Tuesday, January 17, 2023

Director's Cut -- Of The Three Big US Shale Plays Only One Has Up Arrows For The January, 2023, Dashboards -- Director's Cut: October, 2022, Data

Link here.

Director's Cuts are tracked here.

October, 2022, data posted. 

Record.

Wells offline for operational purposes tracked here. 

North Dakota oil production: 1,121,754 bopd.   

Director's Cut --  October, 2022, data.

Wells, November data:

  • waiting on completions:
    • October: 489
    • November: 447
  • inactive:
    • October: 1,868
    • November: 2,271
  • completed:
    • October: 54 (preliminary)
    • November: 58 (preliminary)
    • December: 104 (preliminary) RF+100%
  • producing:
    • October: 17,791
    • November: 17,563 (new, all-time high, 17,791 -- 10/2022

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The Dashboards 

Updated for January, 2023, data. 

EIA dashboards:

Bakken:

Eagle Ford:

Permian:

The Apple Page -- Whoo-Hoo! January 17, 2023

Updates

January 18, 2023: sleuthing suggests all the products released over the weekend / yesterday, Tuesday  caught everyone by surprise; it looks like these products were supposed to be released last fall (October, 2022) but caught up in China supply problems.

Later, 8:01 p.m. CT: the Apple announcements today were huge. Really huge. I'm not sure if the mainstream media knows how big these stories were on so many levels. Two links of importance;
2024 MacBook Pro models to feature 3mm M3 Pro and M3 Max chips; and the 2024 Mac Mini. The timelines are particularly interesting -- if I get the chance I'll explain just how interesting the announcements were. And, of course, this is on top of the huge Apple story from last Friday (January 14, 2023).

Later, 2:48 p.m. CT: I'm now watching the new 20-minute Apple ad for the 3rd time. They had me at "52 apps open at one time" but just had to watch it all again. As I've said many, many times, I don't care about Apple, INC with regard to AAPL. I'm simply blown away by the technology, the culture, and the business model. 

Later, 2:06 p.m. CT: today on YouTube a barrage of Apple commercials, introducing the new, revolutionary M2 Mac Mini and MacBook Pro. More than ever I know I am correct with my thoughts about the southern surge. So many dots to connect. I will eventually find the new 20-minute Apple ad; when I do, I will link it.

Later, 2:01 p.m. CT: the M2 MacMini announcement. MacBook Pro. The "old Mac Mini": $899.

The brand new MacMini? $599. Talk to me about inflation again.

Original Post 

The Dow falls 300 points and AAPL is UP.  

Revolutionary. Simply leapfrogging the competition. 

Apple made so many announcements today, impossible to keep up. Go to MacRumors, a dynamic link.

Link here. 

Wow, this was a surprise.

Intel: sayonara. Apple has removed the Intel Mac Mini from lineup.

Data points:

  • the new M2 Pro chip:
    • a 10-core or 12-core CPU
      • up to 20% faster performance than the M1 Pro chip
    • also a 19-core GPU that delivers up to 30% more graphics performance (target: Nvidia)
  • higher-end M2 Max chip
    • an improved 12-core CPU with up to eight high-performance and four high-efficiency cores
      • delivers up to 20% faster performance than the M1 Max chip
    • has up to a 38-core GPU
  • with the new M2 Max chip, the new MacBook Pro is now up to 6x faster than the fastest Intel-based MacBook Pro
  • much, much more at MacRumors. 

Huge.

*********************************
Background

Investors.

AAPL: link here.

Chips, semiconductor: link here.

GS Earnings -- On Anyone's Bingo Card Today? January 17, 2023

Investing, earnings:

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Pre-Market

WTI: $80.46.

  • DVN: up one-half percent; yields over 8%;
  • PSX: flat at $103
  • PXD: up slightly in pre-market trading; yields 11%; P/E less than 9; my goodness, what do investors want? LOL. 

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.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.   

GS: down almost $10/share; down over 2.5%; opening could be around $365.

Hydrogen -- January 17, 2023

RBN Energy: the secret list of survivors of DOE's hydrogen hub cutdown. Archived.

Note: before getting started, unless I missed it, RBN Energy did not include "blue hydrogen project in the Bakken."

The U.S. has committed billions of dollars over the last couple of years to clean-energy initiatives, everything from advanced fuels and carbon-capture technology to renewable energy and electric vehicles. The “all-of-the-above” approach also includes clean hydrogen, whose development the U.S. Department of Energy (DOE) has deemed crucial to meeting the Biden administration’s goals of a 100% clean electric grid by 2035 and net-zero carbon emissions by 2050.

As part of its efforts, the U.S. plans to provide generous financial support for the buildout of several hydrogen hubs — initial concept papers were submitted last year by dozens of applicants for the federal largesse, and the DOE recently provided formal “encouragement” to 33 proponents to submit a full application this spring, in what amounts to an informal cutdown, but declined to name them.

In today’s RBN blog, we examine the 18 projects we’ve been able to identify that survived the trimming, what they tell us about the selection process, and how it compares to our previous expectations.

Location, location, location: We’ve long thought that the Gulf Coast was a natural choice for a hydrogen hub.
Of the 18 projects we’ve identified to date that were encouraged to submit a full application, at least three of them are in Texas or include Texas. The standout among them may be the HyVelocity Hub proposal for a hydrogen network along the Gulf Coast in Texas and Louisiana, a region that already has an impressive array of hydrogen production, pipeline and storage assets — not to mention natural gas supply, wind farms, solar facilities, carbon-sequestration potential, and scores of hydrogen end-users.
The founding proponents of the HyVelocity Hub include the Center for Houston’s Future, GTI Energy, Chevron, Air Liquide and the University of Texas at Austin.
Along those lines, a plan put forward by the Port of Corpus Christi has similar strengths. The Corpus Christi area — including Ingleside, just across the bay — appears to have all the makings of becoming a cost-effective, scalable hydrogen hub. Among other things, there are large tracts of land (much of it owned by the Port of Corpus Christi) that could be used for clean hydrogen (and clean ammonia) production, hydrogen/ammonia storage, and carbon dioxide (CO2) sequestration, as well as a plethora of marine terminals that could be expanded to export ammonia. Ammonia, which contains a lot of hydrogen, is an efficient carrier — or “suitcase molecule” — for transporting hydrogen by ship. (A third Texas plan focuses on Permian natural gas.

Tuesday -- A Short Week -- WTI With An 8-Handle -- Whoo-Hoo! Count Your Blessings -- January 17, 2023

Amazing: and I understand despite / in spite of provocateurs. From The LA Times:

Covid: ‘Tripledemic’ anxiety has LAUSD parents pleading for mask mandate.

Many Los Angeles parents are navigating another troubling winter of health worries, as COVID-19, flu cases and respiratory syncytial virus, or RSV, continue to circulate.
Among many low-income or multifamily households, a contagious virus threatens both their child and their financial stability.
A group of families, largely Spanish-speaking parents from East and South Los Angeles, is now asking L.A. Unified for mandatory masking and to re-establish on-campus weekly coronavirus testing.
They have not yet received a direct response from the district. But at a January 9, 2023, news conference, Supt. Alberto Carvalho took on what he referred to as “misinformation, disinformation, confusion and unwarranted fear.”

Long essay on poverty in California. Link here. Count your blessings.

Links: if anyone is interested.

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Back to the Bakken

The Far Side: link here.

Active rigs: link here.

WTI; $80.18.

Natural gas: $3.712.

Wednesday, January 25, 2023: 58 for the month; 58 for the quarter, 58 for the year
39048, conf, CLR, Kelling 8-4H,
39000, conf, Hunt, Alexandria 161-100-24-13H-5,
38867, conf, Prima Exploration, Yogi Bear State 3H,
34525, conf, Slawson, Armada Federal 7-14-18H,

Tuesday, January 24, 2023: 54 for the month; 54 for the quarter, 54 for the year
38999, conf, Hunt, Alexandria 161-100-24-13H-3,
38889, conf, Koda Resources, Stout 2918-3BH,
38888, conf, Koda Resources, Stout 2918-4BH,

Monday, January 23, 2023: 51 for the month; 51 for the quarter, 51 for the year
38998, conf, Hunt, Alexandria 161-100-24-13H-3,
38997, conf, Slawson, Blizzard Federal 1-13H,
38732, conf, Hess, EN-Neset-156-94-1819H-1,
31325, conf, Oasis, Slagle 5101 41-12 2B,

Sunday, January 22, 2023: 47 for the month; 47 for the quarter, 47 for the year
None.

Saturday, January 21, 2023: 47 for the month; 47 for the quarter, 47 for the year
39012, conf, Kraken, Wilhelm 16-21 5H,
30868, conf, Prima Exploration, Smokey Bear State 3H,
27898, conf, CLR, Jersey FIU 15-6H,

RBN Energy: the secret list of survivors of DOE's hydrogen hub cutdown. Archived.

Two links (previously posted) regarding a hydrogen hub proposal in North Dakota at this post but not discussed in the RBN Energy update.

The U.S. has committed billions of dollars over the last couple of years to clean-energy initiatives, everything from advanced fuels and carbon-capture technology to renewable energy and electric vehicles. The “all-of-the-above” approach also includes clean hydrogen, whose development the U.S. Department of Energy (DOE) has deemed crucial to meeting the Biden administration’s goals of a 100% clean electric grid by 2035 and net-zero carbon emissions by 2050.

As part of its efforts, the U.S. plans to provide generous financial support for the buildout of several hydrogen hubs — initial concept papers were submitted last year by dozens of applicants for the federal largesse, and the DOE recently provided formal “encouragement” to 33 proponents to submit a full application this spring, in what amounts to an informal cutdown, but declined to name them.

In today’s RBN blog, we examine the 18 projects we’ve been able to identify that survived the trimming, what they tell us about the selection process, and how it compares to our previous expectations.

Location, location, location: We’ve long thought that the Gulf Coast was a natural choice for a hydrogen hub.
Of the 18 projects we’ve identified to date that were encouraged to submit a full application, at least three of them are in Texas or include Texas. The standout among them may be the HyVelocity Hub proposal for a hydrogen network along the Gulf Coast in Texas and Louisiana, a region that already has an impressive array of hydrogen production, pipeline and storage assets — not to mention natural gas supply, wind farms, solar facilities, carbon-sequestration potential, and scores of hydrogen end-users.
The founding proponents of the HyVelocity Hub include the Center for Houston’s Future, GTI Energy, Chevron, Air Liquide and the University of Texas at Austin.
Along those lines, a plan put forward by the Port of Corpus Christi has similar strengths. The Corpus Christi area — including Ingleside, just across the bay — appears to have all the makings of becoming a cost-effective, scalable hydrogen hub. Among other things, there are large tracts of land (much of it owned by the Port of Corpus Christi) that could be used for clean hydrogen (and clean ammonia) production, hydrogen/ammonia storage, and carbon dioxide (CO2) sequestration, as well as a plethora of marine terminals that could be expanded to export ammonia. Ammonia, which contains a lot of hydrogen, is an efficient carrier — or “suitcase molecule” — for transporting hydrogen by ship. (A third Texas plan focuses on Permian natural gas.