A CLR Rollefstad Well Goes Over 700K; A Hess Norby Well Is Back On Line -- Antelope Oil Field -- April 27, 2024

Locator: 46877B.

See below: A CLR Rollefstad well goes over 700K bbls crude oil.

Back on line:

• 38178, drl/IA,  Hess, AN-Norby-152-94-0409H-9, Antelope, t--; cum 180K 7/22; off line, 10/22; cum 197K 10/22; cum 246K 2/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	2-2024	29	5739	5747	2826	16773	16497	236
SANISH	1-2024	28	5475	5484	2516	14779	14475	269
SANISH	12-2023	31	6061	6046	3079	15992	15678	275
SANISH	11-2023	30	6690	6680	3189	15385	15073	281
SANISH	10-2023	30	6262	6270	3291	12623	12355	240
SANISH	9-2023	27	5806	5793	3195	11252	8644	2581
SANISH	8-2023	31	5912	5914	2748	10628	10379	225
SANISH	7-2023	31	5891	5834	3023	4781	4536	234
SANISH	6-2023	10	1751	1728	1279	3403	3330	65
SANISH	5-2023	0	0	0	0	0	0	0
SANISH	4-2023	0	0	0	0	0	0	0
SANISH	3-2023	0	0	0	0	0	0	0
SANISH	2-2023	0	0	0	0	0	0	0
SANISH	1-2023	0	0	0	0	0	0	0
SANISH	12-2022	0	0	0	0	0	0	0
SANISH	11-2022	0	0	35	0	0	0	0
SANISH	10-2022	13	3589	3636	1736	8432	8334	85
SANISH	9-2022	30	10464	10407	5306	16029	15701	306
SANISH	8-2022	9	3102	3172	1428	7517	7373	135

 The Rollefstad well to the east showed a nice jump in production, but only temporary:

• 18159, 754, CLR, Rollefstad 1-3H, Antelope, t9/09; cum 700K /24:

SANISH	2-2022	28	3518	3323	1522	4146	3768	0
SANISH	1-2022	31	6037	6016	2486	6799	6380	0
SANISH	12-2021	29	7714	7368	4068	5909	5517	0
SANISH	11-2021	0	0	0	0	0	0	0
SANISH	10-2021	7	222	622	112	412	339	0
SANISH	9-2021	30	2067	2070	809	5178	4775	0
SANISH	8-2021	31	2248	2183	814	5437	5020	0
SANISH	7-2021	31	2208	2073	805	5333	4933	0
SANISH	6-2021	30	2196	2220	827	5370	4977	0
SANISH	5-2021	31	2297	2395	875	5760	5345	0

Bonds -- April 27, 2024

Locator: 46876BONDS.

The other day a reader posted a note on bonds in response to a blog. Coincidentally, that very day, The Wall Street Journal published this story:

Anyway, I've never bought bonds -- except back in elementary school back in the late 50s and early 60s and some iBonds in the 80s -- all of which have been sold -- I don't understand them.

I used to enjoy Jason Zweig but I don't read many of his columns any more. Right now, like Cramer (apparently), he's recommending Treasury bills. 

Jason ends his article with "T-bills are hard to beat."

Flashback: this was Jason's column last week to which he refers this week:

The lede:

Only a few things in investing life are certain.

One is that investors will always find a way to lose ungodly amounts of money on bond funds.

In 2023, investors poured a record $54 billion into mutual funds and exchange-traded funds specializing in long-term U.S. government debt. More than half of the iShares 20+ Year Treasury Bond ETF’s $46.1 billion in total assets, for instance, came in during last year alone.

Right on cue, funds of Treasury bonds maturing in 20 years or beyond have lost about 9% so far this year, handing billions of dollars in losses to their latest buyers.

Investors similarly shot themselves in the foot by loading up on bond funds in 1993 and 2014, right before the market tanked.

You can avoid their fate, though, by following a few basic guidelines. It’s impossible to say for sure why so many people barged into long-term bond funds last year. Some, says Steve Laipply, global co-head of fixed-income ETFs at BlackRock, may just have been thinking, “Finally, I can get a yield in bonds that I haven’t been able to get in years and years.”

One simple basic guideline to follow if one does not want to lose money in bonds: don't buy bonds. 

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Disclaimer in Brief

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

See disclaimer. This is not an investment site.

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. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

Friday Night -- Whoo-Hoo! April 26, 2024

Locator: 46875B.

Market at the close:

For the archives -- what's going on that affected the market today:

• some tech stocks reported great earnings; GOOG announces a dividend for the first time;
• personal consumption expenditures "price index" seems to be plateauing in the 2.8 - 3.0% range; possibly increasing; resilient American economy (Americans keep spending)
  
• GDP estimate, GDPNow, for 2Q24, jumped from 1.6% actual 1Q24 to 3.9% estimate 2Q24
• relatively quiet in the Mideast; though more and more it appears that Israel is yet to move into southern Palestine (Rafah) to clear out Hamas
• analysts pretty much agree that any "rate cut" in 2024 is getting less and less likely

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Back to the Bakken

WTI: $83.85.

Active rigs: 40.

Two new permits, #40701 and #40702:

• Operator: Grayson Mill
• Field: South Tobacco Garden (McKenzie)
• Comments:
• Grayson Mill has permits for two Skaar wells, NWNE 15-150-99; 
• both to be sited 1519 FEL with one sited 447 FNL and the other 347 FNL

Eight permits renewed:

• CLR: eight McClintock permits, NENE 24-156-95 and SESW 13-156-95, Pleasant Valley, Williams County;

Four producing wells (DUCs) reported to be completed:

• 37921, n/d, BR, Parrish 2B TFH,
• 39908, 668, Oasis, Andrews Federal 5304 12-24 2B,
• 39909, 98, Oasis, Andrews Federal 5304 12-24 3B,
• 39910, 98, Oasis, Andrews Federal 5304 12-24 4BX,

Week 17: April 22, 2024 -- April 28, 2024

Locator: 46874TOPSTORIES.

Top story:

• Peace breaks out in the Middle East 
• No one seems to notice
  

Top international non-energy story:

• Ukraine
• Additional US money for Ukraine, Israel
  

Top international energy story:

• 
  

Top national non-energy story: 

• Trump criminal trial has begun
• US personal income at an all-time high.
  

Top national energy story:

• WTI trading in narrow range, $82 - $84
  

Focus on fracking: link here.

Top North Dakota non-energy story:

• 
  

Top North Dakota energy story:

• 
  

Geoff Simon's quick connects: link here.

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Market

Market at the close:

For the archives -- what's going on that affected the market today:

• some tech stocks reported great earnings; GOOG announces a dividend for the first time;
• personal consumption expenditures "index" seems to be plateauing in the 2.8 - 3.0% range; possibly increasing
  
• GDP estimate, GDPNow, for 2Q24, jumped from 1.6% actual 1Q24 to 3.9% estimate 2Q24
• relatively quiet in the Mideast; though more and more it appears that Israel is yet to move into southern Palestine (Rafah) to clear out Hamas
• analysts pretty much agree that any "rate cut" in 2024 is getting less and less likely

Inflation -- April 26, 2024

Locator: 46873INFLATION.

With regard to the inflation report this morning, from Carl Q. 

Posted earlier:

Overview:

• inflation: OMG --- headlines scary; facts anything but scary
  
• just before the announcement; Dow up nicely (pre-market)
• right after the announcement, Dow drops (pre-market)
• by end of today, all will be forgotten
• probably by noon, all will be forgotten

 As noted, by noon all was forgotten: