The Permian: 8X The Number Of Rigs That The Bakken Has -- Baker Hughes -- April 7, 2018

Link here.

The Bakken:

• 55 rigs
• 1 million bopd
• "all" horizontals; and all greater than 15,000 feet total depth (most between 19,000 and 21,000)

The Permian:

• 400 rigs
• 2 million bopd
• 90% horizontal; only 20% greater than 15,000 feet total depth

Did BTUAnalytics over-think this?

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The US: the Southern Wall
China: the Southern Gate

Deng Xiaoping And The Transformation of China
Ezra  Vogel
c. 2011 
951.05 VOG 

Chapter 14: Experiments in Guangdong and Fujian, 1979 - 1984

• Guangdong: mainland, opposite Hong Kong, Macau
• Fujian: mainland, opposite Taiwan

The opening paragraphs are remarkable.

• 1977: Deng Xiaoping, visited Guangdong; there for military conference; briefed on the problem of young men trying to escape across the border from China into Hong Kong
• Deng immediately saw the problem; saw the solution
• the problem arose from the disparity of living standards on either side of the border
• 20-mile fence with thousands of troops: to no avail
• socialism/communism on the Chinese side of the border not working
• foreign investment not yet allowed
• 1978: Xi Zhongxun appointed provincial party secretary
• of the "old school"
• the problem was "class struggle" -- he said, sticking to Marxist theory
• he was schooled by a "brave local party secretary"; Xi Zhongxun fired him on the spot; the secretary said, "too late, I already quit"
• Xi Zhongxun continued to listen
• the next day he undertook a self-criticism at his own initiative and apologized to the local official, asked the latter to stay and pledged to enrich the economy
• over the years, things turned around
• Xi Zhongxun was originally from Shaanxi province (see map below); he retired in 1989; chose to retire in Guangdong
• his son, XI Jinping, born in 1953, was selected in 2011 to be come the president of China beginning in 2011 to become the president of China beginning in 2012
• China's Southern Gate: once Deng allowed Guangdong to open its doors, Hong Kong became a source of investment capital, entrepreneurial dynamism, and knowledge about the outside world
• Hong Kong was full of entrepreneurs, including tens of thousands who had fled there after 1948 when the Chinese Communist armies began taking over the mainland
• special economic zones (SEZs) established in 1980; "regulated primarily by the market"
• during Deng's era, mainland officials in Guangdong and Fujian, especially in the SEZs, learned valuable lessons from the cosmopolitan Hong Kongers -- from their increasingly open television shows, newspapers, personal contacts, and from the factories, hotels, restaurants, and stores that they built in Guangdong
• by the end of the Deng era in 1992 many mainlanders in southern Guangdong were indistinguishable from the residents who had come from Hong Kong
• within three decades after Guangdong and Fujian were granted special status, Chinese exports had multiplied over one hundred times, from less than US$10 billion per year in 1978 to more than US$1 trillion, with more than one-third from Quangdong
• in 1978 there were virtually no factories in Guangdon with modern assembly lines; within three decades, a visitor to southern Guangdong would see skyscrapers, large industrial sites, apartment buildings, world-class hotels, superhighways, and traffic jams

China map: