The Million Dollar Way (The Bakken Oil Blog)

Thursday, August 10, 2023

This Pipeline Is Dead -- A CO2 Pipeline -- Iowa To North Dakota -- August 10, 2023

Locator: 45415B.

Updates

August 19, 2023: update. Link here. Archived. Nothing new; just a re-hash of the original story. Operator still thinks the pipeline will be operational by the end of 2024. Summit is based in Iowa.

Original Post

Link here.

If you read this story carefully, particularly "between the lines," as they say, you will see this pipeline is dead. This is "more dead" than the Keystone XL.

Have you seen how much an acre of farmland sells for in Iowa? No way is the state or the farmers going to take a chance ruining their farmland.

This CCS project has nothing for the Iowa farmer. It only benefits Summit and a few folks in North Dakota. Iowa farmers aren't worried about North Dakota or Summit; they are appropriately worried about their own farmland.

2022:

NFL Football ls Back -- August 10, 2023

Locator: 45414B.

Biggest story today: regulators give free rein to driverless taxis in San Francisco. This is absolutely huge.

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Dividends -- Recent Announcements

Link here.

Enerplus: an increase.
TSM: a decrease
Diageo: an increase (a recent Buffett buy)
FOX: an increase
CHRD: an increase -- whoo-hoo!
SWKS (Skyworks): an increase -- whoo-hoo!

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NFL

On now: Houston Texans vs New England Patriots, NFL Network Live, Hulu.

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Music

With almost everything, I go through phases.

Music: I’m clearly in my Christies’ Yellow River phase.

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Salads

Current phase: Caprese salad. Perfect accompaniment to 106-degree weather.

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Politics

Pelosi's long game: the Trump indictment. The Intelligencer.

This is why "term limits" would be bad.

Same with President Biden. It's up to the voters and the US Congress to sort this out. Not arbitrary laws.

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Courts

Recently I mentioned that I sold all my JNJ due to the unresolved court case.

This was in The WSJ today.

This speaks volumes and tells me I made the right decision for me.

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Amazon

As an investment, Amazon is looking more and more attractive. I've never cared for third party sellers on Amazon. This will eliminate some of the bad actors, I suppose, but that's not the reason Amazon is doing this:

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X Vs Threads

From the CEO of X: link here.

Atmospheric CO2 -- July 2023

Locator: 45413CO2.

Month-over-month, a slight decrease, but that's seasonal and occurs every July. Year-over-year, the typical increase.

Link here.

XTO Renews Twenty-One Permits; Three DUCs Reported As Completed; Three New Permits -- August 10, 2023

Locator: 45412B,

WTI: $82.82 (and folks are complaining; it gets tedious).

Heavy oil: link here. Incredible story. That's why I'm so "excited" about this week's COP story and Athabasca. Renewable diesel is a joke when one considers how much diesel is and will be needed. But go ahead, keep reading about renewable diesel. It gets tedious.

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Back to the Bakken

Active rigs: 39.

Three permits approved, #40117 - #40119, inclusive:

Operator: Neptune Operating
Field: Ft Buford (Williaams); Briar Creek (Williams)
Comments:

Neptune Operating has permit for three Heen / Heen South wells, SWSE 35-153-104;

to be sited 375 FSL and between 2381 FFEL and 2447 FEL

Twenty-one (21) permits renewed:

XTO: three Edwards Trust permits; four Bjarne Federal / HBU Bjarne Federal permits; fourteen HBU Marmon / HBU Marmon Federal permits; various fields, Williams and McKenzie counties

Three producing wells (DUCs) reported as completed: