Quick! How Much Does It Cost EOG To Drill / Complete A Well In The Bakken? January 15, 2019

From the 3Q18 EOG presentation? Without looking:

• $7.2 million?
• $6.1 million?
• $5.1 million?
• $4.6 million?

How much did it cost EOG to drill/complete a well in the Bakken in 2012?

• $18 million?
• $14 million?
• $10 million?
• $6 million?

The answers are at this post.

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PG&E?

This will take years to resolve.

As crazy as California laws are, even those laws (like facts) won't matter. It will all be up to one judge. My hunch: he/she is not going to make is easy for PG&E. Bankruptcy is not a sure thing, but then we start addressing such questions as "too big to fail"?

Meanwhile, for investors? Time to move on.

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 think you may have read here.

By the way, how is GE doing these days?

I honestly don't know. I've not been following the market (except in a very, very minor way).

But this from Chesto over at The Boston Globe:

The French government is planning to seek a big fine from General Electric for falling short on promises to add 1,000 jobs at Alstom's energy business that it bought in 2015. While the French finance ministry has said Boston-based GE had created 323 jobs as of April 2018, unions and local officials contest the number, leaving the company facing a maximum fine of 50 million euros ($57 million).

On a more pleasant note, May and I took a drive up to the Plano area today to have sushi. We try to visit the revolving sushi restaurant once or twice a month.


Toyoa's US headquarters moved from southern California (Los Angeles/Hawthorne) to Plano, TX, a few years ago. The new Dallas Cowboys training field/headquarters is somewhere in the same area. I've never seen so much construction in one area (except in northwestern North Dakota during the Bakken boom). This is all on the north side of Dallas, northeast of Ft Worth, on the north side of DFW (Dallas/Ft Worth airport). Two water parks -- or maybe, three -- in Grapevine, TX, where we live and now getting another one. New highways and expanding others. TexRail -- north Texas light rail from Ft Worth to DFW via Grapevine is now in service. Running free for the month of January.

Every time I drive up Highway 121 to Plano/Frisco with Olivia I tell her she will never see this much construction again in her life, except perhaps if she moves to China (or maybe India). It is absolutely incredibly.

It's interesting to look at all the cars in the Asian supermarket where we shop: every car today was Japanese -- Toyota, Lexus, and Honda. Two exceptions: one Porsche and one Mercedes.