Saturday, May 5, 2018

Tipping Point -- Will Venezuela Be The Top Story Next Week -- Or Just More Of The Same? -- May 5, 2018

From this weekend (dynamic link).

My Least Favorite Commercial 

I'm watching the NHL Stanley Cup playoffs.

I don't think there's any commercial (and variations thereof) that I detest more than this one.

The '60s belonged to the hippies of the '60s. No one else. And certainly not the baby boomers of the 2010's who are now in their 60s and 70s.

The '60s were an incredibly unique time and to try to bring "that" back in the 2010's just doesn't work. Sorry.

FWIW: Update On Pioneer Production -- Mike Filloon -- May 5, 2018

Link over at SeekingAlpha.
  • Pioneer continues to see large production increases per location, with 29KBO increase from 2016 to 2017
  • Pioneer's Eagle Ford locations have shown more improvement than those in the Midland Basin
  • we think PXD has further upside over the next 12 months based on these improvements
Operators in all US unconventional plays have announced oil production improvements in 2017.
Oil bears believe core locations are running low and we are seeing the end of this phenomenon. The best locations have been completed in most US plays, but improved well design continues to offset. Many operators are not doing enhanced completions on 100% of locations. As this ramp up continues, so will production improvements. If one wants an estimate of where others are headed, one needs only to look to EOG Resources. Some operators will never reach this level, but given the relatively large difference, just half the divide would be quite good.
Pioneer has arguably the best acreage in the Midland Basin. It also has an excellent Eagle Ford leasehold.  
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here. If this is important to you, go to the source.

Reminder for newbies: "enhanced completions" -- not the same as "enhanced oil recovery" (EOR).

Pat: I Will Never Forget You

You have no idea how much I miss you. 

To Sir, With Love, Lulu
Summer Wine, Nancy Sinatra, Lee Hazelwood.

I have no idea where Nancy Sinatra is these days, but I wish her all the best. Can you imagine growing up in West Hollywood, the daughter of Frank Sinatra? Time for a road trip on US Highway 66.

Week 18: April 29, 2018 -- May 5, 2018

A Rimrock Charging Eagle well has produced in excess of 160,000 bbls crude oil in less than four months
Some XTO Lundin wells coming in are quite incredible
Anticipating another 24-well array in a 1280-acre drilling unit
MRO reports a record well it the Bakken
MRO hitting some big wells
Three huge MRO wells in Bailey oil field
Hess reports six DUCs completed in Blue Buttes
CLR reports a huge Monroe well in Banks oil field
CLR has permits for a 12-well pad in Banks oil field

Another natural gas liquids pipeline approved in for the Bakken

Still a problem on the reservation after twelve years 

Natural gas liquids
Growing production (same link as above link)  

Bakken economy
Bakken shale getting "back in the money" -- Bloomberg
North Dakota's oil and gas tax revenues now exceeding forecasts 
WLL conference call: it's all about the Bakken 

Other formations
Austin Chalk -- Louisiana

MPC buys Andeavor  

Saturday Morning -- May 5, 2018 -- Using More Fossil Fuel Than Ever; Atmospheric CO2 Down Year-Over-Year; A Really Cold April, Now We Know Why

Why I love to blog.
Bloomberg: to raise new paywall to $35/month; I always thought it had a paywall or some subscription requirement

Latest Atmospheric CO2 Data -- FWIW
Remember, It's Seasonal



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