Locator: 48668LITHIUM.
Lithium in Nevada (Elon Musk): from last week.
Pretty hilarious.
Today, link here.
Texas: home of so much lithium we'll never run out!
Locator: 48667B.
Israel: having spent a lot of time over the weekend reading the various reports and the social media response, one really gets the feeling that armchair analysts -- professional and amateur -- have no idea how big a story that the Israeli response was.
One hundred aircraft, most of them older model fighters (F-16s and F-15s) and only a few stealthy fighters, slow-moving tankers, and I assume AWACS, and telegraphing Iranians and Washington, DC, the attack was about to come, and not one a/c was lost. Surgical strikes and not hitting oil and nuclear sites per Biden's demand. And from what I can tell, Iran's entire air defense system was taken out.
WSJ: link here. Actually we've seen this movie before. Nominees for the annual Geico Rock Award: Daniel Michaels, Rajesh Roy.
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Back to the Bakken
WTI: $67.75.
Tuesday, October 29, 2024: 58 for the month; 58 for the quarter, 572 for the year
Monday, October 28, 2024: 55 for the month; 55 for the quarter, 569 for the year
Sunday, October 27, 2024: 53 for the month; 53 for the quarter, 567 for the year
Saturday, October 26, 2024: 52 for the month; 52 for the quarter, 566 for the year
RBN Energy: Chevron trimming non-core assets in advance of closing on Hess deal. Archived.
The multibillion-dollar acquisitions that have become almost routine in the upstream sector the past few years are typically accompanied by asset rationalization — in other words, a thoughtful look at which elements of the pro forma company make sense followed by the divestiture of those that don’t. In many cases, a key aim of that rationalization process is trimming any debt associated with the acquisition itself. In today’s RBN blog, we’ll discuss the big steps Chevron has been taking to rework its portfolio — and sell off up to $15 billion in assets — as it inches toward closing on its $60 billion purchase of Hess Corp.
ExxonMobil’s $64.5 billion acquisition of Pioneer Natural Resources ($59.5 billion in stock plus the assumption of $5 billion of Pioneer debt), which closed in May, may be the biggest individual upstream deal ever. But when you add ’em up, Chevron’s M&A hat trick — Noble Energy ($13 billion; closed in October 2020), PDC Energy ($7.6 billion; closed in May 2023) and, most recently, Hess Corp. ($60 billion; closing sometime next year) — gives the second-largest descendant of Standard Oil bragging rights as the #1 upstream acquirer in recent history, with deals totaling more than $73 billion, including the assumption of a combined $17.5 billion of debt.
Locator: 48666ISRAEL.
Israel: having spent a lot of time over the weekend reading the various reports and the social media response, one really gets the feeling that armchair analysts -- professional and amateur -- have no idea how big a story that the Israeli response was.
One hundred aircraft, most of them older model fighters (F-16s and F-15s) and only a few stealthy fighters, slow-moving tankers, and I assume AWACS, and telegraphing Iranians and Washington, DC, the attack was about to come, and not one a/c was lost. Surgical strikes and not hitting oil and nuclear sites per Biden's demand. And from what I can tell, Iran's entire air defense system was taken out.
Unit 669: link here.
WTI: plunging today. Speaks volumes about the Israeli surgical strikes.
The market: maybe armchair analysts -- professional and amateur -- don't get it, but investors (and traders) certainly do. Look at futures.
McDonald's: I like the decisiveness of the CEO. Doesn't wait to make a decision once the "all-clear" is given. Good for them. Link here. Screenshot below from CNBC.
NVDA, link here:
Presidential election: everything suggests that a lot of folks on either side of the aisle are going to be very, very, very disappointed. The other story is how "scared" a lot of CEOs appear to be with the thought of a Harris presidency.
Locator: 48665B.
The wells:
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 10904 | 10229 |
| 7-2024 | 11494 | 10676 |
| 6-2024 | 16670 | 14705 |
| 5-2024 | 34157 | 42825 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 16620 | 25107 |
| 7-2024 | 16774 | 23537 |
| 6-2024 | 13489 | 14564 |
| 5-2024 | 26714 | 2464 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 4888 | 19468 |
| 7-2024 | 6658 | 19859 |
| 6-2024 | 7690 | 15919 |
| 5-2024 | 9434 | 15597 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 38759 | 57256 |
| 7-2024 | 44955 | 90947 |
| 6-2024 | 49038 | 107738 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 33478 | 49286 |
| 7-2024 | 39200 | 64645 |
| 6-2024 | 63354 | 78076 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 3051 | 0 |
| 7-2024 | 3070 | 0 |
| 6-2024 | 4491 | 0 |
| 5-2024 | 5 | 0 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 24724 | 41893 |
| 7-2024 | 32984 | 54086 |
| 6-2024 | 15267 | 19398 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 17802 | 22968 |
| 7-2024 | 22825 | 32215 |
| 6-2024 | 22395 | 25615 |
| 5-2024 | 143 | 0 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 8399 | 13017 |
| 7-2024 | 15668 | 17942 |
| 6-2024 | 16243 | 23540 |
| 5-2024 | 19073 | 27623 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 8399 | 13017 |
| 7-2024 | 15668 | 17942 |
| 6-2024 | 16243 | 23540 |
| 5-2024 | 19073 | 27623 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 13353 | 18320 |
| 7-2024 | 22213 | 30376 |
| 6-2024 | 20271 | 29069 |
| 5-2024 | 22740 | 32400 |
| 4-2024 | 1280 | 1898 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 14369 | 17936 |
| 7-2024 | 15280 | 18877 |
| 6-2024 | 18580 | 24522 |
| 5-2024 | 27869 | 36961 |
| 4-2024 | 18 | 11 |
Locator: 48664B.
Wednesday, November 6, 2024: 9 for the month; 69 for the quarter, 583 for the year
40310, conf, Hess, EN-Rice A-155-9400310H-8,
Tuesday, November 5, 2024: 8 for the month; 68 for the quarter, 582 for the year
40639, conf, CLR, Vandeberg 6-35H,
40309, conf, Hess, EN-Rice A-155-9400310H-7,
Monday, November 4, 2024: 6 for the month; 66 for the quarter, 580 for the year
None.
Sunday, November 3, 2024: 6 for the month; 66 for the quarter, 580 for the year
40640, conf, CLR, Christopherson 7-14H,
Saturday, November 2, 2024: 5 for the month; 65 for the quarter, 579 for the year
40641, conf, CLR, Vandeberg 7-35HSL,
39639, conf, Hess, TI-State-LN-158-95-3635H-1,
Friday, November 1, 2024: 3 for the month; 63 for the quarter, 577 for the year
40293, conf, Grayson Mill, Hovland 26-35 5H,
40291, conf, Grayson Mill, Hovland 26-35 XW 1H,
40246, conf, Empire North Dakota LLC, Pike 32-6 1H,
Thursday, October 31, 2024: 60 for the month; 60 for the quarter, 574 for the year
None.
Wednesday, October 30, 2024: 60 for the month; 60 for the quarter, 574 for the year
40217, conf, Enerplus, Olson 146-97-3-10-7H,
40209, conf, Grayson Mill, Hovland 26-35 6H,
Tuesday, October 29, 2024: 58 for the month; 58 for the quarter, 572 for the year
40592, conf, Oasis, Truax State Federal 5398 43-9 5B,
26450, conf, Grayson Mill, Hovland 150-99-26-35-4H,
26449, conf, Grayson Mill, Hovland 150-99-26-35-3H,