Monday, October 2, 2023

GDPNow: 4.9% — Estimate 3Q23 — WTI Continues To Fall -- Five Wells Coming Off Confidential List Today -- October 3, 2023

Locator: 45633GDP.

GDP, estimate, 3Q23: nchanged for quite some time. Remains at 4.9%. Link here.

On target, link here. 

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Back to the Bakken

WTI: $88.30.

Wednesday, October 4, 2023: 12 for the month; 12 for the quarter, 582 for the year
39689, conf, WPX, Augustus 8-26H,
38273, conf, Hess, BB-Olson-150-95-09H-5
38037, conf, Petroshale, Tahu 2TF2H

Tuesday, October 3, 2023: 9 for the month; 9 for the quarter, 579 for the year
36961, conf, WPX, Nero 8-26H,
39458, conf, CLR, Arthur 4-12H,
38990, conf, Hess, RS-Harstad-155-91-0433H-6,
38272, conf, Hess, BB-Olson-LW-150-95-08H-1,
38038, conf, Petroshale, Tahu 4kTFH,

RBN Energy: are government forecasts underestimating gas burn for power?

Government forecasts are predicting a sharp drop in natural gas demand in the power sector in the coming decades based on an expectation that the renewable capacity build-out will accelerate and displace other sources. However, forecasts in the past decade have consistently and severely underestimated gas burn for power. In today’s RBN blog, we consider the pitfalls of forecasting gas consumption in a world often focused on pushing a renewables-heavy generation stack.

Vern Whitten Aerial Photography -- Something For Everybody -- October 2, 2023

Locator: 45632ND.  

Link here. 

My favorite: the golden, autumn foliage.


Vern Whitten Photography
www.vernwhittenphotography.com
(701) 261-7658

Be sure to take time to thank Mr Whitten and to visit his site. Mr Whitten has been incredibly generous sharing his photos with the blog for the past decade! Wow, the past decade! Possibly longer. 

Southern Surge -- Bill Clinton Gets It -- October 2, 2023

Locator: 45631POLITICS. 

Southern surge: Bill Cliniton "gets it." His recent comments will generate a lot of articles. Links:

  • Austin: link here. His solution -- build more housing in Texas. Not so much in Democratic states like California (way too expensive); New Mexico (way too poor); Arizona (would make the state more purple). 
  • New York City: link here. Says the Democrats are taking a big hit over this issue. Says permits to work in New York are taking too much time.

Peter Zeihan: I'm still waiting for him to weigh in on this. I can already guess how he views this.


WTI Drops Well Below $90; One New Permit; Six Permits Canceled; Five DUCs Reported As Completed -- October 2, 2023

Locator: 45630B.   

 Copper: prices, extreme contango; link here.

WTI: dips on soaring US dollar; profit-taking and demand worries.

US maintenance season: to lose 2.5 million bopd. Link here. 

OPEC oil production: grows for second month despite Saudi cut. Link here.

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Back to the Bakken

Active rigs: 32.

WTI: $88.82.

One new permit, #40232:

  • Operator: Empire North Dakota
  • Field: Starbuck (Bottineau County)
  • Comments: 
    • Empire North Dakota has a permit for a Wigeon well, confidential, SWSE 29-161-98. 
      • to be sited 1495 FSL and 2208 FEL;

Six permits canceled:

  • Enerplus: six Fort Berthold permits, Dunn County;

Five producing wells (DUCs) reported as completed:

  • 27895, 1,234, CLR, Jersey FIU 12-6H1,
  • 39293, 415, Petro-Hunt Dakota, Hot Rod 149-102-27B-26-2H
  • 39301, 1,058, CLR, Skanchenko Federal 9-31H,
  • 39302, 1,207, CLR, Skanchenko Federal 10-31H1,
  • 39303, 759, CLR, MeadowlarkFIU 8-6H,

The Book Page -- October 2, 2023

Locator: 45629WHARTON.  

Wow, wow, just delivered. "Free delivery" and the books were "free," also. What a great country.

I've had to dispose of much of my library -- I simply ran out of shelves -- but now that I have a few empty shelves, I am re-building my library, as it were. I feel like the proverbial kid in a candy store.

I'm in my Edith Wharton phase, having just finished Hermione Lee's biography. My notes are here.

This is the Norton Critical Edition, c. 2003. Whenever possible, I tend to read the Norton Critical Editions first -- the introductions and the essays that generally make up half of the entire edition are incredible. I guess that's the real reason I buy the Norton books.

It's hard to believe but The Age of Innocence is set in 1875 -- only ten years after the end of the Civil War. Edith was born in 1862, in NYC, during the Civil war. She was brought to Europe by her parents when she was four years old, or thereabouts, and did not return to America until 1872, at the age of ten. She wrote Innocence during the years following the end of WWI where she was instrumental in helping refugees from the war, particularly those from Belgium. The book was published in 1920 and was written to capture how she remembers Old New York, the working title for the book. This book won her the Pulitzer Prize; Wharton was the first woman to have won the Pulitzer Prize. She was nominated, but never won, the Nobel Prize for literature on three different occasions, first in 1920, if I recall correctly.

I am incredibly excited to see how Edith Wharton remembers "old New York," just a few years after the end of the US Civil War. 

Wharton was a generation (or more) than the great women writers of the 18th and 19th centuries, and before the great writers, male and female, of the 20th century, to include Virginia Woolf and F. Scott Fitzgerald. She met Scott Fitzgerald; I don't recall if she met Virginia Woolf. Edith died in 1937; Woolf committed suicide by drowning in 1941, unable to live through yet another European war.

On another note, for some reason -- and I've long forgotten what/why -- I had a renewed interest pterosaurs a few months ago. I did a fairly exhaustive search over at Amazon to see which might be the "best" book. Way too many to choose from. This is the one I selected. A reminder: pterosaurs are reptiles, not dinosaurs. Dinosaurs only lived on land: they did not fly and they did not return to the ocean.