Wednesday: Bakken To Produce Almost 1 Million BOPD in November -- US EIA

Active rigs: 182 (steady, trending down)

RBN Energy: announcement for RBN Energy's Back2Back, Spring 2014 School of Energy; first week of March, 2014, Houston, TX. Registration now open.

Reuters via Rigzone is reporting:

Oil production from the six fastest-growing oil and gas regions in the United States is projected to increase by 60,000 barrels per day in November from October, the U.S. Energy Information Administration said in a new set of data released on Tuesday.

In the first installment of its Drilling Productivity Report, the EIA issued projected oil and gas production figures for October and November from the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara and Permian basins and formations.

By far the largest growth in production will come from the Bakken formation, mostly in North Dakota, and the Eagle Ford, mostly in Texas. Bakken oil output is projected to rise by 25,000 bpd to 960,000 bpd in November from 935,000 bpd in October, and Eagle Ford is expected to increase 24,000 bpd to 1.09 million bpd from 1.07 million bpd.

The EIA figures agree very, very closely with my projections. If you want to see those projections, scroll down at the link for various projections.

***********************************

A Note To The Granddaughters

I spend a lot of time with the two granddaughters (but it is never enough). We do a lot of "verbal" math, asking questions while driving.  The second grader is trying to do multiplication, to keep up with the fifth grader.

The other day I asked the second grader what "two times eight is?" Now, remember, she has not had multiplication in school yet.

She mumbled a bit and then said 16. I asked her how she got the correct answer so quickly.

Her exact words, as best I remember them (I had her repeat this explanation on two later occasions, and she said it almost the same):

• Well, you take 2 from 8 and you get ten.
• And that leaves 6.
• And 10 and 6 is sixteen.

I initially said that "taking 2 from 8 does not get you ten." She ignored me. I thought about it awhile, and this is how she is doing it.

She has a mental picture of two groups of eight objects. Let's say, two groups of eight hedgehogs, her favorite "toys," little fluffy furballs of which she has about 16, coincidentally.

So, she has a mental picture of two groups of eight hedgehogs, when asked the question, how much is two times eight?

She has a mental picture of two groups of eight hedgehogs.

She takes two from the first group and puts them with the second group, thus giving her ten in that group. Immediately she recognizes that she only has six in the first group, and it's obvious that she has 6 + 10 resulting in 16.  She obviously does this in her mind as quickly as someone who has memorized, by rote, 2 x 8 = 16.

Later, at dinner, she told us that when groups are bigger than five one cannot use fingers to solve multiplication problems. Actually when groups are bigger than three one cannot use fingers because two groups of three gets you six which requires a six-fingered hand (if one is moving everything to one hand).

3 x 8? Three groups of eight. Take two from one group, and make two groups of ten. Voila: 24.