Denny Hamlin is the winner after a thrilling and grueling Daytona 500 that took two days, and overtime; and saw multiple caution flags in the final 16 laps and OT.
It's the third time Hamlin has won the Daytona 500, and he is the first driver to win back-to-back years at the Great American Race since Sterling Marlin in 1994 and 1995.
Hamlin also becomes the sixth driver to win the Daytona 500 three times, joining Richard Petty (7), Cale Yarborough (4), and Bobby Allison, Jeff Gordon and Dale Jarrett (3)
The celebration in victory lane was muted after Hamlin's win because of a crash on the final lap of the green-white-checker finish that saw Ryan Newman's car go airborne and flip on the track several times after jockeying for position with Hamlin and Ryan Blaney coming out of turn four. [More than an hour after the finish of the race, no update on Ryan Newman. Apparently car engulfed in flames at height of post-crash.]
Coronavirusstatistics here. It's only a snapshot in time but it's a good report. Update here.
Diamond Princess cruise ship:
of that 1,723, 454 were confirmed to be "positive" for coronavirus
of the 454; 189 were asymptomatic carriers
nice laboratory model
400 US citizens on board
44 Americans test "positive" for the virus but not all are sick
no deaths reported yet
Coronavirus: we are missing an analysis of those folks who get the disease (COVID-19) when they are infected with SARS-CoV-2 and those folks who do not get the disease when they are infected with the virus. "Underlying conditions," to include age, is obvious but what about cigarette smoking?
China, back to work: more than 80% of state-owned firms’ manufacturing subsidiaries have resumed work.
AAPL: says it will not meet quarterly guidance due to coronavirus; this happened exactly one year ago -- also due to problems in China. The question is whether Tim Cook will "blow this [China] off" as simply a bump in the road, or move more manufacturing back to the US. The problem is that Apple has so much manufacturing in China, to move any "piece" back to the US is simply marginal.
US markets: all three major indices are down slightly in overnight-premarket trading;
36285, 1,116, Nine Point Energy, Hovde E 150-100-6-7-5H, middle Bakken; 60 stages; 10.2 million lbs; Spring Creek, t9/19; cum 143K 12/19;see this note;
Date
OilRuns
MCF Sold
12-2019
34164
22164
11-2019
32336
3040
10-2019
22185
14186
9-2019
40282
25135
8-2019
13799
7078
The graphic:
The wells in this oil field:
26725,436, Nine Point Energy, Hovde 150-100-6-7-1H, Spring Creek, t4/14; cum 280K 12/19; jump in production, 8/18; see next wells;
34493,939, Nine Point Energy, Hovde 150-100-6-7-2H, Spring Creek, t8/18; cum 187K 12/19;
34492,1,287, Nine Point Energy, Hovde 150-100-6-7-3H, Spring Creek, t8/18; cum 190K 12/19;
34491,1,126, Nine Point Energy, Hovde 150-100-6-7-4H, Spring Creek, t7/18; cum 206K 12/19;
34490,1,652, Nine Point Energy, Hovde 150-100-6-7-13H, Rawson, t7/18; cum 212K 12/19;
36284, see above,
36285, see above,
21282,3,219, Equinor, Margaret 5-8 1H, Spring Creek, t1/12; cum 267K 12/19; great IP but then faded quickly (typical Equinor profile); no jump in production;
23995,3,462, Equinor, Margaret 5-8 4H, Spring Creek, t10/13; cum 301K 12/19; steady but low monthly production;
23996,1,356, Equinor, Margaret 5-8 5TFH, Spring Creek, t6/14; cum 92K 12/19; lousy well; off line most of 2015 and 2016;
23997,3,511, Equinor, Margaret 5-8 6H, Spring Creek, t10/13; cum 274K 12/19; steady but low monthly production;
25753,1,093, Equinor, Margaret 5-8 3TFH-R, 31 stages; 5.9 million lbs; Three Forks second bench; Spring Creek, t6/14; cum 171K 12/19; steady but low monthly production; see below.
*************************************
Additional Notes
From the file report for #23753,
the "well summary" is for a well named: Margaret 5-8 8TFH:spud date: July 7, 2013
cease drilling: July 27, 2013
target: Three Forks
later in the file report, the well is called the Margaret 5-8 3TFH-R;
sundry form received July 11, 2013, "well name change" from Margaret 5-8 8TFH to Margaret 5-8 3TFH-R; the wellbore is a replacement well for file #23994 which will be plugged and abandoned.
The "dry" hole:
23994, dry, Statoil, Margaret 5-8 3TFH, 9/1/2013; file report -- cement casing was a problem; surface rig only;
Investors losing their patience, Rigzone. Link here.
Owing to a collapse of oil prices at the end of 2018, M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn. After a decade of funding the expansion of unconventional oil and gas, Wall Street investors have lost patience and want a return on their investment.
Andrew Dittmar,
Senior M&A Analyst at Enverus, notes, "investors who funded the shale revolution over the last decade have become vocal in advocating for pay-outs and cutting back on providing new capital. That flowed through to limited M&A and a negative reaction to deals for much of the year."
India's upside for oil demand seems unlimited, Rizone. Link here.
With almost 1.4 billion people, India remains the most
energy-deprived nation on Earth. The upside for demand seems almost
unlimited. India has 635 million people under the age of 24. This is a
burgeoning young population the size of the total populations of the
U.S., Japan, Germany, France, and Canada. Coal will remain the main
source of energy, but the proven global reality that demand mounts as
human development progresses makes India’s oil usage unidirectional: up.
Today, oil accounts for 25 percent of India’s total energy demand,
rather high for a still developing country. The latent demand, however,
is just staggering. Indians use less than 0.2 gallons of oil products
per day, versus 2.6 gallons for the U.S. Even though it has almost 11
times more people, India overtook Japan only in 2015 to become the
world’s third largest oil consumer after the U.S. and China.
Over the past decade, China (45 percent) and India (20 percent) have
accounted for the bulk of new global oil demand. Driven by more diesel
fuel, gasoline, and LPG, India could race past China to become the
world’s primary new consumer within five or seven years. For those
claiming “the end of oil,” the truth is that the world’s most vital fuel
has no material substitute whatsoever. Electric transport, for
instance, is overly expensive here in the rich U.S., let alone for a
still developing country where 70 percent of the people subsist on
biomass. Dreaming of the same luxuries that Westerners enjoy,
gas-guzzling SUVs now comprise 35 percent of all car sales in India.
****************************************
The Apple Page
About a year ago, I forget exactly when, I bought a new iPad Pro along with the latest generation Apple Pencil.
I love the iPad Pro for surfing the net but not much else. I thought it would be possible to use it for blogging, but it's not optimized for such, at least without a peripheral keyboard. So, I use is mostly for surfing.
It links perfectly and seamless with any number of BlueTooth speakers, that I have around the house. I learned recently that there is an "Alexa" app for the iPad and that, too, works great. I assume it's tied in with my monthly Amazon Music subscription. Doesn't matter to me one way or the other. Over the weekend I learned that there is a Kindle app that works on the iPad Pro and now I have downloaded the books I have bought from Amazon. Also, a subscription to a art/painting magazine to which my wife subscribes can be downloaded on the app. Awesome.
But I had forgotten about the pencil. Never used. Had completely forgotten I even bought it. While re-organizing the closet two weekends ago I stumbled across the unopened Apple Pencil box. Wow.
With the Daytona 500 postponed, and the PGA tournament a real bust, I had a lot of free time.
Daytona 500: after an incredible opening -- President Trump, grand marshal, and Melania, making a grand entrance -- folks disappointed that his limousine didn't take the 31° banks at 70+ mph -- the race went for 20 laps or so before it was postponed / rain delay.
PGA tournament: The host, Tiger Woods, placed dead last, #68 in a field of 68. And he was there by himself. Ryan Palmer placed #67; and, then three were tied at #64. Tiger Woods was +11 for the tournament, dropping five more in the final round. Adam Scott was the winner at -11 for the round.
So, I had a lot of time to play with the new Apple Pencil.
It's truly amazing. Best feature. It charges simply by being next to the iPad Pro. It doesn't need to be plugged into anything and no cables. Simply place the pencil next to the iPad Pro and it charges.
I did not know which "painting" app to purchase. Good, bad, or draw, after searching the net, I settled on "Procreate" for $9.99 or $10.00 (don't remember which). [I just checked the receipt: with tax, $10.81.] Today, I note that "Procreate" gets 4.5 starts (out of 5) or better at the Apple App Store.
I had forgotten how easy it was to add money to my Apple Account -- I don't think I've added money to that on-line account for six years (seriously; it could be longer) -- it still had $1.85, but I added $20 or $25.
And then a couple of clicks later I had "Procreate" on my desktop. It's not quite as intuitive as I expected, but I found a great YouTube video to get me started, and after learning a few basics, I was in business.
Most amazing is the multi-finger "touches" that can do so much. "Procreate" calls them "power-moves." Also, the layering. Absolutely incredible.
I don't know if "Procreate" is the "best" app for such stuff, but Sophia is going to have a great time with this one.
The Apple Pencil also works with Apple Notes and I'm sure it works elsewhere.
One certainly doesn't need the Apple Pencil, but it sure is fun. I'm thinking I can use it for some of my graphics on the blog. We'll see.
Two EOG wells coming off confidential list this next week. Note the "chronologic" number for these two wells:
34361, conf, EOG, Liberty LR 49-1109H, Parshall,
Date
OilRuns
MCF Sold
12-2019
27945
13671
11-2019
28088
12514
10-2019
28498
10908
9-2019
24543
11058
8-2019
18267
13709
33511, conf, EOG, Liberty LR 50-1109H, Parshall,
Date
OilRuns
MCF Sold
12-2019
26747
3238
11-2019
32695
10508
10-2019
39264
19748
9-2019
53816
38768
8-2019
21129
14896
Graphics:
Other wells in the graphic:
20038, 625, EOG, Liberty LR 12-11H, 42 stages; 4.9 million lbs; Parshall, t4/12; cum 263K 12/19; small jump in production after coming back on line, 11/19; spacing, ICO; permit, 1920 acres;
20037, 790, EOG, Liberty LR 17-11H, 31 stages; 5.8 million lbs; Parshall, t6/11; cum 348K 12/19; small jump in production after coming back on line, 11/19; spacing, ICO; permit, 1920 acres;
Monday, February 24, 2020: 52 for the month; 159 for the quarter, 159 for the year:
36858, conf, Slawson, Shakafox 7-28-21MLH,
36565, conf, Crescent Point, CPEUSC Emerson Claire 33-28-159N-100W MBH,
Sunday, February 23, 2020: 50 for the month; 157 for the quarter, 157 for the year:
36564, conf, Crescent Point, CPEUSC Emerson Claire 33-28-159N-100W MBH,
Saturday, February 22, 2020: 49 for the month; 156 for the quarter, 156 for the year:
None.
Friday, February 21, 2020: 49 for the month; 156 for the quarter, 156 for the year:
36690, conf, Petro Harvester, FTH1 27-34 161-92 B,
35945, conf, Whiting, White 43-33H,
Thursday, February 20, 2020: 47 for the month; 154 for the quarter, 154 for the year:
36691, conf, Petro Harvester, FTH1 22-15 161-92B,
36284, conf, Nine Point Energy, Hovde E 150-100-6-7-6H,
34361, conf, EOG, Liberty LR 49-1109H,
33511, conf, EOG, Liberty LR 50-1109H,
Wednesday, February 19, 2020: 43 for the month; 150 for the quarter, 150 for the year:
None.
Tuesday, February 18, 2020: 43 for the month; 150 for the quarter, 150 for the year:
36258, conf, Nine Point Energy, Hovde E 150-100-6-7-5H,
Monday, February 17, 2020: 42 for the month; 149 for the quarter, 149 for the year:
None.
Sunday, February 16, 2020: 42 for the month; 149 for the quarter, 149 for the year:
35882, conf, Liberty Resources, Kaitlyn 158-93-30-31-4TFH,
Saturday, February 15, 2020: 41 for the month; 148 for the quarter, 148 for the year:
None.
Word for the day: velleities. Link here. Fourth word in very first sentence/first line.
Short shelf life: I may be wrong, buy my hunch is that a lot of "political stories" are going to have much shorter half-lives after the Mueller investigation (two years) and the impeachment (six months). Prior to these two events, the Roger Stone story might have had legs, lasting months. But my hunch is that the Roger Stone story is already over, except at anti-Trump cable network news shows. Do a word search for "Stone" over at The Drudge Report and the only hit is for The Rolling Stone Magazine.
Bloomberg: the videos suggest Bloomberg is much more vulgar and much more inappropriate than folks thought. Remember, he's a New Yorker, and spoke his mind. Tweets are one thing, but the videos that are being aired, are quite remarkable, to say the least.
Something worse than Trump? No, this is not from the Babylon Bee: link here. This is a US senator. Posted as a PSA -- summer is just around the corner, as they say.
Cheap oil: China is renting huge storage facilities in South Korea for all the oil they are buying -- never let a crisis go to waste. WTI at $52.10 today. In the sweet sport for the US consumer.
