Monday, June 27, 2016

New NDIC Presentation With Emphasis On Inactive Wells, DUCs; Future Of The Bakken At Various Price Points -- June 27, 2016

A reader notes a new presentation from NDIC, dated June 24, 2016. The presentation provided information on "inactive wells" and proposed changes to give operators sufficient either to restore production or plug and reclaim the well. Some data points:
  • as of the end of April, there were 1,590 inactive wells (on top of the 900 or so DUCs)
  • estimated price point for those wells to return to production: $40 - $45 / bbl WTI
  • as of the end of April, there were 890 DUCs
  • estimated price point for DUCs to be completed: $50 - $60 / bbl WTI
Sea of Heartbreak

Someone said:
Don Gibson wrote "Oh, Lonesome Me" and "Sea of Heartbreak" on the same day. There can't be more than a handful of songwriters in history to write two great hits in just a single day.  
In addition, his "I Can't Stop Loving You" was the B-side of "Oh, Lonesome Me." Not fact-checked.

Brexit: a "sea of heartbreak." 

Sea of Heartbreak, Don Gibson

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