Time To Sign Off For The Night -- Going Biking -- Headed Home -- Good Luck To All -- November 16, 2018

Flashback: from the blog, June 26, 2011 --  Wall Street Journal -- $4.00 gasoline ends the fantasy. 

Fast forward: gasoline is now below $2.00/gallon in some places. 

The incredible Bakken: Think about this:

• 60 rigs -- that's all: 60 rigs
• two counties, maybe three -- but that's about it
• shortage of roughnecks
• limited number of frack spreads
• takeaway issues
• the winters
• courts being asked to shut down pipelines; in many cases, they do
• price volatility
• 2,000+ wells drilled to depth and not producing for operational reasons; that's more wells than will be drilled this year in North Dakota
• 6,000+ wells that need to be re-fracked

And there it is, another production record. Lynn Helms says almost every record was broken in September, 2018.

1.3 million bopd. 

Remember when there were 200+ rigs in the Bakken and less than 400,000 bopd. 

x $50 = $65 million / day coming out of two counties, maybe three.

And the Permian? So much bigger.

You never can tell (if you're trying to remember where you might have heard this song: Pulp Fiction).

{C'est La Vie) You Never Can Tell, Emmylou Harris