Friday, February 12, 2021

Dating Guides As We Go Into The Weekend -- February 12, 2021

Levels of deplorability: Ammo Grrrll link at PowerLine here;

Hot / Crazy Matrix: a man's guide to women. Outstanding. 

Emotional unavailability / Hot Matrix
: a woman's guide to men. A parody. Not as good, but only because it was a parody. Parodies are seldom as good as the original. 

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Dilemma

It's really cold here today. The only question I have? Do I ride my bike to get some doughnuts and kolaches? 

Later, in a note to a reader:

Just got back from a very short bicycle ride. Went out to get doughnuts and kolaches.

Temperature inside the apartment this morning was 59°F. That happens occasionally, generally every winter here in north Texas, but that's about as cold as it gets inside the apartment. Haven't checked outside temperature. To some degree (no pun intended), 59°F in the apartment is much nicer than the 100°F+ temperature in the summer. Not completely sure about that. My tune will probably change this August.

Bike ride was fine; no traffic on the roads.

A Closer Look At The CLR Jack Well That Came Off Confidential List Today -- February 12, 2021

Locator: 10010JACK.

November 19, 2023: the original post has been updated.

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The CLR Jack Wells

The well:

  • 36475, F/A, CLR, Jack 5-4H1, Murphy Creek, first production, 8/20; t--; cum 61K 12/20; cum 255K 9/23; still a nice well; fracked 2/11/20 - 2/20/20; 7.9 million gallons of water; 88% water by mass; compared to others, a lousy geology report:
    • target: early Devonian Three Forks B1
    • spud: 0130, October 6, 2019
    • reached KOP: 1118, October 9, 2019
    • lateral
      • begun: 1930 hours, November 15, 2019,
      • gas:ranged from 8- 8,361 units
      • gas buster; flare: averaged 10 - 25' gas flare
      • two hot zones
        • Upper Marker (TF MRK1): 15' into the Three Forks
        • second hot zone: ~ 20' into the Three Forks

Four wells on this pad:

  • 36478, F/A, CLR, Jack 8-4H, Murphy Creek, first production, 8/20; t--; cum 59K 12/20; cum 253K 9/23;
  • 36477, F/A, CLR, Jack 7-4H1, Murphy Creek, first production, 8/20; t--; cum 75K 12/20; cum 236K 9/23;
  • 36476, F/A, CLR, Jack 6-4H, Murphy Creek, first production, 8/20; t--; cum 36K 12/20; cum 316K 9/23; only 8 days in 9/23;
  • 36475, see above,

Four other wells in that driling unit, coming up from the south:

  • 23520, 585, CLR, Jack 3-9H, t1/13; cum 336K 12/20; cum 423K 9/23;
  • 23519, 581-->AB (9/21), CLR, Jack 4-9H, t2/13; cum 245K 12/20; cum 255K 9/21; off line;
  • 20746, 678, CLR, Jack 2-9H, t2/12; cum 292K 12/20; cum 326K 9/23;
  • 17702, 513, CLR, Jack 14-9H, t5/09; cum 387K 12/20; a jump in production in 7/20 but quickly dropped back to previous production; cum 417K 9/23;

Of note:

  • five permits canceled; these would have been wells drilled from the south; appears they were replaced by wells drilling from the north; we've discussed this before.

Winter? Yup, It's Winter -- February 12, 2021

Rosneft: profits slide almost 80% in 2020. 

Gazprom: to start Nord Stream 2 gas pipeline this year.

Market: I was sure there was going to be a huge sell-off this morning. It may still happen -- the day has just begun, but if we have a weekly gain, that will be nice.

Apple: shareholders have their dividend; paid yesterday.

Talking heads: inflation possible. 

Winter: yup, it's winter. 

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Back to the Bakken

Active rigs:

$58.47
2/12/202102/12/202002/12/201902/12/201802/12/2017
Active Rigs1556635836

Friday, February 12, 2021: 7 for the month, 40 for the quarter, 40 for the year.

  • 36475, F/A, CLR, Jack 5-4H1, Murphy Creek, first production, 8/20; t--; cum 61K 12/20;

RBN Energy: gas processing build-out continues in Permian's Delaware Basin, part 2. Archived.

Permian producers and midstreamers have faced a lot of uncertainty over the past 12 months. First, they wondered how much demand destruction would be caused by pandemic-related lockdowns, how low crude oil prices might fall, and how much production would be cut back and where. Then, they needed to assess how quickly demand, prices, and production levels would rebound, and determine whether the gathering systems, gas processing plants, and other infrastructure they had been planning pre-COVID should proceed according to their original schedules or be delayed or even canceled. As it turned out, most of the projects went ahead, the developers anticipating — correctly, it now appears — that if any U.S. production area will keep growing, it will be the Permian. Today, we continue a short blog series on gas-related infrastructure development in 2020-21, this time focusing on the Delaware Basin.

The companies that drill for crude oil and natural gas in the Permian and build the pipes and processing plants that help bring those commodities to market, lived a Tom Brady kind of life in the second half of the 2010s. Sure, they may have suffered a minor setback or two, but generally speaking, everything for Permian producers and midstreamers was up and to the right. Then came 2020, an unforgettable year — and in a bad way.

The Buffett Indicator -- February 12, 2021

Update

February 13, 2021: they must be reading the blog. We may be using the same source, but I posted first. LOL.

Original Post

The Buffett indicator has been in the news lately.

The Buffett indicator? Link here. 

The Director's Cut is scheduled to be released later this afternoon.

Winter Storm Advisory -- Weekend -- Grapevine, TX -- February 12, 2021

Link here.