November 15, 2015: some things to keep in mind when thinking about these 1,000+ wells waiting to be fracked:
they are all in the sweet spots of the Bakken
operators have spent 7+ years perfecting completion techniques, resulting in huge 90-day production, and then 1-year production profiles
every well in the Bakken -- especially in the sweet spots -- will create a halo effect on neighboring wells
the infrastructure is most robust in the sweet spots of the Bakken
3 - 5 days to frack; once decision is made to frack, oil will moving fairly quickly after that
In other words, these are going to be the best of the best wells in the Bakken; they are going to increase the production from neighboring wells with no increased associated expense; and, the can be completed in just a few days.
Original Post
From Seeking Alpha:
The number of oil wells in North Dakota that have been drilled but not fracked surpassed 1,000 for the first time in September, as producers wait for prices to recover before turning them on.
As
a result, more than 8% of oil wells in North Dakota now are sitting
idle, harming the industry's ability to grow production; daily output in
the state fell 2% in September to ~1.16M bbl/day.
The
backlog is "sending a definite signal to the market that oil and gas
operators are not willing to do a lot of drilling or hydraulic
fracturing or production at these low prices," says Lynn Helms, director
of the state's Department of Mineral Resources, who figures the backlog
is not likely to be worked off until next year at least, and only if
oil prices rise.
There are so many story lines here, but I've had a busy weekend, so all of this will have to wait. For more of September, 2015, data, click here.
There are least as many wells in Texas waiting to be fracked, maybe twice that number. It's time for the US government to empty the strategic petroleum reserve and shut the operation down. The SPR is no longer needed. Actually it looks like the SPR will simply become a "slush fund" of sort as Congress starts selling off the oil to raise money for other projects.
July 27, 2017: the article does not say when Baltimore took the law off the books but it's amazing that any councilman would vote against putting this law back on the books. The law: one-year minimum sentence if caught with an illegal gun. The law is already being watered down. Again this tells me that some folks really aren't concerned about homicides in Baltimore.
Ten federal law-enforcement agents are being assigned to the Baltimore
Police Department’s homicide unit for 60 days to help solve murders amid
the city’s worst surge of violence in decades.
For 60 days. That's just enough time to put together two or three
PowerPoint presentations, have a few 3-martini lunches, and head home.
Are they serious? My hunch is that Baltimore couldn't come up with the
cash necessary to pay for more Feds for more days. Doesn't the Bakken
have about ten full-time FBI agents? Just asking. I don't know. And it's
rhetorical. Please don't tell me.
Baltimore has had 192 homicides so far this year, a 57% jump from
this time last year, police say. Nonfatal shootings are up more than
80%, records show.
The
city had 42 homicides in May—a one-month total that hadn’t been seen
since 1990. July was even bloodier, with 45 homicides—which tied the
city’s highest monthly tally set in August 1972, according to news
reports.
Baltimore has recorded its 300th homicide of the year.
Police Commissioner Kevin Davis said in a statement Saturday evening
that it was a "sad homicide milestone." He said that "it's important to
pause and vow to continue our collective fight to find a better path
forward."
The 300th victim was a 27-year-old man who was stabbed multiple times
Saturday and later died. It's the first time since 1999 that the city
has recorded 300 homicides. In 2014, the city saw 211 killings for the
year. Baltimore crossed the 200 death mark in August.
The White House was on the defense Wednesday morning for statements made
by President Obama -- who labeled Friday's Paris massacre that left 129
dead a "setback" -- and Secretary of State John Kerry's claim that the
terrorists who in January attacked Charlie Hebdo had a "rationale."
White House spokesman says we are paying too much attention to officials' words. November 17, 2015: I opined several years ago that there was a very good chance that President Obama would implode. His comments following the Paris attacks suggest that he is "losing it," much like President Nixon did several decades ago. Even his most ardent supporters seem to have had enough:
“I read the intelligence faithfully. ISIL is not contained, ISIL is
expanding,” Sen. Dianne Feinstein (Calif.), the top Democrat on the
Senate Intelligence Committee, told MSNBC’s Andrea Mitchell, on Monday, using an alternate acronym for the group.
I doubt President Obama has read any intel briefings on ISIS. He quit going to intel briefings years ago, taking written briefs instead. If he is attending intel briefings now, it is "for show."
November 16, 2015: ISIS threatens DC. Michelle is not concerned; she is never in town.
"The killing of innocent people based on a twisted ideology is an attack
not just on France, not just on Turkey, it is an attack on the
civilized world," Obama said during a meeting.
I didn't read the story, but again, it appears President Obama still can't bring himself to use the word "terrorist" or "terrorism."It's simply the killing of innocent people -- sort of like what we see in Baltimore every day. Nothing more, nothing less, apparently in the president's mind. What a great guy. But it is a fact that President Obama et al won't use the phrase "radical Islam."
November 15, 2015: rumor has it that Bill Maher will fly to Syria to personally congratulate ISIS on an incredible execution of terrorist planning, rivaling 9/11 for precision execution.
November 15, 2015: rumor has it that community organizers at University of Missouri and Yale University will fly to Paris to share stories of their own experiences of hatred in the US, and to see how a $15 / hour minimum wage will work in the US. Some of the students at the University of Missouri say they have been called bad names, like "dummy" and "stupid."
November 15, 2015: headlines over at Drudge Report -- remember, these are taken from all US media, including NY Times and LA Times:
Paris attack puts dagger through heart of liberal Europe
Police questioned, released suspect after attack
Anti-Islam protest break out across France
Goodwin (NY Post): time for Obama to make a choice, lead or resign
Hollande wants 3-month state of emergency
Flashback: ISI claims thousands of jihadis smuggles in as refugees
resettlement resistance in USA
Michigan govern suspends efforts to accept refugees
manhunt for 8th Paris suspect
"attacker was woman"
November 15, 2015: will President Obama continue to push his agenda to close GITMO in light of the Paris attacks? Remember, the House and the Senate overwhelmingly have said "no" to closing GITMO. White House spokesman says closing GITMO by executive order is still "on the table."
November 14, 2015:
The terrorist attacks in Paris on Friday the thirteenth raise a number of questions or observations.
Supposedly seven sites were hit simultaneously.
The first question: were there more sites targeted or were the terrorists 100% successful in hitting all sites. If they were 100% successful it speaks volumes. It tells me that no one in Paris is paying attention. And of the many cities on the continent, Paris was probably the most likely to get hit like this based on demographics.
The second observation brings us closer to home. It puts “Clock-Boy” into perspective.
Does it bother anyone in the mainstream media — or have they even connected the dots — that we have a very naive president who blew off “Clock-Boy” as some kind of racial incident, when in fact the community was doing exactly what New Yorkers have been taught to do: see something, say something?
Somehow I can’t get too excited about “Clock-Boy” being taken downtown by law enforcement personnel. That’s a whole lot better than picking up body parts of 100 elementary kids blown up by a home-grown American terrorist.
What we have now is the opportunity for “Clock-Boy-II” to walk into any school in the nation and let him set the timer because no one wants to be accused of being racist.
I can’t wait to see the rest of the questions and observations that come out of this.
By the way, as of Saturday, the day after the blasts, The Los Angeles Times has hardly covered the story. In The New York Times it’s in a sidebar at the left. Everywhere else it’s the entire front page. This is a big story. It again speaks volumes that the Los Angeles Times hardly covers the story. Maybe if we ignore it, it won’t happen here.
Original Post
There is way too much happening right now to keep up with everything. In the old days, I tried to keep going but found it too exhausting. So, for now, a DVD movie (some classic), some book reading, some dinner, and we'll see what happens next. Meanwhile, for the Parisians, Algore and company will tell them their greatest "risk" is melting Arctic ice sheets. And that's the way it is on Friday night, Friday the thirteenth.
Earlier today, President Obama stated categorically ISIS is not gaining strength:
ISIS is not gaining strength -- President Obama -- hours before major simultaneous terrorist hits in Paris
Two words: fathomless ignorance.
By the numbers, in Paris:
atmospheric CO2: slightly less than 400 ppm
Muslims: slightly more than 150,000 ppm
These are the headlines over at Drudge:
Muslim outrage: 150+ dead
Apocalyptic scene
Military deployed (I honestly did now the French still had a "military")
First curfew since 1944
French president closes borders
Gunmen shout "Allah Akbar"
It's For Syria
ISIS celebrates: Paris in flames
Algore hosting 24-hour live climate webcast from Eiffel Tower
Attacks in at least seven different locations (mainstream media asks whether attacks might be linked)
Witness relates bloodbath at packed concert venue
Earlier today: President Obama declares ISIS contained
FBI: 1,000 active ISIS probes inside USA
Muslims on track to exceed Jewish population in USA
Obama moves to increase and accelerate admission of Syrian refugees
Meanwhile US college students demanding tuition-free education; school loans "forgiven"; and, $15/hour minimum wage -- I'm glad they're paying attention.
Later, November 14, 2015, 9:30 p.m.: just after the Paris bombings, I wrote Don to tell him that Trump surged by 20 points in the polls. I wasn't too far off; poll numbers that came out after my note shows Trump's lead surged to 42% -- a Drudge Report headline.
***************************
Algore Kerry: Global Warming Is Parisians' Greatest Threat
Weekend weather: 22′ Waves, 50mph Winds, & Up To 110″ of Snow Forecast for Washington Next 2 Days
Tweeting now: even if the White House is, the French are not afraid to use the word "terrorists" or "terrorism" --
Photo: French President François Hollande, after visiting wounded victims of the Paris attacks, says France will be 'ruthless' with terrorists
It will be interesting to see if the White House spokesman on the Sunday television morning talks shows call this an act of terrorism. For some, maybe it's just a crime.
Comments: that Brooklyn field has been a huge surprise; some time ago I described the Brooklyn field as: a small, non-descript field NW of Williston; "owned" by CLR; excellent example of how an operator systematically drilled one entire field with one rig; holding the entire field by production within a year or so; has received the most comments of any field.
North Dakota oil production for the month of September decreased by a little over 2%, a little over 25,000 bopd, compared to the previous month, August, 2015. The EIA estimated the entire US crude oil production would decrease by about 45,000 bopd in October, compared to September. [Be careful: the EIA estimate is for October crude oil production; the Director's Cut released today is September data.]
Because so much is carried forward from previous posts, there are likely to be errors in previous data; I would go to the source if this information is important to you.
I track the "cuts" here. Disclaimer: this update is always done in haste; typographical and factual
errors are likely. This is for my use only. If this is important to you,
you should go to the source.
Note: facts and opinions are interspersed in the note below. Do not
make any investment or financial decisions based on what is posted
below; there will be factual and typographical errors. If this
information is important to you, go to the source.
flaring today: 19%, down from 20% the previous month
finally, the Tioga gas plant was down to 90% capacity (down slightly from previous month) capacity (92% last month; 90% prior; and, 93% previous to that)
the Lake Sakakawea gas gathering expansion project was approved, but it was approved too late for the
2015 construction season, resulting in a one-year delay.
Gas capture statistics:
statewide: 81% (October 2014 target was 74%; CY 2015 capture target is 77%)
FBIR Bakken: 83% (was 77% last month)
Fracking policies/regulations: (see source linked above; way too much to post)
