The Oasis Lawler Wells In North Tobacco Garden Have Been Updated -- January 30, 2019

The wells are tracked here.

This page won't be updated.

These wells are really nice wells. One example:

• 31645, 548, Oasis, Lawlar N 5199 44-23 12TX,  North Tobacco Garden, t8/17; cum 211K 11/18;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2018	30	4453	4498	9189	41433	37154	3799
BAKKEN	10-2018	31	5714	5699	10509	45229	43680	1053
BAKKEN	9-2018	30	5560	5253	10487	45404	31856	13068
BAKKEN	8-2018	31	6564	6578	11783	40693	178	40019
BAKKEN	7-2018	31	7308	7294	13453	41186	26873	13817
BAKKEN	6-2018	30	7794	7794	14116	42112	22597	19035
BAKKEN	5-2018	31	8868	8868	15543	54852	44901	9455
BAKKEN	4-2018	30	10710	10710	17317	61315	38709	22126
BAKKEN	3-2018	31	16689	16891	19743	67003	56837	9670
BAKKEN	2-2018	28	17908	17706	21257	39964	31062	8454
BAKKEN	1-2018	31	34830	34988	32775	49755	49259	0
BAKKEN	12-2017	24	14506	14348	16808	27167	20944	5839
BAKKEN	11-2017	30	19140	19140	24380	40950	33979	6491
BAKKEN	10-2017	31	26668	26668	33474	49043	47334	1213
BAKKEN	9-2017	27	18558	18569	30061	30061	29005	624
BAKKEN	8-2017	25	5410	5399	19579	11500	11068	0

Another Fortune 500 Company Moves To DFW Area -- January 30, 2019

Old news. I completely missed it. A reader sent me the story.

McKesson -- a Fortune 500 company -- has moved its headquarters from San Francisco to Dallas.

McKesson topped the the list of largest San Francisco-based companies, based on revenue. McKesson ranks No. 6 on the Fortune 500. The second-largest San Francisco-based company, based on revenue, is Wells Fargo, which is exempt from the city’s gross receipts taxes, as required by state law. The city declined to identify specific companies that get the exemption.

Third on the list of largest San Francisco-based companies is payments giant Visa, which moved its headquarters officially to One Market St. several years ago. Visa did not respond to a question on whether it’s subject to the city’s gross receipts taxes.

Sounds errily like Toyota North America moving its headquarters from Los Angeles to Plano, on the north side of DFW.

As I've said many times on the blog, I've never seen so much construction as I'm seeing on the north side of DFW.

Link here to the McKesson story; and, here. Because of other things going on in San Francisco (like tech and Silicon Valley) and the size of Los Angeles, I doubt either city will miss one or two big companies. But the reader notes that a city like Portland, OR, can hardly afford the loss of (m)any downtown businesses. And it's our shared belief that Portland is looking to San Francisco for guidance on how to "run" a city.

By the way, no wonder Warren Buffett likes Wells Fargo: the company is exempt from San Francisco's gross receipts taxes. Wow, what a deal.

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AAPL vs TSLA

Tesla and Apple both reported in the last 24 hours: Apple, Inc.,  reported yesterday; Tesla reported today. Apple looks stronger than ever. Tesla? The tea leaves suggest 2019 will be "the year," one way or the other.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

Note: I am the original Apple Fanboy. Fanboy #3 to be exact.

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We Can See Clearly Now

Tesla - 4Q18 Earnings -- Pretty Big Miss On EPS But At Least Profitable

Updates

January 31, 2019: Elon must have been unhappy with how the earnings call was handled. LOL. From Bloomberg this morning: Tesla's bombshell CFO exit spoils pivot to more sober Musk.  

Elon Musk appeared to be putting the days of unpredictability in the rearview mirror. Then he spooked Tesla Inc. investors with another surprise executive exit.

The chief executive officer vowed on an earnings call to cut costs and manage Tesla’s cash as it enters a slower-growth period. Instead of madcap Musk, investors heard from a more measured CEO who had just missed analysts’ estimates for quarterly profit. He even made multiple mentions of the possibility there could be a recession.

But after all the talk of tougher times and tightening the wallet, Musk’s penchant for blindsiding shareholders reemerged. With mere minutes left on the call, he revealed Chief Financial Officer Deepak Ahuja will retire a second time, reinforcing Tesla’s reputation for having an active revolving door of top executives. 

The electric-car maker’s shares dropped as much as 2.8 percent shortly after the open of regular trading Thursday.

“The CFO’s surprise retirement just adds to a wave” of recent departures, said Michael Dean, an analyst with Bloomberg Intelligence.

Original Post

Link here.

• shares were up almost 4% during the day; some profit-taking after hours, down 1%
• earnings/revenue
• quarterly revenue: topped expectations - $7.23 billion vs $7.12 billion
• EPS: missed - $1.93 vs $2.20
• debt
• $1.5 billion in convertible debt that matures this year
• almost another $1 billion due for repayment in March, 2019
• says it will be able to meet the March, 2019, payment
• reports $3.7 billion in cash / cash equivalents at the end of 4Q18
• says it will be profitable in every quarter in 2019

See graphics from November 22, 2017 to put the numbers above in some context. Compare the earlier EPS losses with those most recently:

• 4Q16: - 74 cents
• 1Q17: -$2.04
• 2Q17: -$2.03
• 3Q17: -$3.73
• 4Q17: -$4.03
• 1Q18: -$4.19
• 2Q18: -$4.23
• 3Q18: +$1.86
• 4Q18: +$1.93

Free cash flow through 2Q18.

Most recent data available for free cash flow.

We should know later the free cash flow as of the end of December, 2018, later this evening.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here. 

Number Of Active Rigs Holding Steady Through The Polar Vortex -- January 30, 2019

The polar vortex has not stopped the roughnecks in the Bakken. The number of active rigs hold steady.

Active rigs:

$54.23	1/30/2019	01/30/2018	01/30/2017	01/30/2016	01/30/2015
Active Rigs	65	57	38	45	146

Two new permits:

• Operator: Lime Rock Resources
• Field: Heart Butte (Dunn County)
• Comments: Lime Rock Resources has permits for a two-well Two Shields Butte pad in lot 2, section 7-149-92; 

Five permits canceled:

• MRO: the five following MRO permits are all in McKenzie County -- Robin USA; St Pierre USA; Black USA; Cavanaugh USA; and Winnie USA

Five permits renewed:

• Murex (2): a Patricia Ann and a Michael Douglas permit, both in Williams County
• Slawson (2): two Armada Federal permits, both in Mountrail County
• Hunt: a Patten permit in Mountrail County 
• Comments: it's hard to believe but back on Christmas Eve, 2015, I blogged:
• Murex renewed two permits, Michael Douglas and Patricia Ann, both in Williams County (a little trivia: Patrician Ann ("Tisha") Sterling played opposite Michael Douglas in PBS Playhouse, one episode, 1969).

Twelve producing wells (DUCs) reported as completed:

• 32897, n/d, CLR, Colter ...
• 32895, n/d, CLR, Colter ...
• 32894, n/d, CLR, Colter ...
• 32893, n/d, CLR, Colter ...
• 32892, n/d, CLR, Colter ...
• 34910, 1,546, Abraxas, Rav-Wiley 2H, 
• 33954, 1,819, Abraxas, Rav-Wiley 1H, 
• 33953, 1,432, Abraxas, Ravin 14H, 
• 33952, 2,3365, Abraxas, Ravin 13H,
• 32531, 1,134, Petro-Hunt, USA 153-95-4A-9-6H, 
• 32533, 946, Petro-Hunt, USA 153-95-4B-9-4H,
• 34613, 3,146, WPX, Benson 3HC; follow up on neighboring wells -- 27070, 27068, 27069, and particularly, 18948, and 22629; some are still off-line; one showed no jump in production; one shows a subtle jump; need to check dates; all to be done later;

Gasoline Demand Spikes -- January 30, 2019

Link here.

A graphic is worth a thousand words ...

... but I put a few words on the graphic....