Random Update On Three EOG Austin Wells In The Parshall Oil Field -- September 19, 2015

The first two wells below are short laterals in section 30-154-90; the third well is a long lateral, most of which is that same section, 30-154-90; however it begins in section 29, goes through section 30, and ends in section 19-154-90 (ICO spacing; application for 1920-acre).

For some reason I had two of these wells on my list of wells to follow up on. I do not recall why. Note that the first well - a simple, short lateral - is nearing the 1-million-bbl milestone. 

• 17500, 2,162, EOG, Austin 19-30H, Parshall, open hole, 1.4 million lbs sand; t11/08; cum 841K 7/15;

• 18912, 442, EOG, Austin 125-30H, Parshall, Three Forks, 17 stages, 1.9 million lbs sand, t7/10; cum 112K 7/15;

• 24076, 1,049, EOG, Austin 31-2919H, Parshall, ICO, 50 stages, 10.2 million lbs sand, t8/13; cum 499K 7/15;  (the scout ticket says it was test 9/14, but sundry forms show it was stimulated/tested 8/13); first production was 9/13; a sundry form that shows the "production methods were changed from flowing to an ESP on October 8, 2013; spud June 11, 2013; cease drilling June 24, 2013; TD 20,162 feet; 

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The Apple Page

Revamped Infinite Loop Apple Store in Cupertino now open.
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Apple's newly designed store in Brussels open; first Apple store to be located in Belgium.
Apple watch launches in Austria, Denmark, and Ireland, next week.

From Carpe Diem:

Oil companies like ExxonMobil have long been vilified by the media, politicians and progressives for being greedy and making a lot of money, which has then frequently provoked proposals from politicians for “windfall profits taxes” on oil companies.

I thought it would be a good time to point out that last year, Apple’s profits ($39.5 billion) were bigger than evil ExxonMobil’s ($32.5 billion), it paid less in income taxes ($13.9 billion) than ExxonMobil ($18 billion), its tax rate was lower (26.1% vs. 34.7%), and its whopping profit margin of 21.6% was a lot higher than Exxon’s 8.25%.

But many of those who complained for years about Exxon’s profits now seem to be silent about Apple?