This "Typical" Bakken Well Just Went Over 500,000 Bbls Crude Oil Since Initial Drilling Back In 2011 -- November 24, 2025

Locator: 49797B. 

The permits:

The maps:|

The original well: 

• 19897, 681, CLR, Siverston 1-9H, Elidah, t9/11; cum 542K 9/25 -- half a million bbls of crude oil.

Initial production:

BAKKEN	8-2012	29	6199	6171	1360	18781	18781	0
BAKKEN	7-2012	31	7507	7769	1664	23949	22299	1650
BAKKEN	6-2012	30	8197	8016	1898	29119	27444	1675
BAKKEN	5-2012	31	10032	10217	2331	26379	23019	3360
BAKKEN	4-2012	30	11995	11865	2642	25478	17698	7780
BAKKEN	3-2012	31	14240	14113	2616	20923	11648	9275
BAKKEN	2-2012	29	17950	18658	3045	28887	21062	7825
BAKKEN	1-2012	31	20364	19994	3396	34364	30989	3375
BAKKEN	12-2011	31	18889	19294	3719	27501	17751	9750
BAKKEN	11-2011	30	8847	8610	1717	14072	14072	0
BAKKEN	10-2011	31	6875	6713	1505	10904	10679	225
BAKKEN	9-2011	30	9454	8917	3998	13397	0	13397
BAKKEN	8-2011	1	0	0	0	0	0	0

Jump in production:

BAKKEN	7-2015	31	6493	6260	2977	12840	12592	0
BAKKEN	6-2015	30	6650	6959	3085	13901	4978	8686
BAKKEN	5-2015	31	7312	7304	4189	14988	0	14740
BAKKEN	4-2015	30	10132	9987	7192	13605	0	13366
BAKKEN	3-2015	31	2368	2584	1632	3743	0	3613
BAKKEN	2-2015	28	5089	4966	3545	6725	3251	3250
BAKKEN	1-2015	31	5499	5250	5135	8603	5789	2566

Phoenix Operating With Five New Permits; One DUC Reported As Completed -- November 24, 2025

Locator: 49796B. 

Back to the Bakken

WTI:

Active rigs: 

Five new permits: #42505 - 42509, inclusive:

• Operator: Phoenix Operating
• Field: Kittleson Slough
• Comments:  Phoenix Operating has permits for five T Johnson wells in SESW 29-158-91, 365 FSL and 1858 / 1978 FWL;
• 42509, loc, Phoenix Operating, T Johnson 32-5-8-5HF, Kittleson Slough, 
• 42508, loc, Phoenix Operating, T Johnson 32-5-8-4HF, Kittleson Slough, 
• 42507, loc, Phoenix Operating, T Johnson 32-5-8-3HF, Kittleson Slough, 
• 42506, loc, Phoenix Operating, T Johnson 32-5-8-2HF, Kittleson Slough, 
• 42505, loc, Phoenix Operating, T Johnson 32-5-8-1HF, Kittleson Slough, 

One producing well (a DUC) reported as completed:
41267, 2,021, CLR, Michael State 2-16H, Grinnell, no production data; 

The well of interest is off line:

• 19257, 1,027, CLR, Michael State 31X-16, Grinnell, t4/11; cum 352K 1/25; now offline;   

Beth: Nvidia, AMD, And Broadcom -- COTD -- November 24, 2025

Locator: 49795NVIDIA.

Chart of the day:  

At the close:

Tag: NVDA. 

****************************
The Movie Page

Having watched Chinatown twice this weekend, from start to finish, twice. One really has to pay attention, but if one pays attention, it's an incredible story, an incredible movie.

Prior to watching the movie, and watching reviews of it after watching the movie, I kept hearing the same thing: it's impossible to understand the movie.

I thought the movie was straightforward. Yes, a lot of unknowns, a lot of questions as one watched the movie, but it was no more challenging than any other similar murder mystery we see on television. At least that was my take.

I think Tailor, Tinker, Soldier, Spy was much more difficult to follow. 

But that doesn't take anything away from the movie. Clearly one of the best movies I've ever seen. Everything was great about it. As Ben Makiewizc says, it might be "the perfect film."

But I certainly wouldn't call the movie confusing. That's what makes it such a great movie. I've ordered the screenplay of Chinatown from Amazon. I may order (buy) the movie from Amazon so I can watch it whenever I want.

According to wiki:

According to Freytag, a drama is divided into five parts, or acts, which some refer to as a dramatic arc: exposition, rising action, climax, falling action, and dénouement. Although Freytag's analysis of dramatic structure is based on five-act plays, it can be applied (sometimes in a modified manner) to short stories and novels as well, making dramatic structure a literary element.

So, Chinatown, what was the climax! When did it all come together? When did J.J. Gittes (Jack Nicholson / private detective) get it!?!? At what moment did it all come together? Obviously, it was the scene in which Evelyn Mulray (Faye Dunaway) explains the relationship of her family -- father, daughter, granddaughter. One can argue that Dunaway's "confession" was simply the "climax" of one subplot in the movie but I think it was much more than that. Maybe more later. 

YouTube: Roger Deakins and Steven Soderbergh on "Chinatown" (Roman Polanski, 1974), link here.

Tell Me Again, We're in A Bubble -- November 24, 2025

Locator: 49794AMZN.

Background, wiki, updated today, link here: 

Posted today at x, link here:
 

Ticker:

Solar Energy And Electricity Costs -- November 24, 2025

Locator: 49793SOLAR.

Link here. 

Electricity rates by state, link here, composite, all sectors (residential, commercial, industrial, transportation):

Most expensive (Hawaii is not included for obvious reasons): 

• California: 29.31 cents
• Connecticut: 26.83 cents 

Least expensive:

• Wyoming: 9.91 cents
• Idaho: 9.86 cents 
• Louisiana: 9.61 cents
• North Dakota: 8.42 cents

Despite subsidies, link here:

So, taxpayers high prices for electricity in California as usage of solar energy increases, and those same taxpayers pay to subsidize solar energy.

Narrative, California:

California's electricity costs have risen significantly over time, with rates increasing at a much faster pace than general inflation in recent years. 

Average residential rates grew by 47% between 2019 and 2023, and some customers experienced annual increases as high as 23%. 

These hikes are driven by factors like necessary grid upgrades and wildfire mitigation, and have outpaced general inflation since around 2020. 

Historical cost changes 2019-2023: 

• the average residential electricity rate increased by 47%, far outpacing inflation. 2001-2020: 
• the average commercial retail price of electricity increased by approximately 3.5% per year. 2018-2022: 
• one customer's electricity costs increased by 37% in just five years. 2020-2023: 
• California's electricity price inflation averaged 15.3% during this period, which was 271% higher than the general inflation rate. 

Not one mention of cost of electricity based on source: coal, natural gas, solar, wind. 

Manic Monday -- November 24, 2025

Locator: 49792B.

WTI: 458.49.

New wells reporting: link here.

RBN Energy: link here.

This Is Almost Beyond The Pale -- November 24, 2025

Locator: 49791INV.

I don't even know what to say!

NASDAQ up over 570 points!
DOW up over 250 points!
 

And Buffett?

 This is so awful, I'm not even going to blog any more today.