Wells coming off the confidential list Thursday:
- 31248, 1,272, EOG, West Clark 104-0136H, Clarks Creek, middle Bakken, 36 stages, 21 million lbs, t5/16; cum 86K 9/16;
- 31945, SI/NC, Enerplus, Fire 151-94-16DH, Clarks Creek, no production data,
- Operator: Statoil
- Field: Painted Woods (Williams)
- CLR (5): five Jack permits in Dunn County
- EOG (3): three Austin permits in Mountrail County
- BR (3): two Pacific Express permits and one Atlantic Express permit, all in Dunn County
- Lime Rock Resources III-A (2): two Raphael Stroh permits, Dunn County
- two Broderson wells and two Garmann wells, all in McKenzie County
- 30297, 1,385, Hess, EN-Weyrauch C-154-93-2932H-5, Robinson Lake, t10/16; cum --
- 30298, 794, Hess, EN-Weyrauch C-154-93-2932H-6, Robinson Lake, t10/16; cum --
31945, see above, Enerplus, Fire 151-94-16DH, Clarks Creek:
|Date||Oil Runs||MCF Sold|
The Inflation Page
If anyone can make sense of he/she is doing better than I am. From The Wall Street Journal:
The rise in Treasury yields slowed this week, highlighting skepticism in some quarters that Donald Trump’s presidency will usher in a period of rising inflation.
The yield on the 10-year Treasury note, which falls as prices increase, fell Wednesday, following a muted rise on Tuesday, while the 30-year bond yield fell both Tuesday and Wednesday.
Yields had surged since the U.S. presidential election on the view that Mr. Trump’s tenure will generate a period of rising inflation, as he pursues policies such as tax cuts, regulatory rollbacks and infrastructure spending to boost economic growth.
Market-based inflation indicators were rising before Mr. Trump’s victory last week, following sharp declines earlier in 2016.Yada, yada, yada. Then:
Some economists and businessmen wrote an open letter in 2010 warning then-Federal Reserve Chairman Ben Bernanke that monetary stimulus would have inflationary consequences, a view that now seems thoroughly discredited.
Inflation has failed to hit the Federal Reserve’s 2% annual target for more than four years.
The U.S. producer-price index for final demand, a measure of business prices, held flat in October compared with the prior month, data showed Wednesday. Prices were up 0.8% from a year earlier.Yada, yada, yada. Then:
One reason one analyst thinks inflation is set to stay low is the nation’s $19.8 trillion debt load. The increase in debt stands to make each dollar go less far in spurring growth, the analyst said. From 1952 to 1999, it took about $1.70 in nonfinancial debt for gross domestic product to expand by $1. In the year through June, it took $4.90 to do the same.
The national debt could increase $5.3 trillion over a decade should Mr. Trump cut taxes and boost spending as he has said during the campaign.
Even after stimulus projects are completed, their impact on inflation isn’t necessarily positive. Improving roads and rails to make transportation more efficient can actually cut per-unit costs. He cited the New Deal package in the 1930s and the highway-construction spending of the 1950s as big stimulus measures that didn’t in their own right boost prices.Before the election, I wrote to a friend in California, a huge Hillary supporter that I had resigned myself to a Clinton presidency. I had comes to terms with Sharia law in Detroit existing side-by-side with Judeo-Christian-based-US-constitutional law, and was no longer concerned with increasing US debt.
I guess I was half-right.
Sharia law in Detroit is yet to play itself out, but I see the Democratic party will probably nominate a Minnesota Muslim as its new head.