Monday, September 25, 2023

Why I'm Not Worried About The US -- Exhibit A -- September 25, 2023

Locator: 45582GREECE. 

Link here.


 


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Hess With Two New Permits In Wheelock, Northeast Of Williston -- September 25, 2023

Locator: 45581B. 

NFL: two games tonight? What a great country. 

Lego: expanding online ambitions by tripling total number of software engineers. Link here.

Properties of oil:

light and sweet:

OKE - MMP -- Financial Times: link here.

  • bets on energy transition spark rise in North American pipeline deals.

CVX: ready for new drilling in Venezuela? Link here.

Armenia: Putin losing another ally to Biden? Link here.

CRH: primary stock listing moved from Europe to the US. Barron's.

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

Active rigs: 31.

WTI: $89.68.

Two new permits, #40224 - #30225, inclusive:

  • Operator: Hess
  • Field: Wheelock (Williams)
  • Comments:
    • Hess has permits for a GO-Dustin Brose-LE well, and a GO-Beck Living TR-LE well, NENE 29-156-98; 
      • the first to be sited 330 FNL and 590 FEL; 
      • the GO-Beck Living well will be sited 330 FNL and 623 FEL.

Fourteen producers now abandoned:

  • producers operated by an outfit called "31 Operating, LLC"
  • counties: one in Renville; all the others in Bottineau;
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DFW -- Re-Posting -- September 25, 2023

Link here.

Locator: 45372TX.

Dallas - Ft Worth: boomtown.

  • Population: imagine San Diego, San Jose, New Orleans, Pittsburgh and Boise all rolled up into the same metropolitan area.
  • Zoom in: That would give you a sense of just how many people now live in the Dallas-Fort Worth area's major cities, which aside from the titular pair also include Arlington, Plano and Garland. 
  • The big picture: Dallas-Fort Worth is one of the country's fastest growing metropolitan areas. The region added more people than any other U.S. metro between 2021 and 2022, with 170,396 new residents. 
  • Zoom out: Texas is one of six states benefiting from a massive southward wealth migration, which is pulling the U.S. economic center away from the Northeast.
  • By the numbers: 
    •  265 businesses have either relocated or expanded to Dallas-Fort Worth since 2020. 
      • Dallas accounted for 59 of those moves. 
      • Among the biggest: Caterpillar, which last year relocated its headquarters from suburban Chicago to Irving.
    • Irving, a suburb near DFW Airport, has seen more than 20 business expansions and relocations in the past three years.

"The six states" not named, but possibly: the two Carolinas; Georgia; Florida; Tennessee; and, Texas?

Yup, see this article.

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Reminder: OKE Trading — MMP No Longer Trading — September 25, 2023

Locator: 45580OKE. 

Just between you and me, my hunch: 20 years from now, I’ll be quite happy. I think this was a huge deal. A bit under the radar. I’m surprised it went through.

No recommendations now. Just an observation.

Looking forward to management’s philosophy on dividends.

Press release.

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The Apple iPhone Hasn't Even Seen Two Weekends Yet -- Already Talking About "Sweet 16" -- September 25, 2023

Locator: 45579APPLE.

Link here.

From the linked article:

The ‌iPhone 15 Pro‌'s A17 Pro chip is fabricated using TSMC's N3B process, but Apple reportedly plans to switch to the lower-cost N3E process for next year's standard A17 chip designed for the ‌iPhone 16‌ and ‌iPhone 16‌ Plus.
This will mark the first time that Apple has designed a chip specifically for its standard iPhone models.
In previous years, Apple simply gave the entire ‌iPhone‌ lineup the same chip before staggering them by one year between the standard and the Pro models starting with 2022's iPhone 14.

The "A" chip? Links:

  • Apple Silicon.
    • at the link, look at the long list of chips.
    • there are no less than nine "chips." The term "chips" is used broadly.
    • A, H, M, R, S, T, U, W, M (again).
    • brand new -- the R series. The R1 is a key component of the new Vision Pro.
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