Wednesday, December 16, 2020

An XTO Mandal Federal Well With Jump In Production After Returning To Production After A Year Off Line -- December 16, 2020

This well is intriguing:

October 12, 2019: #20140, off line -- it's an XTO well; should be doing better; back on line 10/19; but not doing particularly well; off line 11/19; remains off line 9/20; now IA; 10/20 -- sixteen days, nice production; 

The well:

  • 20140, 1,841, XTO, Mandal Federal 41X-29C, Haystack Butte, t10/13; cum 195K 10/20: there's a lot of activity in this area; several wells on drl/NC status and FracFocus does not show any completions. This well appears to have a jump in production after being off line for about a year and not due to any neighboring fracking, but I haven't had a chance to check all the neighboring wells.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-2020162434169925934483850
BAKKEN9-20200000000
BAKKEN8-20200000000
BAKKEN7-20200000000
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-20200000000
BAKKEN3-20200000000
BAKKEN2-20200000000
BAKKEN1-20200000000
BAKKEN12-20190000000
BAKKEN11-20190000000
BAKKEN10-20191610161745753386714622269
BAKKEN9-20191196023169331956672520
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-2019132650909
BAKKEN3-201926962124462832821980886
BAKKEN2-20192811711322957386833460
BAKKEN1-20193114001479118943643479297
BAKKEN12-20183112861228125043943548354
BAKKEN11-2018301241128112274283371429
BAKKEN10-201831141213521469496743640
BAKKEN9-20183013721230125147193954413
BAKKEN8-20183114241516134150113838848
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US Ports

Updates: see reader's comments explaining what I missed when posting the original post.



A most unusual economy.This morning -- or was it yesterday -- there was a report that US retail sales dropped in November.I can't reconcile that report and the headlines below.  Later: see first comment. A reader explained how this could all be reconciled. I feel like an idiot. LOL. Not the first time. But that's the purpose of the blog; to keep learning.

Flow of US imports continues to surge, now at twice the rate of exports, December 16, 2020.

Trade with China roars back as Americans are stuck at home, NY Times, December 14, 2020. 

Boxed out: China's exports pinched by global run on shipping containers, December 14, 2020. 

Port of Long Beach broke another cargo record in November, the fourth straight month is has done so, December 11, 2020.  

Near gridlock at San Pedro Bay port complex amid best month in 114 years for Port of Los Angeles, December 10, 2020.

China's export snag: containers are running short, December 10, 2020.

Port Tracker report highlights another monthly record and a projected annual 2020 increase, December 9, 2020.

China to ease shortage of containers, December 7, 2020.

Trucking, teamsters, and the San Pedro Harbor, December 4, 2020. 

Container shortages the biggest disrupter: where are all the empty boxes? December 1, 2020.

Global container shortage drives spike in shipping rates, but brings windfall for Chinese manufacturers, October 14, 2020.

There aren't enough containers to keep world trade flowing, March 18, 2020.

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Amgen -- December 16, 2020

I see that Amgen raised its dividend. 

  • prior: $1.60 (link here)
  • new: $1.76
  • increase: 16 cents / 1.60 = 10% increase
  • share price today: $228.44 (down $2.09)
  • after-hours: $230.27 (up $1.83)
  • $6.40 / $228.44 = 2.8%
  • $7.04 / $230.27 = 3.06%
  • new dividend:
    • record date: 2/15/21
    • payable date: 3/8/21

Amgen is an "expensive" stock but one can buy it "by the slice" through most brokers. 

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

This particular item caught my interest for two reasons:

  • the other day, there was an article that suggested 2021 will be a year for dividend increases and buybacks;
  • a 10% increase in a dividend for an "old" company is quite noteworthy;
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Chinese Flu-Related Hospitalizations Drop To Lowest Level In Two Months -- December 16, 2020

From social media today:


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Two New Oil And Gas Permits -- December 16, 2020

Active rigs:

$47.82
12/16/202012/16/201912/16/201812/16/201712/16/2016
Active Rigs1453675340

Three new permits, #38026 - #38028, inclusive, but one is a SWD well;

  • 38026, loc, MRO, Goddard USA 41-4TFH, McGregory Buttes, NWNE 4-147-94; 470 FNL 1520 FEL;
  • 38027, PD/loc, Koda, Ekin 26-1 SWD, Smoky Butte,
  • 38028, conf, Crescent Point, CPEUSC Makowsky 8-31-30-158N_99W-TFH-LL, Dublin, SESW 31-158-99;

Two permits canceled:

  • Cobra Oil and Gas: two Neru permits in Billings County;

Two producing wells completed:

  • 35762, drl/A, Enerplus, Moss 149-93-21C-22H-LL, Mandaree, t--; cum 66K 10/20;
  • 35596, SI/A, Enerplus, Stratus 149-94-33C-28H- TF, Eagle Nest, t--; cum 202K 10/20; the Enerplus Cloudy pad is tracked here; fracked 1/1/20 -- 1/21/20; 6.35 million gallons of water; 58.96% water by mass; another low water frack; see this post;
    PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN10-2020313281532599260376593361722984
    BAKKEN9-2020282354623673232604379141069706
    BAKKEN8-2020282782427728239444198339867835
    BAKKEN7-202031255092548725745000
    BAKKEN6-2020171413714103153301870917696424
    BAKKEN5-2020261827918427230642152220282548
    BAKKEN4-2020302401123883271352617525063720
    BAKKEN3-20202931208310933423031208297261358
    BAKKEN2-2020541944112742041953746438
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