Idle Chatter Regarding The Bakken -- May 1, 2019

I've been going through the wells that came off the confidential list in 1Q17. Some observations:

• these are huge wells; much different than the wells we saw in the earlier days of the boom
• wells are reaching 250,000 bbls or upwards of 400,000 bbls in two years
• the wells show the usual decline, but the decline is nothing like it was in the early days of the boom
• many, many wells are showing significant increased production due to impact of newly fracked neighboring wells
• older wells -- even two years old -- show remarkable return even after a small re-frack
• if the Permian is anything like the Bakken, the US shale revolution will be factors of 10 greater than what folks think the US shale revolution was going to be
• most of these older wells require little daily maintenance; little expense
• the major expense has been re-captured; it would be interesting to see the "margins" on these older wells (the price received for the oil vs the cost of producing it after the original CAPEX was spent)
• these wells will continue to produce for the next 30 years
• tier 1, tier 2, tier 3 will be defined by the price of oil, or to paraphrase Hemingway, "movable tiers"

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The Sports Page

Apparently I'm not the only one.

After watching for the second time the Texas Rangers "closer" lose a game for the team, I was curious if anyone was talking about this debacle.

Yes. Over at google, 1.8 million hits asking the same question or something related.

Last night, the Texas Rangers were ahead 3-0 at the top of the 9th inning -- they were playing in Arlington, TX, just down the road from us.

The "closer" for the Texas Rangers simply had to keep the Pirates from scoring three runs in the top of the ninth.

Nope. The Pirates tied 3 - 3 at end of regulation and went on to win 6 (PP) - 4 (TR).