Saudi Looking To Maximize Free Cash Flow -- Raises Asian Prices -- Whoo-Hoo! -- March 7, 2021

Link here.

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Cartoon Of The Day

Initial Production Data For Wells Coming Off Confidential List This Next Week -- March 7, 2021

 The wells:

• 37036, conf, Zavanna, Leopard 20-18 4TFH, Cow Creek, first production, 10/20; t--; cum 100K 1/21;

Date	Oil Runs	MCF Sold
1-2021	14745	23800
12-2020	20583	31113
11-2020	24320	28133
10-2020	25175	24082
9-2020	8	25

• 37713, conf, Moris 12-26H1, Oakdale, no production data, 
• 37672, conf, Minnkota Power Cooperative, J-ROC1 1, wildcat, no production data, 
• 36206, conf, CLR, Polk Federal 13-33HSL, Banks,
  

Date	Oil Runs	MCF Sold
1-2021	27436	64150
12-2020	32439	68588
11-2020	36662	68878
10-2020	17231	30627
9-2020	242	0

• 35712, conf, Whiting, Renbarger 24-34HU, Banks, first production, 9/20; t--; cum 90K 1/21, 33K over 24 days extrapolates to 42K over 30 days:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2021	30	8363	8250	9213	44235	42675	1503
BAKKEN	12-2020	31	11216	11279	13035	53942	53881	1
BAKKEN	11-2020	30	17663	17630	17079	70248	68036	2154
BAKKEN	10-2020	31	19590	19862	17515	61179	60458	676
BAKKEN	9-2020	24	33234	32705	13489	78619	66516	12059
BAKKEN	8-2020	1	0	0	0	2	0	0

• 37793, conf, CLR, Morris 14-26HSL2, Corral Creek, no production data;
  

Wells Coming Off The Confidential List This Next Week -- Record-Setting Number Of Days With No New Wells Being Reported -- March 7, 2021

Six months ago: September 7 - September 15, 2021. What was going on six months ago. From September 12, 2020, the number of active rigs down to 12; WTI below $40; and few permits:

Monday, March 15, 2021: 13 for the month, 69 for the quarter, 69 for the year.
37036, conf, Zavanna, Leopard 20-18 4TFH,

Sunday, March 14, 2021: 12 for the month, 68 for the quarter, 68 for the year.
None.

Saturday, March 13, 2021: 12 for the month, 68 for the quarter, 68 for the year.
None.

Friday, March 12, 2021: 12 for the month, 68 for the quarter, 68 for the year.
None.

Thursday, March 11, 2021: 12 for the month, 68 for the quarter, 68 for the year.
None.

Wednesday, March 10, 2021: 12 for the month, 68 for the quarter, 68 for the year.
None.

Tuesday, March 9, 2021: 12 for the month, 68 for the quarter, 68 for the year.
None.

Monday, March 8, 2021: 12 for the month, 68 for the quarter, 68 for the year.
37713, conf, Moris 12-26H1,
37672, conf, Minnkota Power Cooperative, J-ROC1 1
36206, conf, CLR, Polk Federal 13-33HSL,

Sunday, March 7, 2021: 9 for the month, 65 for the quarter, 65 for the year.
35712, conf, Whiting, Renbarger 24-34HU,

Saturday, March 6, 2021: 8 for the month, 64 for the quarter, 64 for the year.
37793, conf, CLR, Morris 14-26HSL2,

Friday, March 5, 2021: 7 for the month, 63 for the quarter, 63 for the year.
None.

California: I Am An Island --- March 7, 2021

Most Californians are paying $4.00 / gallon for gasoline, and the driving season has not even begun, link here:

Oil supply in US, in days, looking good, link here:

Bye-bye, Bismarck, won't be missed, Washington Post, link here:
 

PGA, LPGA: most privileged, elitist sport out there. At least NASCAR has one black-owned team and Bubba. The PGA is predictable: every week, starting Thursday, ending Sunday, on multiple stations, live, and replays. Soothing talk, not much kneeling, minimal yelling, especially now with lockdowns. 

Boxing: I've never understood why progressives love this sport. Generally two BLM athletes trying to prove BLDM.

Bullish: yeah, go ahead, bet against the market; bet against the Fed; bet against YOLO; bet against FOMO, and most of all, bet against China:

Gasoline Demand -- Texas Starting To See Shortages -- Texas: Open For Business -- Three To Four Weeks Of Spring Break -- March 6, 2021

On/about February 19, 2021, I wrote:

• two weeks from now, it will all be forgotten (not to be taken out of context);
• two months from now, everything will be back to Covid-19 normal.
• so, where are we? It's not even a month later, and could one say things are back to normal? Auto traffic is more than back to normal.

From twitter:

Texas is open for business: I've never seen so much traffic in north Texas. Well, at least not since last March, 2020. They say one out of eight service stations is experiencing gasoline shortages. I posted that earlier. Officials say there should be no problem if there is no "panic buying." After reading that I went out and filled up our two automobiles. Not for me. I can ride a bike most places. But for my wife. 

1990: by the way, when they say records extend all the way back to 1990 -- that's as far back as some data tracking goes. 

Houston, TX: open for business.

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Ted Harrison