An XTO Werre Trust Well Has Gone Over 500K Bbls Crude Oil Cumulative -- February 12, 2021

The XTO Werre Trust wells are tracked here.

Recently off line, the Werre Trust wells are back on line. These are very nice wells. One well has gone over 500K bbls cumulative crude oil:

• 32500, 2,717, XTO, Werre Trust Federal 14X-34AXD-N, Bear Creek, t5/18; cum 574K 12/20; off line 11/19; remains off line 2/20; back on line 7/20;
  

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Probably The Most Posted YouTube Video On The Blog

Seems fitting considering the winter storms hitting the US this weekend.

California Dreamin', The Mamas and the Papas
When I was on temporary duty to northern Yorkshire, England, back in 2002 - 2004, after work, I would go for long, long walks almost every night well after dark. Most nights I would pass the same small Anglican church; the doors were always open; absolutely dark; no lights -- and I would feel my way along the pews -- to the front of the small church -- and sit in the front row for an hour or so and meditate ... this song always takes me back to those nights ...

" ... stopped into a church I passed along the way. Well, I got down on my knees and I began to pray --  you know the preacher liked the cold; he knows I'm gonna stay ..."

[From another site: Michelle Phillips said she wrote some of the lyrics for this song, including the part about the visit to the church. Interestingly, the Beach Boys sing the lyrics the way they are commonly presented: "I pretend to pray." However, Michelle sings them the way she says she wrote them: "I began to pray."]

CLR Has Just Completed Eighteen Wells In Elm Tree: Angus Federal, Simmental Federal And A Charolais South Federal -- February 12, 2021

To the best of my knowledge this has not been posted by any other blog yet. Just saying. These are going to be huge wells.

CLR must have an incredible portfolio of permitted sites and DUCs in the Bakken. 

Example: these 18 DUCs --

• 37060, conf-->drl/NC, CLR, Angus Federal 7-9H, Elm Tree,
• 37059, conf-->drl/NC, CLR, Angus Federal 8-9H1, Elm Tree,
• 37058, conf-->drl/NC, CLR, Angus Federal 9-9H, Elm Tree,
• 37057, conf-->drl/NC, CLR, Angus Federal 10-9H, Elm Tree,
• 37056, conf-->drl/NC, CLR, Angus Federal 11-9H2, Elm Tree,
• 37055, ros (1/8/20)-->drl/NC, CLR, Angus Federal 12-9H, Elm Tree,
• 37054, conf, CLR, Angus Federal 13-9H2, Elm Tree,
• 37053, conf-->drl/NC, CLR, Angus Federal 14-9HSL1, Elm Tree,
• 37052, conf-->drl/NC, CLR, Simmental Federal 5-16H2, Elm Tree,
• 37051, conf-->drl/NC, CLR, Simmental Federal 6-16H, Elm Tree,
• 37050, conf-->drl/NC, CLR, Simmental Federal 7-16H2, Elm Tree,
• 37049, conf-->drl/NC, CLR, Simmental Federal 8-16H, Elm Tree,
• 37048, conf-->drl/NC, CLR, Simmental Federal 9-16H1, Elm Tree,
• 37047, drl/drl-->drl/NC, CLR, Simmental Federal 10-16H, Elm Tree,
• 37046, conf-->drl/NC, CLR, Simmental Federal 11-16H2, Elm Tree,
• 37045, conf-->drl/NC, CLR, Simmental Federal 12-16H, Elm Tree,
• 37044, conf-->drl/NC, CLR, Charolais South Federal 2-10HSL, Elm Tree,
• 37043, ros (1/8/20)-->drl/NC, CLR, Simmental Federal 13-16HSL2, Elm Tree,

In the process of updating producing Simmental Federal and Angus Federal wells, it was noted that two of the wells, maybe others, had recently been taken off line. There are not many reasons for an operator to take producing wells off line.

So, let's check FracFocus regarding these eighteen wells:

• 37060, 33-053-09237, fracked 12/3/20 - 12/10/20; middle Bakken; 8 million gallons water; 85% water by mass; one of eighteen wells on the same pad; max gas, 7,224 units at 17,491' MD; drilled in nine days from spud to TD; the well bore stayed within the ideal 16' target window 56.7% of the production lateral length;
  
• 37059, 33-053-09236, fracked 12/4/20 - 12/10/20; first bench TF; drilled in ten days from spud to TD; max gas, 2000; the well bore stayed within the ideal 16' target window 53.2% of the production lateral length;
• 37058, 33-053-09235, fracked 12/10/20 - 12/27/20;
• 37057, 33-053-09234, fracked 12/10/20 - 12/27/20;
• 37056, 33-053-09233, fracked 12/11/20 - 12/28/20; second bench TF; 8.9 million gallons of water; 88% water by mass; max gas of 3,033 units and a 10' - 30' trip gas; drilled in ten days from spud to TD; the well bore stayed within the ideal 12' target window 65.0% of the production lateral length;
• 37055, 33-053-09232, fracked 12/28/20 - 1/10/21;
• 37054, 33-053-09231, fracked 12/28/20 - 1/10/21;
• 37053, 33-053-09230, fracked 12/28/20 - 1/8/21; first bench TF; 6.7 million gallons of water; 87.2% water by mass;
• 37052, 33-053-09229, fracked 12/16/20 - 12/26/20; second bench TF;
• 37051, 33-053-09228, fracked 12/16/20 - 1/5/21;
• 37050, 33-053-09227, fracked 12/16/20 - 12/28/20; second bench TF;
• 37049, 33-053-09226, fracked 12/28/20 - 1/4/21;
• 37048, 33-053-09225, fracked 1/5/21 - 1/16/21; first bench TF;
• 37047, 33-053-09224, fracked 1/5/21 - 1/15/21;
• 37046, 33-053-09223, fracked 1/6/21 - 1/16/21; second bench TF;
• 37045, 33-053-09222, fracked, 1/17/21 - 1/24/21;
• 37044, 33-053-09221, fracked 1/16/21 - 1/25/21;
• 37043, 33-053-09220, fracked 1/16/21 - 1/25/21; second bench TF;

Data for other wells is also available at FracFocus, but I will complete this data later.

But now we know why a couple of neighboring wells were taken off line recently.

Casablanca, NEE, And SRE -- February 12, 2021

TCM tonight: Casablanca. Wow, every time I watch it, I see something new. What a great movie. 

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. 

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Investing
SRE vs NEE
Elevator Speech

This caught my eye tonight. Over at NASDAQ dividend announcements, the site had a "down" arrow for the newly announced dividend declaration for NEE, but when I checked, everything suggested that, in fact, the company increased its dividend over the previous quarter, which was accurate. The dividend was increased 10% from the previous quarter. 

Going back through the dividend history, NEE paid $1.40 / share one year ago, compared to 35 cents/share last quarter, and now 38.5 cents / share for holders or record, February 26, 2021. 

LATER: a reader said the dividend was decreased because the stock split 4 -1 , October 26, 2020, or thereabouts.That explains everything. In fact this utility has outpaced every other utility. This is an incredible story. See Motley Fool at these links:

• February 14, 2021; 
• December 29, 2020;
  

So, year-over-year, NEE's dividend is significantly lower (38.5 cents versus $1.40) -- and maybe that explains the down arrow, despite being up over the previous quarter. But it certainly was wrong. I've seen this before.

Whatever, it caught my attention.

Again, I don't follow utilities very closely, but I'm watching Casablanca and don't have much else to do, so thought this was a good time to compare NextEra Energy with my favorite public utility, Sempra Energy. 

Right, wrong, or indifferent, I see:

• NEE:
• great region to be a utility with few risks: Florida
• domestic focus
• heavily committed to wind and solar
• SRE:
• with huge operations in California, huge risks: litigation, regulation, fires, local antagonism to natural gas;
• heavily committed to natural gas
• cutting risk by taking interest in Texas
• a more international focus
  

Then at Yahoo!Finance (figures may be rounded):

• NEE:
• earnings date: late April, 2021
• market cap: $160 billion
• P/E: 55
• pays: 1.67% (at $1.40 was paying 5 - 7%)
• share price, over the past year: $45 - $90
• today: $85
• one year target: $90
• SRE:
• earnings date: Feb 25, 2021
• market cap: $36 billion
• P/E: 10
• pays: 3.32%
• share price, over the past year: $88 - $160
• today: $125
• one year target: $145

Yahoo!Finance considers share prices over-valued for both companies. 

This may be fascinating to watch. 

Although this is dynamic and not current, this is what Yahoo!Finance is reporting:

• NEE:
• EPS: $1.48
• Forward dividend: $1.40
• SRE:
• EPS: $13.01/share
• Forward dividend: $4.18

Notes From All Over -- February 12, 2021

From social media:

• Tesla: 1,184 days ago, Tesla starting taking $250,000 deposits for the Roadster II. It still doesn't exist.
• Jim Cramer: I feel fortunate to have energy expert Jim Cramer assessing how quickly oil will become obsolete. He also said the energy sector was dead before this 75%+ move. Just hanging on every word. 
• Nikki Haley: Former US ambassador to the UN Nikki Haley directly accused former President Donald Trump for his involvement stoking the US Capitol riot in a new interview. Being reported by an outlet I don't trust.
• TSLA: Time to kick TSLA out of the S&P.
• Wind; Learning more about how wind turbines "freeze off." A big component is the OK cash spike this week. I had thought cold = no wind, but they actually shut thee things down when power prices are the highest.
• WTI: WTI making a run at $60/bbl.
• Bloom Energy: +272% last 52 weeks. 2021 operating cash flow guidance: "Approaching positive."
• Cuba: hit by nationwide electricity blackout
• TV just went blank: EAS -- a winter storm warning for following counties -- includes Dallas, Ft Worth, effective from 6:00 a.m. Saturday to 9:00 p.m. Sunday. This warning includes virtually all of north and central Texas. Warning will likely last for a full week due to extreme cold.

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Remote Learning

Vaccine Rollout -- February 12, 2021

Vaccine rollout. Law of large numbers.

Numbers of Americans vaccinated is increasing by 0.3% each day. Has been that way since the inauguration.

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Grapevine, TX, Weather

Currently well below freezing and its late afternoon.

Forecast for 3 - 6" snow by Monday evening. Whoo-hoo!

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Flashback

Link here. 

I graduated from WHS, 1969, and from Augustana College, Sioux Falls, SD, 1973.

I didn't watch much television during my college years, and certainly not on Saturday nights but this is what the folks back home were watching: