Friday, September 15, 2023

Fact-Checking Crude Oil Production By Saudi Arabia — September 15, 2023

Locator: 456723SAUDI.

Link here. Production, y charts through April, 2023.

Link here. Production, Statista, 1998 - 2022.

Link here. Production, CNBC, current.

Link here. Production, CEIC, July, 2023, one data point without subscription.

Link here. Exports. Finally.

Link here. Most interesting. But, note the date, May, 2023.

******

From a reader.

Link here. See first comment below.

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Week 37: September 11, 2023 -- September 17, 2023

Locator: 45672TOPSTORY.

Top story:

  • Hunter Biden indicted: guns and drugs.
    • ABC legal analyst already siding with Hunter saying case is very, very rare; has never seen anything like this

Top international non-energy story:

  • Russian-Ukraine war continues

Top international energy story:


Top national non-energy story:

  • UAW strikes top three American auto manufacturers
  • Largest IPO since Rivian: ARM / Arm chips
  • Apple announces iPhone 15 and Apple Watch series 9

Top national energy story:

  • WTI: closes above $91 for the week
    • regardless, oil equities fell along with the market

Focus on fracking: most recent edition.

Top North Dakota non-energy story:


Top North Dakota energy story:


Geoff Simon's quick connects:

Bakken economy:

  • holding in there

Commentary:

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The EVs Wars -- An Existential Issue For Automobile Manufacturers -- September 15, 2023

Locator: 45671EVS.

Updates

September 18, 2023: link here.

Original Post 

This post has not been completed, but I'm bored with the subject and won't add anything more to this page for now.

Link here.

Wow, wow, wow.

Someone is reading the blog.

I've been saying the same thing, for several years now. Not always explicitly. 

But there it is, in Barron's -- EVs are an existential threat to the US auto companies. Ford is probably most at risk, having stated very clearly, the company will be 100% EV sooner than later. Some companies have already back-pedaled, and are moving to PHEVs as an interim option. 

We'll come back to this. The link to the Barron's article: https://www.barrons.com/articles/ford-gm-tesla-ev-war-aa553d83?mod=hp_HERO.

The headline and the lede.

The numbers are daunting. I don't think folks realize these are mature companies literally attempting to move into a new industry. Mature companies that have taken 100 years to get to where they are today.

The old industry: automobiles. Everything built around an ICE and a driver.

The new industry: batteries. Autonomous mobile batteries with walk-in baggage and/or safety observers.

So much more at the Barron's story. EV investors need to save this article and pull it out twenty years from now.

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Consumer Sentiment -- September, 2023

Locator: 45670ECON.

Link here.

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Updating The MRO Pelton Well In Bailey Oil Field -- September 15, 2023

Locator: 45669B.

The well:

  • 17255, MRO, Pelton 24-31H, Bailey. 17255, original well drilled in 2008, thirteen years ago; and re-fracked in 2017:
    • 465, MRO, Pelton 24-31H, t9/08; 
    •  1,799, MRO, Pelton-24-31H, t4/17; cum 562K 10/21; cum 647K 7/23;
    •  the well has produced 647,253 bbls of crude oil since it was first drilled; 
    •  before the re-frack the well had produced 179,311 bbls of crude oil (over a period of 103 months);
    •  after the re-frack the well produced 382,279 bbls of crude oil (over a period of 55 months)
    •  after the well was re-fracked, it produced about twice as much oil in half the time that it produced prior to the re-frack.

Recent production, since 12/21:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-20232633223287322441743154596
BAKKEN6-2023141352141714971920164491
BAKKEN5-20233139333811352655844922160
BAKKEN4-20233037923848322545563791283
BAKKEN3-20233143564497417758565010306
BAKKEN2-20232745614600418752894189603
BAKKEN1-202331620461826423703749061457
BAKKEN12-20221627312649292331572602247
BAKKEN11-20223057015669647864005039728
BAKKEN10-202231652464897930734355231105
BAKKEN9-202230688569329127716064180
BAKKEN8-2022318184820014123878279240
BAKKEN7-20223195959638231379847878991
BAKKEN6-20223090778932301797658666468
BAKKEN5-202225542452902668846023325697
BAKKEN4-20220000000
BAKKEN3-20220000000
BAKKEN2-20222200000
BAKKEN1-2022001360000
BAKKEN12-2021728819720523013144
BAKKEN11-2021303732374426382978244965
BAKKEN10-2021314892499538634167357038
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