Such Great News, We'll Post It Again -- May 1, 2023

Locator: 44517B.

Re-posting:

Alaska: how some saw this news being reported yesterday -- link here:

The Biden administration on Thursday, April 13, 2023, approved exports of liquefied natural gas from the Alaska liquefied natural gas project, a document showed, prompting criticism from environmental groups over the approval of another “carbon bomb.”

The US energy department approved Alaska Gasline Development Corp’s project to export LNG to countries with which the United States does not have a free trade agreement, mainly in Asia.

Backers of the roughly $39bn project expect it to be operational by 2030 if it receives the required permits.

The project, for which exports were first approved by the administration of Donald Trump, has been strongly opposed by environmental groups.

“Joe Biden’s climate presidency is flying off the rails,” said Lukas Ross of Friends of the Earth. Ross pointed out this was the second US approval of a “fossil-fuel mega-project” in as many months.

Reuters link. How I saw it: 

Foreign Exchange Reserves: Russia And Saudi Arabia

Locator: 44516B.

Link here. 

Link here. 

Drilled Twelve Years Ago, And Better Than Ever -- What Was That Theory Again? -- May 1, 2023

Locator: 44515B.

This will also be true in the Permian. And that's what scares Saudi. They knew this from the beginning. This does NOT happen in conventional wells and that's all Saudi has (so far). But what we see below is pretty common in shale.

The well:

• 20206, 954, CLR, LCU Truman 1-23, Long Creek, t11/11; cum 407K 2/23; full production here.
  

Note:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	2-2023	28	6375	6382	10587	32704	32528	176
BAKKEN	1-2023	31	8648	8641	14670	41668	39962	1706
BAKKEN	12-2022	31	13737	13745	20798	54622	52964	1658
BAKKEN	11-2022	28	16731	16762	22947	48406	47752	654
BAKKEN	10-2022	31	25328	25349	33061	54120	52895	1225
BAKKEN	9-2022	30	24494	24425	46495	40615	40091	524
BAKKEN	8-2022	29	11986	11951	53876	18653	17974	679
BAKKEN	7-2022	0	0	0	0	0	0	0
BAKKEN	6-2022	5	0	0	8503	0	0	0
BAKKEN	5-2022	0	0	0	0	0	0	0
BAKKEN	4-2022	0	0	0	0	0	0	0
BAKKEN	3-2022	0	0	0	0	0	0	0
BAKKEN	2-2022	0	0	0	0	0	0	0
BAKKEN	1-2022	0	0	0	0	0	0	0
BAKKEN	12-2021	0	0	0	0	0	0	0
BAKKEN	11-2021	0	0	0	0	0	0	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	0	0	0	0	0	0	0
BAKKEN	8-2021	0	0	0	0	0	0	0
BAKKEN	7-2021	0	0	0	0	0	0	0
BAKKEN	6-2021	0	0	0	0	0	0	0
BAKKEN	5-2021	0	0	0	0	0	0	0
BAKKEN	4-2021	0	0	0	0	0	0	0
BAKKEN	3-2021	0	0	0	0	0	0	0
BAKKEN	2-2021	0	0	0	0	0	0	0
BAKKEN	1-2021	0	0	0	0	0	0	0
BAKKEN	12-2020	0	0	0	0	0	0	0
BAKKEN	11-2020	0	0	0	0	0	0	0
BAKKEN	10-2020	0	0	0	0	0	0	0
BAKKEN	9-2020	0	0	0	0	0	0	0
BAKKEN	8-2020	0	0	0	0	0	0	0
BAKKEN	7-2020	0	0	0	0	0	0	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	0	0	0	0	0	0	0
BAKKEN	3-2020	0	0	0	0	0	0	0
BAKKEN	2-2020	0	0	0	0	0	0	0
BAKKEN	1-2020	24	1059	1223	411	2255	1944	0
BAKKEN	12-2019	31	1474	1551	603	3211	2806	0
BAKKEN	11-2019	30	1494	1703	602	3211	2806	0
BAKKEN	10-2019	29	1680	1659	660	3359	2980	0

My Michelob Weekend -- My Montana Lot Overlooking Flathead Lake -- May 1, 2023

Locator: 44514M.

On which I will never build ... 

**********************
Back to the Bakken 

Active rigs: 42.

WTI: $75.66.

Natural gas: $2.307.

Two new permits, #39868 - #39869, inclusive:

• Operator: CLR
• Field: Jim Creek (Dunn)
• Comments:
• CLR has permits for two Micahlucas wells, 
• one to be sited 250 FSL aand 302 FWL; and, 
• one to be siteed 250 FSL and 347 FWL

Five producing wells (DUCs) reported as completed:

• 39264, 3,022, Grayson Mill, Field 18-19F 6H, Todd,
  
• 38404, 917, Kraken, Sidney 32-29 2TFH,
• 38405, 905, Kraken, Sidney 32-29 3H,
• 38406, 612, Kraken, Sidney 32-29  4TFH,
• 38934, 935, Kraken, Claire Rose LE 31-30 1H,

Apple Savings -- May 1, 2023

Locator: 44513A.

Apple Savings: $1 billion in first four days after launch. This is an interesting story. There's no way millennials and Gen Z will invest in I-bonds -- and now they have Apple savings. Apple savings is so much more flexible and millennials and Gen Z are already familiar with the Apple iPhone. 

I've invested in I-Bonds over the years, and, wow, what a hassle. What a pain. I will never invest in I-bonds again, simply because of all the wickets to access one's account.

Apple Savings: face recognition or fingerprint and that's it. 

Speaking of which, Schwab's facial recognition technology is the beset I've seen.

At 4.15% APR, Apple Savings competes head-to-head with US I-bonds.

Alerus banking, Grand Forks, ND: $3 billion in assets.