Friday, November 8, 2024

Apache To Exit North Sea -- Windfall Tax Makes The Play "Non-Economical" -- November 8, 2024

Locator: 48742B.

"Keeping Families Together": I fully support this program but the president doesn't have the authority to do this unilaterally -- at least that's what the left is reminding us about what Trump might do. We still have a constitution. This is Civics 101.

Speaking of which: the left wants a 70-year-old Supreme Court justice to step down immediately so that Biden can appoint a younger justice to take her place. Hope springs eternal.

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Back to the Bakken

WTI:

Active rigs: 37.

Five new permits, #41324 - #31328, inclusive:

  • Operator: Hess
  • Field: Manitou (Mountrail)
  • Comments:
    • Hess has permits for five more EN-Rice wells, SWSW 11-155-94, 
      • to be sited 462 FSL and between 721 FWL and 853 FWL.

Five permits renewed:

  • Grayson Mill: five Tufto permits, NWNE 18-155-100, Cow Creek, Williams County;

Two producing wells (DUCs) reported as completed:

  • 37834, 5,794, MRL, Betty Lou USA 14-33TFH, Reunion Bay, Mountrail, 2560-acre spacing, sections 28 / 29 / 32 / 33 - 152-93; from file report, looks like seven wells to be sited on the pad; standard Bakken two-mile horizontal laterals. Laterals pretty much entirely within sections 33 / 28.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202429300873013537300331723309110
BAKKEN8-2024286608565990689976490664605188
  • 40595, 1,125, CLR, Doe 4-23H, Murphy Creek, Dunn County, npd.

Well of interest (re: #37834, Betty Lou USA):

  • 26807, 2,704/recently off line, just coming back on line, MRO, Earl Pennington USA 44-33H, Reunion Bay, t5/14; cum 577K 5/24;

Week 45: November 3, 2024 -- November 9, 2024

Locator: 48743TOPSTORIES.

Will Trump be on the cover of Time Magazine? Will he be named Person of the Year?

From Geoff Simon last week:

  • breaking through that glass ceiling: Republican Julie Fedorchak will be the first woman to represent North Dakota in the US House of Representatives
  • North Dakota ex-gov Doug Burgum might be Trump's energy czar.
  • Michele Strinden: lieutenant governor: another woman breaking the glass ceiling
  • DAPL back in the news
  • NoDaks don't mind paying property taxes; voters said "no" to repeal the state's assessment-based property tax system

Top story of the week: 

  • Donald Trump: 47th President of the United States of America

Top international non-energy story:

  • foreign leaders race to be the first to congratulate Donald Trump!

Top international energy story:


Top national non-energy story:

  • from last week, this did not age well: if polls are correct, Harris will win by a landslide
  • from last week, this  looks like "dirty tricks": polls suggesting Iowa had flipped to Harris 
  • Bill Maher predicted a Harris victory
  • how does a candidate who spent $1 billion on a campaign lose to a convicted convict?

Top national energy story:


Focus on fracking: current link here. Generally updated late Sunday night.

Top North Dakota non-energy story:

Top North Dakota energy story:


Geoff Simon's quick connects: link here.

The market in a nutshell: an incredible week for the market -- after Trump's win -- "animal spirits" were let loose --

All Major Indices Set New Records At Close Today -- November 8, 2024

Locator: 48741INVESTING.

Solar sitting it out.  

The chart of the day:


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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 something appears wrong, it probably is. Feel free to fact check everything.
  • 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.
  • Longer version here.

Toyota: EV Mandates In California Are "Impossible" -- November 8, 2024

Locator: 48740TOYOTA.

We all knew this.

No one was willing to say it.

The Trump election gives automobile manufacturers the cover they need to start speaking the truth.

Link here.

Unless "things" change ... we're going to find some huge dealerships in Primm, Nevada. And lots of on-line ordering of cars from out-of-state.

Meanwhile, Governor Newsom will use the "special session" to shore up sanctuary cities.

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Bill Maher Predicts A Kamala Harris Victory

Link here.


It's hard for me to wait until midnight tonight to watch SkyNews "Lefties Losing It."

Update On Apple's M5 -- November 8, 2024

Locator: 48739AAPL.

Updates

September 14, 2025: rumored to be available, laptop, iPad, 4Q25.
February 18, 2025
: update.
November 29, 2024: SoIC.
November 29, 2024: Apple orders the M5 chip for for delivery in late 2025.

Original Post

The Apple M5.

Link here.

Work on the M5 and A19 was said to have started back in 2023, suggesting that the company wanted to stay well ahead of the competition. In Mark Gurman’s latest ‘Power On’ newsletter, the Bloomberg correspondent reveals that updated iPad Pro models will arrive in the second half of 2025, with the display sizes remaining unchanged at 11 inches and 13 inches. Both tablets are said to feature the codenames J607 and J637, and given that it is the first time that Apple introduced tandem OLED technology last year, the technology giant should have no reason or encouragement to switch to a different panel.

For all those wondering if Apple will transition to TSMC’s next-generation 2nm process for the M5, we highly doubt it.
Instead, the new chipset could be mass produced on the 3nm ‘N3P’ node, which is the Taiwanese semiconductor manufacturer's third variant after ‘N3E,’ which was used to fabricate the M4, A18, and the A18 Pro.
Earlier, TF International Securities analyst Ming-Chi Kuo commented that Apple will not introduce any 2nm chipset in 2025 due to insanely high wafer costs and predicted that the launch of silicon on such advanced lithography would happen in 2026 when Apple announces the iPhone 18 series.

One advantage that the M5 could flaunt over predecessors is that it could employ TSMC’s Small Outline Integrated Circuit Packaging, or SoIC. This type of packaging was first introduced in 2018 and allows the stacking of chips in a three-dimensional structure, resulting in better thermal management, reduced current leakage, and better electrical performance compared to the two-dimensional chip design. The specifications of the M5 are currently unknown, but a move to the improved 3nm process can mean that Apple may have the liberty to add more performance cores, just like what it did with the M4.

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Meanwhile, The Mess Over At Intel Continues

Link here.

A Linux patch suggests that Intel engineers plan to implement a feature that tags your system as vulnerable if you're running outdated microcodes, (via Phoronix). This comes in light of the recent Intel 13th Generation and 14th Generation degradation fiasco, which is now pushing Team Blue towards a class action lawsuit.

The patch argues that you cannot run a system with old microcode and consider it safe. Microcode is basically a set of instructions in the CPU that can be updated post-launch to fix critical flaws and security vulnerabilities. The patch proposes that users should be informed clearly and concisely that their PC is potentially unsafe - marking the system as vulnerable or not vulnerable. The author calls to report this vulnerability in "/sys/devices/system/cpu/vulnerabilities/old_microcode", so that a single file can be used to prompt the user to update their microcode.

Update, Saturday, November 9, 2024: with regard to the "mess over at Intel," link here:


Or, direct to The Verge.

From the linked article:

Reviews of Intel’s new Arrow Lake-based Core Ultra 9 200S-series processor have been lackluster, specifically when it comes to gaming performance, but Intel says that’s not the end of the story.
Its new chips should be performing better, and the company will have an ETA on getting them there soon, according to Robert Hallock, Intel’s VP and GM of client AI and technical marketing, in a new interview with HotHardware’s Dave Altavilla and Marco Chiappetta.
Intel was up-front in saying these new chips wouldn’t beat AMD’s chips for gaming. But reviewers’ findings have been unexpectedly poor. Despite some efficiency gains like those noted in Tom Warren’s Verge review of the Core Ultra 9 285K, the new chip seems to lag behind even Intel’s earlier Raptor Lake chips in gaming. That’s to say nothing of its performance versus AMD’s very good Ryzen 9800X3D.

It will be interesting to see if analysts read these reports.