A BR Mathistad TFH Well Goes Over 500K Bbls Cumulative -- Minimal Decline -- October 20, 2020

The well:

• 33150, 655, BR, Mathistad 3NC-MTFH, Croff, t11/17; cum 518K 4/20; remains off line 8/20; production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2020	0	0	0	0	0	0	0
BAKKEN	7-2020	0	0	0	0	0	0	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	229	0	0	0	0
BAKKEN	4-2020	25	20001	19913	11937	27777	27467	0
BAKKEN	3-2020	18	8636	8495	3919	14639	13888	463
BAKKEN	2-2020	0	0	124	0	0	0	0
BAKKEN	1-2020	28	10596	10589	4469	31309	29131	1624
BAKKEN	12-2019	31	12567	12618	8224	44909	44285	0
BAKKEN	11-2019	30	16152	16153	9818	55380	54856	0
BAKKEN	10-2019	31	20474	20542	9012	57555	57084	0
BAKKEN	9-2019	30	21789	21696	9012	49184	46594	2099
BAKKEN	8-2019	25	23046	22902	8352	41968	39042	2453
BAKKEN	7-2019	0	0	0	0	0	0	0
BAKKEN	6-2019	0	0	66	0	0	0	0
BAKKEN	5-2019	8	6960	7008	1837	11020	6197	4636
BAKKEN	4-2019	25	21544	21557	7188	37865	15880	21623
BAKKEN	3-2019	31	15952	15942	4949	27043	15533	11197
BAKKEN	2-2019	20	9886	9895	4206	10550	10368	0
BAKKEN	1-2019	31	20068	20046	8323	17639	17264	0
BAKKEN	12-2018	20	13191	13238	5035	11702	11392	0
BAKKEN	11-2018	30	23910	23925	9854	22700	22625	0
BAKKEN	10-2018	31	23710	23693	9820	24464	24388	0
BAKKEN	9-2018	19	11739	11712	5351	14761	14488	0
BAKKEN	8-2018	30	22491	22510	10968	32510	32110	324
BAKKEN	7-2018	18	14273	14274	6948	26610	26110	443
BAKKEN	6-2018	30	25666	25706	13318	40314	40229	0
BAKKEN	5-2018	22	23407	23471	12262	36424	36334	0
BAKKEN	4-2018	30	32434	32364	13144	50231	50125	0
BAKKEN	3-2018	31	24525	24473	11504	39520	39419	0
BAKKEN	2-2018	27	29165	29175	11270	40466	40368	0
BAKKEN	1-2018	26	27908	27974	9733	4254	4243	0
BAKKEN	12-2017	25	23727	23683	7335	32330	32254	0
BAKKEN	11-2017	20	13888	13732	3420	14022	12850	1090

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;