The Million Dollar Way (The Bakken Oil Blog)
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The Million Dollar Way is authored by Bruce Oksol who writes and shares the latest Oil related updates. The blog's sole purpose is to help the author understand Bakken and put it in context with global geopolitical events.
The Million Dollar Way (The Bakken Oil Blog)
58m ago
Locator: 47053EOR_XTO.
From the blog:
30912, NDIC, XTO, wells in sections 27 / 34 - 148-96 to be used as injection wells for EOR, Dunn County;
From the NDIC hearing dockets:
Again, this is an NDIC case, and not a permit. But apparently, the permits have now been awarded.
From Geoff Simon's weekly top stories, Friday, May 3, 2024:
The maps:
http://milliondollarway.blogspot.com ..read more
The Million Dollar Way (The Bakken Oil Blog)
1h ago
Locator: 47052HESS.
I'm consistently amazed and irritated how CNBC consistently fails to report some really amazing stuff.
It took me awhile to get to Hess' earnings. Because I had seen no headlines, I thought the report would have been boring. Wow, it is amazing, this report was not given larger exposure especially considering the current Exxon - Chevron - Hess - Guyana story.
Link here.
Before you read further, remember that some major E&P oil companies not only missed earnings estimates but reported really poor results.
So, let's get started.
1Q24 earnings: $3.16
beat the Zacks Co ..read more
The Million Dollar Way (The Bakken Oil Blog)
2h ago
Locator: 47051TECK.
Link here.
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The Million Dollar Way (The Bakken Oil Blog)
3h ago
Locator: 47050JOBS.
Spend some time on these government and non-government sites.
This is what "everyone" was watching so closely all day today.
This BLS site: I was unable to change the dates on my iPad but on the MacBook Air worked fine.
Monthly changes, 1984 - 2024:
Monthly changes, 2023 - 2024:
Very same data, but easier to read, from Trading Economics, 10-year history:
http://milliondollarway.blogspot.com ..read more
The Million Dollar Way (The Bakken Oil Blog)
4h ago
Locator: 47049TOPSTORIES.
Top story:
Israel gives Hamas one week to release the hostages
AAPL, QCOM, AMGN
Biden administration says oil is too expensive for government to refill SPR at this time.
Top international non-energy story:
Ukraine
France's Macron ready to send French troops into Ukraine
Top international energy story:
Exxon - PXD acquisition deal closed; $60 billion deal;
Top national non-energy story:
Trump criminal trial continues; enters third week next week;
Top national energy story:
WTI drops below $79.
Focus on fracking: link here.
Top North Dakot ..read more
The Million Dollar Way (The Bakken Oil Blog)
6h ago
Locator: 47048B.
During the heydays of the Bakken boom, no one -- I don't think anyone -- expected this. And some folks still don't believe / accept it. A lot of folks don't understand it.
The wells:
33330, 2,093, XTO, Dakota Federal 42X-36XHE, Bear Den, McKenzie County;
34942, SI/A, XTO, Dakota Federal 42X-36XCR, Bear Den, McKenzie County;
16319, 410, XTO, Bear Den State 2-36H, Bear Den, McKenzie County, t4/08; cum 265K 3/24;
Production:
16319:
Pool
Date
Days
BBLS Oil
Runs
BBLS Water
MCF Prod
MCF Sold
Vent/Flare
BAKKEN
3-2024
31
14336
14420
5937
22507
22057
162
BAKKEN
2-2024 ..read more
The Million Dollar Way (The Bakken Oil Blog)
6h ago
Locator: 47047ECONOMY.
I lost the bubble on the US equity market this week, but the tickers that caught my eye: AAPL, QCOM, and AMGN.
Biggest story? Exxon completes $60 billion acquisition of Pioneer.
The dumbest thing I heard all week on CNBC: a panelist on "Fast Money" recommended Peloton and recommended staying away from AAPL.
The most fascinating company: TSLA. Has Musk abruptly changed his strategic focus? We may not know for quite some time.
Most hypocrticial: "High oil prices force Biden administration to halt SPR refill plans. The Biden administration has cancele ..read more
The Million Dollar Way (The Bakken Oil Blog)
6h ago
Locator: 47047ECONOMY.
Global economy: in much better economic condition that most folks realize. Unemployment globally is not a major issue. Unemployment is one of three components of "stagflation."
US unemployment: link here to the Washington Post. Sets record of most consecutive months (27?) with unemployment below 4%.
This is the data point that was responsible for the surge in the market today, Friday, May 3, 2024, along with Apple's March quarter results and Amgen's weight medication announcement.
But, Europe, also is doing very, very well, link here.
Unemployment in the Eurozone re ..read more
The Million Dollar Way (The Bakken Oil Blog)
7h ago
Locator: 47046BUFFETT.
Apple and Buffett without Munger. Link here to WSJ.
Apple is Warren Buffett’s greatest investment. It has also become one of his riskiest.
In 2016, Buffett made perhaps the most surprising bet of his career. That year, Berkshire Hathaway, the company he runs, began buying up shares of Apple—the exact kind of stock Buffett and his longtime partner, Charlie Munger, had long avoided.
A few years earlier Buffett, in a conversation with executives of another firm, had suggested that Apple fit the profile of a stock one might short, rather than a company to buy, ac ..read more
The Million Dollar Way (The Bakken Oil Blog)
9h ago
Locator: 47045QQQ.
May 3, 2024: link here.
April 29, 2024: link here.
April 29, 2024: link here.
http://milliondollarway.blogspot.com ..read more