Focus On Fracking -- July 4, 2021

Link here.  

"Focus on Fracking" is published (by someone else, not me) late Sunday nights, generally very late, or early, early Monday morning.

This edition begins:

• oil prices hit new 32-month high (that's almost a three-year high)
• natural gas at a 30-month high
• largest four-week drop in US crude supplies on record, going into "Fourth of July"

Oh, Yeah -- Looking Good -- Sunday, July 4, 2021

What I'm listening to: Jim Croce, "Photographs and Memories, His Greatest Hits," Amazon Prime Music.

Updates

Later, 11:38 p.m.: from ArgusMedia:

Saudi oil minister Prince Abdulaziz bin Salman insisted last night that Opec+ must extend its output deal from the end of April 2022 until the end of that year, despite strong UAE opposition to an extension that does not also entail revising the production baselines of participating members.

The Saudi minister's insistence on the need to extend the deal while dismissing the UAE demand as a separate issue to be dealt with through Opec procedure rather than a negotiating point tied to the proposed extension means Opec+ faces a likely impasse when it resumes talks today.

"If everyone wants to increase production, then the agreement must be extended," said the Saudi oil minister in an interview with Saudi Arabia's semi-official Alarabiya TV.

Even if Opec+ increases output by 400,000 b/d from August until the agreement runs out in April 2022, the alliance would still be left with "at least" 2.8mn b/d of cuts still in force by then, necessitating an extension, said Prince Abdulaziz.

Original Post

Link here.

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Rumor: US Army To Mandate The Vaccine

Link here. 

This is a no-brainer.

Updating The 3Q19 Wells

I believe operators in the Bakken now have two full years to complete a well in the Bakken. With that in mind, I'm going to spend some time updating the wells that came off the confidential list 3Q19.  

This is the entire list of wells that came off the confidential list 3Q19 that as of today, I've not reported an IP.

Note all the XTO wells that went from SI/NC-->SI/NCW.

The wells:

• 35552, SI/NC-->AL/A, Hess, SC-Barney-154-98-1819H-7, Truax, first production, 12/19; t--; cum 89K 42/1; 
• 35413, conf, Crescent Point Energy, CPEUSC Austin 5-17-20-158N-99W TFH, Ellisville, no production 
• 34820, SI/NC-->SI/NCW, XTO, Myrna Federal 21X-2EXH, Alkali Creek, no production data, 
• 34817, SI/NC-->SI/NCW, XTO, Myrna 21X-2B, Alkali Creek, no production data, 
• 34819, SI/NC-->SI/NCW, XTO, Myrna Federal 21X-2A, Alkali Creek,  
• 35755, SI/NC-->SI/NCW, XTO, Tom State 34X-1EXH, Alkali Creek, no producing data,
• 35754, SI/NC-->SI/NCW, XTO, Tom State 34X-1A, Alkali Creek, no production data,  
• 35753, SI/NC-->SI/NCW, XTO, Tom state 34X-1E2, Alkali Creek, no production data,
• 35752, SI/NC-->SI/NCW, XTO, Tom State 34X-1B, Alkali Creek, no production data,
• 35751, SI/NC-->SI/NCW, XTO, Tom State 34X01HXE, Alkali Creek, no production data
• 34306, SI/NC-->SI/NCW, XTO, Rough Federal 44X-23B, North Fork,
• 35750, SI/NC-->SI/NCW, XTO, Tom State 34X-1CXD, Alkali Creek, no production data,
• 34305, SI/NC-->SI/NCW, XTO, Rough Federal 44X-23F, North Fork, no production data,
• 34304, SI/NC-->SI/NCW, XTO, Rougth Federal 44X-23C, North Fork, no production data,
• 34303, drl-->SI/NC-->SI/NCW, XTO, Rough Federal 44X-23G, North Fork,
• 35227, 3,401, Hess, BB-Federal !-LS-151-95-0915H-1, Blue Buttes, t10/19; cum 281K 4/21; 
• 34302, SI/NC-->SI/NCW, XTO, Rough Federal 44X-23D, North Fork, no production data,
• 35601, SI/NC-->2,219, XTO, Cole 44X-32F, Siverston, t1/20; cum 203K 4/21; off line 2/20; coming back on line 5/20;
• 35935, SI/NC-->3,352, XTO, Badlands Federal 21X-13H, North Fork, t8/20; cum 365K 4/21; 
• 34558, drl-->SI/NC-->SI/NCW, XTO, Rough Federal 44X-23DXA, Haystack Butte,
• 26803, SI/NC-->2,997, XTO, Cole 44X-32C, Siverston, t2/20; cum 270K 4/21; 
• 35936, SI/NC-->2,849, XTO, Badlands Federal 21X-13AXD, North Fork, F, t8/20; cum 377K 4/21; 
• 34873, IA-->2,641, CLR, Ravin Federal 2-1HSL, 4 sections; Dimmick Lake, t8/19; cum 331K 4/21; 
• 34792, SI/NC-->2,830, WPX, Sweet Grass Woman 22-15HY, Spotted Horn, t7/19; cum 431K 4/21;   
• 34180, IA, CLR, Ravin 12-1H2, Dimmick Lake, first production, 7/19; t--; cum 231K 4/21; 
• 34179, IA-->F/A, CLR, Ravin 11-1H, Dimmick Lake, t--; cum --; 
• 34178, IA-->1,932, CLR, Ravin 10-1H1, Dimmick Lake, F, t8/19; cum 208K 4/21; 
• 32398, SI/NC-->535, Slawson, Atlantis Federal 5-34-35MLH, Big Bend, F, t7/19; cum 150K 4/21; 
• 26802, SI/NC-->2,097, XTO, Cole 44X-32G, Siverston; t4/20; cum 129K 4/21; 
• 35937, SI/NC--> 2,994, XTO, Badlands Federal 21X-13C, North Fork, t10/20; cum 307K 4/21; 
• 35602, SI/NC-->1,867, XTO, Cole Federal 44X-32D, Siverston, t6/20; cum 194K 4/21; 
• 35349, SI/NC-->1,018, Hess, RS-State D-155-92-0203H-5, Alger, t9/19; cum 143K 4/21; 
• 34791, SI/NC-->3,114, WPX, Sweet Grass Woman 22-15H, Spotted Horn, t7/19; cum 430K 4/21; 
• 34764, SI/NC-->3888, MRO, Jocelyn 14-36TFH, Killdeer, t7/19; cum 214K 4/21; 
• 32400, SI/NC-->F/A, Slawson, Atlantis Federal 2-34-35H, Big Bend, first production, 11/19; cum 86K 4/21; 
• 34790, SI/NC-->2,578, WPX, Sweet Grass Woman 22-15HZ, Spotted Horn, t7/19; cum 345K 4/21; 
• 32467, SI/NC-->53 (no typo), BR, CCU Boxcar 8-8-22MBH, Corral Creek, t8/19; cum 257K 4/21; 
• 26804 (no typo -- it's really that old), SI/NC-->1,799, XTO, Cole Federal 44X-32H, Siverston, t6/20; cum 174K 4/21; 
• 35350, SI/NC-->783, Hess, RS-State D-155-92-0203H-4, Alger, t9/19; cum 123K 4/21; 
• 34765, SI/NC-->2,467, MRO, Kinney 24-36TFH, Killdeer, t7/19; cum 264K 4/21;  
• 32466, SI/NC-->163, BR, CCU Audubon 8-8-22MBH, Corral Creek, t8/19; cum 238K 4/21; 
• 32399, SI/NC-->1,665, Slawson, Atlantis Federal 2 SLH, Big Bend, t8/19; cum 105K 4/21; 
• 26639, SI/NC-->2,533, XTO, Badlands Federal 21X-13E, North Fork, t12/20; cum 215K 4/21; 
• 35981, SI/NC-->523, Sinclair, Uran 8-15H, Sanish, t8/19; cum 116K 4/21; 
• 34789, SI/NC-->3,051, WPX, Sweet Grass Woman 22-15HD, Spotted Horn, t7/19; cum 404K 4/21; 
• 32465, SI/NC-->53 (no typo), BR, CCU Golden Creek 1-1-26TFH, Corral Creek, t8/19; cum 257K 4/21; 
• 35603, SI/IA-->1,314, XTO, Cole 44X-32DXA, Siverston, t6/20; cum 189K 4/21; 
• 35938, SI/NC-->2,591, XTO, Badlands Federal 21X-13B, North Fork, t9/20; cum 271K 4/21;  
• 35544, SI/NC-->SI/NCW, WPX, Delores Sand 29-32HY, Antelope-Sanish, no production data, still SI/NC 5/20;

Rabbit Hole #556 On The Blog -- Absolutely Nothing About The Bakken -- July 4, 2021

What I'm listening to: Amazon Prime Music, "The 2000s" One-Hit Wonders." Better than I expected. LOL. Through the Amazon TV Fire Stick. 

This rabbit hole began with an Amanda the Great comic strip sent to me by a reader, which led to a (very, very) short discussion on  fruit cocktail (from the can) jello and/or casserole to gaffelbitter, which then led to Gater Bite.

I never paid much attention to Gater Bite except that it's one of my favorite apertifs. It's not easily found. I did not find it in a Lakeside, MT, big box spirits store. It seems I found everything else.

So, we we have Satsuma oranges-infused rum, and honey-infused scotch (Drambuie). Very, very vegan.

And then ... how did we ever get here ... what the heck are "satsuma oranges?" Apparently a big deal in Louisiana rum. LOL.

Satsuma oranges? Link here.

Satsumas are a variety of mandarin oranges, related to tangerines, clementines, and other citrus fruits. They are considered the juiciest of the family and have a balanced sweet-yet-tart flavor that makes them delectable on their own or used in savory dishes and desserts.

You’ve probably had satsumas before without realizing it—they’re actually the most common citrus used in canned mandarin oranges, according to The New Food Lover’s Companion. 

But there’s nothing quite like a fresh satsuma. They grow in the southeastern U.S. and in northern California, and they’re at their peak from late October through the end of December. 

Look for satsumas that are heavier than they look (that’s all that delectable juice), with a firm touch and tight peel. You can store the fruits on the counter for up to a week or refrigerate them for up to a month. 

Just like you order orange chicken takeout or bake orange slices over salmon, satsumas can be enjoyed as a savory addition to your favorite seafood and chicken dishes.

Reminder: EOG To Pay Special Dividend In Addition To Regular Dividend; Record Date, July 16, 2021

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

EOG to pay a special dividend in July, 2021.

My hunch: EOG won't be the only one to declare a special dividend. Another oil company recently did the same thing: I don't remember which one.  Oh, that's right -- it was Devon -- announced a "fixed-plus variable dividend for common stockholders," May 3, 2021.

Link here. 

For clarification, from press release from EOG May 6, 2021:

Declared $1.00 per Share Special Dividend  

The Board of Directors declared a regular dividend of $0.4125 per share on EOG's Common Stock. The indicated annual rate is $1.65. 

The Board also declared a special dividend of $1.00 per share on EOG's Common Stock. 

Both dividends are payable July 30, 2021 to stockholders of record as of July 16, 2021.

All things being equal, the share price of EOG should fall by an equal amount when the dividend is paid/effective date, on/about July 15 - 16, 2021. But "all things" are never equal, are they?