Monday, April 8, 2024

Go Big Or Go Home -- Barron's -- April 8, 2024

Locator: 46957INV.

And this is without any rate cuts.

From Barron's today.


*****************
Tracking The Price of the Best Laptop 


 If it goes below $1,000 .... that would be a minus 25% ...

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Two New Permits; Eleven Permits Renewed; Four DUCs Reported As Completed -- April 8, 2024

Locator: 46956B.

Incredible economy:

An interesting opportunity:

  • CAT hits an all-time high today, but then drops back
  • pays 1.4%

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Back to the Bakken

WTI: $86.43.

Active rigs: 36.

Two new permits, #40652 and #40653:

  • Operator: Oasis.
  • Field: Eightmile (Williams)
  • Comments:
    • Oasis has permits for a Lake Trenton Federal well and an Aune Federal well, with Lake Trenton Federal lot 2, section 31-153-102,
      • to be sited 1782 FNL and 370 FWL; 
    • and Aune Federal , lot 3, section 30-153-102, 
      • to be sited 2546 FNL and 406 FWL

Eleven permits renewed:

  • Hess (10): four SC-JW Hamilton permits, Long Creek, Williams; three SC-JW Flickertail permits; Ross, Mountrail County; and two RS-Nelson Farms, Ross, Mountrail County;
  • Whiting: one Olson permit, Dollar Joe, Williams.

Four producing wells (DUCs) reported as completed, follow up at this link:

  • 39723, 1,484, WPX, Bull Moose 28-27FH,
  • 39725, 1,773, WPX, Bull Moose 28-27HT,
  • 39727, 1,329, WPX, Bull Moose 28-27HZ,
  • 39851, 209, Oasis, Thunderhill Federal 5302 33-3 5B,
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Update: Applied Digital, Ellendale, ND; AI, DataCenters Tags Added; US Data Center Average Size, 100K Sq Ft; Ellendale, ND, 340K Sq Ft -- April 8, 2024

Locator: 46955TECH.

The Big View:

  • US cities and regions with highest concentration of data centers, link here.

Average size of data centers in US: 

Updates

April 8, 2024: published three days ago, over at DataCenter Dynamics -- this doesn't sound particularly good -- but then I don't understand these things ...

Applied Digital has entered an agreement with a single investor, receiving a $50 million unsecured loan for its data center in Ellendale, North Dakota.
Applied Digital, formerly known as Applied Blockchain, does not mine crypto but provides crypto and high-performance computing infrastructure to miners.
The convertible debenture bears no interest, has an original issue discount of five percent, and has a term of 54 weeks.
Ticker NASDAQ: APLD.

April 8, 2024: next big thing -- converting those empty malls to data centers.

April 8, 2024:

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Original Post

November 15, 2023 -- Locator: 46058TECH.

Big winner in tech today: TSM. Let that sink in. Folks just don't know it yet.

Data center news:

  • no update on that new data center in Williams County; dead? Maybe a reader knows.
  • meanwhile, Ellendale, ND: 

Applied Digital Corp. has broken ground on its first 100-megawatt high-performance computing facility that will be located about 1 mile west of Ellendale.

The announcement was made Tuesday, Oct. 31, on Applied Digital’s website.

The facility is designed and built for artificial intelligence workloads such as generative AI, natural language processing, machine learning, rendering and traditional high-performance computing applications.

There will be 80 megawatts of IT (information technology) load but it's designed so that every rack in the building can be within 30 meters of the network core.

Meanwhile, to recap:

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The MRO Sandstrom Well Is Back On Line, Goes Over 600K Bbls Crude Oil Cumulative -- Perhaps Small Halo But If So, Subtle -- April 8, 2024

Locator: 46954B.

The well:

  • 17771, A/IA/585, MRO, Jay Sandstrom USA 34-31H, Reunion Bay, t3/09; cum 542K 10/20; off line 11/20 remains off line 7/21; cum 571K 7/22; cum 591K 3/23; cum 607K 2/24;

When the well came back on line back in late 2021:

BAKKEN5-2022313405340922824293408798
BAKKEN4-20222728602867269231932866240
BAKKEN3-202231401340124234372536140
BAKKEN2-202228329232753887395538610
BAKKEN1-202231386838674423507249600
BAKKEN12-202131384238064199398236780
BAKKEN11-202130251725026891284526560
BAKKEN10-20213187386610315120111330
BAKKEN9-2021489881086210104106
BAKKEN8-20210000000
BAKKEN7-20210000000
BAKKEN6-20210000000
BAKKEN5-20210000000
BAKKEN4-20210000000
BAKKEN3-20210000000
BAKKEN2-202100880000
BAKKEN1-20210000000
BAKKEN12-20200000000
BAKKEN11-2020410919017344207110
BAKKEN10-20202444447813516201186276
BAKKEN9-20203014661468661479145270
BAKKEN8-202031208020689466269591845

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The Enerplus "NASCAR" Pad Updated -- April 8, 2024

Locator: 46953B.

The map:  look how the April, 2024, map compares with the February, 2024, map at original post below the fold below.

The wells:

  • 39341, conf, Enerplus, Stock 148-93-04A-09H, South Fork, t8/23; cum 118K 2/24;
  • 39342, conf, Enerplus, Sprint 148-93-04A-09H, South Fork, t8/23; cum 119K 2/24;
  • 39343, conf, Enerplus, Rally 148-93-04A-09H, South Fork, t8/23; cum 158K 2/24;
  • 39344, conf, Enerplus, Pitstop 148-93-04A-09H, South Fork, t8/23; cum 163K 2/24;

 Original Post

Locator: 46739ERF.

Wells coming off confidential list this next week:

The wells:

  • 39341, conf, Enerplus, Stock 148-93-04A-09H, South Fork,
DateOil RunsMCF Sold
12-20231043010418
11-20232310520284
10-20232712121276
9-20232338121336
8-202373066158
  • 39342, conf, Enerplus, Sprint 148-93-04A-09H, South Fork,
DateOil RunsMCF Sold
12-20231511014311
11-20231711514583
10-20232127316772
9-20232847222071
8-2023169237731
  • 39344, conf, Enerplus, Pitstop 148-93-04A-09H, South Fork,
DateOil RunsMCF Sold
12-20232868118528
11-20232750716991
10-20232893621930
9-20232849423081
8-202398604942
  • 39343, conf, Enerplus, Rally 148-93-04A-09H, South Fork,
DateOil RunsMCF Sold
12-20232350023113
11-20232512321613
10-20232707421220
9-20233492526158
8-2023181728616

 The maps:

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