Sunday, January 12, 2025

"Super Catch-Up" Contribution -- For Those Still Working, The US Congress Provides A Huge Windfall For Older Workers -- January 12, 2025

Locator: 44670TAXES.

Links everywhere. Easy to find. 

This is huge and just starting to be reported.

I forget how I first came across this windfall for older workers, particularly high-salaried older workers, like CEOs, but here it is.


From the IRS:

Others:



Politicos watching out for themselves or their families or their friends. The tax break lasts for exactly two US House terms:

****************
JOBS

From Yahoo!Finance last week:


And
, link here;: 

California Bullet Train -- Update -- January 12, 2025

Locator: 44669CALI.

To put the Pacific Palisades financial loss in perspective: right now, the losses due to the fires may be about what the cost of the Bullet Train is currently said to be. 

Link here.

This past week, just hours before the fires began in southern California and mayor Bass was (soon?) on her way to Ghana, Africa, Governor Newsom was breaking ground on a new railyard for the Bullet Train. As Taylor Swift would say, "a lot going on at the moment." 

Near Shafter, CA:

Construction of a new railyard between Wasco and Shafter in Kern County will set the stage for the eventual construction of tracks and other operating systems for California’s planned high-speed rail project.
The site, called a railhead, is near the southernmost end of a 22-mile stretch of the future bullet-train route from the Tulare-Kern county line to Poplar Avenue near Shafter, northwest of Bakersfield. 

This got a lot of press, but in fact, it's nothing more than a staging area for material. Governor Newsom suggested that rail would start to be laid in a "couple of years." 

To put this all in perspective, the losses from the southern California fire were estimated to be in the $20-billion range in the first couple of days, but now estimates are as high as $150 billion.

The Bullet Train is apparently still a $100-billion short, according to other sources. 

So, as I see it, if California has enough money to pay for a bullet train way over budget, the state will have more than enough to cover the southern California fires.

“This damn thing is substantially permanent,” Newsom said of the overall Valley portion of construction from north of Madera to Shafter, the first stages of what is planned as an initial operating segment for the trains between Merced and Bakersfield.
“Finally, we’re at the point where we’re going to start laying down this track in the next couple years.”

On another note, the governor can say any budgetary deficits the state incurs over the next few years can be blamed on the fires. 

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The Small Screen Page

Link here.

One of our favorite series back in the day.

Production Data For Wells Coming Off Confidential List This Next Week -- January 12, 2025

Locator: 44668WELLS.

The wells:

  • 40200, conf, BR, Nordeng 2A MBH, Elidah npd, 
  • 40116, conf, Silver Hill Energy Operating, LLC, Storsul 158-93-8-5-10MBH, East Tioga,
DateOil RunsMCF Sold
11-20241250911066
10-20241608216277
9-2024189936236
8-2024206013209
  • 38407, conf, Petro-Hunt, USA 153-95-13D-1HS, Elm Street, nprd,
  • 40794, conf, CLR, Anheluk 4-26HX, St Demetrius,
DateOil RunsMCF Sold
11-202471252527
  • 40100, conf, Silver Hill Operating, LLC, Storsul Federal 158-93-8-5-1MBH, East Tioga,
DateOil RunsMCF Sold
11-20241348213502
10-20241816117006
9-20242187911482
8-2024268167766
  • 37976, conf, BR, Concord 3A, Little Knife, npd,
  • 40296, conf, BR, Kellogg Ranch 2A TFH, Elidah, npd,
  • 40101, conf, Storsul Federal 158-93-8-5-2MBH, East Tioga,
DateOil RunsMCF Sold
11-20241268113789
10-20241679413285
9-2024186124896
8-2024224615942
7-202479094668
  • 40082, conf, Hess, EN-Halvorson-157-93-3229H-7, Big Butte,
DateOil RunsMCF Sold
11-20242038234195
10-20242732440000
9-20242795137710
8-20242742732231
7-2024243118511
  • 37975, conf, BR, Concord 3B, Little Knife, npd,
  • 40098, conf, Silver Hill Energy Operating, LLC, Paige Federal 158-93-18-19-4MBH, East Tioga,
DateOil RunsMCF Sold
11-20241359318521
10-20241842921186
9-20242236118298
8-20242451525694
7-20241159413465
  • 33070, conf, BR, Mancord 14-10 MBH-ULW, Little Knife, npd,
  • 17384, conf, Mercury Resources, Jean Baptiste 1-11H, Buford; last produced 11/24; now on confidential list;
DateOil RunsMCF Sold
11-20246990
7-20144520
6-201411600
5-201420550
4-201423330
2-201414180
1-201411310
  • 40834, conf, Koda Resources, Stout 1402-1BH, Fertile Valley,
DateOil RunsMCF Sold
11-20244431577
  • 40115, conf, Silver Hill Energy Operating, Morgen Federal 158-93-17-20-10MBH, East Tioga,
DateOil RunsMCF Sold
11-20241216415863
10-20241682819453
9-20242102810341
8-2024230087801
7-2024131707935
  • 40205, conf, Koda Resources, Stout 1402-2BH, Fertile Valley,
DateOil RunsMCF Sold
11-202452981372
  • 40099, conf, Silver Hill Energy Operating, LLC, Morgen Federal 158-93-17-20-1MBH, East Tioga,
DateOil RunsMCF Sold
11-20241074814409
10-20241454113993
9-2024166296413
8-2024195145075
7-2024117287542
  • 40587, conf, Neptune Operating LLC, Simpson LW 5-8 12H, Elk, npd,
  • 40199, conf, Grayson Mill, Hopes 30-27F 5H, Briar Creek,
DateOil RunsMCF Sold
11-20242926616361
10-2024137555930
9-20242286310737
8-2024475347481
7-202451600
  • 40588, conf, Neptune Operating LLC, Simpson LW 5-8 5H, Elk, npd,
  • 40295, conf, BR, Kellogg Ranch 2B TFH, Elidah, npd,
  • 40083, conf, Hess, EN-Halvorson-157-9-3229H-6, Big Butte,
DateOil RunsMCF Sold
11-20241854936070
10-20242601639798
9-20242620633140
8-20242248727180
7-20243904232779
  • 40565, conf, Neptune Operating LLC, Simpson 5-8 6H, Elk, npd,

Wells Coming Off Confidential List This Next Week -- January 12, 2025

Locator: 44667WELLS.

Wednesday, January 22, 2025: 38 for the month, 38 for the quarter, 38 for the year,  
40200, conf, BR, Nordeng 2A MBH, 
40116, conf, Silver Hill Energy Operating, LLC, Storsul 158-93-8-5-10MBH,

Tuesday, January 21, 2025: 36 for the month, 36 for the quarter, 36 for the year, 
38407, conf, Petro-Hunt, USA 153-95-13D-1HS,

Monday, January 20, 2025: 35 for the month, 35 for the quarter, 35 for the year, 
40794, conf, CLR, Anheluk 4-26HX,
40100, conf, Silver Hill Operating, LLC, Storsul Federal 158-93-8-5-1MBH,
37976, conf, BR, Concord 3A, 

Sunday, January 19, 2025: 32 for the month, 32 for the quarter, 32 for the year, 
40296, conf, BR, Kellogg Ranch 2A TFH,
40101, conf, Storsul Federal 158-93-8-5-2MBH,
40082, conf, Hess, EN-Halvorson-157-93-3229H-7,
37975, conf, BR, Concord 3B,

Saturday, January 18, 2025: 28 for the month, 28 for the quarter, 28 for the year,  
40098, conf, Silver Hill Energy Operating, LLC, Paige Federal 158-93-18-19-4MBH,
33070, conf, BR, Mancord 14-10 MBH-ULW,

Friday, January 17, 2025: 26 for the month, 26 for the quarter, 26 for the year, 
17384, conf, Mercury Resources, Jean Baptiste 1-11H,

Thursday, January 16, 2025: 25 for the month, 25 for the quarter, 25 for the year, 
40834, conf, Koda Resources, Stout 1402-1BH,
40115, conf, Silver Hill Energy Operating, Morgen Federal 158-93-17-20-10MBH,

Wednesday, January 15, 2025: 23 for the month, 23 for the quarter, 23 for the year, 
40205, conf, Koda Resources, Stout 1402-2BH,
40099, conf, Silver Hill Energy Operating, LLC, Morgen Federal 158-93-17-20-1MBH,

Tunesday, January 14, 2025: 21 for the month, 21 for the quarter, 21 for the year,
None.

Monday, January 13, 2025: 21 for the month, 21 for the quarter, 21 for the year,
40587, conf, Neptune Operating LLC, Simpson LW 5-8 12H,
40199, conf, Grayson Mill, Hopes 30-27F 5H,

Sunday, January 12, 2025: 19 for the month, 19 for the quarter, 19 for the year,
40588, conf, Neptune Operating LLC, Simpson LW 5-8 5H,
40295, conf, BR, Kellogg Ranch 2B TFH,

Saturday, January 11, 2025: 17 for the month, 17 for the quarter, 17 for the year,
40083, conf, Hess, EN-Halvorson-157-9-3229H-6,
40565, conf, Neptune Operating LLC, Simpson 5-8 6H,

Saudi Arabia Foreign Exchange Reserves -- January 12, 2025

Locator: 44666SAUDI.

Link here.