CLR Bakken EURs Have Gone From 430 MBOE (2011) To 1,100 MBOE In Seven Years; CWC Have Decreased -- March 27, 2018

March 27, 2018: CLR presentation --

• 2011: 430 mboe
• 2014: 603 mboe
• 2015: 800 mboe
• 1H17: 980 mboe
• 2018: 1,100 mboe; payout period down to ten months

(1100 - 430)/430 = 156%.
But 1.56 * 430 = 670
2 * 430 = 860
3* 430 = 1290

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Notes for the Oldest Granddaughter

Other books on the RMS Titanic:

• Titanic: A Fresh Look at the Evidence by a Former Chief Inspector of Marine Accidents, John Lang, c. 2012

• appears to be perhaps the best of the lot noted on this page
• a very, very comprehensive coverage of the ship and the event
• biggest failure: fails to discuss bad steel/bad rivets even though there was an incredibly good book on this very issue published four years earlier

• What Really Sank the Titanic: New Forensic Discoveries, Jennifer Hooper McCarty & Tim Foecke, c. 2008

• Bad steel, bad rivets

• A Night to Remember, Walter Lord, c. 1955

In 1898 a struggling author named Morgan Robertson concocted a novel about a fabulous Atlantic liner, far larger than any that had ever been built. Robertson loaded his ship with rich and complacent people and then wrecked it one cold April night on an iceberg. This somehow showed the futility of everything, and in fact, the book was called Futility when it appeared that year, published by the firm of M. F. Mansfield.

Fourteen years later a British shipping company named the White Star Line built a steamer remarkably like the one in Robertson's novel. The new liner was 66,000 tons displacement; Robertson's was 70,000 tons. The real ship was 882.5 feet long; the fictional one was 800 feet. Both vessels were triple screw and could make 24 - 25 knots. Both could carry about 3,000 people, and both had enough lifeboats for only a fraction of this number. But, then, this didn't seem to matter because both were labeled "unsinkable." 

On April 10, 1912, the real ship left Southampton on her maiden voyage to New York. Her cargo included a priceless copy of the Rubaiyat of Omar Khayyam and a list of passengers collectively worth $250 million dollars. On her way over she too struck an iceberg and went down on a cold April night.

Robertson called his ship the Titan; the White Star Line called its ship the Titanic. This is the story of her last night.

Today: Titanic Tragedy: A New Look at the Lost Liner, John Maxtone-Graham, c. 2011

[Note: I watched the entirety of A Night To Remember, last night on TCM. I was riveted by the move. From wiki:

British docudrama based on the eponymous book by Walter Lord starring Kenneth More as the ship's Second Officer Charles Lightoller.

Regarded as one of the most historically accurate Titanic disaster films, with the exception of not featuring the ship breaking in half.

(There was still doubt about the fact she split in two when the book and film were produced. The accepted view at the time and the result of the inquires was that she sank intact; it was only confirmed that she split after the wreck was found in 1985.) Some effects scenes were 'borrowed' from the 1943 German film.

The author:

• maritime historian
• a Scottish-American New Yorker
• has written dozens of books about North Atlantic liners

Chapter 1: The Wireless Miracle

• it begins: "Surviving passengers and crew of Titanic owed their lives to two giants of transatlantic innovation, Samuel Morse and Guglielmo Marconi. Their combined achievements from opposite sides of the ocean established an incredible communication linkage, connecting continents, countries, and ships. Not surprisingly, their names have entered the language; there is the verb coinage to Morse and millions of Marconigrams have been dispatched and delivered. Hence they become obligatory subjects of this opening chapter."
• Samuel Finely Breese Morse, b. 27 April 1791, Charestown, MA
• graduated from Yale, Phi Beta Kappa, 1810 at the age 19
• started out in life as a painter; former president John Adams sat for him, as did Marquis de Lafayette and several members of Congress

Chapter 2: Glittering Night

Chapter 3: Hornblow at Queen's Island

Chapter 4: The Ocean Dock 

Chapter 5: Into the Boats

Chapter 6: Survival Sagas

Chpater 7: "Safe Carpathia"

• Joseph Boxhall: fourth officer of the Titanic; lifeboat survivor
• Captain Arthur Rosron: master of Carpathia
• Carpathia
• alternated immigrant runs from Fiume and Naples to New York
• upgraded for transatlantic service
• sailing out of Liverpool
• 100 first class, 200 second class, an astonishing 2,250 in third class
• five passenger levels: promenade, saloon, shelter, upper, and main decks
• first class: promenade and saloon decks
• second class: shelter dek
• third class: forward ends of the two lowest decks
• April 11, 1912: spring cruise, NYC to the Mediterranean
• 120 (1st class); 50 (2nd class); 565 in 3rd class
• 300 crew
• total: 1,035 souls on board
• 12:25 a.m. the Morse signal from the sinking ship (the CQD)
• In 1904, the Marconi company suggested the use of "CQD" for a distress signal. Although generally accepted to mean, "Come Quick Danger," that is not the case. It is a general call, "CQ," followed by "D," meaning distress. A strict interpretation would be "All stations, Distress."
• a 57-mile dash on a new course -- North 57 West toward the stricken Titanic
• the race would consume 3.5 hours
• shortly after 2:00 a.m. the White Star vessel's radio ceased transmitting, Carpathia was still 34 miles away
• shortly after 4:00 a.m. and as dawn broke, the Carpathia began picking up survivors
• it would take more than four hours to bring Titanic's 703 survivors and 5 dead aboard
• Carpathia surrounded by icebergs
• again, the Californian was incredibly "out of the loop"; it arrived on scene having no idea what was happening
• first class passengers on Carpathia refused to be bothered by all this
• no other vessel picked up anyone
• when Carpathia arrived NYC Pier 54, the most celebrated visitor: Guglielmo Marconi; the price of his company's stock had quadrupled since the news broke but he did not want to be perceived as profiting from disaster; yet at the same time, he was furious and mystified by inbound Carpathia's silence (the captain did not want a "circus" at NYC pier)
• 210 Titanic officers and crew survived; some rescued from freezing water (not in lifeboats)
• epilogue: Carpathia came to an end on 17 July 1918 when, like so many unsung wartime carriers, in a sixteen-ship convoy, was struck by two torpedoes 120 miles west of Fastnet
• in March 1918, Captain Arthur Rostron was the master of the troopship Mauretania 

Chapter 8: Crew Memoria

Chapter 9: Walter at Play