Rigs -- December 11, 2015; New Poll

From RBN Energy:

We looked at these metrics over time for EOG Resources in the Eagle Ford play, which showed that EOG is now drilling wells in one-third the time it took in 2011, drilling three times more wells per rig each year, and producing double the volume from each well in its first 30 days. And all of that translates to five times more volume produced for every rig than in 2011. So there are fewer rigs operating but those rigs are much more prolific than they were in 2011 or even a year ago.

Using data from the Energy Information Administration’s Drilling Productivity Report, we then looked at average production per rig for entire basins, and found that EOG’s productivity gains are no exception. Productivity improvements are occurring in varying degrees across all the major shale basins, and for both oil and gas rigs.

Which leads us to a new poll. In the most recent Director's Cut it was noted that there were only 43 well completions in October, compared to 123 well completions in September ... and despite that incredible drop -- from 123 to 43 -- not only did overall production near a record, but it actually increased by almost 7,000 bopd from the previous month.

So, with such rig effectiveness, completion techniques, drilling the sweet spots, and the halo effect of fracking, the harsh North Dakota winters, the significant decrease in fracking during the winter, will we see less than 50 active rigs this winter (January - March, 2016)? Rigs are generally contracted for six-month to one-year periods of time, and companies run their CAPEX plans about six months out. I assume the next cycle begins January 1, 2016.

Poll at the sidebar: will we see less than 50 active rigs this winter?

• yes
• no
• no, but it will be close

I will probably close the poll early in January if I remember. If I get tired of seeing it everyday, I will close it sooner.

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The Apple Page

ATT is offering an incredible deal, worth $650. Through ATT one can buy an iPhone 6s or iPhone 6s Plus and get a second phone free. The second phone is free. The first phone requires a 20 - 30 month installment plan. 

Based on the comments, some think this is an Apple deal. It is not. It is an ATT deal. ATT is taking the "hit" or the "loss" (or the "gain") by getting at least one new customer line in the deal, and possibly two new customer lines. This is all about ATT subscribers, not Apple but Apple wins.

By the way, ATT is offering the same deal for Samsung phones.

Blue Eyes Blind, ZZ Ward
On another blog -- a music blog, which I seldom update any more -- I enjoyed dropping into a fugue state after midnight, going from one YouTube song to another that were somehow related and see where I ended up after about 12 such moves. It only took six moves to get from Blue Eyes Blind above to Luciano Pavarotti and James Brown below:

It's a Man's World, Luciano Pavarotti and James Brown