NDIC's Daily Activity Report Not Posted At COB Monday; Report Posted Overnight -- August 8, 2016

Active rigs:

	8/8/2016	08/08/2015	08/08/2014	08/08/2013	08/08/2012
Active Rigs	33	73	193	182	199

One well coming off confidential list Tuesday:

• 32305, SI/NC, XTO, Lund 41X-17H2, Siverston, no production data,

The daily activity report was not posted at COB. It was posted overnight, and the summary is here. 

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After Failed Merger, Wms Co Selling Canadian Assets

Link here. Inter Pipeline Ltd has agreed to acquire the Canadian businesses of Williams Cos (WMB) for $1 billion (US).

The purchase includes liquids extraction and processing facilities in the oil sands as well as about 260 miles (418 kilometers) of pipelines owned by Williams and its master-limited partnership unit, Williams Partners LP, the companies said in statements on Monday. Williams and Williams Partners said they plan to use the cash proceeds to shrink debt.

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Ecuador Vs Chevron: Court Again Rules For Chevron

Link here.  It's a long, long story. Data points today:

• $9 billion at stake
• the 2nd U.S. Circuit Court of Appeals in New York ruled Monday
•  upholds a lower-court finding that the Ecuadorean court judgment was obtained by corrupt means

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OPEC To Meet In September

Blink.

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Venezuela: Tic, Tic, Tic

From The Washington Post:

The problem was that its state-owned oil company stopped producing as much after Chavez took money that should have gone into maintaining its fields and put it into social spending instead. This was the economic equivalent of eating your seed corn when it would have grown you more than ever before. Now, at first, the regime was just spending more than it had, but eventually, after oil's vertiginous drop, this became more than it could borrow as well. So it did what every bankrupt government does: It printed the money it needed. Which is why inflation went from 19 percent in 2012 to, the IMF estimates, 720 percent this year, and a projected 2,200 percent the next.

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Miami Vice

A Note To The Granddaughters

Even some of the worse episodes of Miami Vice in the first three seasons are still better than even any of the best cop shows currently running on network television. Of course that's a meme; I haven't watched a "current" cop show in years. But I'm watching Miami Vice again, starting this week with season 1, episode 1. Binge watching.

The filmography is still second to none; and the music is incredible.

I get the munchies, and make another batch of Mickey Mouse waffles.

Life could not be better.

A word to the granddaughters: learn to cook, learn to bake. You will never go wrong.