Daily Activity Report -- Fourteen XTO HBU Marmon Permits Renewed -- July 12, 2021

XTO's HBU Marmon Federal wells are tracked here. 

Markets: all three US major equity indices hit all-time highs today. Whoo-hoo!

Oil: a bad day for WTI and it settles at $74.10. Whoo-hoo!

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Back to the Bakken

Active rigs:

$74.10	7/12/2021	07/12/2020	07/12/2019	07/12/2018	07/12/2017
Active Rigs	23	11	56	67	58

No new permits.

Fourteen permits renewed:

• XTO: nine HBU Marmon Federal permits, one Marmom Federal permit, and four HBU Marmon permits, all on the same pad, all in SESW/NESW section 13-154-95;the XTO HBU Marmon Federal wells are tracked here.

Water -- Fracking Vs Putting Out A Tesla Plaid Fire -- July 12, 2021

20 tons of water = 128 bbls of water = 5,376 gallons of water. 

From ZeroHedge, 20 to 75 tons to put out a Tesla Plaid fire, a steady stream for ninety minutes.

ICE single vehicle fire? three tons.

A single frack:

• 41,586 bbls of water (#27313, Hess EN-Eva).
• 217,831 bbls of water (#36000, Hess AN-Mogen Trust).

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Apple

Mac shipments continue to rise: from MacRumors. 

Shipments of Macs increased by almost 10 percent in the second quarter of 2021 compared to the same time last year, as the surge in demand for computers continued.

... worldwide shipments of personal computers, including desktops, notebooks, and workstations, reached 83.6 million units in the second quarter of 2021. This is an increase of 13.2 percent from the second quarter of 2020, in spite of component shortages across the industry that constrained supply. 

... but the rate of growth is slowing ...  Apple remained the fourth-largest PC vendor, tied with Acer, surpassed only by Lenovo, HP, and Dell, of which each had over double the number of shipments compared to Apple. 

Apple is set to hold its third quarter earnings call on July 27.

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Nicknames

According to sources, the Washington, DC, NFL football team has ruled out "Warriors" as a possible replacement for its previous nickname, the Redskins.

It is also noted that "Wallflowers" has not been ruled out. Nor has "Wimps." Or "Wafflers" [see first comment]. Bidin' their time until they come up with a suitable slate to consider.

Happy Birthday -- July 12, 2021

Oil: Biden has few trump cards with OPEC. Link to ArgusMedia. By killing the Keystone XL, Biden has severely limited his options when dealing with OPEC. Wow, what a dufus.

Nearly six months after taking office, US president Joe Biden has finally noticed Opec. Rising gasoline prices, and the potential gift they present to his Republican opponents, have helped focus his gaze, and his team has reached out to Opec+ to resolve a continuing row over output policy. But tense relations with Saudi Arabia give Biden less scope for influencing the producer group than recent US presidents. 

Iran is Biden's potential trump card in getting more Opec oil on the market, but his promise to restore the Iran nuclear deal is proving difficult to implement. Washington and Tehran have resorted to brinkmanship since the most recent round of talks concluded last month, and Iran has not yet extended a temporary monitoring deal with UN nuclear watchdog the IAEA that expired on 24 June. This is truly amazing: his trump card is getting more OPEC oil on the market (Iran) -- after he killed the Keystone XL. The ArgusMedia article did not mention the Keystone XL.

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Happy Birthday

We're not sure where she thinks she is going, TutorTime or the beach? 

The "big" present she got for her recent birthday: two fluffy gerbils. Or are they hamsters? Whatever. Everyone was afraid her dad was going to get her the real thing. LOL.

Note: posted July 12, 2021, but her birthday is on a different day. We just tend to celebrate her birthday on/about July 10, 2021 for various reasons. 

We had a pool party for her at the apartment complex. It may have been her best birthday party ever. 

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Hulu

What I'm watching: Ramen Heads. Absolutely fascinating. I've watched two other movies on ramen; The first two were "movies" -- one was "Japanese," and one was "American"; this one is a documentary, if that makes sense. From IMDB:

In 'Ramen Heads,' Osamu Tomita, Japan's reigning king of ramen, takes us deep into his world, revealing every single step of his obsessive approach to creating the perfect soup and noodles, and his relentless search for the highest-quality ingredients. In addition to Tomita's story, the film also profiles five other notable ramen shops, each with its own philosophy and flavour, which exemplify various different aspects the ramen world.

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Scotch: The Mini Bottle

From whiskyadvocate, June 28, 2021:

Once relegated to airplanes and minibars, the 50 ml bottle became increasingly popular as a result of COVID-related restrictions especially among craft distillers who were kept from hosting events or opening their tasting rooms. To stay afloat, small distilleries turned to minis (which are 50 ml), sending out samples for virtual tastings, and connecting with drinkers from afar.

“Filling 50 ml bottles is notoriously difficult, and normally not known as a profit center for craft businesses, but we saw them as an investment,” says Gareth Moore, CEO of Virginia Distillery Co.. The distillery launched its first single malt, Courage and Conviction, in April 2020, at the start of the pandemic, and used 50 ml bottles as part of the rollout to reach more people.

Catoctin Creek co-founder Scott Harris says that they resisted minis at first, but eventually saw the appeal. “Store tastings have stopped completely nationwide, and without tastings, there is no easy way to get customers to try our products before committing to a larger 750 ml purchase,” he explains. But with minis of whiskeys like Roundstone Rye, Catoctin Creek can get its products into people’s glasses even without the face-to-face interaction.

The benefit of “try before you buy” applies especially to more expensive whiskies. If the pandemic left some strapped for cash, minis offer a way to sample and enjoy something new without a big outlay. James Saxon, assistant whisky maker for Compass Box, says the company has seen an uptick in sales of its 50 ml gift pack—which includes The Peat Monster, Spice Tree, and The Story of the Spaniard—and is currently exploring how to offer more whiskies in the smaller format.

Oasis Reports A Fairly Respectable Thelen Federal Well In Banks Oil Field -- July 12, 2021

Ten-year treasury: 1.351%. Okay. 

NASDAQ: hits new all-time intra-day record. AAPL flat but slightly positive but now trending down. 

Most interesting television commercial last night: the Disney+ ad during the NBA game in Milwaukee. Disney+, Hulu, and ESPN "bundle" for $13.99 / month. 

Roku: must be doing something right. Like Netflix, it appears to have figured out how to transition to the new reality. Roku is up over $5.00 today. Funny I should mention Netflix; the first Roku model was developed in collaboration with Netflix, introduced in May, 2008. Netflix is up nicely today, also. As is TSLA.

Spokesperson: Brad Bellflower for Apartments.com. Without question, the best series of television commercials right now. 

Cuba: I have no idea what's going on in Cuba right now, but without question, the one western hemisphere country that has been most "let down" by the UN is Cuba. 

FDA: the big question -- why is the FDA not granting full approval to the vaccines?  

Hess: will report three huge wells later this fall. Phenomenal runs being reported now.

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Back to the Bakken

Active rigs:

$73.49	7/12/2021	07/12/2020	07/12/2019	07/12/2018	07/12/2017
Active Rigs	23	11	56	67	58

One well coming off the confidential list;

Monday, July 12, 2021: 5 for the month, 5 for the quarter, 185 for the year:

• 37018, 481, Oasis, Thelen Federal 5397 44-34 14TX, t1/21; cum 72K 5/21; Thelen Federal wells are tracked here;
  

Sunday, July 11, 2021: 4 for the month, 4 for the quarter, 184 for the year:

• None.

Saturday, July 10, 2021: 4 for the month, 4 for the quarter, 184 for the year:

• None.

RBN Energy: US LNG feedgas rebounds as spring maintenance season rolls off. Archived.

Global gas prices have had a record-breaking year so far, with JKM in Asia hitting all-time seasonal highs in spring, and TTF in Europe last week reaching the highest level since 2008. Prices have been spurred on by a global LNG market that is undersupplied and hunting for additional cargoes. 

If you were just looking at U.S. feedgas levels over the past several weeks, though, you would never know that we are in the middle of an incredible bull run. 

U.S. LNG feedgas deliveries have trailed below full-utilization levels for more than a month due to a combination of spring pipeline maintenance, LNG terminal maintenance, and operational issues. 

The reduced availability of pipeline and liquefaction capacity led feedgas deliveries in June to average 9.35 Bcf/d, or about 85% of full capacity. However, this was just a small and short-lived setback before what is likely to be a breakthrough summer for U.S. LNG. 

Feedgas demand is already back above 95% utilization and is poised to head even higher over the next few months both from new liquefaction capacity coming online and potentially from spot market cargo production. In today’s blog, we take a look at the impact of spring maintenance on U.S. LNG production and potential feedgas demand growth in the months ahead.

Hess Will Report Three Huge EN-Joyce Wells -- July 11, 2021

Remember how "everyone" says the daughter wells will never do as well as the parent wells. 

Read on. 

The Hess EN-Joyce wells in the Manitou oil field are tracked here. 

A reader recently alerted me to these wells telling me that they should be huge, and that they should be coming off the confidential list shortly. 

The wells were drilled quickly, and completed quickly; the fracks appear to be "moderate" fracks for the Bakken. 

They remain confidential, but runs are being reported:

• 37977, conf, Hess, EN-Joyce-LE-156-94-1721H-6, Manitou, from the permit, sections 16/17/20 & 21-156-94; 844 FSL 749 FWL; 33-061-04835; fracked 4/7/21 - 4/11/21; 10.7 million gallons of water; 85.2% water by mass; note four days for the frack; generally, I expect a seven- to 10-day frack; to come off confidential list, 10/24/21;
  

Date	Oil Runs	MCF Sold
5-2021	51160	58241
4-2021	18287	25524

• 37978, conf, Hess, EN-Joyce-LE-156-94-1721H-5, Manitou, from the permit, sections 16/17/20 & 21-156-94; 844 FSL 782 FWL; 33-061-04836; fracked 4/1/21 - 4/8/21; 11 million gallons of water; 85.5% water by mass; to come off confidential list, 10/29/21;

Date	Oil Runs	MCF Sold
5-2021	63032	102218
4-2021	5259	776

• 37979, conf, Hess, EN-Joyce-LE-156-94-1721H-4, Manitou, from the permit, sections 16/17/20 & 21-156-94; 844 FSL 815 FWL; 33-061-04837; fracked 4/1/21 - 4/8/21; 11 million gallons of water; 85.5% water by mass; to come off confidential list, 11/7/21;

• spud: March 3, 2021
• cease drilling: March 13, 2021
• logging services began at 8,164' at 12:42 p.m.CST, March 5, 2021
• KOP, 10,407', reached at 1:59 p.m. CST on March 6, 2021
• KOP, 10,407', reached at 4:51 a.m. CST on March 6, 2021
• drilling the curve began: 1: 59 p.m. CST, March 6, 2021
• total depth of the curve reached at 10,988; measured depth / 10,272.5' TVD at 9:10 p.m. on March 6, 2021;
• TD reached at 6:15 p.m. CST, March 13, 2021

Date	Oil Runs	MCF Sold
5-2021	47307	27719

The other Hess EN-Joyce wells:

• 17887, the parent well, off-line; never did well; will be interesting to see if it comes back on line; IA/165, Hess, EN-Joyce-156-94-1720H-1, Manitou, t6/09; cum 91K 7/20; remains off line 5/21;
  
• 27313, not an EN-Joyce well, but sited on same pad as the "original" EN-Joyce pad; also drilled back in 2014; not a particularly good well; remains on line; never came off line, 781, Hess, EN-Eva-156-94-1621H-1, Manitou, t9/14; cum 121K 5/21;
• 27314, drilled back in 2014, not a particularly good well; remains on line; never came off line, 349, Hess, EN-Joyce-LE-156-94-1721H-1, Manitou, t9/14; cum 121K 5/21;
  
• 27315, drilled back in 2014, not a particularly good well; remains on line; was taken off line for only two months; appears to be coming back on line 5/21; 142, Hess, EN-Joyce-LE-156-94-1721H-2, Manitou, t8/14; cum 149K 5/21;
  
• 27316, drilled back in 2014, not a particularly good well; was taken off line 7/20 and remains off line, 4/21; 490, Hess, EN-Joyce-LE-156-94-1721H-3, Manitou, taken off line 7/20; returning to production, 5/21; cum 130K 7/20;