Boom! Apple now worth more than Germany's 30 largest listed companies that make up the DAX index on the Frankfurt Stock Exchange.
The DAX is worth a combined $1.36 trillion, including business software
giant SAP ($162 billion), chemical company Linde ($111 billion),
engineering and industrial conglomerate Siemens ($108 billion), and
insurance group Allianz ($100 billion).
The tech giant's market capitalization has now grown to over $1.4
trillion, further cementing its place as the world's most valuable tech
company. Only the Saudi Aramco oil company is worth more.
Hammered: speaking of Saudi Aramco, OPEC is getting hammered by low oil prices and may move the next OPEC meeting forward (sooner than now scheduled). And Russian oil companies say that Russia production may decrease if they don't get some tax relief from Putin. Everyone has problems.
Meanwhile, Jerry Jones, owner of the Dallas Cowboys, plans to host the biggest Super Bowl party ever down in Miami, on his yacht. Party like it's 1999. So, that's a trifecta for "hammered": OPEC, Russia, and Super Bowl party attendees.
Ovintiv: already forgot who this is? The old Encana.
Link here:
Ovintiv Inc. will update investors Wednesday on its progress for the
shale oil assets in Oklahoma it amassed after the $5.5
billion acquisition of Newfield Exploration Co. in 2018. The Stack and
Scoop fields in the Anadarko Basin have faced investor scrutiny and
operational challenges that sent a handful of small explorers into
bankruptcy.
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Back to the Bakken
First things first:
the CLR Omlid-Ransom wells in Elidah oil field have been updated; some huge wells.
Active rigs:
| $52.32 | 1/30/2020 | 01/30/2019 | 01/30/2018 | 01/30/2017 | 01/30/2016 |
|---|
| Active Rigs | 54 | 65 | 57 | 38 | 45 |
Five wells coming off confidential list today --
Thursday, January 30, 2020: 104 for the month; 104 for the quarter, 104 for the year:
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35957, 1,470, Whiting, Cayko 21-22HU, Dore, t8/19; cum 68K 11/19; a 21K month;
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35852, drl, XTO, FBIR STephen 21X-19A, Heart Butte,
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35115, 54 (no typo), Oasis, Kellogg Federal 5297 11-30 5T, Banks, t8/19; cum 41K 11/19; a 25K month;
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34967, 1,880, CLR, Rader 11-24H1, Avoca, t7/19; cum 80K 11/19; a 24K month;
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32109, 3,350, CLR, Boulder Federal 8-4H, Banks, t9/19; cum 138K 11/19; a 64K month, followed by a 47K month;
RBN Energy:
D-J Basin production gains spur crude gathering systems build-out. Peak oi? What peak oil?
Archived.
The Denver-Julesburg Basin in northeastern Colorado and southeastern
Wyoming has been producing crude oil for many decades now, but there
were only a few crude gathering systems there until just the past three
or four years, which were marked by a rapid ramp-up in production
associated with the Shale Revolution. The development of these systems
was spurred by producers’ desire to more efficiently and
cost-effectively transport increasing volumes of crude from their new
horizontal wells to new and expanded takeaway pipelines. The gathering
systems have been built and added to over time by a combination of
entities –– producers themselves, midstream affiliates of producers, and
independent midstream companies, many of them backed by private equity.
Today, we discuss highlights from our new Drill Down Report on D-J
Basin crude oil gathering systems.
It would be hard to ignore the D-J Basin of late, given both the
rapid growth in crude oil, natural gas and NGL production there and the
efforts to develop new takeaway capacity. For example, crude oil
production in the D-J has nearly doubled over the past four years and
increased by 45% over the past two years to about 620 Mb/d, according to
IHS Markit, making the D-J the second-fastest-growing major production
area in the U.S. — only the Permian Basin has been growing faster.
Natural gas production in the D-J has also been rising fast, from less
than 1.6 Bcf/d, on average, in January 2016 to almost 2.8 Bcf/d this
month, driven by NGLs-rich associated gas production from crude-focused
wells.
