Activity In The Bailey Oil Field -- October 5, 2024

Locator: 48506B.

The wells on one pad, rig on site except for #18736, just to the west:

• 18736, 626, MRO, Rosemary Eckelberg 21-26H, Bailey, t9/10; cum 287K 8/24;

• 40747, conf/drl, MRO, Sigrid 41-27H, Bailey,
• 40774, conf/drl, MRO, Vettleson 11-26H, Bailey,
• 40743, conf/drl, MRO, Jens 21-26H, Bailey,
• 40642, conf/drl, MRO, Thornton 31-26H, Bailey,
• 40744, conf/drl, MRO, Rappley 31-26H, Bailey,
• 40745, conf/drl, MRO, Eder 41-26H, Bailey,
• 40746, conf/drl, MRO, ODonnell 44-22H, Bailey,
• 40779, ros/conf/drl, MRO, McMillan 14-23H, Bailey,
• 40748, conf/drl, MRO, Gross 24-23H, Bailey,
• 40749, conf/drl, MRO, Rosenkranz 24-23H, Bailey,
• 40750, conf/drl, MRO, McAdoo 34-23H, Bailey,
• 40751, conf/drl, MRO, Hafner 34-23H, Bailey,
• 40782, conf/drl, MRO, Orval 44-23H, Bailey,
• 40781, conf/drl, MRO, Crooks 44-232H, Bailey,

The maps:

Activity In The Indian Hill Area, South Of Williston, Across The River -- October 5, 2024

Locator: 48505B.

Activity in the Indian Hill area:

• 40835, drl/loc, Behan Federal 5301 42-29 2B, Indian Hill, it appears the well may have been drilled to depth;
• 40836, drl/loc, Behan Federal 5301 42-29 3B, Indian Hill, it appears the well may have been drilled to depth;
• 40805, drl/loc/ros, Behan Federal 5301 42-29 4B, Indian Hill,
• 40837, drl/loc Behan Federal 5301 42-29 5B, Indian Hill,
  

• 40875, conf, Oasis, Barnes Federal 5202 43-11 2B, Indian Hill,
• 40876, conf/ros, Oasis, Barnes Federal 5202 43-11 3B, Indian Hill,
• 40780, conf, Oasis, Barnes Federal 5202 43-11 4B, Indian Hill,
• 40877, conf, Oasis, Barnes Federal 5202 43-11 5B, Indian Hill,

• 40491, drl/conf, Oasis, Lee N 5201 21- 5 2B, Camp,
• 40492, drl/conf, Oasis, Lee N 5201 21- 5 3B, Camp,
• 40463, drl/conf, Oasis, Lee N 5201 21- 5 4B, Camp,
• 40493, drl/conf, Oasis, Lee N 5201 21- 5B, Camp,
• 40494, drl/conf, Oasis, Lee N 5201 21- 6B, Camp, 

Clearing Off The Desk -- Part 2 -- Palantir -- October 5, 2024

**********************************
Disclaimer
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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Add Palantir to the list, being exuberant about all things Palantir.

Locator: 48504PALANTIR.

Time to do a deep dive into Palantir.

I started a position earlier this summer, and added to it every week or so. But it's getting crazy. 

Will have to do a deep dive this weekend.

Will start with the Austin article in The New Yorker from February, 2023, about a year and a half ago. And then wiki. That will be a nice start. Barron’s.

Ticker:

Back of the envelope, numbers rounded, estimated (disclaimer: I often make simple arithmetic errors).

This will be fascinating.

**********************************
Disclaimer
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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Add Palantir to the list, being exuberant about all things Palantir.
  

Clearing Off The Desktop -- Part 1 -- Vanderbilt Beats #1 Alabama -- October 5, 2024

Locator: 48503ARCHIVES.

Tag: Vanderbilt, Alabama.

Holy mackerel:

Partnerships, vs IPOs, mergers, acquisitions. We've talked about this before.

• Accenture NVIDIA Business Group -- link here.
  
• the new group will help clients lay the foundation for agentic AI functionality
• Accenture's AI Refinery uses the full NVIDIA stack, including:
• NVIDIA AI Foundry
• NVIDIA AI Enterprise
• NVIDIA Omniverse

Nvidia (NVDA): link here.

Intel (INTC) -- Germany

• commitment to German plant confirmed;
• BUT two-year delay
• link here.
  

Intel (INTC) -- Raptor Lake crashing nightmare is over. Link here. “Intel now confirms.” Deny, deny, deny.

Mideast:

• Aramco's second bond sale this year; $3 billion this time.
• raised $6 billion last July.

Mideast:

• Nasrallah's successor presumed killed in IDF strike; link here.

Foxconn:

• beats estimates with record third-quarter revenue on AI demand;

Accelerated AI: NPUs. Wiki.

Unimportant, but fun, link here:

EVs:

• the fog is starting to clear; link here. The more they sell, the more they lose. A must read article.

However, the study points out that there is a problem: today, most OEMs do not make a profit from the sale of EVs. In fact, these vehicles often cost $12,000 more to produce than comparable vehicles powered by internal combustion engines (ICEs) in the small- to midsize car segment and the small-utility-vehicle segment. 

What is more, carmakers often struggle to recoup those costs through pricing alone. The result: apart from a few premium models, OEMs stand to lose money on almost every EV sold, which is clearly unsustainable. [Well, duh.] Rivian lost $32,705 on every vehicle it produced last quarter.

• Remember this from July 9, 2024? Stellantis now in deep doo-doo! Doing everything it can to conserve cash! Dealers frustrated, irate.

• "Getting cold feet?" -- link here.

• How bad is it? Look what Ford is offering, link here. My hunch, the Ford CFO is not happy.

Wells That I No Longer Track -- Page 19

Locator: 48502B.

From "things that need to be followed up."

Just some housekeeping. This page will be updated as wells are "closed out."

February 21, 2022: 32977, 30, BR, Dodge 3B MBH, 29 stages; 10.1 million lbs, almost all large white, t1/18; cum 307K 11/20; nice well; cum 331K 5/21; cum 344K 11/21; off line 11/21; remains off line 5/22; now IA; back on line 7/22; cum 349K 9/22; cum 350K 11/22; off line;

December 27, 2021: #26216, #26217, #26929 (PA): great wells; needs stand-alone post some day.

December 26, 2021: off line -- 27383, 27384 -- both still off line 8/22; XTO Berquist wells in Garden oil field;. both back on line. 

January 26, 2022: #16771 -- neighboring Hess EN-Rice wells recently fracked; remains off line 8/22; back on line 9/22; nice well; cum 160K 8/24;

December 26, 2021; 27194; EOG, EOR, 27194. Poor production. Cum 175K 8/24.

October 29, 2020: #21217, four wells will be fracked on either side of this well; a WPX, inside the reservation; 10-fold jump in production; comes back off line 4/21; again; off line for many months, 1/22; back on line, 2/23; not remarkable; cum 178K 8/24;

May 10, 2020: #20803; Palmer 1-25H; a dozen Palmer/Palmer Federal wells recently completed; #20803, with 3,376 bbls over 17 days, 8/20;  declining rapidly to 500 bbls/month; cum 231K 8/24;

April 7, 2020: #16579; off line; surrounded by not less than six wells that soon to be fracked; huge wells in the area; Dodge wells in Dimmick Lake; remains off line 8/21; back on line 8/21; nice recovery, but no jump in production; off line again, 3/22; 217K 2/23; cum 226K 8/24;

January 30, 2020: #16908 (IA-->AB-->PA), #16180 -- near recently MRO fracked wells; worth following, 6/22; cum 406K 10/22; 413K 2/23; cum 436K 8/24;

January 6, 2020: 

• 17912, 2,581, Whiting, Sorenson 11-3H, Sanish, t2/10; cum 908K 8/21; went off line as of 4/19; remains off line 10/19; back on line 11/19; cum 915K 1/22; F; cum 920K 6/22; 925K 2/23; cum 931K 8/24; 

November 26, 2019: #17024, #17943, near WPX St Anthony wells in Mandaree oil field; #17024 back on line, okay well; #17943 not back on line, 11/21; back on line 6/22; see this post; off line, again;

October 4, 2019: #16531; offline as of 8/19; BR; Blue Buttes; remains off line 9/20; now IA; now IAW; back to IA; off line 6/19; remains off line 7/21; back on line 8/21, albeit low production; just returned to production; low production; cum 222K 10/22; off line; PA; 11/22;

 May 18, 2019: see this record-breaking well (#30286); these neighboring wells should report soon: #31447 (PNC), #31449 (PNC), #31444 (PNC):  #31448 (PNC), 31450 (PNC).