North American Heavyweights Go Mano A Mano -- June 14, 2017

Permian vs Marcellus  natural gas production.

This is a very interesting note from Bloomberg. Data points:

• it's the Permian vs Marcellus
• the Marcellus producers did not count on the Permian
• "everyone can't grow; everyone can't win"; the glut is getting too big
• Marcellus gas output: will rise 0.5 percent to 19.4 billion cf/d, month-over-month, July from June
• Permian gas output, same time period: will rise 1.9 percent to 8.5 billion cf/d
• all-time high for both shale deposits

Projections for these two:

• Marcellus may climb by 11 billion cf/d by the end of 2019 from the end of 2016
• this is well below the forecast of a gain of 14.5 billion during the same period

No mention was made why forecast for the Marcellus has changed so much.

The Permian has four advantages over the Marcellus:

• only one state (maybe two, if one includes New Mexico) to deal with
• Texas with a much more friendly business environment in which to operate
• closer to export terminals
• much of the infrastructure is already in place

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Not mentioned in the article: natural gas production in the Bakken also hit an all-time record in most recent reporting month (April, 2017):

• natural gas production (North Dakota): jumped 6% to more than 1.8 billion cubic feet / day -- a new record; a pittance compared to the Marcellus/Permian but still significant
• note jump in production as a percent
• Bakken: 6% growth
• Permian: almost 2% growth
• Marcellus: 0.5% growth 

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The Katie Ledecky Page

Known for her distance races, Katie Ledecky now swims the fasted 200 freestle in the world. From
teamusa:

Katie Ledecky swam her last race before the national championships in typical Ledecky fashion, posting the fastest time in the world this year in the 200-meter freestyle on Sunday to win her second event at the Arena Pro Swim Series in Santa Clara, California.

Ledecky’s time of 1 minute, 55.34 seconds was the fastest this year by three-tenths of a second and also set a new meet record, beating the previous mark of 1:55.68 set by Femke Heemskerk in 2015.

The win comes two nights after Ledecky posted the sixth-fastest time in history in the 1,500 freestyle. Her next appearance will be at the Phillips 66 National Championships, part of the Team USA Summer Champions Series, presented by Comcast, which begin June 27 in Indianapolis.

Ledecky, a Stanford freshman who is in the midst of writing her final papers of the semester, was pleased with the result.

Siobhan Haughey, a 2016 Olympian for Hong Kong, was second with a time of 1:58.14.