The Million Dollar Way (The Bakken Oil Blog)

Saturday, October 1, 2022

Anticipation -- October 1, 2022

The wells:

38984, conf, Murex, TL-Andrea Faye 15-22H MB, Beaver Lodge,
38983, conf, Murex, TL-Kory Dale 10-3H MB, West Bank,
38982, conf, Murex, TL-Pattie Ann 10-3H MB, West Bank,
38981, conf, Murex, TL-Terry Lynn 10-3H MB, West Bank,
38980, rig on site/conf, Murex, TL-Kyle Donovan 15-22H MB, Beaver Lodge,

The graphics:

Laser-Focused On Dividends -- October 1, 2022

From yesterday:

Abbreviated 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. Full disclaimer at tabbed link.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Stock buybacks: for those who "like" stock buybacks more than dividends, tell me how your AAPL is doing.

Oklahoma today: gonna drop out of the top 25. Just saying.

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La Mer

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Streaming

American Playboy: The Hugh Hefner Story.

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Frog On a Log In Pot Of Water Over a Fire

First, the basic cable or basic satellite connection (required).

Then, a basic streaming service, Hulu or YouTube TV (pretty much required).

Then, the Amazon Firestick and Amazon Prime Video (nice add-ons).

Then, Apple TV -- simply because.

Then à la carte: Netflix or HBO (occasionally a must-have).

I noted that because I see Netflix is now streaming a Creedence Clearwater Revival documentary.

Netfllix: only $9.99 / month.

Reality Sucks -- October 1, 2022

My wife who just got back from San Pedro, CA, tells me gasoline out there is $6.89 / gallon.

Here, in north Texas, DFW area, gasoline tonight is $2.89 -- my wife tells me that -- she filled up tonight.

She says California is nice but not at those prices.

This is her last trip ever to California to her parents' home. Another chapter in our life, closed.

Buffett Sees Something "Everyone" Is Missing -- October 1, 2022

Warren Buffett has noted something few others have noted. Two points follow:

what Buffett sees now will be obvious some years from now;
this is different than what he saw when he bought Burlington Northern.

Re-posting:

Buffett

For perspective if I recall correctly, Buffett bought Burlington Northern railway for $25 billion. At the time, Buffett said he "bet the company on that deal."

Now, decades later, he spends an equal amount on oil.

My hunch: Warren and I have invested the same proportion of our investment portfolio in CVX over the years.

Link here. Perhaps why Buffett continues to invest in fossil fuel:

Zavanna's Proposed 1920-Acre Unit Southeast Of Williston -- Twelve Wells-- October 1, 2022

Case # 29665, this is a case, not a permit, from the Thursday, October 27, 2022, hearing dockets:

Application of Zavanna, LLC for an order amending the field rules for the Stockyard Creek, Long Creek and/or Truax-Bakken Pool, Williams County, ND, so as to create and establish the following:

(i) an overlapping 1920-acre spacing unit comprised of Sections 24, 25 and 36, T.154N., R.99W., authorizing the drilling of a total not to exceed twelve wells on said proposed overlapping 1920-acre spacing unit; and,

(ii) an overlapping 3840-acre spacing unit comprised of Sections 24, 25 and 36, T.154N., R.99W. and Sections 19, 30 and 31, T.154N., R.98W., authorizing the drilling of a horizontal well on or near the section line between existing spacing units on said proposed overlapping 3840-acre spacing unit, and/or such further relief.
Existing wells of interest:

Existing wells of interest:

22958, 972, Zavanna, NSI 23-24H, Stockyard Creek, t7/13; cum 371K 7/22;
18824, IA/855, Zavanna, Gary 1-24H, Stockyard Creek, t10/10; cum 283K 4/22; off line, 4/22;
20484, 1,126, Zavanna, Thunderbird 25-36 1H, Long Creek, t3/12; cum 449K 7/22;

Graphics: