Coronageddon; $1.20 Gasoline; IRS; Social Distancing; And, All That Jazz -- March 17, 2020

Amazon: assuming Amazon can keep up, Amazon is going to be a huge winner coming out of coronageddon. I was a little slow getting started, but I've picked up the pace, and "stuff" is starting to arrive. Amazon and other options:

• Amazon said toilet paper was out of stock but with my order last week I was told it would arrive by the end of month; in fact, that order will arrive in two days (Thursday, March 19, 2020)
• I was worried about formula for the grandsons -- they are being breastfed and supplemented with formula -- same thing -- Amazon said "short delay" -- I got note today the formula would be delivered next week, a week earlier than first told
• Omaha Steaks: any concern about supermarkets running out of beef? There are at least three on-line sites where one can order beef on line;
• bread? The shelves were empty -- but then I remembered. Hey! You can bake your own and with the kids home from school what a great time to teach them;
• Starbucks, McDonalds: what do you know? I can survive without them.

Gas Buddy, Oklahoma City:

Social distancing:

IRS: previously posted. Wow, what incredibly good news. This was the second of only two years in my entire life that I was going to have trouble coming up with the cash to pay the IRS without dipping into investments (I don't have any savings; I am always fully invested). But the three additional months will make all the difference in the world. Again, I've not seen any IRS notice yet to confirm what I've heard.

UPS: I almost forgot. A reader sent me this link -- "The UPS Dogs -- Facebook." It goes on forever. This might be a better way. There are a few things that have really impressed me over the years: Amazon. UPS. Apple. More recently: Alexa; gullibility of the American public.

Newfield's Incredible Hoffman Wells -- March 17, 2020

The Hoffman wells are tracked here. This page will not be updated.This is current production data.

• 36370, 2,022, Newfield, Hoffman 150-98-18-19-10H, Siverston, t11/19; cum 66K 1/20;
• 36369, 2,397, Newfield, Hoffman 150-98-18-19-5H, Siverston, t11/19; cum 111K 1/20;
• 36368, 560, Newfield, Hoffman 150-98-18-19-5H, Siverston, t11/19; cum 93K 1/20; 
• 36367, 2,490, Newfield, Hoffmann 150-98-17-20-5HLW, Siverston, t11/19; cum 82K 1/20;  
• 36366, 1,906, Newfield, Hoffman 150-98-17-20-6H, Siverston, t11/19; cum 130K 1/20;
• 20017, 2,502, Newfield, Hoffman 150-98-18-19-1H, Siverston, t8/11; cum 288K 1/20;

• 24996, 1,541, Newfield, Lawlar 150-98-18-19-2H, Siverston, t7/13; cum 256K 1/20;
• 24998, 1,565, Newfield, Lawlar 150-98-18-19-3H, Siverston, t7/13; cum 240K 1/20;
• 24997, 1,820, Newfield, Lawlar 150-98-18-19-4H, Siverston, t7/13; cum 245K 1/20;

These are incredible wells. I don't know if they are monster wells but they are huge. Example:

36366:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2020	31	47082	47162	85985	89413	82514	6899
BAKKEN	12-2019	31	25998	25707	47544	46649	39484	7165
BAKKEN	11-2019	28	57237	56628	121699	100724	0	100724

I Have To Take A Break -- The News Coming In Has Overwhelmed Me -- March 17, 2020

There is some incredible "stuff" going on right now.

First things first: Disney released Frozen 2 on DVD three months earlier than planned. Sophia already has her copy. Watched it last night. She had previously seen it at the movie theater -- before coronavirus.

******************************************

Back to the Bakken

NDIC Hearing Dockets, link here. These are cases, not permits.

Tuesday, April 21, 2020

The cases (not permits):

• 28425, Resonance, Exploration, Sergis-Spearfish/Madision field, unitize the Sergis-Spearfish/Madison Unit area, Bottineau County
• 28426, Resonance Exploration, Sergis-Spearfish/Madison field, "determining the plan of unitization... has been signed, ratified or approved by owner of interest ...'; Bottineau County
• 28427, Resonance Exploration, Sergis-Spearfish/Madison field, injection of fluids into the unitized formation; Bottineau County;

Tuesday, April 28, 2020 

The cases (not permits):

• 28428, BR, Haystack Butte-Bakken, unitization, McKenzie County
• 28429, BR, Haystack Butte-Bakken, "determining the plan of unitization... has been signed, ratified or approved by owner of interest ...'; McKenzie County

Daily activity report: other than the wells released from confidential status, nothing else to report. 

So Much For EU's Open Borders -- March 17, 2020

IRS -- March 17, 2020

The devil is in the details, but it seems pretty straightforward, if accurate. From Zero Hedge:

In news that will delight millions of Americans - at least those who end up owing Uncle Sam a tax bill instead of getting a refund - the US government will postpone the April 15 tax-payment deadline for tens of millions of taxpayers by 90 days, giving Americans roughly 3 months pay their 2019 income-tax bills in an unprecedented move.

The IRS, under the authority of President Trump’s national-emergency declaration, will waive interest and penalties as well, Treasury Secretary Steven Mnuchin said at the White House Tuesday. The delay will be available to people who owe $1 million or less and corporations that owe $10 million or less.

The extension was granted to give taxpayers a financial cushion as households and businesses cope with the sudden crash in economic activity caused by the coronavirus outbreak which has brought the US economy to a halt. The move could provide households with hundreds of billions of dollars in temporary liquidity, Mnuchin said last week in previewing the government’s actions.

"We are going to use all the tools we have,” Mr. Mnuchin said on Tuesday. “And what tools we don’t have, we’re going to go to Congress."

Extend this through November 15th, 2020, and President Trump all but guaranteed re-election.

Never let a crisis go to waste.

April 15 -- IRS:

• 74% of Americans get refunds
• those owing $1 million or more are not exempt; thus the "one-percenters" are not exempt
• that leaves at most 25% that would have owed "a bit" more -- the vast majority of taxes due is withheld automatically, and many of the top 25% income earners pay taxes quarterly
• this 90-day extension will cause almost no problem for the US, and considering that the IRS is probably seeing a lot of absenteeism, this was the smart thing to do
• and 90-day extensions, taxes will still be due in this fiscal year