Random Update Of QEP Fracking / Completions In The Grail -- November 5, 2015; One Well Produced More Than 100,000 Bbls In Less Than Five Months; Meanwhile NRG Is Calling It Quits

In general, QEP appears to be fracking with 49 stages, 10  million lbs proppant in the Grail:

• 29373, 2,235, QEP, P. Levang 2-14-23BH, Grail, 49 stages, 10 million lbs, t5/15; cum 97K 9/15;
• 29374, 2,342, QEP, P. Levang 1-14-23BH, Grail, 49 stages, 10 million lbs, t5/15; cum 72K 9/15;
• 29375, 2,298, QEP, P. Levang 14-13-23-24-LL, Grail, 48 stages, 9.9 million lbs, t5/15; cum 103K 9/15; API: 33-053-06254-00-00; 122,000 bbls of water; proppant represented almost 19% of total frack fluid; generally in the 6 - 8% range;
• 29749, 2,159, QEP, P. Levng 1-14TH, Grail, 49 stages, 6.7 million lbs, t5/15; cum 89K 9/15; 

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NRG Splitting Off Intermittent Energy

So, how is this switch to inermittent energy working out for the "green" utilities. Let's check in on NRG, perhaps one of the more aggressive utilities with regard to switching to intermittent energy. This is the headline and "sub-headline" at The Wall Street Journal this week: NRG Chief's green ambitions are put on back burner; money-losing investment in renewable energy didn't sit well with investors.

Throughout its 26-year life, NRG Energy Inc. has made most of its money by running big electric plants that burn fossil fuels. But six years ago, the company’s chief executive began a billion-dollar push into clean power: rooftop solar, wind farms and electric-car charging stations.

And David Crane, the CEO, became increasingly outspoken about the need to go green. In an essay earlier this year, Mr. Crane warned his fellow electricity executives that by failing to embrace clean energy they “are losing the hearts and minds of the future generation of Americans.”

He still believes that, he said in an interview. But he is backing away from the renewable-energy businesses anyway—to placate investors, he said.

In the 15 months before he decided to split off the renewable-energy businesses, the company’s shares lost about 50% of their value. The shares have dropped 25% since the new strategy was announced in mid-September.

Current investors aren’t upset about the plan to hive off the green businesses, said Jonathan Arnold, an equities analyst for Deutsche Bank Securities in New York. “They’re just sorry it isn’t being implemented more quickly.”

Jettisoning his green ambitions has been deflating, conceded 56-year-old Mr. Crane, who has run the Princeton, N.J., company since 2003. A Harvard-trained lawyer and former investment banker, he has become an electric-car enthusiast; he owns a Tesla Roadster, Nissan Leaf, Fisker Karma and BMW i8 sedan—electric cars.

My electric company here in Texas, unfortunately, is NRG, and I have some of the highest electricity bills I have ever had based on usage. And every month the bill comes in an envelope festooned with little pictures of little wind towers. Drives me nuts. I pay on-line and don't need the monthly bills in the mailbox either, but that's another story.

On a completely different note. I now know why my electric bills are so high. The CEO of NRG: A Harvard-trained lawyer and former investment banker, he has become an electric-car enthusiast; he owns a Tesla Roadster, Nissan Leaf, Fisker Karma and BMW i8 sedan—electric cars.