27564, 1,235, CLR, Holstein Federal 2-25H, Elm Tree, 40 stages, 4 million lbs, t2/15; cum 768K 3/20;off line as of 11/19; remains off line 2/20; back on line 3/20;
an additional 20% off over the five-day Memorial Day "weekend"
So, question: if one buys something with a "regular" price of $100, what is the sale price over Memorial Day weekend?
Two ways to figure it, I suppose. The first way would be the simpler way but would be wrong: 60% off plus an additional 20% off could mean a total of 80% off. If so, one would pay $20 for a regularly-priced $100-item. But that would be wrong.
The correct way:
regular price: $100
sale price, 60% off: $40
an additional 20%: $32 -- final price
What sale is this: the Swarovski Crystal store at the Grapevine Mills shopping mall on the northeast side of Grapevine, TX.
Arianna, our oldest granddaughter, and I drove out to the mall to see how things were going as the state of Texas starts "re-opening."
Crickets.
But, wow, talk about sales.
I've never seen such an incredible Swarovski sale as this one. My wife and I collected a bit of Swarovski when we lived in Europe many years ago:
the dollar was very, very "strong," making Swarovski a "good" buy to begin with;
we bought it in the military exchange where their prices were even better because they bought in volume; and, NO sales tax at military exchanges;
decades ago, Swarovski was not yet an "item" and much less expensive then than now;
Since Europe, we haven't bought any more Swarovski crystal, but at 60% off with an additional 20% off (68% off, it appears), it was crazy not to pick up some items.
And we did.
***********************************
Steak
Over the past month or so, I've written on the blog and in private e-mails about my new-found excitement of grilling steaks directly on FOGO.
I have mentioned often on the blog that I am partial to Omaha Steaks when ordering on line, although I seldom order for myself. There are too many options here in Texas and at much better prices. I order for my son-in-law in Portland, OR, and my brother-in-law in Huntington Beach, CA.
A reader suggested Crowd Cow.
Today, of all things, that reader sent me a link to Forbes: "The Best Places To Order Steak Online."
And get this: the article was dated May 20, 2020. LOL. The writer must be reading the blog.
The list:
Porter Road
FreshDirect
Rastelli's
Kansas City Steak Company
Snake River Farms
Crowd Cow
FarmFoods
Omaha Steaks
Interestingly, I first came across Omaha Steaks about thirty years ago when I had a subscription to Forbes. At that time, Omaha Steaks ran a one-inch ad in every issue of Forbes.
Buying steaks on line is lot like buying wine, I suppose. Decades ago, Herb Caen wrote this in the San Francisco Chronicle:
It's not difficult to find a great wind; the challenge is finding a great wine at a great price.
I've always remembered that line, although Herb Caen probably said it a bit better.
From wiki:
"The secret of Caen's success", wrote the editor of a rival publication, was:
his outstanding ability to take a wisp of fog, a chance phrase overheard in an elevator, a happy child on a cable car, a deb in a tizzy over a social reversal, a family in distress and give each circumstance the magic touch that makes a reader an understanding eyewitness of the day's happenings.
My hunch Caen would have a lot to say about the current state of affairs in San Francisco.
Now that I am reminiscing about Herb Caen -- I would have been reading his column, 1977 to 1980, when we stationed at an Air Force base near San Francisco, before we were transferred overseas to Germany -- and reminiscing about seeing Omaha Steak ads in Forbes decades ago, it seems we lived in much simpler times fifty years ago and enjoying it much more.
I had a whole lot less disposable income then, but somehow those days seemed a whole lot more carefree. And even then I was working 100 hours a week.
Back then, the state of California had no rules/laws limiting the number of hours physicians-in-training could work. One-hundred-hour work weeks were not uncommon -- in fact, for surgeons, it was the norm. In 2011 that all changed; in 2017, it all changed again. See this story in The Los Angeles Times.
But before 2011, let's see:
Monday - Friday: 0600 - 2000 (14 hours x five days = 70 hours)
Saturday: 0600 - 0600 (24 hours)
Sunday: 0600 - 1400 (8 hours)
102 hours
Of course, that was the hours at / in the hospital.
I must have done a bit of reading at home before I went to bed, looking up cases, etc.
The Slawson Lightning Federal and Rainmaker Federal wells are tracked here. The Lightning Federal and Rainmaker Federal wells are to the east of the Skybolt wells.
A reader suggested I update the Slawson Skybolt wells:
18287, 911, Slawson, Skybolt 1-24H, Big Bend, t1/10; cum 356K 3/20; cum 417K 1/24;
20423, PNC, Slawson, Skybolt 2-24H, Big Bend,
29958, PNC, Slawson, Skybolt 9 SLTF2H, Big Bend,
29959, 1,590, Slawson, Skybolt 1-SLH, Big Bend, t9/15; cum 331K 3/20; cum 462K 1/24;
18287, production period of interest:
BAKKEN
12-2015
26
11010
10578
5040
8502
7667
705
BAKKEN
11-2015
0
0
0
0
0
0
0
BAKKEN
10-2015
0
0
0
0
0
0
0
BAKKEN
9-2015
0
0
0
0
0
0
0
BAKKEN
8-2015
2
949
1007
0
1368
0
1358
BAKKEN
7-2015
0
0
0
0
0
0
0
BAKKEN
6-2015
0
0
0
0
0
0
0
BAKKEN
5-2015
0
0
0
0
0
0
0
BAKKEN
4-2015
1
19
0
0
31
0
26
BAKKEN
3-2015
3
38
473
2
56
12
29
BAKKEN
2-2015
28
524
366
125
559
419
0
BAKKEN
1-2015
31
1410
1393
416
2115
1622
338
BAKKEN
12-2014
31
1389
1153
478
1635
1480
0
BAKKEN
11-2014
30
1351
1407
412
2022
1582
290
BAKKEN
10-2014
31
1398
1415
424
2207
2052
0
But it looks like the Slawson Lightning Federal wells to the east are even better:
20422, 685, Slawson, Howitzer 2-25H, Big Bend, t10/11; cum 329K 3/20; the scout ticket says it is still flowing without a pump; on same pad as the Lightning Federal wells but runs south, instead of north; cum 395K 1/24;
***30412, 2,684, Slawson, Lightning Federal 6-24-13TFH, Big Bend, t4/16; cum 477K 3/20; cum 582K 1/24;
30413, 1,008, Slawson, Lightning Federal 2-24-13H, Big Bend, t4/16; cum 252K 3/20; cum 334K 1/24;
30414 1,622, Slawson, Lightning Federal 7-24-13TFH, Big Bend, t4/16; cum 457K 3/20; cum 553K 1/24;
Later, 11:35 a.m. CT: wow, this is really cool. Very nice of a reader to write / note this. In my original post I mentioned that I did not know how long the rig had been on site (see below). A reader wrote:
The ACTVE RIG LIST [no subscription needed] link on the NDIC website says that the rig spudded May 14, 2020.
When you click on the link on the homepage, scroll down. Rigs are listed by County alphabetically.
Very, very nice to know. I'm embarrassed that I overlooked another great service provided by the NDIC. I don't follow other states (closely) at all, but it has certainly been my impression that North Dakota / the NDIC is a) very, very transparent; and, b) very, very customer-oriented. Their sites are very, very user-friendly.
Original Post
The February 10, 2020, daily activity report, showed the following permit, which was corrected in the February 11, 2020, daily activity report (this is the correct permit):
37380, conf, Minnkota Power Cooperative, Inc, J-Loc 1, Oliver County, Wildcat, 1373' FNL and 22515' (sic) FWL, 'confidential', 2068' ground, API #333-053-99194;
The correct siting if, of course, 1373 FNL 2515 FEL.
The original note regarding this permit is at this post.
I noted, at the time:
Minnkota Power Coop has a permit for a wildcat well in SWNE section
27-142-84; Oliver County, far to the east of the Bakken; this is Minnkota's first permit in North Dakota;
A reader expanded:
The Minnkota Power Coop permit is a geologic test well for the Project
Tundra Carbon capture project that is progressing. Its part of the front
end engineering design portion of the project that is currently under
way in order to decide whether or not the project is ultimately built or
not.
Today, I noted there is a rig at this location. It's possible it's been there for weeks or months and I simply had not noticed. Regardless, the NDIC now shows a rig on site. [Update: see updates above. A reader notes that the NDIC reported that this well was spudded May 14, 2020, just one week ago.]
Graphic:
This Minnkota well is to the southeast, and outside, of the Bakken/Three Forks.
The Marcellus/Utica production region in the northeastern U.S. is not
immune to the upheaval in global energy markets. There, a number of
E&Ps are implementing further cutbacks in their natural gas
production. That will result in lower NGL production, which may have
serious implications for regional supplies of propane for heating this
coming winter. LPG exports out of the Marcus Hook terminal near
Philadelphia also may be impacted. Today, we look at recent developments
in the Marcellus/Utica and the potential effects of lower NGL
production in the region.
It has been a wild couple of months in energy markets, including the markets for NGLs.
For a few days in late April, a barrel of propane was worth more than a
barrel of crude oil. That isn’t supposed to happen, folks. Partly it
was a supply thing: production of crude oil and associated gas is
declining, bringing propane supplies down with it. At the same time,
though, demand for propane from U.S. steam crackers and from
international markets has been relatively steady. As a result, we
already are seeing flows, price relationships and differentials
convulsing in response to the new reality, and projections of future
supply/demand imbalances suggest a previously unthinkable possibility: a
U.S. market that can’t get enough propane supply, especially if the
winter of 2020-21 is a cold one.
