Thursday, March 21, 2024

Clearing Off The Desk -- For The Archives -- Nothing About The Bakken -- March 21, 2024

Locator: 46819ARCHIVES.

Before we get started: all three major US equity markets post 52-week highs. Apple, plummeting, is the outlier.

  • Dow: up 318 points. Trading at 39,800.
  • NASDAQ: up 110 points. Trading at 5,254.
  • S&P 500: up 30 points. Trading at 16,480.

The links and stories:

A most bizarre story, link here:

I finished the Ed Lansdale biography but will keep it on the shelf as a reference book. It's that good. My notes in draft here. 

In 1968 - 1969, my junior / senior years in high school, I had huge National Geographic maps of Vietnam hanging on the walls of the basement bedroom I shared with my brother. I updated US military activity on the maps. I was pretty "involved" with Vietnam those two years but once in college, it seemed not to be that big a deal for me personally. 

A Walk on the Wild Side, Nelson Algren. 

I was into page 50 of this book when I decided to start over, read more slowly, and really enjoy the writing and all the new words: A Walk On The Wild Side, Nelson Algren, c. 1956. In a very, very "strange" way the book connects me with Zen and the Art of Motorcycle Maintenance.
This is truly a classic. Notes will be posted here. Every page might have a word, phrase, a note that takes me down a rabbit hole. One of the first: a bitch light. And, yes, it's a thing but hard to find much on it. This was an interesting blog -- "a pioneer 'what' light" -- but this was better:

If interested, don't google "bitch light." Rather, google "bitch light" rag grease. If you do that, you will find plenty of references. 

Texas sayings: the list seems to go on forever.

USAF RC-135s. I don't quite remember what led me here. But three great links (oh, yes, now I remember -- photos from the Bitburg AB alumni group on Facebook:

I read this book last night: The Blue Zones, Dan Buettner, c. 2023. Not a recommendation. It was a gift, not something I would buy for myself. His advice for living longer, paraphrasing:

  • unless you are an Adventist, drink Sardinian Cannonau wine (a red wine);
  • be happy, don't worry;
  • laugh, eat, and drink with family and friends, especially with your abuelitos:
  • water, coffee, tea, and wine (specifically Sardinian Cannonau wine)
  • learn to enjoy a plant-based diet; if you must eat meat, a small amount of fish;
  • lots of beans;
  • did I mention Sardinian Cannonau wine?
  • live in the mountains, off the grid;
  • wear blue denim;
  • walk; lots of walking; no treadmills;
  • bike; probably not in the mountains.

Most likely not a Sardinian Cannonau wine drinker: the fourth top executive of Lukoil to tie in the past two years; this one by suicide, age 54. Needs to be fact-checked. Link here and here.

Done for now. I need to bike to Total Wines and More to check out the price of Sardinian Cannonau wine.

WTI Trending Back Toward $80-Support Level -- March 21, 2024

Locator: 46818B.

As expected, DOJ anti-trust suit against Apple announced. AAPL falls about $5 / share.n [Later: mid-day trading, AAPL plummets, down $6 / share.] I am heavily over-weighted in Apple. I have a rolling 30-year investment horizon. This speaks volumes: the US government says Apple has a monopoly on smart phones. LOL. Let's see where this goes. We'll know in four to five ... years.

I agree completely with the DOJ. Apple (AAPL) would have done so much better these past several years if they would have played the game like Lego has played the game.

The US government wants to make the Apple smart phone even better, and accessible to even more folks.

WTI: $80.81.

Friday, March 22, 2024: 123 for the month; 182 for the quarter, 182 for the year
39645, conf, Oasis, Maridoe 5502 11-17 3B,

Thursday, March 21, 2024: 122 for the month; 181 for the quarter, 181 for the year
None.

 RBN Energy: supply / demand trends that spurred aa Gulf coast ethylene-to-alkylate project hold strong.

There’s always a risk when you take a new approach to doing or making something that your expectations won’t pan out — that something you hadn’t figured on happens and messes things up. But oh, the satisfaction that comes when the stars align exactly as you foresaw. The folks who developed Project Traveler, a recently completed Houston-area plant that produces high-value, octane-boosting alkylate from ethylene, isobutane and other widely available and low-cost feedstocks, know that good feeling, as we discuss in today’s RBN blog on the project’s economics.

Wednesday, March 20, 2024

A Ten-Well MRO Selmer Pad -- SWSE 11-145-94, Bailey Oil Field

Locator: 46817B.

Ten new MRO permits, #40609 - #40618, inclusive, March 20, 2024

  • Operator: MRO 
  • Field: Bailey (Dunn County)
  • Comments:
    • MRO has permits for ten wells, SWSE 11-145-94; 
      • to be sited 593 FSL and between 1510 FEL and 1910 FEL: Selmer, Sneve, Severson, Betts, Foss, Elliot, Zwenke, Rocky, Eubanks, and Purrier

The wells:

  • 40609, Selmer 21-14H,
  • 40610, Sneve 31-14TFH,
  • 40611, Severson 31-14H,
  • 40612, Betts 24-11H,
  • 40613, Foss 24-11TFH,
  • 40614, Elliot 34-11TFH,
  • 40615, Zwenke 34-11H,
  • 40616, Rocky 44-11TFH,
  • 40617, Purrier 44-11H, 
  • 40618, Eubanks 44-11TFH,

Other wells in the drilling unit:

  • 17875, 608, MRO, Lily 24-11H, Bailey, t7/09; cum 231K 1/24;
  • 16582, AB/334, MRO, Knutson 21-2H, Bailey, t10/07; cum 155K 7/22;

Back To The Bakken -- Tell Me Again, Things Are Slowing Down In The Bakken -- Twelve New Permits -- March 20, 2024

Locator: 46816B.

WTI: $81.68.

Active rigs: 40.

Twelve new permits, #40609 - #40620, inclusive:

  • Operator: MRO (10); Koda Resources (2)
  • Fields: Bailey (Dunn County); Fertile Valley (Divide County:
  • Comments:
    • Koda Resources has permits for two Amber wells, SESE 13-160-103; 
      • both to be sited 410 FSL with one 1081 FEL and the other 1046 FEL:
    • MRO has permits for ten wells, SWSE 11-145-94; 
      • to be sited 593 FSL and between 1510 FEL and 1910 FEL: Selmer, Sneve, Severson, Betts, Foss, Elliot, Zwenke, Rocky, Eubsnks, and Purrier

Five permits renewed:

  • Enerplus (3): Quartzite, Marble, and Geneiss, in Moccasin Creek, Dunn County
  • Liberty (2): a Casey permit in Burke County, North Tioga oil field; and, an Oliver permit in Burke County, Gros Ventre oil field

Enerplus Danielle Wells

Locator: 46815B.

The Enerplus Danielle wells.

Six new permits, #40603 - #40608, inclusive, permits, March 19, 2024:

  • Operator: Enerplus
  • Field: Little Knife (Dunn County)
  • Comments:
    • Enerplus has permits for six Danielle wells, SWSE 12-145-97, 
      • to be sited 292 FSL and between 2212 FEL and 2392 FEL;

A well of interest:

  • 18334, 1,343, Enerplus, Danielle 12-1H, Little Knife, t2/10; cum 243K 1/24; stimulated 2/18/20; 35,937 (no typo) bbls; proppant, 1,633,364 lbs (no typo); cased hole; offline, 7/24; cum 245K 7/24.
Danielle wells coming off confidential list during the week of June 8, 2025, link here:
40555,
40603.
40604,
40605,
40606,
40607,
40608,