Why The Bakken Does So Much Better Than New Mexico -- August 18, 2022

When you see the wells drilled last year and completed this year, one realizes why the Bakken Basin is so much better than whatever New Mexico is drilling. 

Another example: Hess AN-Norby wells:

• 38176, F/AL, Hess, AN-Norby-LE-152-94-0409H-1, Antelope, first production, 1/22; t--; cum 154K 6/22;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	6-2022	30	22319	22397	9424	41105	37719	3117
SANISH	5-2022	28	17729	17698	8236	27423	24340	2837
SANISH	4-2022	22	19093	18823	6200	29300	28837	258
SANISH	3-2022	31	29174	29514	10253	41753	41065	378
SANISH	2-2022	28	27347	27339	9505	38379	32768	5335
SANISH	1-2022	23	38086	37712	14178	30738	23041	7478

• 38180, AI/AL, Hess, AN-Norby-152-94-0409H-7, Antelope, first production, 12/21; t--; cum 60K 1/22; why is the data production not updated?
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	1-2022	31	37589	37714	15102	37907	18009	19858
SANISH	12-2021	10	22368	22132	9121	54650	0	54650

Meanwhile, the older neighboring well remains off line:

• 17609, 504, Hess, AN-Norby-152-94-0409H-1, Antelope, t1/09; cum 388K 8/21;

Hess: Fracking The BL-Olson Wells -- August 18, 2022

The wells:

• 37146, conf-->loc/A, Hess, BL-Olson-155-96-0310H-2, Beaver Lodge, first production, 1/22; t--; cum 88K 6/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2022	30	7389	7405	14643	37714	17476	20238
BAKKEN	5-2022	30	12513	12501	16722	51594	51418	176
BAKKEN	4-2022	23	8658	8699	12476	28888	28522	366
BAKKEN	3-2022	31	25314	25289	30539	103445	93289	10156
BAKKEN	2-2022	26	19514	19472	29420	40903	40251	652
BAKKEN	1-2022	15	15195	15101	9112	15725	15010	715

• 37142, conf-->loc/A, Hess, BL-Olson-155-96-0310H-1, Beaver Lodge, first production, 12/21; t--; cum 125K 6/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2022	30	7554	7579	14796	42192	19551	22641
BAKKEN	5-2022	30	13642	13646	15961	57063	56868	195
BAKKEN	4-2022	23	10669	10674	12926	42395	41857	538
BAKKEN	3-2022	29	24029	24077	21491	66824	60263	6561
BAKKEN	2-2022	27	28785	28784	29573	66771	65707	1064
BAKKEN	1-2022	31	32254	32522	48360	84303	80468	3835
BAKKEN	12-2021	9	17638	17170	17034	21226	21209	17

Th neighboring BL-Olson well remains off line.

Odds And Ends; Bang! 40X Jump In Production -- Halo Effect, Again -- August 18, 2022

Streaming: In terms of "viewing," for the first time ever, "streaming" exceeds "cable television."

• cable television: a veritable desert, what with CNN, MSNBC, and who knows what else
• streaming: on demand; much/most of it free
• "Only Murders In The Building" -- Tina Fey -- an uncredited role in writing?
• "All Is Not Okay In Oklahoma" is a fake podcast
  

Portfolio: it certainly took a long time but I'm finally "better balanced." 

In the past, when AAPL was down, even a little bit, my overall portfolio was also down. However, today AAPL is down more than a dollar per share but my overall portfolio is up significantly. Whoo-hoo. Due, of course, to turnaround in oil, and oh, by the way, that turnaround in oil is apparently due to an overnight statement by Chinese president Xi that he is now "opening" up China. Hmmmm.

*****************************
Bang!

It looks like CLR may be fracking, or has completed some new Bang wells in Cedar Coulee.

The CLR Bang wells are tracked here.

Two of the older Bang wells are now off line suggesting fracking in the area. 

Or have they already been fracked? Look at the jump in production, 40x jump in production:

The wells:

• 16797, 108, CLR, Bang 1-33H, Cedar Coulee, t4/08; cum 235K 4/22; off line;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2022	0	0	0	0	0	0	0
BAKKEN	5-2022	0	0	0	0	0	0	0
BAKKEN	4-2022	17	3907	4225	1511	4824	4667	0
BAKKEN	3-2022	17	5069	4818	2902	5191	4979	0
BAKKEN	2-2022	24	6372	6654	2750	8244	7946	0
BAKKEN	1-2022	31	11550	11608	5835	14730	14311	0
BAKKEN	12-2021	31	16004	16229	8969	19237	18818	0
BAKKEN	11-2021	30	20533	20341	19563	22195	21790	0
BAKKEN	10-2021	6	3319	3019	5476	3288	3207	0
BAKKEN	9-2021	0	0	0	0	0	0	0
BAKKEN	8-2021	0	0	0	0	0	0	0
BAKKEN	7-2021	1	100	0	1	0	0	0
BAKKEN	6-2021	30	457	586	117	888	496	0
BAKKEN	5-2021	31	500	524	82	959	540	0
BAKKEN	4-2021	30	477	576	78	897	505	0
BAKKEN	3-2021	31	515	312	93	925	506	0
BAKKEN	2-2021	28	466	558	213	754	379	0
BAKKEN	1-2021	31	533	936	77	879	460	0

• 18636, 633, CLR, Bang 2-33T, Cedar Coulee, t5/10; cum 250K 5/22; off line;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2022	0	0	0	0	0	0	0
BAKKEN	5-2022	25	2584	3016	1332	2731	2407	0
BAKKEN	4-2022	29	3071	3183	1468	2940	2512	77
BAKKEN	3-2022	31	3664	3884	1877	3531	3117	0
BAKKEN	2-2022	28	3408	2817	1849	3254	2876	0
BAKKEN	1-2022	31	3643	3622	1990	3610	3191	0
BAKKEN	12-2021	31	3649	3715	2270	3770	3327	24
BAKKEN	11-2021	30	5351	5516	4845	5173	4688	80
BAKKEN	10-2021	31	5716	5531	4550	5779	5378	0
BAKKEN	9-2021	26	4278	4514	6376	4178	3850	0
BAKKEN	8-2021	6	386	0	5368	527	448	0
BAKKEN	7-2021	2	0	0	1	3	2	0
BAKKEN	6-2021	30	641	809	197	1014	609	0
BAKKEN	5-2021	31	711	1004	247	1085	676	0
BAKKEN	4-2021	30	713	474	195	1093	688	0
BAKKEN	3-2021	31	747	566	213	1118	699	0

Look At The Length Of This Directional -- CLR -- August 18, 2022

The Harms and Harms Federal wells are tracked here.

The wells:

• 37988, loc/A, CLR, Harms Federal 18-33H,  cum 471K 6/22;
• 37989, loc/A, CLR, Harms Federal 17-33H1,  cum 242K 6/22;

The graphics -- not the long directional(s) from west to east, before the horizontal turns north under the river / lake:

37989:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	6-2022	26	16562	16163	6762	22457	22165	0
SANISH	5-2022	31	27314	27473	11013	36284	35884	0
SANISH	4-2022	30	30298	30296	11636	35894	35529	0
SANISH	3-2022	31	36738	37016	13992	50483	50080	0
SANISH	2-2022	28	34776	34525	13937	40928	40570	0
SANISH	1-2022	31	43434	43379	16629	42855	42454	0
SANISH	12-2021	31	42757	42692	16687	58829	54634	3800
SANISH	11-2021	30	44298	44349	22565	47746	47360	0
SANISH	10-2021	30	24631	24784	11196	27140	19718	7164
SANISH	9-2021	30	44343	44161	16958	48532	42196	5948
SANISH	8-2021	31	38906	38898	14125	42094	39827	1864
SANISH	7-2021	31	46729	46760	19529	51128	48736	1991
SANISH	6-2021	25	39903	39593	16712	41200	38101	2818

37989:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	6-2022	29	20562	20341	11296	24684	24346	0
SANISH	5-2022	31	25126	25194	13611	390	0	0
SANISH	4-2022	30	21103	20927	13343	20602	20265	0
SANISH	3-2022	31	4100	4084	1791	2580	2179	0
SANISH	2-2022	28	4320	4465	1826	3034	2670	0
SANISH	1-2022	26	4129	4040	2491	11869	11356	297
SANISH	12-2021	25	1052	949	788	195	0	87
SANISH	11-2021	30	4786	4887	4204	4519	4409	0
SANISH	10-2021	23	9723	9804	4761	10958	10053	770
SANISH	9-2021	30	31217	31261	15410	33946	30145	3413
SANISH	8-2021	31	31566	31627	13145	33917	32511	1003
SANISH	7-2021	31	53202	52978	23408	59535	54981	4151
SANISH	6-2021	18	30611	30326	14003	31509	31054	240
SANISH	5-2021	1	705	705	0	0	0	0

The two other wells in the graphic, which run north with no directional:

• 22817, 439, CLR, Harms 2-32H, Elm Tree, t8/13; cum 479K 6/22; small jump in production;
• 22818, 706, CLR, Harms 1-32H, Elm Tree, t12/13; cum 412K 6/22;

What's In Your Wallet? Leave Home Without It? Apple Pay: Slowly Taking Off -- August 18, 2022

Updates

August 19, 2022:

Original Post

From The WSJ: link here.

Patience isn’t the most popular virtue in Silicon Valley, where companies aspire to move fast and break things, the motto that defined the age of tech excess. 

Nothing broke on the day in 2014 when Apple presented a new service called Apple Pay. 

If the quality of destruction was measured by the speed at which it happened, the flashy innovation from an industry titan would have been considered a disappointment. The idea that it would make the wallet obsolete sounded ridiculous when the pace of Apple Pay adoption underperformed expectations. Wall Street analysts and iPhone users alike were skeptical for the next few years. The experience of using a credit card didn’t seem like a problem that required a solution from Apple. 

It’s a bet that now appears to be paying off in a very strange way for our hit-driven economy: slowly. 

Apple has been picked apart for so many lessons that it could start its own business school, but what the case of Apple Pay shows is that patience is a competitive edge for companies that know how to wield it. 

Patience often sounds like a dirty word to our tech overlords—Steve Jobs wasn’t exactly Job—but only time can break certain habits of human behavior. 

Trillions of dollars in market cap buys that kind of time. Not every company has the luxury of playing the long game, but it was an indulgence the world’s richest corporation could afford. 

The percentage of iPhones with Apple Pay activated was 10% in 2016 and 20% in 2017, according to research from Loup Ventures, as most people seemed perfectly happy with their plastic cards and leather wallets. 

Adoption nearly doubled again in 2018. It hit 50% by 2020. 

Now it’s around 75% and inching closer to ubiquity. Of course, not every account that gets activated remains in active use. 

So what changed? We did. Apple’s executives remained confident about the future even when the present wasn’t so rosy because they could look at the rest of the world’s acceptance of contactless payments and see that the U.S. was lagging years behind. 

Much more at the link.

The company says that 90% of retailers across the U.S. now take Apple Pay. The number that accepted contactless payments when the service was introduced was 3%.  

Apple eventually wants your virtual wallet to contain everything from your driver’s license to insurance cards, but the company has learned that the process of replacing physical objects doesn’t happen overnight. It barely happens over decades. “There’s a legitimate chicken-and-egg problem in payments,” said Bernstein analyst Harshita Rawat. “Consumer habits are very hard to change, and merchant acceptance takes many, many, many years.”

I have photos of all my ID cards and all other important documents on my iPhone. 

I can leave home without my wallet. 

AMEX: don't leave home without it?

Capital One: what's in your wallet?