Sunday, May 26, 2024

ERCOT --Wind Will Be The Limiting Factor Later This Evening -- May 26, 2024

Locator: 47182ERCOT.

Link here. 

Generally speaking, as the sun goes down in Texas, the wind picks up, providing the extra "kick" needed to meet demand going into the evening. Tonight, it looks like wind could be a limiting factor. Texas electricity demand won't exceed supply but cost will be exorbitant as the spread narrows in the early evening.

California's Central Valley Bullet Train Update -- May 26, 2024

Locator: 47181THECOMICPAGE.

  • tag: bullet train, Tulare Lakebed, Corcoran,

Updates:

Link here. May 5, 2024, so, it's a fairly recent update.

At the link, some great photos and narrative:

The California High Speed Rail Authority shared an update on the Fresno River Viaduct in Madera County last week, proudly saying it was one of the 'first completed high-speed rail structures.'
The tweet did not get the reaction officials were hoping for with Elon Musk and Dogecoin creator Billy Markus piling in to mock the project.
The Viaduct has taken nine years to build and has cost taxpayers $11 billion as part of the state's long-delayed, bullet-train plan attempting to link San Francisco to Los Angeles.
Commenting on photos showing the bridge stopping at only 1,600ft long with either end floating unconnected in the air, Markus tweeted: 'This is the most remarkable human achievement ever.'
Sharing the rail authority's tweet he added: '1600 feet of high speed rail after 9 years and 11 billion dollars it takes about 5 minutes to walk 1600 feet so a high speed rail for that is a really big deal.'
He added: 'Wow so impressive, can’t wait until year 2400 for this to finish for 700 quadrillion dollars.'
Musk then chimed in, adding a crying face emoji.
The high speed railway project has been beset by delays and setbacks. So far $11billion of taxpayer money has been sunk into the scheme which aims to connect Los Angeles to San Francisco. The figure includes work on controversial Fresno bridge and a section which runs from Bakersfield to Merced, which is about 80 miles from the Bay Area.
It will take an estimated $100billion more to finish the project and link San Francisco to Los Angeles with many calling for the project to be scrapped.

 The floating viaduct:

What's really cool about this: the disconnect between engineer thinking and banking CEO thinking:

  • engineers could / couldn't care less about the cost; it's the engineering feat that marvels
  • the banking CEO: are you kidding me? $11 billion for a bridge to nowhere.

See Wes Anderson's Asteroid City for more on this.

*********************************
Re-Posting

One of my better posts on the Bullet Train, California

Locator: 44699CA.

Locator: 44461BT. 

Updates

May 20, 2023: California to open relief valves to mitigate Lake Tulare flooding. 

The intertie functions like a gated alley connecting two much larger streets. On one side lies a stretch of the Kern River called the Buena Vista Channel, and on the other is the California Aqueduct, a simple name for a complex system of tunnels and pipelines that transports water from Northern California and the Sierra to the state's arid central and southern expanses.

Original Post

I don't know if folks remember this, but if you do, hold that thought. This was the huge Red River flood of Grand Forks back in 1997. Photo link here.

Fast forward.

Out in California, The Los Angeles Times reports on something similar facing Tulare, California, central valley, northwest of Los Angeles, northwest of Bakersfield. Tulare Lake is back. See also the blog of June 24, 2017.

This story may or may not be behind a paywall. I was able to access it without difficulty.

The flooding has only recently begun and is expected to last at least two more years, assuming I read the article correctly, which seems correct because the state is working on a plan to raise the existing earth dikes another 3.5 feet.

What the flood plain looks like on the map:

Why this story is of interest? Not so much what was reported but what was not reported.

The California Bullet Train.

Link here.

The map from the state of California:

Going back to the earlier map:

Note: this is the easy part of the bullet-train-rail -- flat. No tunnels. No mountains. No major river crossings. Just absolutely flat.

And flooded.

The good news: they can put 12-foot dikes on either side / both sides of the rails.

The bullet train is tracked (no pun intended) here.

***************************
Current Cost / Funding Status

Link here.

 

What's In Store -- Today, This Week -- May 26, 2024

Memorial Day Monday

Pending:

  • Bud, Mulvaney
  • deflation
  • air travel
  • Lego

The comics, Sunday morning, update here:

A bit farther out, but huge story: 

*********************************
Anticipation

Events to watch this week (investing):

  • economic calendar
    • GDP
    • GDPNow, link here: May 24, 2024 -- estimate at 3.5, down from 3.6 on May 16, 2024
  • earnings calendar
    • COST


  • dividend announcements

Initial Production For Wells Coming Off Confidential List This Next Week -- May 26, 2024

Locator: 47179B.

The wells: 

  • 40278, conf, CLR, Cuskelly 5-7H, Rattlesnake Point, npd,
  • 40245, conf, Empire North Dakota, Walleye 32-8 1H, Starbuck, npd,
  • 39387, conf, BR, Watchman Peak 2-8-11TFH, Westberg, npd,
  • 38057, conf, Oasis, Wood 5498 12-25 4B, Truax,
DateOil RunsMCF Sold
3-202418756626

  • 39386, conf, BR, Watchman Peak 3-8-11MBH, Westberg, npd,
  • 40186, conf, CLR, Sloan 7-8H, Jim Creek, npd, 
  • 39654, conf, Hess, GO-Bergstrom-156-98-2734H-2, Wheelock,
DateOil RunsMCF Sold
3-20241871934471
2-20241240517295
1-20242778133305
12-2023470529417
  • 39385, conf, BR, Watchman Peak 4-8-11TFH, Westberg, npd,
  • 40185, conf, CLR, Sloan 6-8H, Jim Creek, npd,
  • 39384, conf, BR, Devils Backbone 1B UTFH, Westberg, npd,
  • 39327, conf, Hunt Oil, Alexandria 161-100-22-15H 4, Alexandria,
DateOil RunsMCF Sold
3-2024109705326
2-202496983890
1-2024105663652
12-202391753456

  • 39655, conf, Hess, GO-Bergstrom-156-98-2734H-3, Wheelock,
DateOil RunsMCF Sold
3-20241628332970
2-20242094947417
1-20241838449679
12-202333769102278
  • 40184, conf, CLR, Sloan 5-8H, Jim Creek, npd,
  • 39383, conf, BR, Devils Backbone 3A UTFH, Westberg, npd,
  • 39326, conf, Hunt, Alexandria 161-100-22-15H3, Alexandria,
DateOil RunsMCF Sold
3-2024145076616
2-2024135355120
1-2024139974527
12-2023134774388
11-20230158
  • 40283, conf, Eagle Operating, Wade 5-11, Feldner Coulee, npd,
  • 39382, conf, BR, Devils Backbone 3B MBH, Westberg, npd,
  • 39577, conf, Prima Exploration, Elzy Lay 1H, Ft. Buford, npd,
  • 39568, conf, Prima Exploration, Elzy Lay 2H, Ft. Buford, npd,
  • 39381, conf, BR, Devils Backbone 3C UTFH, Westberg, npd,

Wells Coming Off Confidential List This Next Week -- May 26, 2024

Locator: 47178B.

Wednesday, June 5, 2024: 54 for the month; 118 for the quarter, 317 for the year
40278, conf, CLR, Cuskelly 5-7H,
40245, conf, Empire North Dakota, Walleye 32-8 1H,
39387, conf, BR, Watchman Peak 2-8-11TFH,
38057, conf, Oasis, Wood 5498 12-25 4B,

Tuesday, June 4, 2024: 50 for the month; 114 for the quarter, 313 for the year
39386, conf, BR, Watchman Peak 3-8-11MBH,

Monday, June 3, 2024: 49 for the month; 113 for the quarter, 312 for the year
None.

Sunday,  June 2, 2024: 49 for the month; 113 for the quarter, 312 for the year
40186, conf, CLR, Sloan 7-8H,
39654, conf, Hess, GO-Bergstrom-156-98-2734H-2,
39385, conf, BR, Watchman Peak 4-8-11TFH,

Saturday, June 1, 2024: 46 for the month; 110 for the quarter, 309 for the year
40185, conf, CLR, Sloan 6-8H,
39384, conf, BR, Devils Backbone 1B UTFH,
39327, conf, Hunt Oil, Alexandria 161-100-22-15H 4,

Friday, May 31, 2024: 43 for the month; 107 for the quarter, 306 for the year
None.

Thursday, May 30, 2024: 43 for the month; 107 for the quarter, 306 for the year
39655, conf, Hess, GO-Bergstrom-156-98-2734H-3,

Wednesday, May 29, 2024: 42 for the month; 106 for the quarter, 305 for the year
40184, conf, CLR, Sloan 5-8H,
39383, conf, BR, Devils Backbone 3A UTFH,
39326, conf, Hunt, Alexandria 161-100-22-15H3,

Tuesday, May 28, 2024: 39 for the month; 103 for the quarter, 302 for the year
40283, conf, Eagle Operating, Wade 5-11,

Monday, May 27, 2024: 38 for the month; 102 for the quarter, 301 for the year
39382, conf, BR, Devils Backbone 3B MBH,

Sunday, May 26, 2024: 37 for the month; 101 for the quarter, 300 for the year
39577, conf, Prima Exploration, Elzy Lay 1H,
39568, conf, Prima Exploration, Elzy Lay 2H,

Saturday, May 25, 2024: 35 for the month; 99 for the quarter, 298 for the year
39381, conf, BR, Devils Backbone 3C UTFH,