Cost Of Renewables -- January 27, 2023

Compare my utility bill (below) with that of a similar-size apartment in northern California. 

• The northern California bill:
• about 60 kwh / day
• trending toward $900 / month
  
• the northern Texas bill:
• about 25 kwh / day
• total bill: about $120 / month
  

Our entire monthly bill -- we have no natural gas. We only have electricity. 

My wife and I are taking no extraordinary measures to save energy, using whatever we want.

The "December polar vortex / cyclone bomb" did affect this bill.

Friday End-Of-Day Report -- January 27, 2023

Egypt: currency crisis. Link here.

And some folks think JPow is being too aggressive.

Germany, 2022: oil imports rose eleven percent; crude oil import bill doubles. Link to Julianne Geiger.

****************************
Back to the Bakken

Active rigs: 44.

WTI: $79.98.

Natural gas: $3.109

Eight new permits, #39605 - #39612, inclusive:

• Operators: Oasis (5); Ovintiv (3)
• Fields: Alger (Mountrail); Cottonwood (Mountrail); Sandrocks (McKenzie)
• Comments:
• Oasis has permits for three Jammer wells and two Heron wells, SWSE 32-157-92; 
• the Heron wells to be sited 2035 FEL with one 400 FSL and the otheer 445 FSL; 
• the three Jammer wells bo be sited 1995 FEL and at 695 FSL, 740 FSL, and 785 FSL;
• Ovintiv has permits for three Barracuda wells, SWSE 35-151-100, 
• to be sited 939 FSL and between 2208 FEL and 2168 FEL:

Three permits canceled:

• Lime Rock Resources: three State Dvorak permits in Dunn County, Manning oil field

Six producing wells (DUCs) reported as completed:

• 35412, 150, Crescent Point Energy, CPEUSC Austin 3-17-20-158N-99W-MBH,
• 38240, 2,971, Ovintiv, Kramer 150-97-18-19-1HLW,
• 38241, 2,470, Ovintiv, Kramer 150-97-18-19-12H,
• 38242, 1,707, Ovintiv, Kramer 150-97-18-19-2H,
• 38243, 1,405, Ovintiv, Kramer 150-97-18-19-13H,
• 38792, 968, Ovintiv, White Butte 146-98-34-27-1H,

Week 4: January 22, 2023 -- January 28, 2023

The single best story:

• Economy and Wall Street doing much better than expected.
  

Top story:

• Joe Biden is still president; 
• "everyone" in Washington, DC, has classified documents at their home or in their garage;
  

Top international non-energy story:

• Russian-Ukraine war continues
• allies agree to send "modern" tanks -- Germany was last hold-out; Leopards and Abrams.
• extended sanctions on Russia about to take effect: diesel. 
  
• Egypt: currency crisis; some say inflation has hit 101%.
  

Top international energy story: 

• Europe doing a lot better than expected; but expensive.
  

Top national non-energy story:

• Microsoft adds to its huge investment in AI; ChatGPT;
  
• Intel implodes.
• AMEX has huge quarter.
  
• "The Fed" still remains the story; "everyone" says recession; some say we are already in a recession
• pending housing sales surge;
• oil company profits surge, 4Q22;
• demand for semi-trucks surging;
• the death of globalization;
• Port of New York shatters trade record.
• Amazon pharmacy open for business.
  

Top national energy story: 

• CVX: record profits; $75 billion share buyback; increases dividend
• gasoline demand continues to deteriorate;
• natural gas drops below $3;
• Hess to increase CAPEX by nearly 40% next year;
  

Javier Blas:

• the widening crack spread.
  

Focus on fracking: most recent edition.

Top North Dakota non-energy story:

• Dickinson firm gets deal to build another segment of "the wall" along Texas southern border;
  

Top North Dakota energy story:

• Hess to put ten wells on one mega-pad.  
• Petro-Hunt with eight new overlapping 1920-acre units in Little Knife.
• the amazing Bakken; it's all about TOC; technology will catch up; 
• Bakken operators: moving to three-mile laterals; Tier 2, Tier 3;
  

Geoff Simon's top North Dakota energy stories:

• Quick connects. 

Bakken economy:

Commentary:

Entertainment: 

• Dallas Cowboys don't get past first round.
  

Utility Bill: Northern California Vs Northern Texas -- January 27, 2023

Compare my utility bill (below) with that of a similar-size apartment in northern California. 

Our entire monthly bill -- we have no natural gas. We only have electricity. 

My wife and I are taking no extraordinary measures to save energy, using whatever we want.

The "December polar vortex / cyclone bomb" did affect this bill.

With one day less in the period, y/y: the electricity usage was absolutely identical, at 802 kwh. Simply an observation. Nothing else.

Hess To Add Ten Wells On One Mega-Pad Or Two Big Pads In Wheelock -- January 27, 2023

From the February, 2023, NDIC hearing dockets.

 The cases. These are cases, not permits:

• 29847, Hess, Wheelock-Bakken, establish an overlapping standup 2560-acre unit, sections 17/20/29/32-156-98; ten wells on that unit; Williams County;

The map: