Reason 23,888 Why I Love To Blog -- December 2, 2014

Some time ago a reader suggested I take a look at a certain well in Divide County.

The "total depth" suggested this might be a "true-3-section-long" horizontal lateral. It turns out it was.

I've updated the well here.

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Another Nail In The OPEC Coffin

Wichita BizJournal is reporting:

Flint Hills Resources said construction has begun on a project that will allow its west refinery in Corpus Christi, Texas, to process 100 percent domestic crude oil.

The project will cost around $600 million, will employ around 2,000 contractors and will be finished in three years.

Once complete, the refinery will have the capability to handle about 230,000 barrels of oil per day entirely of domestic crude.

Followers of RBN Energy will understand what this is all about ... "entirely of domestic crude."

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For Investors 

From the press release:

ONEOK, Inc. today announced that its 2015 cash flow available for dividends is expected to be in the range of $580 million to $660 million, reflecting higher anticipated cash distributions received from its general and limited partner interests in ONEOK Partners.

The 2015 earnings guidance also includes a 14 percent increase in shareholder dividends declared compared with 2014, including a projected 2.25-cent-per-share-per-quarter increase in dividends declared.

ONEOK also has estimated average annual dividend declared increases of 12 to 15 percent between 2014 and 2017.

Remember: This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or what you think you may have read here. Make no travel plans based on what you read here. I post quickly and frequently; typographical and factual errors are likely. If this information is important to you, go to the source.

Although it didn't close at a new high, I believe the Dow traded at new highs today. BRK-B hit a new high at 150.

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Hot Under Someone's Collar

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Until Global Warming Came Along, It Never Rained In Southern California

Note to the Granddaughters

I spent my coming-of-age years in southern California. I can't say I would have wanted to have grown up there or retired there, but I do have some great memories of southern California, specifically, Los Angeles, Pasadena in the north all the way to the south to San Pedro, along the I-110 corridor.

From wiki: In December 1978, the Harbor Freeway was approved as an Interstate Highway. In 1981, the SR 11 designation was renumbered as Interstate 110 on the Harbor Freeway, and State Route 110 on the Pasadena Freeway. 

After having lived in the Los Angeles/South Pasadena/Pasadena area for four years, I departed in 1977 and did not return for several years. During that absence I was completely unaware that what I used to think had been a state highway had been re-designated an interstate.

Whenever I visit southern California, I always enjoy driving that stretch from Dodger Stadium up to the Rose Bowl. A lot of good memories.

During my four years in southern California, back in 1973 - 1977, I don't recall any rain.

It Never Rains In Southern California, Albert Hammond, first released 1972     Have You Ever Seen The Rain, John Fogerty, released as a single, 1971

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At Least It's Hard To Catch 

Being tweeted now: Dallas County health is reporting its 1st adult flu death of the season - @NBCDFW -- 5:52 p.m. CT, December 2, 2014. Follow flu trends here.