EOG Reports A Huge Well Monday -- The Bakken; The Train Wreck In Slow Motion

Active rigs:

	5/11/2014	05/11/2013	05/11/2012	05/11/2011	05/11/2010
Active Rigs	192	185	209	176	114

Monday, May 12, 2014

• 25661, 65, EOG, Wayzetta 25-1617H, Parshall, middle Bakken, 35 feet, 25 stages; 10 million lbs, t12/13; cum 49K 3/14;
• 26246, 500, CLR, Bildt 1-25H1, Leaf Mountain, t4/14; cum 2K 3/14;
• 26295, drl, HRC, Fort Berthold 148-94-35C-26-3H, McGregory Buttes, no production data,
• 26721, 1,268, CLR, Colter 6-14H2, Bear Creek, t3/14; cum 14K 3/14;
• 26846, drl, Hess, EN-Weyrauch-154-93-1918H-9, Robinson Lake, no production data,

Sunday, May 11, 2014

• 25862, 1,312, Newfield, Holm 150-98-5-8-2H,  Siverston, t3/14; cum 18K 3/14;
• 26426, drl, Murex, Brayden Alexander 20-17H, Writing Rock, one day of production,

Saturday, May 10, 2014

• 25798, drl, CLR, Lannister 1-23H1, Leaf Mountain, no production data, 
• 26046, drl, BR, Capitol 14-7MBH, Westberg, no production data,
• 26117, drl, HRC, Pasternak Trust 157-100-19C-18-3H,  Marmon, no production data,
• 26375, drl, KOG, P Vandeberg 154-99-1-1-12-16H,  Stockyard Creek, no production data,
• 26461, 1,982, MRO, Skold 34-35TFH, Reunion Bay, t3/14; cum 9K 3/14;
• 26881, conf, XTO, FBIR Guyblackhawk 24X-27E, Heart Butte, no production data,

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

25661, see above, EOG, Wayzetta 25-1617H, Parshall:

Date	Oil Runs	MCF Sold
3-2014	29456	1
2-2014	7087	0
1-2014	222	0
12-2013	10758	0
11-2013	328	0

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The Train Wreck Continues -- As If In Slow Motion

Politico is reporting:

Nearly half a billion dollars in federal money has been spent developing four state Obamacare exchanges that are now in shambles — and the final price tag for salvaging them may go sharply higher.

Each of the states — Massachusetts, Oregon, Nevada and Maryland — embraced Obamacare, and each underperformed. All have come under scathing criticism and now face months of uncertainty as they rush to rebuild their systems or transition to the federal exchange.

The federal government is caught between writing still more exorbitant checks to give them a second chance at creating viable exchanges of their own or, for a lesser although not inexpensive sum, adding still more states to HealthCare.gov. The federal system is already serving 36 states, far more than originally anticipated.

I remember when we first startied talking about ObamaCare: it was the intent that states develop their own websites. It became somewhat of a joke to watch the ObamaCare apologists tell us that the states opting out were out of the mainstream. Thirty-six states are now completely supported or supported at least to some extent by the federal website. One can assume that four more states will soon join this merry band of thieves.

By the way, this is simply income redistribution, exactly what some folks in Washington, DC, want: redistributing taxpayer's money to those working on websites, many of whom might actually be US citizens. Except for those working in Bangladesh.