Fight's On! Israel Strikes Iranian Military Targets -- Iran Says It Won't Retalitate If Israel Only Strkes Military Targets -- Okay -- October 25, 2024

Locator: 48656B.

F-16s arrive in Middle East. Link here. And right on cue, Israel launches airstrikes on Iran, including "near" Tehran. Link here.

WTI: up moderately after airstrikes announced. Up 2.3%; up $1.59; trading at $71.78. We've seen this movie before.

**************************
Back to the Bakken

WTI: $71.78.

Active rigs: 40.

Five new permits, #41278 - #31282, inclusive:

• Operators: Hess (4); Marlo Operating
• Fields: Blue Buttes (McKenzie); Wildcat (Bowman County)
• Comments:
• Marlo Operating has a permit for a wildcat, Tosco Branch 1, SWNE 13-129-104, 
• to be sited 1618 FNL and 1576 FWL;
• Hess has permits for four BB_Rice wells, NWNW 7-150-95, 
• to be sited 273 FNL and at 1010 FWL; 1043 FWL; 1076 FWL; and 1576 FWL.

Seven permits renewed:

• Foundation Energy Management (6): five Trotter State permits in Cinnamon Creek, McKenzie County; and one Audrey permit, Beaver Creek, Golden Valley.

One producing well (a DUC) reported as completed:

• 40325, 549, Petro-Hunt, Zabolotny 144098-9C-4-3H, Billings County; at the NDIC, no production data; the well file provides no additional relevant information.

Everything, Everywhere Happening All At Once — The Non-Sequitur Edition — Newell Brands -- Rubbermaid -- Surges -- October 25, 2024

Locator: 48655ARCHIVES.

Selling in this market? Huge mistake? Name a sector that’s not participating!

Wow! Might SpaceX buy Boeing’s space division? Boeing CEO to machinists: divide and conquer.

Also:

Also, Reuters:

Ticker AAPL early morning trading:

IMF warns on widening gap between US and EU. One word: regulators.

• Europe: GPD -- stagnate at 1%;
• US: growing at 3% or better
• US consumer sentiment reported today -- awesome!

Mercedes: latest sales plunge. Plunge: down 64%. Blamed on Chinese sales.

Is Texas in play: both Harris and Trump are campaigning in Texas today. Someone running scared? Could Ted Cruz lose?

VW's Scout Division unveils new EVs.

Wow! Wow! Wow! NYSE Adopts Clark County (Las Vegas) Marriage License Business Hours -- Will Extend Weekday Trading NYSE Arca Equities To 22 Hours / Day -- October 25, 2024

Locator: 48654NYSE.

On twitter, Evan broke the story. Link here.

What is ARCA?

Since We Last Visited CLR's #16683 Has Gone AB But Critically Not Yet PA -- October 26, 2024

Locator: 48653B.

The original post: https://themilliondollarway.blogspot.com/2021/03/damn-torpedoes-full-speed-ahead.html.

The map:

Parent well:

• 16683, AB/IA/224, CLR, Federal Jorgenson 14-5H, Haystack Butte, t12/07; cum 71K 2/20; inactive since 2/20; remains off line 1/21; last consistent production 2/20;
  

Here are the twenty-three Gordon Federal "daughter" wells:

• 36107, loc-->EXP-->renewed, CLR, Gordon Federal 1-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; renewed February 22, 2021; t11/21; cum 392K 8/24;
  
• 36106, loc-->EXP-->renewed, CLR, Gordon Federal 2-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; enewed February 22, 2021; t11/21; cum 256K 8/24;
  
• 36105, loc-->EXP, CLR, Gordon Federal 3-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; t11/21; cum 303K 8/24;
  
• 36104, loc-->EXP-->renewed, CLR, Gordon Federal 4-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; renewed February 22, 2021; t11/21; cum 324K 8/24;
  
• 36103, loc-->EXP-->renewed, CLR, Gordon Federal 5-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; renewed February 22, 2021; t11/21; cum 341K 8/24;
  
• 36102, loc-->EXP, CLR, Gordon Federal 6-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; t11/21; cum 283K 8/24;
  
• 36101, loc-->EXP, CLR, Gordon Federal 7-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; bottom hole, 4-148-97; t11/21; cum 283K 8/24;
  
• 36100, loc-->EXP, CLR, Gordon Federal 8-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; t11/21; cum 288K 8/24;
  
• 36099, loc-->F/A, CLR, Gordon Federal 9-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; first production, 11/20; t--; cum 77K 12/20; cum 238K 8/24;
  
• 36098, loc-->conf-->F, CLR, Gordon Federal 10-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; producing; big well; cum 329K 8/24;
  
• 36097, loc-->conf-->F, CLR, Gordon Federal 11-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; producing; nice well; cum 281K 8/24;
  
• 36096, loc-->conf-->F, CLR, Gordon Federal 12-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; producing nice well; cum 295K 8/24;
  

• 36054, dr-->F/A, CLR, Gordon Federal 13-8H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; spud, July 30, 2019; cease drilling, October 16, 2019; bottom hole, 9-148-97; first production, 11/20; t--; cum 78K 12/20;
  
• 36055, drl-->conf, CLR, Gordon Federal 14-5H1, Haystack Butte, producing, nice well;
  
• 36056, drl-->conf, CLR, Gordon Federal 15-8H, Haystack Butte, producing, nice well;
  
• 36057, loc, CLR, Gordon Federal 16-5H1, Haystack Butte, completed 8/24;
  
• 36058, loc, CLR, Gordon Federal 17-8H, Haystack Butte, completed 8/24;
• 36059, loc, CLR, Gordon Federal 18-5H1, Haystack Butte, completed 8/24;
• 36060, loc, CLR, Gordon Federal 19-8H, Haystack Butte, completed 8/24;
• 36061, loc, CLR, Gordon Federal 20-5H1, Haystack Butte, completed 8/24;
• 36062, loc, CLR, Gordon Federal 21-8H, Haystack Butte, completed 8/24;
• 36063, loc, CLR, Gordon Federal 22-5H1, Haystack Butte, completed 8/24;
• 36064, loc, CLR, Gordon Federal 23-8H, Haystack Butte, completed 8/24;

 

CLR Continues To Report New Doe Wells; Enerplus Reports Another Great Olson Well -- October 25, 2024

Locator: 48652B.

WTI: $71.12.

Friday, October 25, 2024: 49 for the month; 49 for the quarter, 563 for the year

• 40596, conf, CLR, Doe 5-23H,
• 40213, conf, Enerplus, Olson 146-97-3-10-3H,

Thursday, October 24, 2024: 47 for the month; 47 for the quarter, 561 for the year

• 40595, conf, CLR, Doe 4-23H,
• 40590, conf, Oasis, Truax State Federal 5398 43-9 2B,
• 40220, conf, Silver Hill Energy Operating, NM 158-92-1-19-2MBH,
• 38205, conf, Petroshale, Bear chase North 3MBH,

Permian crude getting lighter: losing favor with refiners. We talked about this before. Years ago. 

RBN Energy: the Midland crude oil hug, where Permian pricing and takeaway converge. Archived.

Midland, TX, is the epicenter of the Permian Basin. As the largest crude oil hub in the region, it boasts about 20 MMbbl of crude oil storage and extensive downstream connectivity, with the ability to deliver to local refineries, Wichita Falls, Cushing, Nederland, Houston and even Corpus Christi (albeit indirectly). It’s also where Midland WTI pricing is assessed, shaping much of the broader oil market in the region and even around the world. In today’s RBN blog, we discuss why Midland is the center of it all.