Friday, July 9, 2021

North Dakota Pipeline Carrying One-Third Of Bakken Production Remains At Risk -- July 9, 2021

Could Judge Boasberg be assigned another North Dakota pipeline case? 

Update on the Tesoro High Plains crude oil pipeline now owned by Marathon Petroleum Corporation. 

Link to the Williston Herald.

Back to square one.

Marathon had shut the line partially down after an order from the Bureau of Indian Affairs, amid claims that the pipeline has been trespassing on Native American land for seven years. Marathon was also fined $187 million in damages in connection with that decision, which the Trump administration later reduced to $4 million. [And there's the rub. LOL.]

The Biden administration, however, reviewed the decisions and vacated all of them, amid due process concerns. They sent the matter back to the regional director, with instructions to provide a full and fair opportunity for all parties to be heard — basically, square one.

Marathon, meanwhile, filed suit against the government, accusing it of violating the Administrative Procedure Act for vacating the orders without any of the required notice, as well as violating Fifth Amendment due process rights.

Week 27: July 4, 2021 -- July 10, 2021

Top story:

Top international non-energy story:

Top international energy story:

Top national non-energy story:

Top national energy story:

Top North Dakota non-energy story: 

Top North Dakota energy story:

Geoff Simon's top North Dakota energy stories:

  • Quick connects.
  • North Dakota sues federal government over lease ban;
  • State leaders thrilled with Rainbow Energy Center's announcement to purchase and to continue to operate Coal Creek Station
  • Oasis Midstream Partners announces open season on a proposed Johnson's Corner Gathering System Project
  • 12th annual Bakken Rocks Cookfest; July 13, Arnegard; and July 15, Mohall

Bakken 101:

Operators:

Operations:

Wells:
Wells being brought back on line with higher prices:

Others:

Fracking:

Pipeline:

Bakken economy:

Commentary:

Ovintiv With Two New Permits; Thirteen Permits Renewed -- July 9, 2021

WTI: up 2.22% today; up $1.62; trading at $74.56.

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Back to the Bakken

Active rigs:

$74.56
7/9/202107/09/202007/09/201907/09/201807/09/2017
Active Rigs2311576556

Two new permits, #38418 - #38419, inclusive:

  • Operator: Ovintiv
  • Field:South Tobacco Garden (McKenzie)
  • Comments:
    • Ovintiv (Newfield) has permits for two Bernice wells in SESE 20-150-99 (lots of typos in the daily activity report);
    • the wells will be sited between 471 FSL and 491 FSL and 656 FEL
    • note: the wells heads are sited 20 feet apart, which appears to be a new record;

Thirteen permits renewed:

  • BR (5): one Sanmuri permit and four Muri permits, all in McKenzie County
  • CLR (4): two Charleston permits and two Olympia permits, all in Williams County
  • Nine Point Energy (2): two Gibbins permits in Williams County
  • EOG (2): two Burke permits in Mountrail County;

Wells To Watch: Equinor's Marcia Wells And Equinor's Jake Wells

Locator: 34001B.

The Marcia wells:

  • 22454, 3,634, Equinor, Marcia 3-10 1H, Last Chance, t8/12; cum 307K 5/21; cum 436K 2/23;
  • 22453, 2,622, Equinor, Marcia 3-10 2TFH, Last Chance, t8/12; cum 262K 5/21; cum 275K 2/23;
  • 36037, SI/NC-->SI/A, Equinor, Marcia 3-10 5H, Last Chance, t--; cum 223K 2/23;
  • 36036, SI/NC-->SI/A, Equinor, Marcia 3-10 6H, Last Chance, --; t--; cum 201K 2/23;
  • 36783, SI/NC-->SI/A, Equinor, Marcia 3-10 7H, Last Chance, first production, t--; cum 221K 2/23;
  • 36087, PNC, Equinor, Marcia 3-10 7HPNC, Last Chance,
  • 36088 PNC, Equinor, Marcia 3-10 8TFH, Last Chance,
  • 22631 3,201, Equinor, Marcia 3-10 3H, Last Chance, t2/13; cum 266K 5/19; off line 5/19; remains off line 5/21; back on line; cum 296K 2/23;
  • 22632, AB/2,440, Equinor, Marcia 3-10 4TFH, Last Chance, t2/13; cum 224K 5/19; off line line 5/`9; remains off line 5/21; back on line; cum 236K 2/23;

The Jake wells:

  • 23557, A/AB/3,606, Equinor, Jake 2-11 1H, Last Chance, t7/13; cum 248K 1/19; off line1/19; remains off line 5/21; back on line; cum 293K 2/23;
  • 23558, A/AB/2,320, Equinor, Jake 2-11 2TFH, Last Chance, t7/13; cum 219K 1/9; off line 1/19; remains off line 5/21; back on line; cum 244K 2/23;
  • 23546, A/IA/2,328, Equinor, Jake 2-11 3TFH, Last Chance, t11/13; cum 241K 11/20; off line 11/20; remains off line 5/21; back on line; cum 265K 2/23;
  • 23547, A/IA/2,541, Equinor, Jake 2-11 4H, Last Chance, t11/13; cum 6/20; off line 6/20; remains off line 5/21; back on line; cum 317K 2/23;
  • 24008, 2,430, Equinor, Jake 2-11 5TFH, Last Chance, t11/13; cum 182K 5/21; cum 202K 2/23;
  • 24007, A/IA/3,315, Equinor, Jake 2-11 6H, Last Chance. t11/13; cum 240K 10/20; offline 10/20; remains off line 5/21; back on line; cum 278K 2/23;
  • 36692, SI/NC-->SI/A, Equinor, Jake 2-11F 7H, Last Chance, --; t--; cum 216K 2/23;
  • 36219, SI/NC-->SI/A, Equinor, Jake 2-11F 8H, Last Chance, --; t--; cum 220K 2/23;
  •  36218, SI/NC-->SI/A, Equinor, Jake 2-11F XW 1H, Last Chance, --; t--; cum 220K 2/23;


Apple In Early Talks To Acquire NFL's SNF -- July 9, 2021

We recently discontinued our monthly subscription to Spectrum television. We moved to "Hulu" and the Amazon Fire TV Stick. It was my wife's idea to move to "Hulu" and my idea to purchase a "fire stick." 

Wow, every day, I thank my wife for "Hulu" and I love the fire stick. An unbeatable combination.

Because of this, I have become quite interested in streaming and the current and coming "war" among Amazon, Apple, Disney, and Google with regard to streaming. There are others, but the others will be absorbed by the former. 

Amazon and Roku seem to have similar business models; both are gateways to streaming across the entire streaming universe. It doesn't requite a rocket scientist to figure out who wins that contest (Amazon  vs Roku).  

Google owns YouTube TV which is sponsoring the NBA finals. YouTube TV and Hulu are direct competitors and for newbies, those are really the only two options in this arena. My brother-in-law and his tech-savvy son prefer YouTube TV to Hulu and have YouTube TV out at the Montana house. 

Google is a bit like Amazon and may indeed be Amazon's toughest competitor before it's all over, but that's well down the road. But again, Google and Amazon have different business models.

Disney (which owns Hulu), Apple, and a host of others are simply providing content,. Apple does have "hardware" but somehow that hardware seems not to be working for folks like me. 

Amazon's hardware, about two inches by one inch costs about $50; Apple's hardware is "laptop" in size and thousands of dollars. It's the only piece of the Apple ecosystem that seems to be both within and without, to paraphrase a line from The Great Gatsby. 

Of the four, Apple is lagging, and needs "a lot" if it wants to remain relevant with regard to streaming. Their Apple TV+ is still free. I subscribe to Apple TV+ but "never" watch it, except to see what might be playing. 

All four have very, very deep pockets, but of the four, Amazon seems to have the best business model. 

Apple's most recent big mistake: losing the MGM catalogue to Amazon. 

And then, this: Amazon recently (previously posted) bought the rights to the NFL's Thursday night game. TNF is "broken." Of all the NFL games it has the lowest ratings. Fox ended its relationship one year earlier than planned to give Amazon the opportunity to get inside the NFL door. Some folks have written me to tell me that Amazon's purchase of TNF was a mistake. I disagree. Amazon has very deep pockets and they will make Thursday Night Football work. And even if it doesn't, it adds "bragging rights" for Amazon and is another arrow in Amazon's Prime Video quiver. Love it. 

[In fact, re-reading this post: another story line. Apple and Amazon may be the last two standing when this is all over -- the "streaming wars." Amazon won the first NFL battle, getting TNF, but Apple could very well win the NFL war if it acquires SNF.]

So, now we get this story today. 

Apple is in early talks to buy rights to NFL's Sunday Ticket games. 

Brilliant. 

The NFL is not the NBA.

Apple needs this.


If Apple succeeds, I can hardly wait for the fireworks to begin: SNF and TNF. Apple vs Amazon. 

It's going to be huge. 

Hunch: Dallas Cowboys own Thursday night. Other than the Super Bowl, is the number one NFL game Thanksgiving Day which is owned by Dallas.

Remember the CBS Thursday night line-up year ago? My hunch: Amazon does. And so do the Cowboys. 

Jerry Jones. Tim Cook. Roger Goodell. I would love to be a fly on the wall.

Maybe more if one needs more to see why this works. Quick: name the only professional sport Americans -- in general -- are eager to watch.

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Flathead Lake