Monday, October 5, 2015 -- Part IV; Was It The Volkswagen Janitorial Staff?

Memo to self: come back to this one later. This is interesting This well was taken off-line while EOG "executed a downspacing and infill drilling program." The well was placed on inactive status, and I had expected such a good well to come back on-line when the other neighboring wells were completed. But I see now that the well is on AB (abandoned) status:

• 17011, AB/1,663, EOG, Parshall 4-20H, t7/08; cum 415K 6/14; IA as of 5/14; shut in while EOG executes a downspacing and infill drilling program; dated August 19, 2014;

No sundry form with explanation. The sundry form dated August 19, 2014, does foreshadow possible explanations.

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Blame It On The Boss

Volkswagen wouldn't be first company to go belly up. Enron did. GM almost did; their financial "arm" relabeled. But top exec says Volkswagen's emissions scandal could kill the company.

The crisis, which has wiped out $34 billion in the company's value as shares have fallen, stems from the disclosure by the U.S. Environmental Protection Agency last month that VW had rigged nearly 5 million diesel cars in the U.S. to pass emissions tests even though they spewed far greater emissions on the highway.

VW admitted to the fraud and said 11 million vehicles are affected worldwide.
The New York Times reported Sunday that the cheating began in 2008 after Volkswagen's engineers figured out that the new diesel engines they had developed at great expense would not meet emissions standards in the U.S. and other countries. So they installed software to beat the tests, the Times reported based on unnamed sources with knowledge of the inquiry.

The cheating resulted from not wanting scrap the years of effort they had put into developing the engine. The report says VW is yet to pinpoint who was responsible for the cheating. Several engineers have admitted to creating the software aimed at cheating the tests.

The software may have been contained in parts from a big auto industry supplier, Continental. But a Continental spokesman denied that the company knew of any contaminated software and wasn't in a position to measure emissions.

Blame it on the boss:

Blame It On The Bossa Nova, Eydie Gorme     Later: we now "know" that this was not the work of the top three engineers at Volkswagen. 

Let the jokes begin: Well if the boss (CEO) didn't know about it, and three top engineers didn't know about it, it pretty much means the janitorial staff was responsible.