DUCs -- Through February, 2024

Locator: 46820DUCS.

	Bakken
	Drilled	Completed	DUC
Dec-13	--	--	603
Jan-14	174	143	634
Feb-14	214	158	690
Mar-14	216	218	688
Apr-14	220	207	701
May-14	216	208	709
Jun-14	237	225	721
Jul-14	257	243	735
Aug-14	229	207	757
Sep-14	250	232	775
Oct-14	186	243	718
Nov-14	209	202	725
Dec-14	224	194	755
Jan-15	198	193	760
Feb-15	230	151	839
Mar-15	183	170	852
Apr-15	143	127	868
May-15	125	139	854
Jun-15	110	135	829
Jul-15	103	124	808
Aug-15	111	101	818
Sep-15	99	92	825
Oct-15	118	84	859
Nov-15	100	89	870
Dec-15	98	78	890
Jan-16	71	80	881
Feb-16	61	41	901
Mar-16	68	45	924
Apr-16	43	39	928
May-16	47	59	916
Jun-16	42	54	904
Jul-16	45	56	893
Aug-16	53	82	864
Sep-16	49	66	847
Oct-16	59	85	821
Nov-16	61	86	796
Dec-16	53	49	800
Jan-17	62	52	810
Feb-17	51	58	803
Mar-17	78	71	810
Apr-17	78	104	784
May-17	94	82	796
Jun-17	76	105	767
Jul-17	95	103	759
Aug-17	99	110	748
Sep-17	98	97	749
Oct-17	105	110	744
Nov-17	93	86	751
Dec-17	77	65	763
Jan-18	107	72	798
Feb-18	74	74	798
Mar-18	95	90	803
Apr-18	109	110	802
May-18	125	131	796
Jun-18	108	118	786
Jul-18	134	155	765
Aug-18	108	138	735
Sep-18	108	122	721
Oct-18	121	118	724
Nov-18	110	99	735
Dec-18	108	70	773
Jan-19	121	71	823
Feb-19	108	56	875
Mar-19	111	110	876
Apr-19	118	112	882
May-19	127	127	882
Jun-19	118	149	851
Jul-19	123	122	852
Aug-19	123	144	831
Sep-19	110	88	853
Oct-19	116	108	861
Nov-19	96	88	869
Dec-19	94	86	877
Jan-20	99	98	878
Feb-20	94	100	872
Mar-20	94	108	858
Apr-20	69	33	894
May-20	33	14	913
Jun-20	18	11	920
Jul-20	18	22	916
Aug-20	19	27	908
Sep-20	18	51	875
Oct-20	19	41	853
Nov-20	20	31	842
Dec-20	20	51	811
Jan-21	20	41	790
Feb-21	19	24	785
Mar-21	25	45	765
Apr-21	27	47	745
May-21	29	62	712
Jun-21	31	33	710
Jul-21	32	66	676
Aug-21	39	69	646
Sep-21	42	79	609
Oct-21	43	78	574
Nov-21	47	68	553
Dec-21	52	50	555
Jan-22	53	35	573
Feb-22	64	49	588
Mar-22	67	68	587
Apr-22	58	39	606
May-22	75	61	620
Jun-22	75	81	614
Jul-22	75	89	600
Aug-22	76	93	583
Sep-22	78	82	579
Oct-22	77	95	561
Nov-22	79	78	562
Dec-22	80	40	602
Jan-23	80	89	593
Feb-23	80	83	590
Mar-23	80	86	584
Apr-23	79	101	562
May-23	74	101	535
Jun-23	70	113	492
Jul-23	70	113	449
Aug-23	68	111	406
Sep-23	64	95	375
Oct-23	67	80	362
Nov-23	67	93	336
Dec-23	66	85	317
Jan-24	68	65	320
Feb-24	69	64	325

Clearing Off The Desk -- For The Archives -- Nothing About The Bakken -- March 21, 2024

Locator: 46819ARCHIVES.

Before we get started: all three major US equity markets post 52-week highs. Apple, plummeting, is the outlier.

• Dow: up 318 points. Trading at 39,800.
  
• NASDAQ: up 110 points. Trading at 5,254.
  
• S&P 500: up 30 points. Trading at 16,480.
  

The links and stories:

A most bizarre story, link here:

I finished the Ed Lansdale biography but will keep it on the shelf as a reference book. It's that good. My notes in draft here. 

In 1968 - 1969, my junior / senior years in high school, I had huge National Geographic maps of Vietnam hanging on the walls of the basement bedroom I shared with my brother. I updated US military activity on the maps. I was pretty "involved" with Vietnam those two years but once in college, it seemed not to be that big a deal for me personally. 

A Walk on the Wild Side, Nelson Algren. 

I was into page 50 of this book when I decided to start over, read more slowly, and really enjoy the writing and all the new words: A Walk On The Wild Side, Nelson Algren, c. 1956. In a very, very "strange" way the book connects me with Zen and the Art of Motorcycle Maintenance.

This is truly a classic. Notes will be posted here. Every page might have a word, phrase, a note that takes me down a rabbit hole. One of the first: a bitch light. And, yes, it's a thing but hard to find much on it. This was an interesting blog -- "a pioneer 'what' light" -- but this was better:

If interested, don't google "bitch light." Rather, google "bitch light" rag grease. If you do that, you will find plenty of references. 

Texas sayings: the list seems to go on forever.

USAF RC-135s. I don't quite remember what led me here. But three great links (oh, yes, now I remember -- photos from the Bitburg AB alumni group on Facebook:

• https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104498/rc-135s-cobra-ball/
• https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104495/rc-135u-combat-sent/
• https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104608/rc-135vw-rivet-joint/

I read this book last night: The Blue Zones, Dan Buettner, c. 2023. Not a recommendation. It was a gift, not something I would buy for myself. His advice for living longer, paraphrasing:

• unless you are an Adventist, drink Sardinian Cannonau wine (a red wine);
• be happy, don't worry;
• laugh, eat, and drink with family and friends, especially with your abuelitos:
• water, coffee, tea, and wine (specifically Sardinian Cannonau wine)
  
• learn to enjoy a plant-based diet; if you must eat meat, a small amount of fish;
• lots of beans;
• did I mention Sardinian Cannonau wine?
• live in the mountains, off the grid;
• wear blue denim;
• walk; lots of walking; no treadmills;
• bike; probably not in the mountains.

Most likely not a Sardinian Cannonau wine drinker: the fourth top executive of Lukoil to tie in the past two years; this one by suicide, age 54. Needs to be fact-checked. Link here and here.

Done for now. I need to bike to Total Wines and More to check out the price of Sardinian Cannonau wine.

WTI Trending Back Toward $80-Support Level -- March 21, 2024

Locator: 46818B.

As expected, DOJ anti-trust suit against Apple announced. AAPL falls about $5 / share.n [Later: mid-day trading, AAPL plummets, down $6 / share.] I am heavily over-weighted in Apple. I have a rolling 30-year investment horizon. This speaks volumes: the US government says Apple has a monopoly on smart phones. LOL. Let's see where this goes. We'll know in four to five ... years.

I agree completely with the DOJ. Apple (AAPL) would have done so much better these past several years if they would have played the game like Lego has played the game.

The US government wants to make the Apple smart phone even better, and accessible to even more folks.

WTI: $80.81.

Friday, March 22, 2024: 123 for the month; 182 for the quarter, 182 for the year
39645, conf, Oasis, Maridoe 5502 11-17 3B,

Thursday, March 21, 2024: 122 for the month; 181 for the quarter, 181 for the year
None.

 RBN Energy: supply / demand trends that spurred aa Gulf coast ethylene-to-alkylate project hold strong.

There’s always a risk when you take a new approach to doing or making something that your expectations won’t pan out — that something you hadn’t figured on happens and messes things up. But oh, the satisfaction that comes when the stars align exactly as you foresaw. The folks who developed Project Traveler, a recently completed Houston-area plant that produces high-value, octane-boosting alkylate from ethylene, isobutane and other widely available and low-cost feedstocks, know that good feeling, as we discuss in today’s RBN blog on the project’s economics.