Chart Of The Day -- Share Of Consumer Spending -- January 3, 2023

Locator: 46447ECON.

About three years ago it finally dawned on me why I would see all those 70+ men (and women) driving brand new luxury cars -- particularly Cadillacs.

Then I figured it out. Once my wife started receiving her social security check, it all became clear. And now, RMDs. 

Link here.

And this is why Amazon Prime Video will be the big winner when it comes to streaming. More on that later, perhaps.

And from the blog:

My favorite chart, link here.

I can pretty much assume that most of that MMF is held by 70+ folks. Or at least 55+ folks.

Stories Being Followed Today -- Part 1 -- January 3, 2023

Locator: 46446B.

Eight stories being followed today:

• EVs (again): see below.
  
• LNG / natural gas: pending.
  
• US crude oil production, 2023: pending.
  
• Canada, western shale, top oil and gas wells: pending.
  
• road to Germany: see below.
  
• respiratory illnesses, winter, US: see below.
  
• personal investing: pending 
• pet peeve: pending.
  

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EVs

Tickers (graphics at bottom of page):

• RIVN: down another 6% today
• LCID: down another 3% today
• EVGO (fast charging network): down another 6% today
• F: down almost 3% today
• GM: down 2.5% today

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Respiratory Illnesses, Winter, US

You can't stop a meme.  

Link here. Where's the data? And seasonal flu? 

Any comment on vaccination rate for RSV, pneumonia, Covid, "seasonal flu"? Nope.

The article: typical winter in California. Except for the hysteria.

It's almost as if 20-something journalists have never linked respiratory illnesses with winter.

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The Road To Germany

A constant theme on the blog.

Link here.

Germany is to see the least amount of growth out of all Eurozone countries with an expected increase of 0.8 percent, according to European Commission expectations.

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EV Tickers Today

No Wells Coming Off Confidential List Through Friday -- January 3, 2023

Locator: 46445B.

Eight stories being followed today:

• EVs (again): pending. Will be posted elsewhere.
  
• LNG / natural gas: pending. Will be posted elsewhere.
• Canada, western shale, top oil and gas wells: pending. Will be posted elsewhere.
• road to Germany: pending. Will be posted elsewhere.
• respiratory illnesses, winter, US: pending. Will be posted elsewhere.
• personal investing: pending. Will be posted elsewhere.
• gift list ideas, for next Christmas: pending. Will be posted elsewhere.

WMB: to acquire Gulf Coast natural gas storage assets for $2 billion. Acquisition from an affiliate of Hartree Partners LP. Link here.

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Back to the Bakken

WTI: $71.69 after dropping below $70 earlier this morning.

Friday, January 5, 2024: 2 for the month; 2 for the quarter, 2 for the year
None.

Thursday, January 4, 2024: 2 for the month; 2 for the quarter, 2 for the year
None.

Wednesday, January 3, 2024: 2 for the month; 2 for the quarter, 2 for the year
None.

RBN Energy: more on what happens behind the scenes in gas pipeline rate cases.

Folks not directly involved in the FERC’s rate-setting process for interstate gas pipelines may think it’s a largely mechanical — and painfully boring — activity. But the process is actually often incredibly dynamic, with a lot of give-and-take among pipeline representatives, pipeline customers and FERC staffers, all aimed at reaching an agreement on rates that everyone involved can live with. We recently explained the “formal process” and (informal, confidential) “settlement process” that usually play out along parallel tracks. In today’s RBN blog, we expand on our look at the rate-setting process for gas pipelines with a few more nuances of how negotiated resolution really works.

What We're Going To Be Talking About Tomorrow! LNG -- But Tonight -- Female Drummers -- January 2, 2023

Locator: 46444MUSIC.

Link here.

First female drummer listed -- 

Two New Permits, One Permit Renewed, Eight DUCs Reported As Completed — January 2, 2024

Locator: 46443B.

WTI: $70.38. Big drop from the overnight high. Apparently the consensus is that the US Navy will take control of the sea lanes. Again.

Active rigs: 34.

Two new permits, #40417 - #40418, inclusive:

• Operator: Oasis
• Field: Indian Hiss (McKenzie County)
• Comments: 
• Oasis has permits for two Fossum wells, SWSE 35-153-101; 
• to be sited 335 FSL with one well 2237 FEL and the other well 2171 FEL.

One permit renewed:

• BR, an Ole permit, Haystack Butte, McKenzie County.

Eight producing wells (DUCs) reported as completed:

• 36745, 356, XTO, FBIR Lawrence 24X-26EXH, Heart Butte, see maps below;
  
• 36746, 543, XTO, FBIR Lawrence 24X-26F, Heart Butte, see maps below;
  
• 39100, 4,901, MRO, Dennis USA 44-5H, Lost Bridge,
  
• 39101, 3,790, MRO, Velma USA 44-5TFH, Lost Bridge,
  
• 39216, 314, SOGC, Grasslands Federal 14-15-4H,
  
• 39217, 420, SOGC, Grasslands Federal 14-15-5H,
• 39412, 2,935, MRO, Huseby 21-17H, Killdeer, see maps below;
  
• 39828, 2,043, MRO, Leona 21-17H, Killeer, see maps below;
  

For the MRO wells in Killdeer oil field, there are many wells of interest, which I will get to later, if the spirit moves me. For now, the maps:

For the XTO wells in Heart Butte (FBIR), the maps:

The Bakken never ceases to amaze me. The well:

• 39100, 4,901, MRO, Dennis USA 44-5H, Lost Bridge, drilled 8/23; cum 164K 11/23;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	19536	19533	13088	50863	50615	66
BAKKEN	10-2023	28	23419	23451	18128	41201	40950	81
BAKKEN	9-2023	30	46191	46423	29404	65518	64553	765
BAKKEN	8-2023	28	75181	74740	65433	101103	99522	1315

The maps of the MRO wells in Lost Bridge noted above: