The Devon energy Brakken 30-31 1-H ("discovery well") has been off line since 2/25, suggesting that the four new Brakken wells were recently fracked. Generally, "discovery" wells are brought back on line quickly if they are going to be put back into production. This suggests the original Brakken well may not be going back into production. The good news: it's still listed as "IA."
See this post for four new Brakken wells soon coming off confidential list.
The well:
19008, 2,804, Devon Energy/Grayson Mill/Equinor/Statoil, Brakken 30-31 1-H, Catwalk, t12/10; cum 314K 1/25; a good well; two-section spacing; stimulated 12/03/2010; 30 stages; 3,484,740 lbs proppant; 69,510 bbls fluid; at the time, a wildcat well; initial production:
Link here. Jiu-jitsu tournament in Dallas, Texas, where they take their sports really, really seriously.
In the video below, Sophia is in white, to the observer's left -- she outgrew her "black competition robe," and her new robe has not yet come in.
Sophia won all three matches by "submission," after getting her opponent in a "headlock" -- a dangerous position for. her opponent. In a headlock, the opponent will "tap out" -- the opponent will ask to stop the match so she (Sophia's opponent) is not injured.
Sophia has perfected her technique to bring her opponent down, bring her opponent down on top of her, wrap her long legs around her opponent, control her opponent, and then quickly, move her legs into a headlock -- Sophia's legs wrapped around her opponent's neck in a choke hold. Her opponent has no choice but to "tap out" -- concede, to prevent serious injury.
Matches are scheduled for 3:00 minutes. Sophia ended all three matches today, by submission. She ended the first two matches under 1:53.
In the video below, Sophia's South Korean coach was at the mat, filming. This was such a big deal, the wife of Sophia's coach was also at the mat, watching Sophia. The coach's wife is also a martial arts instructor, excelling in taekwando, rather than jiu-jitsu.
After the third win, in the video below, look how excited Sophia's coach was. I have never seen her coach so excited.
June 8, 2024: even Fox was blown away by the numbers, noting that 272,000 new jobs blew past even the highest estimates (258K). Over on social media (the comments), it sounds like a lot of folks have no clue.
Olivia is captain of her high school soccer team. She is a senior this year. Last year, as a junior, she was also captain, and her team took the state championship in high school girls soccer in Texas.
Today, their first tournament of the new year. Today, the second game of that tournament. They won their first game yesterday, 2 - 1.
This second game, score tied 1 - 1 near the end of the game. With twenty-five seconds left in the game!
Olivia gets a free corner kick. To the team's center back -- a header and a score. Olivia's team win 2 - 1.
It is hard to see, but Olivia gets the free corner kick. It is absolutely perfect, right to the front and middle of the goal, and her teammate gets the header and the goal!
Big Pharma: Before the video, this is huge. Link here. I guess I can add Amazon to my Big Pharma bucket for investing purposes.
Grocers: by the way, last night, 2000 hours, after looking for a particular herb for the past four days and not being able to find it at Albertsons, Target, Market Street, I finally went to Amazon-owned Whole Foods and found the herb in huge quantities, and very reasonably priced.
Business venture, delivering home-building supplies. The twins specifically said "no basket." They wanted "this" option.
************************* The Book Club
Huxley: From Devil's Disciple to Evolution's High Priest, Adrian J. Desmond, c. 1994, 1997. This is "old school" biography. Whoo-hoo.
DFW: 78°F. Feels like 90°F due to high humidity. Poolside.
The Fed: "everyone," a month ago, said the Fed needed to raise rates 75 basis points in March (2023) and keep raising through the rest of the year. After the collapse of the Silicon Valley Band and Credit Suisse, "everyone" agreed that a little inflation is a whole lot better than collapse of the entire global banking system. I was saying that well before the collapse of SVB: the "inflation meme" is overblown. It was only 9% if one was buying a used car.
Blinked? JPow and the Fed? One and almost done. Twenty-five basis points today and one more hike for the year. End point: 5.1%. Compare with folks carrying 24% interest on their cards.
WTI: solidly above $70 after JPow's remarks.
AAPL: "gearing up for a breakout." Not long ago this stock was trading for $135.
Japanese pastry shop opens down the street from our house.
Arianna and Sophia enjoying sushi at Kura, a "revolving sushi" restaurant.
Texas sports: anoche Sophia had soccer practice at a practice field at this church in Colleyville, TX, a suburb of Ft Worth that abuts our town of Euless, TX. There were 18 practice fields on the north side of the church, and 18 practice fields on the south side of the church. Just one of dozens of practice soccer venues in the area.
I'm spending the week in Portland, OR, visiting our 3-year-old grandsons.
Portland gets a lot of bad press. One can't "judge" a city in the northern tier of the United States during the winter, so I won't.
I visit Portland not less than two times a year. So far, I've been here three times in eight months.
Many years ago when we first moved to the Dallas / Ft Worth area, I was struck by the number of huge -- and I mean huge -- churches in the area. I arrived ahead of my wife and I knew she would be put-off by these huge churches, which to her represents the "southern Bible Belt" (which it does) and a very, very conservative mindset (which it does) and for her, a racist ideology (don't know, but she's very insightful and very, very well-read).
Six months after living in the Dallas / Ft Worth area, I no longer noticed the churches. They are still there, but they are so much part of the environment they disappear into the trees, McMansions, and quarter-mile wide intersections.
I thought of that when driving through Portland yesterday -- not sightseeing but running errands -- when my daughter pointed out the changing character of a homeless encampment by which we passed. She said at one time it one of the larger homeless camps in the area. It's still huge, of course, but had she not pointed it out, I would not have noticed. It simply blended into the east Portland purlieus. Seriously.
Downtown:
I took the Blue Line into downtown Portland, yesterday and then again today. There is now security on the entire line -- something I had never seen before. It was my impression there were almost no unsavory riders on the train, but it could simply be due to the blustery, rainy whether. Those folks, I assume, are hunkered down in their tents.
Speaking of which, the tents -- at least in the outlying areas -- have gotten a lot nicer. Run a few extension cords for space heaters, or better yet, put in a few diesel generators and the rent would go way up. LOL.
By the way, if one wants to move some of the more undesirable camps from certain locations downtown, it could easily be managed:
find large open fields, or better yet, abandoned warehouses, at least one half-mile but not more than two miles from the MAX (light rail); in the big scheme of things, the homeless population is now that huge that it can't be made more humane;
install a diesel generator or two, donated by the local power utilities;
install trailer-home hook-ups for electricity, donated by EV charging companies (as a condition for operating in the city);
placement of Port-a-Potties, donated by Waste Management and construction companies (again, as a condition ...)
one hot meal a day, provided by any number of go-good operations already up-and-running in the city;
amenities: a weekly traveling library; free wi-fi; a 24-hour coffee / snacks kiosk / with postal services (yes, it could be done); I've lived in military tent cities at the end of the world;
provide security with time and services donated by the police unions who are always looking for ways to boost their stature in the community;
and, then, the coup de grace, budget miscellaneous expenses and pay for them with federal grant money raised by quadrupling the tax on "share buybacks."
Folks might scoff at the "diesel generator" angle, but I've spent time in African nations in which entire towns "ran off" a single generator, or larger cities, used multiple generators as back-up emergency power.
I won't listen to any "pushback" until the naysayer has read Lady Almina and the Real Downton Abbey at least twice.
Wow, once you start "managing" the problem, everything starts to work:
public health: needle exchange; condoms; HIV medication; immunizations; TB (tuberculosis) testing;
social work: the entire service network;
EVs golf carts to transport residents to public transportation;
the homeless get pre-paid passes on public transportation, paid for by car companies.
Powell's Books:
most incredible bookstore in the world, some might argue; I wouldn't disagree;
I was most impressed by the fact that no homeless folks are camped out there; don't know why; didn't ask;
the store was not particularly busy but it was 10:00 a.m. on a blustery, drizzly morning in the middle of winter;
I was most disappointed with the coffee shop; I had planned to buy my books and then hang out there all day;
the coffee shop has been completely renovated since I was last there more than three years ago;
the coffee shop in Powell's Books was incredibly welcoming; one of the nicer coffee shops I had / have seen in quite some time;
there were no customers in the coffee shop -- none, nada, zilch
then I looked at the menu:
coffee: $3.50 / cup -- no selection of coffees; they probably had a selection, I simply didn't see the selection if it existed;
they offered about eight food items; six were ex-ed out with black grease market; one sandwich for $8.95 was offered;
I did not go in.
literally around the corner, a Starbucks with a 4.3-star rating on Google maps; a Starbucks a bit farther away had a 3.8-star rating.
Starbucks Coffee
surprise, surprise. One of the nicer Starbucks I've been in and because downtown is "empty" during the winter in Portland, I practically had the place to myself. It could easily seat 32 folks with 6-foot Covid-19 spacing -- I mean this place was cavernous ...
coffee and a bacon-egg-cheese sandwich, heated -- cost me less than $9.00.
this will be both breakfast and lunch;
c'mon man: find a less expensive breakfast and lunch in a downtown US city over 100,000 in population -- and I get rewards.
I quit looking at my rewards over a year ago when Starbucks changed their reward program -- but two weeks ago, a barista in north Texas pointed out I had 155 points -- enough points to get me through the next six weeks of winter forecast by P. Phil (link here for those who can't spell his name either).
music for keeping Portland weird in this Starbucks: 60's rock. Are you kidding me?
speaking of which, did you all hear who "won" Song of the Year" earlier this week at the 65th Annual Grammy Awards. LOL. Made my day. How old is she, Bonnie? 73 years old. She was stunned, she mouthed "I don't believe it" when the award was announced. Lives in Burbank, CA. This is like living in Southlake, TX.
those nominated who did not win need to ask for a recount; but I know what happened -- the other four split the 75% of voters who did not vote for Ms Raitt. What a riot!
Name the two of the following who have won a Grammy: Snoop Dogg, Jennifer Lopze, Diana Ross.
I saw my grandsons using these and curious to see if Amazon had them. Went to Amazon and put in search ipad etch a sketch and the following popped up.
Some entrepreneur literally took a very small amount of software already written, and a generic "pencil" (low tech plastic stylus: a dime a dozen) and a thin piece of plastic (slightly higher tech, a dime a dozen) with a very, very tiny battery, and selling these (made in China) for $12 for a two-pack.
Our younger daughter graduated from Incarnate Word High School, co-located with the university.
Last night:
******************** Championship Game: 1 p.m. Sunday, January 8th, 2023 Toyota Stadium in Frisco, Texas
*********************** Getting Ready For Hanakkah
******************** Flathead Lake
Greetings from Flathead Lake.
My sister and her husband bought the family vacation home on Flathead Lake when our parents died. The house was already a very, very nice home, and now they have made major renovations / major additions, including a new two-car garage to the south side of the house. The huge garage and separate, but attached, "hunting lodge" on the north side will be converted to a large living area for guests.
I believe Sophia is the top third grader reader in her school. She is reading at "sixth grade level."
Yesterday, she and her mom were shopping at Barnes and Noble and stumbled upon the "banned book table." Wings of Fire is a series of books, but each stands alone. The series is clearly Sophia's favorite. She checks them out from the library, buys hard cover and soft cover editions, and even had me buy two soft cover books at the "book day fund raiser" at her school last year.
She was appalled when she found out it was a "banned book."
The 26-second movie clip:
Several months ago, I had her read the first couple of chapters to me -- before I knew anything about the book. And, wow, I understand why it was "banned." But, I was hearing it from an adult's perspective; she was reading it from an 8-year-old's perspective.
If this series is banned, then likewise Duolingo needs to be banned.
Note that Gone With The Wind is also banned.
Meanwhile, Texas has gone "nuts" with regard to banning books. Brown Bear Brown Bear is a picture book for three-year-olds and younger.
And this is why I won't vote "Republican" in Texas. Actually, just one of several reasons.
29000, 1,249, CLR, Norfolk 7-1H, middle Bakken, 40 stages, 4.6 million lbs, t5/15; cum 431K 5/20; cum 465K 10/21; cum 491K 7/22;
Pool
Date
Days
BBLS Oil
Runs
BBLS Water
MCF Prod
MCF Sold
Vent/Flare
BAKKEN
7-2022
30
2414
2549
3700
26865
26557
0
BAKKEN
6-2022
30
3958
4047
4267
33802
31612
1800
BAKKEN
5-2022
31
3105
2899
3188
12734
12331
0
BAKKEN
4-2022
28
1827
1962
1824
7907
7609
0
BAKKEN
3-2022
31
2725
2508
2352
11032
10185
450
20676, 567, CLR, Norfolk 1-1H, middle Bakken, 30 stages, 2.6 million lbs, t8/11; cum 485K 5/20; cum 491K 10/21; cum 496K 7/22; recent production:
Pool
Date
Days
BBLS Oil
Runs
BBLS Water
MCF Prod
MCF Sold
Vent/Flare
BAKKEN
7-2022
31
416
524
683
13828
13409
0
BAKKEN
6-2022
30
484
496
670
13504
11859
1240
BAKKEN
5-2022
31
547
512
746
14216
13797
0
BAKKEN
4-2022
30
550
504
728
12137
11739
0
BAKKEN
3-2022
31
578
536
863
12855
12436
0
BAKKEN
2-2022
28
532
534
957
11353
10975
0
************************ NFL
There may be / may have been an NFL game today as good as the Bengals - Dallas game that is currently in the fourth quarter but none better.
With 3:45 left in the fourth quarter, the Bengals marched the entire field to tie it up 17 - 17, after converting on the two-point-ATD.
I've flip-flopped numerous times with regard to the NFL the past several years, but for me, the NFL is back!
And then, NASCAR! Nope, just kidding -- that was last night. Wow, that was a painful race for the drivers. Engines blowing up; cars not performing well for unknown reasons, but we got through it, and moved from the field of sixteen to the field of twelve.
I would make one change to the playoffs, but in the big scheme of things, the playoff scheme is almost perfect.
It looks like the Bengals - Dallas game will go into overtime.
With 24 seconds, will Dallas kick a field goal? No more time outs. Four seconds left. A 50-yarder! It's good. Dallas wins!
Wow, that new NDIC GIS map server is absolutely incredible. I keep finding new features. In hindsight, it was well worth the wait, but one still wonders why it took so long? But it no longer matters. The new interactive map is incredible.
UBS surveyed its analysts for stocks with attractive upside vs. downside in volatile markets.
"We've
focused on stocks where we believe our analysts have a truly
differentiated view vs. consensus, and where we have interesting or
proprietary data sources (from UBS
Evidence Lab or elsewhere)," strategist Keith Parker wrote in a note.
"From a strategy perspective, we've found that risk/reward is attractive
when this much recession risk is priced (>80pctl) but as we move
later cycle, avoiding the biggest underperformers becomes even more
important for portfolio returns."
"Indeed, our analysts have identified opportunities with attractive upside vs downside skew in these volatile markets."
The top conviction picks by sector are at the link. Archived.
**************************** Tow Trucks
The two-year twins "know" tow trucks very, very well. They see them on their street often. They've been looking for their own tow trucks for quite some time, and finally, they found them.
And speaking of links, I've added two new links to my toolbar. The jury is still out whether I keep these links or not, but so far, they look intriguing.
Fed rate: Not once ever, has raising the Fed rate turned out to have a good outcome. Needs to be fact-checked.
Day late, dollar short: not only is the IEA warning that OPEC+ may not be able meet supply demand, now IEA is warning that world demand will reach 100 million bbls a day in 2Q22, a quarter earlier than earlier forecast. Link here. A 50-million-bbl crude oil release from the US SPR will provide twelve hours of demand.
Supply: the crude oil market is incredibly tight. Link here.
Canadian truck convoy: socialist condemn workers of the world for uniting. Link here. Speaking of which, have any of the following weighed in: Bernie Sanders? George Soros? Robert Reich?
