Five New Permits; Three DUCs Reported As Completed -- July 19, 2024

Locator: 48194B.

WTI: $80.13.

Active rigs: 38.

Five new permits, #40941 - #40945, inclusive:

• Operators: Oasis (2), Murex (2), Five States Operating;
• Fields; Arnegard (McKenzie); Alexander (McKenzie); Rocky Hill (Stark)
• Comments:
  
• Five States Operating has a permit for an RH well, NENW 22-138-99, Rocky Hill, 
• to be sited 250 FNL and 1370 FWL;
• Murex has permits for an LA-Lily Anne well and an LA-Alexander well, NWNE 25-151-101, Alexander, 
• to be sited 295 FNL and 2090 FEL, and at 295 FNL and 2060 FEL;
• Oasis has permits for two Painted Rocks wells, SWSW 20-150-100; 
• to be sited 350 FSL and 1243 FWL and at 351 FSL and 1210 FWL

Three producing wells (DUCs) reported as completed:

• 40135, 2,271, CLR, Veigel 2-9H, Dunn County,
• 40139, 2,597, CLR, Veigel 6-9H, Dunn County,
• 40185, 1,607, CLR, Sloan 6-8H, Dunn County,

Everything, Everywhere Happening All At Once -- I'm Going To Call It A Day -- Will Be Back Later -- July 19, 2024

Locator: 48193POLITICS.

Breaking: sounding more and more like an elderly, senile grandpa. Incredibly good news for the Trump supporters:

Chart of the day:

But the chart of the day for all the folks complaining about the plight of Americans. 

Link here.

Yes, I know.

The EV Narrative Continues -- Is The EV Movement Over? Only Cars Being Reviewed In Mainstream Media Are ICE Vehicles -- July 19, 2024

Locator: 48192EVS.

EV: the narrative continues. Link here.

These are atrocious numbers: really, really bad for California but in the big scheme of things, not that much better across the US. 

The California New Car Dealers Association on Thursday released its second-quarter report. In the state, Tesla sold about 52,000 vehicles, down 24% year over year. For comparison, Tesla’s total U.S. sales fell about 6% in the second quarter, and global sales fell about 5%.

Overall, battery-electric vehicle, or BEV, sales totaled about 101,000 units in the state, roughly flat year over year. Tesla’s second-quarter market share came in at about 51%, down almost 16 percentage points California year over year.

We should be well up on the S-shaped curve by now. To have a 5% drop in sales at this point in the EV journey is atrocious. 

Mainstream media auto reviewers seem to have quit reviewing EVs and are back to reviewing ICE SUVs and European sports cars.

Does anyone care. Only two comments at the linked article. 

***********************
Get Ready For More Expensive,
Less Reliable Electricity

Link here.

It was notable that the writer did not mention the real reason for this: the push for renewable energy -- wind and solar.
 

But Texas is ahead of the curve -- see RBN Energy today. Whoo-hoo!

RBN Energy: Texas Energy Fund seeks to speed development of new gas-fired power plants. Link here. If the link breaks (which it will in a couple of weeks), link to the blog here.

***********************************
Wind Turbine Now
At The Bottom Of The Ocean

Martha's Vineyard. Nantucket. Vineyard Wind.

Link here. How big was that single blade? The size of a football field.

Tiger And Joe Biden Have Something In Common: Neither Know How To Retire Gracefully -- July 19, 2024

Locator: 48191RETIRING.

Tiger to miss the cut at The Open in Scotland. "A disastrous British Open at 14-over."

Link here. 

Meanwhile, Biden trails in the state currently most likely to decide the election -- Pennsylvania. Link here.

Biden family and Biden spokesmen all tell us this story is false. Link here. The story, from NBC News.

Pet Peeve -- All Morning CNBC Commentators -- Crowdstrike CEO -- Says There Is No Quick Fix For The Problem -- In Fact There Is -- July 19, 2024

Locator: 48190AAPL

CNBC anchor early this morning solved his problem: set aside his "Microsoft" computer with that blue screen of death and got himself an Apple laptop. 

Amazon can get most folks an Apple laptop in a couple of hours. 

How bad was the outage (which is still ongoing, by the way, late Friday morning)? I think much worse that folks realize. I put in an order at Schwab at the open and it has not yet been filled (12:18 p.m. EDT). It was a "market trade, day only." My hunch: the trade has been "lost."

Link here.