Initial Production Data For Wells Coming Off Confidential List This Next Week -- July 23, 2023

Locator: 45181B.

The wells:

• 39473, conf,  Ovintiv USA, Newman 150-97-21-16-14H, Siverson, no production data,
• 39436, conf, Eagle Operating, V-M 5-7, Feldner Coulee, no production data,
• 39157, conf, CLR, Kiefel 4-36H, West Capa, no production data,
• 39474, conf, Ovintiv USA, Newman 150-97-21-16-2H, Siverson, no production data,
• 39158, conf, CLR, Kiefel 5-36H, West Capa, no production data,
• 39338, conf, Petro-Hunt, Mongoose 149-102-8C-5-4H, Charbonneau, no production data,
• 38686, conf, Hess, GO-Ron Viall-156-98-2513H-1, Wheelock,

Date	Oil Runs	MCF Sold
5-2023	30557	68838
4-2023	14815	28516
3-2023	12288	20309
2-2023	50361	41098
1-2023	833	686

• 39339, conf, Petro-Hunt, Arsenal Federal 149-102-17B-20-4H, Charbonneau, no production data,
• 39159, conf, CLR, Kiefel 6-36H, West Capa, no production data,
• 38948, conf, Hess, BW-Rolfson-151-98-2116H-15, Siverston

Date	Oil Runs	MCF Sold
5-2023	20325	61752
4-2023	27000	76202
3-2023	27279	61488
2-2023	47140	52551
1-2023	5673	5814

• 39475 conf, Ovintiv USA, Newman 150-97-21-16-15H, Siverston, no production data,
• 39509 conf, CLR, Vance 4-14H, Dollar Joe, no production data,
• 39476 conf, Ovintiv, Newman 150-97-21-16-6HR, Siverston, no production data,
• 39508 conf, CLR, Vance 3-14H, Dollar Joe, no production data,
• 38949 conf, Hess, BW-Rolfson-151-98-2116H-16, Siverston,

Date	Oil Runs	MCF Sold
5-2023	23122	64582
4-2023	29234	84118
3-2023	29855	70792
2-2023	55224	72883
1-2023	17683	23146

• 37178 conf, Hess, EN-Davenport-156-94-1003H-7, Big Butte,

Date	Oil Runs	MCF Sold
2-2023	2	106
1-2023	215	254

• 39507, conf, CLR, Vance 2-14H, Dollar Joe, no production data,
• 39135, conf, Iron Oil Operating, Antelope 2-33-28H, Sather Lake,

Date	Oil Runs	MCF Sold
6-2023	15020	0
5-2023	17552	16415
4-2023	17850	15214
3-2023	16980	15960
2-2023	15386	8052
1-2023	3849	0

Wells Coming Off The Confidential List This Next Week -- July 23, 2023

Locator: 45180B.

Wednesday, August 2, 2023: 3 for the month; 205 for the quarter, 460 for the year
39473, conf,  Ovintiv USA, Newman 150-97-21-16-14H,
39436, conf, Eagle Operating, V-M 5-7,
39157, conf, CLR, Kiefel 4-36H,

Tuesday, August 1, 2023: 94 for the month; 202 for the quarter, 457 for the year
None.

Monday, July 31, 2023: 94 for the month; 202 for the quarter, 457 for the year 
39474, conf, Ovintiv USA, Newman 150-97-21-16-2H,
39158, conf, CLR, Kiefel 5-36H,

Sunday, July 30, 2023: 92 for the month; 200 for the quarter, 455 for the year
39338, conf, Petro-Hunt, Mongoose 149-102-8C-5-4H,
38686, conf, Hess, GO-Ron Viall-156-98-2513H-1,  

Saturday, July 29, 2023: 90 for the month; 198 for the quarter, 453 for the year
39339, conf, Petro-Hunt, Arsenal Federal 149-102-17B-20-4H,
39159, conf, CLR, Kiefel 6-36H,
38948, conf, Hess, BW-Rolfson-151-98-2116H-15,

Friday, July 28, 2023: 87 for the month; 195 for the quarter, 450 for the year
39475 conf, Ovintiv USA, Newman 150-97-21-16-15H,

Thursday, July 27, 2023: 86 for the month; 194 for the quarter, 449 for the year 
None.

Wednesday, July 26, 2023: 86 for the month; 194 for the quarter, 449 for the year
39509 conf, CLR, Vance 4-14H,
39476 conf, Ovintiv, Newman 150-97-21-16-6HR,

Tuesday, July 25, 2023: 84 for the month; 192 for the quarter, 447 for the year
39508 conf, CLR, Vance 3-14H,
38949 conf, Hess, BW-Rolfson-151-98-2116H-16,
37178 conf, Hess, EN-Davenport-156-94-1003H-7,

Monday, July 24, 2023: 81 for the month; 189 for the quarter, 444 for the year
39507, conf, CLR, Vance 2-14H,

Sunday, July 23, 2023: 80 for the month; 188 for the quarter, 443 for the year
39135, conf, Iron Oil Operating, Antelope 2-33-28H,

Week 29: July 17, 2023 -- July 22, 2023

Locator: 45179TOP.

Top story:

• the DOW: a ten-day rally -- longest since 2017
• Bidenomics: a "Goldilocks" economy?
  
• soft landing; no recession; one more 25-bp hike?
  

Top international non-energy story:

• Russian-Ukraine war continues but it seems "no one" knows.
  
• Prigozhin -- not seen in several days;
• a critical bridge hit (again)

Top international energy story:

• 
  

Top national non-energy story:

• GOP at risk

Top national energy story: 

• US oil production averages over 12.5 million bopd for first four months of the year; latest data
• never seen before in first four months of any year in US history
• have to go back to 2019 - 2020 to see seven-month stretch, > 12.5 million bopd
• US LNG production hitting new records
• record heat, nationally
  
• Texas grid holds: easily.
  

Focus on fracking: most recent edition.

Top North Dakota non-energy story:

• 
  

Top North Dakota energy story:

• 
  

Geoff Simon's top North Dakota energy stories:

•  Quick connects.
  

Bakken economy:

Commentary:

Entertainment: Barbie; Oppenheimer.

The In-N-Out Edition -- July 22, 2023

Locator: 45178MISC.

The In-N-Out edition.

 *****************************
And Now We Get Down To Business

First things first. After a long, long, long trip to the northwest several things stand out -- more when I get back home:

• conservative, Christian, MAGA Californians continue to flee to Idaho: this may not be good;
• Utah: haven't seen such a "clean" state in years;
  
• economic activity from Utah to western Idaho: amazing
• classic country (western) music is still the best -- "classic" is the operative word;
• the US: simply the best country in the world;
• In-N-Out is not "hyped"; some may be as good; no one is better;
• one never tires of Randy Travis; but I can say that about George Jones, too, and that's about the only two;
• will this be my last hurrah?
• the trip was grueling; it's hard to imagine I hitchhiked "this" trip three times in the early 1970s
  

The Bakken: a random note from a reader that tracks this stuff very closely --

Investing:

• the next two weeks will be a huge win-win period for investors; huge; more on this later;
• ten-day rally; Dow record since 2017;
• F (Ford): maintains dividend of 15 cents;

CHIPS:

• TSM and Arizona; INTC back in the news; link here.
• ASML increases dividend, but I think they are talking quarterly dividend from same period last year; compare to previous quarter, dividend actually decreased (needs to be fact-checked)
• ASML: one of the seven in which I don't invest; doesn't meet my criteri

Re-posting:

• affirmative action; full of ironies; link here.
• US Supreme Court was wrong on this, but I have no time for such stuff

Irony:

• inflation killing off-shore wind projects:
• Massachusetts, Rhode Island;
• link here; link here;

Bakken revolution:

• this graph tells me absolutely nothing: a graph of active rigs / frack spreads since 2015; 

Dumbest politico of all time? Probably not, but I may have to add new category of posts to cover such inanity;

• link here:
• her 3 x 5 index card needs to have three data points, in round numbers:
• US crude oil production: 20 million bopd
• US crude oil demand: 13 million bopd
• US imports 7 million bopd
• that's all she needs to know

Teller on climate change: link here.

• the big question: did "The Simpsons" ever have an episode on Oppenheimer or Teller;
• it's a big question: after all, "The Simplsons" story line flows directly from the Manhattan Project
• Rolling Stone obsessed with 20-seconds of this 3-hour film; having said that, it's probably why I won’t see the movie -- LOL

Lana Del Rey!

• Rolling Stone: her 50 best songs; link here;
• how many artists even have 50 songs, much less 50 "best songs" reviewed in Rolling Stone?

*********************************
Favorite Activity

Twelve New Permits; Four DUCs Reported As Completed -- July 22 , 2023

Locator: 45177B.

Active rigs: 39.

WTI:$76.50. 

Twelve new permits, #40060 - #40071, inclusive:

• Operators: MRO (7); WPX (5)
• Fields: Killdeer (Dunn County); Heart Butte (Dunn County)
• Comments:
• MRO has permits for Coombs, Taylor, Malloy, Frye, Graves, Simpson, and Roscoe, SESE 35-146-95; 
• to be sited at 914 FLS, 915 FSL and, 916 FSL and betweeen 561 FEL and 801 FEL;
• wells of interest: #34755 (Higgins); #26015 (Rebecca); #26017 (Zimmerman); 19626 (Wardner); 17413 (Wardner); 26726, 26727, 26728, 26729 (Edwards, Herb, Walter, Jakob)
  
• WPX has permits for five SYW wells, NENW 22-149-91,
• to be sited 216 FNL, 217 FNL, 2218 FNL, 219FNL and between 2025 FWL and 2145 FWL

Four permits canceled:

• CLR: two Thorvald permits and two Cuskelly permits, all in Dunn County;

Four producing wells (DUCs) reported as completed:

• 39011, 1,294, CLR, Rhonda 5-28H,
• 39223, 44, Crescent Point Energy, CPEUSC Samples 5-24-26-159N-100WW-MBH-LL,
• 39120, 120, Crescent Point Energy, CPEUSC Szarka 5-36-25-159N-100W-MBH-LL,
• 36168, no ip test, XTO, Lavern 42X-14AXD,