How Irrelevant Is The Rig Count? Platts Tells You -- October 28, 2015

Tweeting now, from Platts:

Hess to halve Bakken Shale rig count in 2016 compared with 2015 levels, but oil and gas production to remain relatively flat.

In the Bakken, operators have gone from 240 rigs to 68 rigs and daily production is up slightly from a year ago.

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Update On Four CLR Pasadena/Monroe Wells

A reader wrote moments ago that CLR has now completed these wells; the reader expects royalty checks from these four wells soon. Right now, they all show up as DUCs (SI/NC) or on DRL status.

Operators have 30 days after the last day of the month in which the wells were completed to report production or same period after first sales (something like that; I've forgotten the specifics). Bottom line: if the wells were completed sometime in October, the file reports over at the NDIC might not be updated until December.

The wells under discussion, first pad:

• 23790, SI/NC, CLR, Pasadena 2-2H, Banks, no production data,
• 23791, SI/NC, CLR, Pasadena 3-2H1,Banks, no production data,
• 23792, SI/NC, CLR, Monroe 2-2H1, Banks, no production data,
• 23793, SI/NC, CLR, Monroe 3-2H, Banks, no production data, 

Second pad:

• 30251, drl, CLR, Monroe 7-2H, Banks, no production data,
• 30252, drl, CLR, Monroe 9-2H, Banks, no production data,
• 30253, drl, CLR, Monroe 6-2H, Banks, no production data,
• 30254, drl, CLR, Monroe 8-2H, Banks,   no production data,

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A Note To The Granddaughters

How about this? Can you imagine this?

One of your long-time neighbors visits another neighbor in your neighborhood for the first time. Your long-term neighbor is a meek, mild insurance agent. He just goes next door to meet his neighbor just to be social. The other neighbor is a bachelor, is very friendly; invites him in. The bachelor seems moderately well off, and it appears, based on the conversation, he apparently inherits money on a fairly predictable schedule.

While talking with his bachelor neighbor, your meek, mild insurance agent finds the the other man so creepy and the conversation becomes so strange, that he abruptly leaves, goes home, finds a shotgun he got from his father and has used only once for hunting, and then goes over to shoot and kill that bachelor neighbor.

The insurance agent subsequently disappears, last known to be holed up somewhere on the West Coast.

That's the story line for Edmund Wilson's "The Man Who Shot Snapping Turtles," the first short story in Memoirs of Hecate County. The story is so well written, it seems to be about a man who shot snapping turtles.

Another great ghost story writer was Henry James.