Wells Coming Off Confidential List This Next Week -- December 15, 2024

Locator: 48396B.

Wednesday, December 25, 2024: 45 for the month; 148 for the quarter, 676 for the year
40335, conf, Grayson Mill, Sponheim 31-34F 2H,
40334, conf, Grayson Mill, Sponheim 31-34F 1H,
40333, conf, Grayson Mill, Hopes 30-27F-3H,
40332, conf, Grayson Mill, Hopes 30-27F 2H
40331, conf, Grayson Mill, Hopes 30-27F 1H,
40198, conf, Grayson Mill, Hopes 3-27F 4H,
38491, conf, Petro-Hunt, State 153-95-17B-16-1H,
37666, conf, BR, Nordeng 1A MBH,

Tuesday, December 24, 2024: 37 for the month; 140 for the quarter, 668 for the year
40002, conf, Hess, GO-Hoyt-LE-157-97-2833H-1,
38490, conf, Petro-Hunt, State 153-95-17B-16-2H,
37584, conf, Enerplus, Niobium 147-93-09D-04H,
26491, conf, Grayson Mill, Wahus State 152-97-12-1-3H,
26490, conf, Grayson Mill, Wahus State 152-97-12-1-11,

Monday, December 23, 2024: 32 for the month; 135 for the quarter, 663 for the year
40001, conf, Hess, GO-Hoyt-157-97-2833H-2,
35510, conf, Enerplus, FB Clinton 148-94-29B-32-8T,
35509, conf, Enerplus, FB Clinton 148-94-29B-32-7B,

Sunday, December 22, 2024: 29 for the month; 132 for the quarter, 660 for the year
None.

Saturday, December 21, 2024: 29 for the month; 132 for the quarter, 659 for the year
37667, conf, BR, Nordeng 1B TFH,

Friday, December 20, 2024: 28 for the month; 131 for the quarter, 658 for the year
40039, conf, Hess, BL-Hersel-156-95-0910H-2,

Thursday, December 19, 2024: 27 for the month; 130 for the quarter, 657 for the year
35511, conf, Enerplus, FB Clinton 148-94-29B-32-9B,

Wednesday, December 18, 2024: 26 for the month; 129 for the quarter, 656 for the year
None.

Tuesday, December 17, 2024: 26 for the month; 129 for the quarter, 656 for the year
None.

Monday, December 16, 2024: 26 for the month; 129 for the quarter, 656 for the year
40038, conf, Hess, BL-Hersel-156-95-0910H-1,
38489, conf, Petro-Hunt, State 153-95-17B-16-3H,
37585, conf, Enerplus, Yttrium 147-93-16A-21H,
35512, conf, Enerplus, FB Clinton 148-94-29B-32-10B,

Sunday, December 15, 2024: 22 for the month; 125 for the quarter, 654 for the year
None.

Saturday, December 14, 2024: 22 for the month; 125 for the quarter, 654 for the year
None.

ABC News Guilty Of Defamation, Media Uses The Word "Unusual" -- December 14, 2024

Locator: 48395DEFAMATION.

Tag: Caitlin Clark

Must read: link here. Time's athlete of the year. The WNBA commissioner, a CPA, and an extremely successful one, is not happy. She feels someone else's face should have been on the cover of Time. Cat fight. My wife says someone's cat claws have come out. Someone said that (my wife) not me.

FCS Championship Brackets -- Tonight -- Montana Vs Idaho -- December 13, 2024

Locator: 48394FOOTBALL.

Updates

December 14, 2024:

Original Post

Link here.

The USS Idaho launched August 16, 2024. Link here. A Virginia-class nuclear submarine.

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Sophia After Practice

Link here.

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Word For The Day

Hybristophilia. 

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The Book Page

9:55 p.m. CST. Friday night. I'm reading the current issue of The New York Review of Books, December 19, 2024, and listening to 60's and 70's folk music on YouTube. Memories. 

Never quit reading. 

"You Only Live Twice," Alexander Leggatt, an essay on two books, both from the Yale University Press, Second Chances: Shakespeare and Freud, Stephen Greenblatt and Adam Phillips, 218 pp; and, Shakespeare in Bloomsbury, Marjorie Garber, 2023, 392 pp. 

I would have no interest in reading the first book, the one by Leggatt, but the second one is intriguing. Bloomsbury is a metonym for Virginia Woolf and her crowd. I've gone through "my Shakespeare phase" multiple times, and, likewise, "my Virginia Woolf phase," several times. At one time I had extensive libraries of both but have since culled the shelves and only a dozen or so of each (Shakespeare / Woolf) have survived. I'm tempted to order the book, hardcover, list price $35, but 36% off at Amazon, $22.50, and free shipping. At $22, practically being given away. But it appears to cover what I've covered before -- except for the last section on Shakespeare and the theater. 

It turns out Ms Woolf preferred Shakespeare read to Shakespeare acted, and I agree. I find Shakespearean stage plays -- the tragedies -- boring and slow and unnatural. When one reads Shakespeare, Woolf says the reader has "special privileges. He can pause; he can ponder; he can compare .. He can read what is directly on the page, or, drawing aside, can read what is not written." She wrote in her diary: "Shall I read King Lear? Do I want such a strain on the emotions: I think I do." One senses that for her the private experience of reading King Lear was more emotionally demanding than seeing it on the stage. And private reading can produce a deep response whose effect an outsider can only guess at.

Speaking of "a deep response whose effect an outsider can only guess at" takes me to an essay in the same issue, "Lebanon's Year of Living Ambiguously," Charles Glass. After reading the essay, I wrote at the top, "probably one of the saddest essays I've ever read."

Who is Charles Glass? A former Chief middle East Correspondent for ABC News and the author of They Fought Alone: The True Story of the Starr Brothers, British Secret Agents in Nazi-Occupied France (sounds intriguing, interesting) and Soldiers Don't Go Mad: A Story of Brotherhood, Poetry, and Mental Illness During the First World War. Much could be said. Reminds me of one of my most cherished books: The Great War and Modern Memory, Paul Fussell, c. 1975.

For the archives. Nothing to do with the Bakken.

The Sixth Industrial Revolution And The Investing Challenge -- December 13, 2024

Locator: 48393INVESTING.

Investing in AI: why it's going to be so incredibly difficult for investors with a 30-year horizon to invest in AI. 

AI is the sixth industrial revolution, but unlike the second and third industrial revolutions in which there were a handful of winners (identified early), there will be a huge number of players in the sixth industrial revolution -- trying to find winners will be like finding needles in a haystack.

The commodity of interest in AI is not lithium, or silicon, or copper, but rather human brain power. 

Think:

• Silicon Valley (California)
• Utah
• central and north-central Texas
• Nashville
• south India

CEO: non-white distribution in US. Link here.

Tan Hock, from wiki:

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Speaking of India

Link here.

Apple will begin assembling its AirPods wireless earbuds in India for the very first time, starting early next year.

Foxconn is scheduled to begin making the AirPods at a factory located near Hyderabad in Telangana state, beginning around Q1 2025. Hyderabad is near the geographic center of India.

The factory is already making AirPods on a trial basis, and manufacturing will ramp up quickly after production begins.

This will make AirPods just the second major Apple product to be assembled in India. Some models of the iPhone are also assembled in the country. Apple had first begun talking to Foxconn about assembling AirPods in India back in 2023. Foxconn executives were at first reluctant to assemble AirPods, due to the relatively low profit margins. However, the company decided to go ahead with the plan to “reinforce engagement” with Apple.

TGIF At The Close -- WTI Jumps To $71.29 -- December 13, 2024

Locator: 48392B.

AVGO: joins the $1-trillion club.

Morgan Stanley: AAPL is their #1 pick for calendar year 2025. Link here. AAPL eked out a slight gain today. 

BRK-B: has declined in value every day since November 29, 2024 with one or two exceptions. The Dow has been in steep decline since December 4, 2024, one of the longest such stretches in quite some time. 

China: officially switching from oil to coal. Link here. COP29 -- the day the music died. 

Wind / solar too expensive, not dispatchable; can't come close to meeting needs for EVs; nuclear, too far into the future to make a difference. Trade imbalance forces China to limit oil imports. The only option left to power all those EVs? Coal.

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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. Nvidia is a metonym for AI and/or the sixth industrial revolution.
  
• Longer version here. 

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Back to the Bakken

WTI: $71.29. Up almost 2%. Why? Mideast uncertainty according to The NYT. XOM and CVX shares fell today.

Active rigs: 37.

Three new permits, #41425 - #41427, inclusive:

• Operator: EOG
• Field: Phaelens Butte (McKenzie)
• Comments:
• EOG has permits for three Mandaree wells, SWNW 20-149-94, 
• to be sited 333 FWL and the following distances FNL: 2455; 2495; and, 2535.

One producing well (a DUC) reported as completed:

• 40611, 1,421, MRO, Severson 31-14H, Bailey, t--; cum --;

The MRO Severson well is on an eleven-well pad. The parent well:

• 17875, a single well to the west of the mega-pad, 608, MRO, Lily 24-11H, Bailey, off line; t7/09; cum 234K 5/24;

The wells on the 11-well pad, are all one drl/A status with less than 15 days of production reported:

• 40609, Selmer,
• 40610, Sneve, TFH,
• 40611, Severson,
• 40612, Betts,
• 40613, Foss, TFH,
• 40564, Whitaker,
• 40614, Elliot, TFH,
• 40615, Zwenke,
• 40616, Rocky, TFH,
• 40617, Purrier,
• 40618, Eubanks,