Oasis With Three New Permits; Nine Permits Renewed -- October 20, 2020

Active rigs:

$41.46	10/20/2020	10/20/2019	10/20/2018	10/20/2017	10/20/2016
Active Rigs	15	61	71	54	33

Three new permits, #37914 - #37916, inclusive:

• Operator: Oasis
• Field: Willow Creek (Williams)
• Comments:
• Oasis has permits for a 3-well Fraser Federal pad in NWNW 35-153-100, Willow Creek; two of the wells will be sited 581' FWL and from 814" to 847' FNL in NWNW 35-153-100; the third Fraser Federal well will be sited 1701' FSL and 1655' FWL in NESW 35-153-100
• see graphic below
  

Nine permits renewed:

• BR (5): five Carlsbad permits in McKenzie County
• Zavanna (4): four Gallow permits in Williams County;

One permit canceled:

• Whiting: a Feehan permit in Mountrail County

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Oasis Fraser Federal Wells

The graphic:

No Wells Coming Off The Confidential List Today -- October 20, 2020

From twitter earlier today:

OPEC basket, link here: trading at $41.37 today.

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Back to the Bakken

Active rigs:

$40.43	10/20/2020	10/20/2019	10/20/2018	10/20/2017	10/20/2016
Active Rigs	15	61	71	54	33

No wells coming off the confidential list today. Covid-19 surged six months ago, literally stopping new activity in the Bakken. We will see the effects of that "stoppage" play out over the next six months.

RBN Energy: coastal GasLink pipeline making slow progress to connect with LNG Canada, part 2.

By the middle of the decade, LNG Canada should be sending its first cargoes of Canadian-sourced LNG to Asian markets. More importantly, Canada for the first time will have an alternative export market for its natural gas supplies — for more than 50 years, piping gas south to the U.S. has been its only option. But getting gas from the Montney and Duvernay production areas to the British Columbia coast is no easy task. It requires the construction of an entirely new, 2.1-Bcf/d pipeline — expandable to 5 Bcf/d — much of it over very rugged terrain. Coastal GasLink, as the planned pipe is known, has also faced major regulatory hurdles. Today, we conclude a two-part series with a look at where the pipeline project stands today.

Over the past decade, the Shale Revolution in the U.S. has been placing an ever-tightening squeeze on Canadian gas supplies and exports. With U.S. natural gas production surging through most of that period, Canadian producers saw their market share erode rapidly. These developments — and Canada’s own growing supplies of unconventional gas in plays such as the prolific Montney — meant that other avenues for exporting natural gas had to be developed.

Notes From All Over -- Part 2 -- October 20, 2020

Seven high-frequency indicators for the economy: link here. From a reader, thank you. A note about that blog from that site:

Time.com 25 Best Financial Blogs, March 2011

“If you only follow one economics blog, it has to be Calculated Risk, run by Bill McBride. The site provides concise and very accessible summaries of all the key economic data and developments. One of the reasons McBride is able to do this so well is that he has an almost uncanny knack of recognizing which facts really matter. He began the blog in 2005 because he saw a disaster brewing in the form of the housing bubble, and tried his best to warn the rest of us of what was coming. I've followed him closely ever since, and I don't know if he's ever been wrong. My advice is, if you've come up with a different conclusion from McBride on how economic developments are going to unfold, you'd be wise to think it over again!” 

-- Professor James Hamilton, Economics, University of California, San Diego

MVNOs: list here. 

5G revolution: what to expect.

High-frequency trading tax? New Jersey flips -- now says "no"! Must have gotten an earful. Link here. 

Amazon: all the companies in Jeff Bezos' empire -- in one large chart. Actually several charts at this link. 

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The Art Page

Sophia's art over the years:

Fast And Furious -- Fifteen Minutes -- October 20, 2020

How 'bout them Cowboys? Link here: https://www.foxnews.com/sports/budda-baker-kyler-murray-cardinals-blowout-win-cowboys.

Tesla: ouch! Third-quarter (3Q20) registrations decline 13% in California. Oh-oh. Did anyone see this coming? What's going on?

Tesla:

• first steel structure appears at Tesla Giga Austin; link here;
• be sure to scroll to bottom; article links three must-see YouTube sites tracking Tesla Giga Austin;

Best site for EV news: insideEVs.

Apple: AirTags coming. Social media comments again suggest some folks simply don't understand things.

Apple: new iPhone 12 colors. Disclaimer: I'm buying into the hype. 

Apple: how to think about Apple iPhones.

Renewable energy: US consumption hits record:

• poorly written article considering it was written by Charles Kennedy; I expected more;
• big source: wood which ties with wind, waste
• niche: solar

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

One more reason to hold off on investing: GM expected to announce expanded EV production. Incredibly high CAPEX minimal returns in near term; too many competitors long-term for anyone to make much money.

Nikola tumbles after backing away from Badger: is GM the next shoe to drop?

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

Home builder sentiment: hits record for third consecutive month. That would be three months in a row. Also here.  

The operative word in this headline: "just." LOL. Ten countries where you can retire on "just" $100,000. Link here.

• in May, 2020, the average social security check was #1,390.12
• 4% of what = (12 * 1,390.12)
• 4% of what = $16,681.44
• what = $417,036
• which means the average individual has $400K in his/her lockbox --well above the $100K-threshold
• married couples (male-female, male-male, female-female, other-other): over $800,000 in their combined lockbox

Appraisals: I did not know this. Interesting. Link here. One wonders if this is to protect consumers, or to protect the "real estate appraisal" lobby? I honestly don't know, but I have a hunch.

What the Bismarck Tribune is not publishing:

• imprisoned Hunter Biden associate flips on Hunter; tells all; link here;
• why is the FBI's top child porn lawyer involved in Hunter Biden laptop case? Link here.
• scheme to defraud Native American tribe exposed; associates of Hunter Biden now in prison; link here. From a reader, "So, Bevan Cooney just ratted out Hunter Biden..... and, yup, guess who was in on the Wakpamni deal." See Lakota, Oglala;
  

Rich States, Poort States -- 13th Edition -- October 20, 2020

Quick:

• where did North Dakota rank, 2008 - 2018?
• where does North Dakota rank, going forward?
• which state was #1, 2008 - 2018?
• which state is #1, going forward?
• which state fell the farthest, from 2008 - 2018 to going forward

Answer:  https://www.alec.org/app/uploads/2020/08/RSPS_13th-Edtion_State-Pages_final.pdf

Website here: at the website, can download PDFs for reports for past three years.

Headline, The Center Square, September 20, 2020:

• Utah, Texas first for economic outlook (going forward), performance (2008 - 2018)
• Louisiana, 30th