the same with the Bush II administration ("a lost decade") and the Obama administration ("another lost decade"). I didn't do as much with the Biden administration because it was pretty much a lame duck administration from the very beginning and acted as such.

Many who voted against this bill had at least two things in common:

• if they run for re-election in two years, they are assured of victory regardless of how they vote on any matter; and,
• they were ready to vote FOR the deportation bill if that's what it would have taken to get it passed.

Every member of the GOP in the US House voted for this bill. 

Forty-eight Democrats voted for this bill.

Headline:

Link: https://www.nytimes.com/2025/01/07/us/house-bill-migrants-crime-laken-riley.html?campaign_id=60&emc=edit_na_20250107&instance_id=144092&nl=breaking-news&regi_id=50031340&segment_id=187554&user_id=f8789ca5619fb2f72b13cf4446d65dd0.

Lede: 

The House passed a bill on Tuesday that would target undocumented immigrants charged with nonviolent crimes for deportation, an opening salvo from a Republican majority that has vowed to deliver on President-elect Donald J. Trump’s promised crackdown at the border.

The measure, which drew the support of 48 Democrats as well as all Republicans, appears to be on a path to enactment, having garnered bipartisan backing in the Senate, which plans to take it up on Friday. It is named after Laken Riley, a 22-year-old nursing student who was killed last year in Georgia by a migrant who had crossed into the United States illegally and was arrested and charged with shoplifting, but was not detained.

The quick action reflected how Republicans in Congress, emboldened by the governing trifecta they will hold when Mr. Trump takes office on January 20, 2025, are using their power to revive and pass a raft of border security measures that died during the last Congress in the Democratic-controlled Senate. Those include bills to 

• increase deportations, 
• hold asylum applicants outside of the United States; and,
•  strip federal funding from cities that limit their cooperation with federal immigration enforcement authorities.

I find it amazing that these bills died under the Biden administration. On the other hand, it gives Trump some easy, early wins. And it's a gut check for vulnerable politicos who might vote against such bills.

META Moving Some Of Its Operations From California To Texas -- January 7, 2025

Locator: 44637TEXAS. 

Texas relocation tracked here.

Meta, fact-checking. CNBC says -- "META ends its fact-checking program." Trending over at X. It just got a whole lot more political. Link here. But look at this: 

Meta said it will simplify its content policies by removing restrictions on subjects like immigration and gender and implement a new approach to policy enforcement that will focus on illegal and high severity violations. The company is moving its trust and safety and content moderation teams from California, a historically Democratic state, to Texas, a historically Republican state.

Best news today: FTC chair Lina Khan to exit soon -- she says only eight more business days for her; can't happen soon enough. Back to Columbia as a full professor? Folks need to spend some time on her wiki entry. Cramer agrees. Really, really agrees. Doesn't understand why lower prices, better service is bad for the consumer.

• Pakistani family
• born in London
• moved to US when she was eleven years old
• Columbia Law School
• Yale Law School
• became known for her work in antitrust after publishing influential essay " Amazon's Antitrust Paradox"
• youngest FTC chair ever when appointed in June, 2021

New FTC chair, expected under Trump, see wiki entry.

• American-born
• raised in Virginia
• an articles editor of Virginia Law Review, University of Law School
• practiced antitrust law
• clerked for US Supreme Court Justice Clarence Thomas
• chief counsel, US Senate Committee on the Judiciary, Lindsey Graham; Chuck Grassley
• chief counsel to Mitch McConnell
• appointed by President Biden to the FTC, July, 2023
• but look how long that nomination took to be confirmed: confirmed March 7, 2024 -- almost a year later

Editorial comment / opinion: here's hoping Lina Khan's "Amazon" paper and time at the FTC both become a footnote in US history. That's just a personal opinion. 

Irony: the world is asking, "who elected Musk?" President Biden just awarded George Soros with highest American honor, Presidential Medal of Freedom. Besides their political views, the only difference between George Soros and Elon Musk is their approach to influencing elections. Well, the other difference is how they made their money. LOL.

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Jim Cramer's First Hour

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.

Chart of the day:

AAPL: continues to fall after downgrade by analyst to sell. My suggestion: compare non-Apple semiconductor action today with Apple silicon, today, with a 30-year horizon.

NVDA: market cap starting to gap AAPL's. 

NVDA: literally partnering with any tech that matters. Toyota alone would need 500,000 chips to meet Haung's forecast. Five...hundred...thousand...chips.  

MoffettNathanson: longest "hold" on AAPL during AAPL's longest / greatest run ever. Quick: raise your hand if you follow MoffetNathanson. Okay, you can put your hands down now. MN: completely misreading AI.

JOLTS: reminder -- this is the last to report jobs data. This goes all the way back to November data today. To be released at 10:00 a.m. ET today? Link here and link here. The market is not happy with the data; equity markets and treasury yields went the wrong way. Inflation is still here; unlikely JPow will cut any time soon.

**********************************
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.    

Taco Tuesday -- Jerry Jones And Demi Moore Trending -- January 7, 2025

See disclaimer at sidebar at the right and at the "welcome tab" above.

Locator: 44636B.

SRE: unable to make sense of SRE right now. Trump / Mexico? SRE: corporate audit AI.

KMI: corporate audit AI. 

ENB: interesting. Alberta to expand pipeline capacity. Link here.

MCD: latest company to roll back diversity goals. No links. Story everywhere. HSIA. 

RIVN: still burning cash. Eager to see earnings report; how much the company is losing on each car delivered.

MU: surges yesterday; will continue upward movement today. Who would have guessed? Lightning strikes when Huang speaks. Link here.

AAPL: lots of headwinds.

Best news today: FTC chair Lina Khan to exit soon; can't happen soon enough. Folks need to spend some time on her wiki entry.

Global electricity rates: link here. Link won't work on Firefox. Use almost any other browser.

Germany CO2 emissions: what's it all about, Alfie? Germany says it is due to "going green." Data suggests something else. 

Jerry Jones and Demi Moore both trending on X. Demi Moore for her inspiring speech from the heart; and, Jerry Jones? Holy mackerel. Apparently he is human. Cameo on Landman.  

Meta, fact-checking. 

It just got a whole lot more political. Link here. But look at this: 

Meta said it will simplify its content policies by removing restrictions on subjects like immigration and gender and implement a new approach to policy enforcement that will focus on illegal and high severity violations. The company is moving its trust and safety and content moderation teams from California, a historically Democratic state, to Texas, a historically Republican state.

Local: DFW -- Air India now offers flights to DFW seven days a week. 

Local: ERCOT forecasts "normal" grid conditions.

ISO-NE: yellow - orange this morning. Around $150. Oil accounts for 5%; identical to wind's contribution. Natural gas only 38%. 

**********************************
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.    
  

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

WTI: $73.92. Had been as high as $74 overnight.

New wells:

• Wednesday, January 8, 2025: 12 for the month, 12 for the quarter, 12 for the year,
• 40583, conf, Neptune Operating, Lee South 17-8-5 8H,
• 39999, conf, Hess, GO-State-157-97-2116H-6,
• 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,

RBN Energy: the inside story of the wholesale and retail propane markets.

In 2024, more than 9 billion gallons of propane were delivered to U.S. consumer markets, primarily for residential heating and cooking, with substantial volumes supporting the commercial, industrial, agricultural and transportation sectors. It is a physically complicated business because, unlike electricity and natural gas, which are delivered through wires and pipelines, respectively, the vast majority of the propane used by U.S. consumers is delivered by some combination of pipelines, rail cars and, ultimately, trucks. How does that complicated supply chain work in real life? In today’s RBN blog, we begin a detailed look at the U.S. propane market.