Bakken 2.0: Testing Completion Methods -- February 3, 2017

See BR's Gudmunson wells in Elidah oil field, note:

• one well with 24 stages (old school); 10 million lbs (new school)
• another well with 61 stages (new school); 14 million lbs (new school)

**********************
Turmoil At FERC

Won't affect DAPL, Keystone. The turmoil at FERC would not affect the proposed Keystone XL and Dakota Access oil pipelines. FERC does not issue permits for oil pipelines.

************************

Closing Out A Poll

OPEC, Russian cuts in crude oil production will result in a spike in oil prices in late 2018:

• agree: 39%
• disagree: 60%
• even sooner: 1 vote

I'm in the camp that says the price oil will "melt up" in an orderly fashion. I'm not alone: "It is unrealistic to expect that the commodity will reach $65 a barrel in the near term, an analyst at the Paris-based International Energy Agency (IEA) told CNBC.

*******************************

New Poll

Making America greater than ever before -- quick, without a google search, how many private jets will descend on Houston this weekend for the NFL Super Bowl? [Later, February 4, 2017: Results of the poll:

• 13: 2%
• 130: 28%
• 1,300: 55%
• 13,000: 15%

Correct answer 1,300.]

This is a huge, huge deal. In the future, the Super Bowl can only be held where local airfields can handle 1,300 private jets.

Climate warming? Are you kidding?

********************

Lockheed 

A single Trump tweet saves over $700 million on 90 new F-35 fighters. One link here but being reported everywhere.