Poe Field Has Been Updated

Poe field has been updated.

If you want to see some nice wells, check out the wells in this field. Be sure to look at the cumulative production and months since the wells have been fracked.

This field is right in the heart of one of the best sweet spots in the Bakken, or perhaps just slightly west of the sweet spot.

This is KOG's Koala field.

It's a nice field to compare KOG head-to-head with BEXP, CLR, Zavanna, and SM Energy who also have a well or two in this field. I remember folks "complaining" about BEXP "hyping" their IPs. KOG is matching BEXP's IPs in this field, and I haven't heard a word about KOG hyping their IPs. Just saying. Whatever. The proof will be in the one-year, three-year, and five-year production totals. And we're not there yet.

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A Note to the Granddaughters

Our country's GDP contracted this most recent quarter, with a GDP of -0.1%. Someday that might make sense to you.

I continue to read David Graeber's Debt: The First 5,000 Years, c. 2011. Of course no one knows how long the book had been in draft or a sparkle in the author's eyes before it was available to the general reading public.

Out of context, from the last chapter, nearing the end of the book, in which Mr Graeber asks, "So, what is capitalism, anyway?"

All this raises the question of what 'capitalism" is to begin with, a question on which there is no consensus at all. The word was originally invented by socialists, who saw capitalism as that system whereby those who own capital command the labor of those who do not. Proponents, in contrast, tend to see capitalism as the freedom of the marketplace, which allows those with potentially marketable visions to pull resources together to bring those visions into being.

Just about everyone agrees, however, that capitalism is a system that demands constant, endless growth. Enterprises have to grow in order to remain viable.

The same is true of nations. Just as five percent per annum was widely accepted, at the dawn of capitalism, as the legitimate commercial rate of interest -- that is, the amount that any investor could normally expect her money to be growing by the principle of interesse -- so is five percent now the annual rate at which any nation's GDP really ought to grow.

What was once an impersonal mechanism that compelled people to look at everything around them as a potential source of profit has come to be considered the only objective measure of the health of the human community itself.

Again, note: our economy contracted this last quarter, very soon after the worse (?) recession in modern US history.  And pundits would be happy with a GDP of 3%.

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I won't back down:

I won't back down, Tom Petty The member you may not recognize is Mike Campbell, not Brian May.

What a great song! What a great country!

And then this:

Rhiannon, Stevie Nicks
1976:

Rhiannon, Stevie Nicks, Fleetwood Mac