Just Following Up On An Old IP Question --February 3, 2021

The Hess AN-Bohmbach wells have been discussed often. They are tracked here.

I assume I've talked about this one; can't remember.

35093, 10,626, Hess, AN-Bohmbach-153-94-2734H-8, 35 stages, 9.9 million lbs, Antelope-Sanish, t4/19; cum 316K 12/20;

Does anything catch your eye?

Yeah, that IP of 10,626. 

Here's a pretty good post at the time. In that post, I said I would be waiting for the NDIC report. I don't recall if I ever followed up on that. Maybe I did. I don't recall. Whatever. 

Here's a screenshot of the sundry form from the file report:

It's possible there was a typo on the sundry form. 

But if so, there were two typographical errors. Note the natural gas MCF IP: 27,577 MCF which is about 10x the typical natural gas MCF IP. 

So, it was real. I guess.

Here's a screenshot of the frack/completion:

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

The Draft Page, Kevin Costner, 2014. 

Critics: mixed reviews. 

A bit of irony considering the choice of the Cleveland Browns was made for budgetary reasons only. And then seven years later:

My hunch: the movie played better for true football fans than for movie critics. 

From wiki, look at how "valuable" the screenplay was:

The screenplay was the number one script on the 2012 Black List survey of unproduced screenplays and WhatCulture listed it as the 10th best script of the 2010s. 

It was argued that the script "follows one of the central tenets of screenwriting which is, 'thou shalt make things as hard as possible for your protagonist.'" 

However, it was also stated that "[some] of this high-octane drama was lost in the screen translation, which is a shame, since the script is as good as it gets."

Updating Those 1Q19 Wells With No IP At Time They Came Off Confidential List, Part 2 -- February 2, 2021

Part 1 here.

I am in the process of updating the wells that came off the confidential list in 1Q19 but were either not completed (DUCs) or had no IP. I've gone through about one-third to one-half of all those wells in 1Q19. 

These wells were DUCs waiting to be completed last time I checked. Now updated:

• 34919, 1,028, XTO, Christiana 21X-6AXB, West Capa, t6/19; cum 184K 12/20;
  
• 34918, 1,206, XTO, Christiana 21X-6A, West Capa, t6/19; cum 281K 12/20;
• 28954, 2,924, Hess, EN-Jeffrey-155-94-2215H-7, Alkali Creek, t5/19; cum 197K 12/20; 
• 34917, 1,201, XTO, Christiana 21X-6EXH, West Capa, t6/19; cum 219K 12/20;
• 28956, 3,577, Hess, EN-Jeffrey-15509402215H-9, Alkali Creek, t5/19; cum 288K 12/20;
  
• 28955, 2,074, Hess, EN-Jeffrey-155-94-2215H-8, Alkali Creek, t5/19; cum 116K 12/20;
  
• 32173, 1,812, Hess, CA-Anderson Smith-155-96-2635H-6, Capa, t3/19; cum 120K 12/20;
  
• 32163, 1,812, Hess, CA-Anderson Smith-155-96-2635H-5, Capa, t3/19; cum 194K 12/20;
  
• 30536, SI/A, Slawson, Wolf 1 SLH, Big Bend, t--; cum 00,
• 33010, 1,391, Petroshale, Petroshale US 12H, Antelope-Sanish, t8/19; cum 223K 12/20;
  
• 33204, 1,934, Petroshale, Petroshale US 13H, Antelope-Sanish; t5/19; cum 272K 12/20;
  
• 30539, A/F, Slawson, Badger 1 SLH, Big Bend, t--; cum 00;
  
• 22747, 696, Enerplus, Arnica 149-93-21B-22H TF, Mandaree, t4/19; cum 148K 12/20;
• 32164, 1,812, Hess, CA-Anderson Smith-155-96-2635H-4, Capa, t3/19; cum 133K 12/20; 
• 34899, 2,110, MRO, Weidman USA 11-15TFH, Reunion Bay, t6/19; cum 289K 12/20;
  
• 32149, 1,763, Hess, CA-Anderson Smith-155-96-2635H-2, Capa, t3/19; cum 128K 12/20;
  
• 32148, 2,211, Hess, CA-Anderson Smith-LE-155-96-2635H-1, Capa, t3/19; cum201K 12/20;
  
• 31497, 1,657, Petro-Hunt, USA 153-95-1B-7-4H, Charlson, t12/19; cum 179K 10/20; off line 11/20;
• 34897, 4,704, MRO, Hurkes USA 41-16TFH, Reunion Bay, t6/19; cum 317K 12/20; 
• 30763, AI/F, Slawson, Hunter 5-8-17MLH, Big Bend, t--; cum 37K after one month;
• 34896, 2,828, MRO, Linton USA 31-16TFH, Reunion Bay, t6/19; cum 298K 10/20;
• 30762, A/F, Slawson, Hunter 3-8-17H, Big Ben, t--; cum 56K after 48 days; 
• 24047, A/F, Petro-Hunt, State 154-94-31C-32-3H, Charlson, t--; cum 101K 12/20; 
• 34253, 207, BR, Raider 4A MBH, Twin Valley, t2/19; cum 367K 12/20;
• 35011, A, WPX, Spotted Horn 27-34HD, Squaw Creek; still a DUC, but huge production being reported, 10/19; t--; cum 274K 12/20; 
• 31499, 1,660, Petro-Hunt, USA 153-95-1B-7-6H, Charlson, t12/19; cum 211K 12/20;
• 24045, A/F, Petro-Hunt, State 154-94-31C-32-1H, Charlson, t--; cum 42K 12/20;

These wells had significant production since last checked.

• 32816, 1,272, CLR, Brandvik 10-25H2, Corral Creek, 60 stages, 7.7 million lbs, t12/18; cum 371K 12/20; 
• 34928, 3,603, WPX, Plenty Sweet Grass 18-19HD. 50 stages; 8.5 million bbls, Squaw Creek, t2/19; cum 328K 12/20;
• 34927, 2,663, WPX, Plenty Sweet Grass 18-19HF, Squaw Creek, t2/19; cum 335K 12/20; 
• 35029, 693, Lime Rock, Scott 3-7-6H-143-95, Murphy Creek, t11/18; cum 224K 12/20; 
• 31799, 1,949, CLR, Mittlestadt 6-17H, Chimney Butte, t1/19; cum 273K 12/20; 
• 30362, 2,575, CLR, State Weydahl 5-36H1, Corral Creek, t1/19; cum 465K 12/20; 
• 30363, 2,446, CLR, State Weydahl 6-36H, Corral Creek, t1/19; cum 174K 12/20;
• 31800, 1,814, CLR, Mittlestadt 7-17H, Chimney Butte, t1/19; cum 341K 12/20; 
• 32813, 1,978, CLR, State Weydahl 9-36H, Corral Creek, t12/18; cum 338K 12/20;
  

Active but no IP last update:

• 24978, 899, CLR, Syverson 3-12H1, East Fork, t819; cum 106K 12/20;
  

Well, This Is A Bit Reassuring -- February 3, 2021

Updates

February 4, 2021: well, it turns out this might not be so reassuring. See first comment. LOL. 

Original Post 

Link here.  

Cold Snap; Road To New England, New York; China? No Problem -- Just Build More Coal Plants -- February 3, 2021

ISO New England:

• spiked to and remained at $250/MWh for sustained period of time today;
• never got below $100 except for 15 minutes at 3:00 - 4:00 hour
• hydroelectricity with two surges; unable to keep up;
• coal and oil necessary
• late evening: coal (4%); hydro (6%); and, renewable at 7%

Just think what this will look like in 2035. 

 

ISO New York:

• at 10:32 p.m. ET, when things have really slow, AOC's constituents still paying $70 for electricity

Road to China:

A joint report released Wednesday by the U.S.-based Global Energy Monitor (GEM) and Helsinki-based Center for Research on Energy and Clean Air (CREA) found China built over three times as much coal-fired electrical power capacity in 2020 as the rest of the world combined.

As Voice of American News (VOA) delicately observed, this tremendous surge of coal-burning power plants, which are ostensibly one of the worst sources of global warming emissions, would seem to “undermine” China’s loudly declared “short-term climate goals” and Chinese dictator Xi Jinping’s promises to make his country “carbon-neutral” by 2060.

At least VOA addresses it. The NY Times ignores it. 

More from above:

The GEM/CREA report found China’s coal power capacity grew by a net 28.8 gigawatts. China built coal plants at such a frantic pace, to provide cheap power for its swelling industrial capacity, that some of its coal plants might never repay their construction and maintenance costs.

China approved the construction of a further 36.9 GW of coal-fired capacity last year, three times more than a year earlier, bringing the total under construction to 88.1 GW.

China now has 247 GW of coal power under development, enough to supply the whole of Germany. [This is just "under development; not all that it has.]

A team of central government environmental inspectors delivered a scathing assessment of China’s energy regulator last Friday, accusing officials of planning failures and focusing too much on guaranteeing energy supply.

Daimler To Split Into Two Companies: Cars; Trucks And Buses -- February 3, 2021

Headlines:

• Daimler to spin off trucks, change name to Mercedes-Benz
• Daimler to spinoff part of its truck business through IPO
• Daimler to separate its trucks business from Merceded-Benz cars

So what's the story? From The WSJ:

• hopes truck-making spinoff boosts valuation of its businesses
• move highlights how conventional auto makers are under pressure to boost their stock-market value
• Daimler will hand over a "significant majority" of shares in its business that makes trucks and buses to shareholders by the end of the year:
• DMLRY up 6% after announcement
• will eventually make Mercedes-Benz the name of the car-making business, which in the future will focus on developing luxury electric cars and automotive software
• shares were up nearly 9% in trading in Frankfurt
• an extraordinary shareholders meeting is planned for 3Q21 to seek approval
• Tesla: market value: $827 billion
• Daimler: market value: $76 billion
• Daimler sells many more vehicles and generates hefty profits
• Daimler's trucks and buses recorded $30 billion in revenue; sole 244,554 trucks and 13,309 buses in first nine months of last year
• Volkswagen AG listed its truck business in an IPO in 2019, renaming it Traton SE. It now has market value of about $15 billion; Traton has been expanding to challenge Daimler and Volvo AB, the Swedish truck maker, and agreed last year to acquire US truck maker Navistar International;
  

Much more at the linked article. 

Motley Fool here. 

Daimler's plan calls for a separation of the automaker into two pure-play companies, with the majority listing Daimler Truck to focus on zero-emissions technology and software business. Management will begin preparing for a listing of Daimler Truck with the intentions that a significant majority stake in Daimler Truck will be granted to Daimler shareholders.

The goal is for the transaction and the listing of Daimler Truck (on the Frankfurt stock exchange) to be completed before the end of 2021. And once the spinoff is complete, Daimler aims to rename itself Mercedes-Benz.

From statista: 

From google: