NOG Reports -- Notes From All Over --- Early Morning Ediiton -- August 7, 2020

First things first: Grenora High School football, which co-ops with Westby District 3 in Montana as the MonDak Thunder, will be switching to 8-man football after competing in 6-man for nearly a decade. -- The Williston Herald.

NOG earnings report, 2Q20, link here: 

• total debt reduced by $52.2 million in the second quarter, resulting in over $3 million in interest savings per annum
• strong risk management drove realized commodity hedge gains of $77.4 million in the second quarter
• cash flow from operations totaled $53.1 million, excluding $48.5 million received from changes in working capital
• total capital expenditures were $34.5 million in the second quarter
• wells in process remain near record levels at 26.7 net wells
• production averaged 23,804 barrels of oil equivalent (“Boe”) per day, driven by material curtailments and shut-ins
• approximately 26,500 barrels per day of remaining 2020 oil hedged at over $58 per barrel average prices
• approximately 21,500 barrels per day of 2021 oil hedged at over $54.50 per bbl average prices 
• NOG is tracked here;
  

Oil: weekly gain, Bloomberg via Rigzone;

Oil in New York is poised for the biggest weekly advance since early July after U.S. stockpiles plunged further, but the market is facing more OPEC+ supply and still contending with virus-driven demand weakness.

Futures rose above $42 a barrel this week to the highest level in five months with support from a weaker dollar and as U.S. crude inventories posted the biggest back-to-back weekly decline in a year. OPEC and its allies are set to test the appetite for demand as they start returning some supply this month after historic cuts, although Iraq has pledged to trim its output further in August to compensate for missing its target in previous months.

Meanwhile, crude imports into China dropped in July from a record the previous month, with vessels delayed in unloading cargoes as ports became congested with tankers carrying cheaper oil purchased earlier in the year.

 NASA nonsense, link here:

• white drawrfs, black holes, Eskimo nebula, now considered suspect, politically incorrect 
• coming: the Intuit (sic) nebula
  
• have we lost our collective minds?
• from the link -- "These nicknames and terms may have historical or culture connotations that are objectionable or unwelcoming, and NASA is strongly committed to addressing them," said Stephen T. Shih, Associate Administrator for Diversity and Equal Opportunity at NASA Headquarters. "Science depends on diverse contributions, and benefits everyone, so this means we must make it inclusive."

Lonesome Friends of Science, John Prine