Yes! Reason #3 Why I Love To Blog -- July 25, 2017

I have not read the article yet, but just from the headline I know what Mike is going to say. And my hunch is there is yet more that could be said.

The title of his most recent Bakken post at SeekingAlpha: Eagle Ford enhanced completions help show why the marginal cost of production remains low.

I said as much in this post on July 20, 2017, just 5 days ago: if OXY says they are getting Permian for $28/bbl, the "new" bbls coming out of the Bakken are much less -- using the same methodology OXY uses to cost-out oil production.

Summary of the Mike Filloon article:

• New well completions continue to produce more oil and this will continue to pressure the US Oil ETF (USO).
• Production improvements more than offset the increased costs
• The isolation of these well designs provide a look at where economics are headed as operators improve fracturing near the well bore
• Completions using more than 10 million lbs of proppant are improving economics in the Eagle Ford
• This was part of a presentation given at the Bakken Conference and Expo thebakkenconference.com

At the Filloon article, this graphic with the wells that interest me:

We're seeing the same thing in the Bakken. 

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Homeowners Paying A Huge Price For Solar Energy In California

Likewise, oilprice is noting the same thing I noted a few days ago: with the California "duck" or "Twin Peaks," residential users are paying a heavy price for solar energy while government agencies, manufacturing plants, and businesses are getting a huge break. 

Elon Musk, a manufacturer, must be loving it.