Four DUCs Reported Monday In North Dakota; Hess Reports Two Completed Wells In The Bakken; September 13, 2015

Active rigs:

	9/13/2015	09/13/2014	09/13/2013	09/13/2012	09/13/2011
Active Rigs	69	199	180	192	200

Wells coming off the confidential list this weekend, Monday:

Monday, September 14, 2015:

• 29579, SI/NC, XTO, Satter 31X-1CXD, Sivertson, no production data;
• 30097, 1,702, Hess, BB-Ole Anderson-151-95-3130H-4, Blue Buttes, t8/15; cum --
• 30698, SI/NC, Statoil, Hospital 31-36 7H, Alger, no production data;

Sunday, September 13, 2015:

• 29990, SI/NC, Abraxas, Stenehjem 5H, North Fork, no production data;
• 30451, 791, Hess, EN-D Cvancara S-154-93-0904H-11, Robinson Lake, t8/15; cum --

Saturday, September 12, 2015:

• 29578, SI/NC, XTO, Satter 31X-1G2, Sivertson, no production data;

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Close?

I thought the California initiative to cut gasoline usage by 50% in that state within 15 years was a stunt. How wrong I was. I don't think I, or most Californians, understand how close this initiative came to pass. See the Los Angeles Times story here.

My hunch is that however this proposal began, it gained momentum when Jerry Brown et al saw how easy it was to cut water consumption in their state by 30%.

Something tells me this bill will be re-packaged, new alliances formed, and the bill will re-surface next year.

The unintended consequences, of course, would be severe. Already state revenue from gasoline taxes is not keeping up with required road maintenance, much less new roads that are needed. Cut gasoline usage by 50% and tax revenue will be cut proportionately but highway maintenance will still be required (new roads may not be required). The tax revenue lost would, of course, be made up with new "fees" for all registered vehicles.