News And Comment: Nothing About The Bakken -- August 29, 2016

One can only laugh. I canceled my subscription to The New Yorker about a month ago but I still "read" it every week at the Southlake Library. I canceled my subscription because the magazine had turned into a political mouthpiece for Hillary.

One of my favorite pieces in The New Yorker was always "A Reporter At Large." This week's story: "The Moscow Laundromat: How Deutsche Bank helped Russians spirit billions out of that country."

I wonder if next week we will see "The DC Laundromat: How President Obama helped Iran get its half-billion dollars back."

Or even, "The DC Laundromat: How Solyndra served as a conduit for Democratic campaign contributions."

Nope. Probably not.

*******************************

Two Staff Writers At The NY Times  

Recognize That ObamaCare Marketplaces Are In Trouble

This is an absolutely worthless article, but it provides readers an update on where things stand, what people are talking about and what they are considering. It's a fluff piece to say the least. If interested, google ObamaCare marketplaces are in trouble what can we do NY Times. 

Looks like Reed Abelson and Margot Sanger-Katz are two new nominees for the 2016 Geico Rock Award.

Rick Newman over at Yahoo!Finance has noted the same thing: ObamaCare is in trouble. It is interesting that mainstream media is finally willing to note the obvious -- now that President Obama is down to less than 150 days in office.

He has been so incredibly awful, even grandmother Hillary is starting to look good. 

************************

A Note For The Granddaughters

The Human Genome

Nature: The Human Genome

Editor: Carina Dennis and Richard Gallagher

c. 2001

DDS: 599.935 HUM

The genome size is usually state as the total number of base (A, T, C, and G) pairs; the human genome contains roughly 3 billion.

There is little correlation between the complexity of an organism and the size of its genome.

• human genome: 200 times more DNA than yeast
• human genome: comparable in size to that of frogs and sharks
• human genome: dwarfed by the genome of the newt, with 15 billion base pairs
• a single-celled micro-organism, Amoeba dubia, is 200 x bigger than the human genome

One thought: an Amoeba -- threatened by its environment much more than a human -- may need that size of toolbox. If the environment threatens me personally today, I can always flee. An Amoeba cannot flee very far nor very fast.

-----

Genes (in more complicated organisms than bacteria) are divided into sections that code for proteins, called exons (meaning "expressed sequences"), interrupted by non-coding spacers called introns (meaning "intervening sequences").

Human genes vary greatly in length; where the average protein-coding sequence of a gene is about 1,000 to 2,000 base pairs, long stretches of non-coding sequence interspersed between exons can extend the boundaries by 20,000 -- 100,000 base pairs. The largest known human gene, which encodes dystrophin (an important protein in the scaffolding of muscle cells), is 2.4 million base pairs long, of which only 14,000 actually code for the protein.

Less than 2% of the human genome is made up of protein-coding sequences. We do not understand what most of the other 98% of the human genome is there for.

-----

A selection of notable genomes that have been sequenced:

• 1977: a bacteriophage; the first genome sequenced, 5,386 base pairs
• 1995: Mycoplasma genitalium; smallest genome of any free-living organism; 580,000 base pairs
• 1996: Saccharomyces cerevisiae; first genome of a "eukaryotic" organism; yeast used by brewers and bakers; 12 million base pairs
• 1996: Methanococcus jannaschii; the first genome from the third kingdom, Archae, which comprises microbes that live in harsh environments; 1.7 million base pairs
• 1997: Escherichia coli; workhorse bacterium for biologists; 4.7 million base pairs
• 1997: Heliobacter pylori; bacterium assoc with gastric disease; 1.7 million base pairs
• 1998: Mycobacterium tuberculosis; causes tuberculosis; 4.4 million base pairs
• 1998: Caenorhabditis elegans; the first genome sequence of an animal, the roundworm; 97 million base pairs
• 1999: Deinococcus radiodurans; highly radiation-resistant bacterium; 500 rads can kill a human being; some members of Deinoccocus can withstand millions of rads; 2.6 million base pairs
• 1999/2000: Homo sapiens; first human chromosomes; chromosome 22 (HSA 22; 48 million base pairs); HSA 22, 45 million base pairs
• 2000: Drosophila melanogaster; the fruit fly; important in laboratory genetic studies; 180 million base pairs
• 2000: Vibrio cholera; causes cholera; 4 million base pairs
• 2000: Arabidopsis thaliana; the first genome of a plant, the mustard weed; 120 million base pairs
• 2001: Mycobacterium leprae; leprosy; 3.3 million base pairs

----

Interesting: Nature says we have "24 chromosomes, 3.2 billion bases, and around 31,000 genes." Note: 24 chromosomes. Standard textbooks tell us we have 23 pair of chromosomes.

Human genome project: in less than 15 months, a draft sequence of 90% of the total human genome had been sequenced. The human genome sequencing project is of interest because:

• it is the largest genome to be extensively sequenced so far
• it is 25x as large as any previously sequenced genome
• it is 8x as large as the sum of all such previously sequenced genomes
• it is the first vertebrate genome to be extensively sequenced
• uniquely, it is the genome of our own species

-----

LTR: long-terminal repeat
LTR retroposons: long-terminal repeat retroposons
SNPs: single nucleotide polymorphisms

EOG Changes Name Of Well To "SWD" Despite Great Initial Production -- August 29, 2016

Updates

August 30, 2016: see this post also. 
 

Original Post

 

Active rigs:

	8/29/2016	08/29/2015	08/29/2014	08/29/2013	08/29/2012
Active Rigs	30	76	194	183	190

No wells coming off confidential list Tuesday.

No producing wells reported as being completed. 

Five new permits:

• Operator: BR
• Field (County): Dimmick Lake (McKenzie County)
• Comments: these are five Dodge permits in section 17-151-96; three middle Bakken and two Three Forks wells; all appear to be on one pad

Ten permits renewed:

• Statoil (3): one Michael Owan and two Reitin permits, all in Williams County
• Whiting (2): two Hecker permits in Stark County
• HRC (2): two Forth Berthold permits in McKenzie County
• Enduro Operating: one NSCU permit in Bottineau County
• Resource Energy Can-Am: one Olav permit in Divide County

EOG change the name of file #31247:

• 31247, conf, new name: West Clark 201-01SWD, was: West Clark 103-0136H -- production history:

Date	Oil Runs	MCF Sold
6-2016	37118	83594
5-2016	16264	28547

I don't understand this. When a file name includes PNC it means the permit has been cancelled. I would assume "SWD" means a salt water disposal well, but it makes no sense for this to be a SWD based on production. The well is still listed as being CONFIDENTIAL. 

Screenshot of the area where #31247 is located:

 

Another Pipeline Project Abandoned; Power Surge In Texas -- WSJ -- August 29, 2016

Best clip of the day! From MSNBC. 

From Reuters: Truck carrying Takata air bag inflators explodes in U.S., killing one. No link; by the end of the day, the story will be everywhere -- for all I know it will be the lead story on ABC News with David Muir tonight.

Exxon Mobil backs out of Alaska LNG project. From The Wall Street Journal.

Exxon Mobil has decided not to invest in the next stage of a proposed natural gas export terminal in Alaska and said it would work with its partners to sell its interest in the project to the state government.

The company’s decision comes amid a global glut of natural gas that has depressed prices and follows the release of a Wood McKenzie report earlier this week concluding the Alaskan project “is one of the least competitive” of proposed liquefied natural gas plants worldwide.

A spokesman for Exxon said Friday that the company will no longer invest in the proposal, which is “transitioning to a state project.” Exxon owns about one-third of the project, according to the state.

Last November, the Alaskan government paid $65 million for TransCanada Corp. ’s 25% stake in the project, known as Alaska LNG, which is expected to cost between $45 billion and $65 billion.

It has yet to be approved for construction and wouldn’t start commercial shipments before 2023, according to filings by its corporate backers. The other backers, BP PLC and ConocoPhillips, each hold roughly 20% stakes and have signaled that they, too, could pull out.

Power surge in Texas. From The WSJ today:

A startling energy bonanza has gone almost unnoticed in Texas: the rise of renewables. The Lone Star state has added more wind-based generating capacity than any other, with wind turbines accounting for 16% of electrical generating capacity as of April, and is anticipating a huge surge in solar power. We report that at a time when debate is raging between political parties over climate change, and critics charge that “green energy” is little more than a government creation, Texas has taken an approach that works within the state’s free-market-based electricity system. And state officials say wind and solar are almost certain to play a significant and growing role in the state’s energy future even when federal subsidies decline in coming years.

Renewable energy in Texas. From The WSJ today.

EVs will be here faster than "we" think. From The WSJ today.

Death spiral: as many as one-third of US counties may have one ObamaCare option. Now it's all about monopolies. From The WSJ. One has to ask the question: if more and more folks opt out of ObamaCare will that improve the economy? Imagine what families could do with an extra $2,000/month in their wallets.

How good is Tony Romo? He has won one -- that's right, one -- play-off game. From talk radio, Ft Worth. 

And now for another perspective: the Dakota Access Pipeline and the "law of Christendom." From Indian Country, TodayMediaNetwork. com.

The news not being reported: when you add up Trump's numbers (44%) and Hillary's numbers (44%) one gets ... let's see ... 88%. That leave 12% voting for someone else (or not voting). My hunch: that 12% is not going to be split down the middle between Trump and Hillary.

**************************************

Back To The Bakken

Active rigs:

	8/29/2016	08/29/2015	08/29/2014	08/29/2013	08/29/2012
Active Rigs	30	76	194	183	190

RBN Energy: the series continues -- too much pipeline in the Marcellus / Utica?

Of all the demand markets in the U.S., the biggest prize eyed by Marcellus/Utica natural gas producers is the Gulf Coast region, where a combination of industrial demand, LNG exports and power generation projects is driving a need for more and more gas. And beyond the U.S. Gulf Coast states, there lies still another market capable of gobbling up even more of the excess Northeast gas supply: Mexico’s rapidly growing gas-fired generation sector ––that is, assuming pipelines in Texas can get it all the way there. There is over 4.0 Bcf/d of Marcellus/Utica-to-Gulf-Coast takeaway capacity planned to be completed over the next few years. Today, we look at the status and timing of Northeast pipeline takeaway projects targeting the Gulf Coast.

With the Northeast producing region hoping for access to close to 18 Bcf/d of incremental takeaway capacity over the next several years, the question now becomes, will there be too much takeaway capacity out of the Northeast?

To answer this, we first looked at the RBN Northeast production outlook and prospects for supply growth under three commodity-price scenarios, concluding that efficiency gains and the uncompleted well inventory (DUCs) indicate that even the low production case will lead to at least some supply growth in the region. With that in mind, we turned our attention to upcoming takeaway capacity projects, organized into five outbound flow corridors that we defined for our analysis. Of the 24 projects RBN is tracking in our Midstream Infrastructure Database Interface (MIDI), six projects totaling 3.3 Bcf/d are headed to the New England and Mid-Atlantic states, or along what we call the East corridor; two projects adding up to 0.65 Bcf/d are planned for the Canadian corridor and four projects totaling 4.3 Bcf/d to the Midwest via Ohio ;and  four projects with a combined 5.2 Bcf/d to the Southeast along the Atlantic Coast are under development.  

We also started our examination of what some of this new gas supply will do to natural gas markets along the Gulf Coas. 

Today, we look at each of the projects that will flow Marcellus/Utica gas along the fifth and final corridor — the Gulf Coast via Ohio, aka the Promised Land of future natural gas demand.

******************************

The Market

Closing: it looks like the market closed up about 100 points. NYSE --

• new highs: 201
• new lows: 11

Mid-day trading: wow, up 120 points. How quickly the Fed became irrelevant. The Dow 30 is near its 52-week high, which would be another all-time high. NYSE:

• new highs: 157; BRK-B (a huge whoop);
• new lows: 10;

Opening: so much for Janet Yellen's speech last Friday. The market surges 81 points on opening.  Late morning, the market (Dow 30) was up over 100 points. BRK-B surged to a new all-time high, flirting with $150. A big whoop. XLNX also continues to move up about one-half percent. NYSE:

• new highs: 134;
• new lows: 10;

Futures: not as bad as overnight reports suggested.

No Wells Coming Off The North Dakota Confidential List Until September 3, 2016 -- August 28, 2016, Oh, Why Do I Love The Bakken?

I don't think I have seen this since 2009 -- a full weekend, and in this case, seven consecutive days in which there will be no wells coming off the confidential list. We won't see the next well coming off the confidential list until September 3, 2016, next Saturday.

Wonder, wonder, why, I love the Bakken?

I Wonder Why, Dion & The Belmonts

************************

DFW

Sunday night. Surfing YouTube. Sitting at the kitchen table in our little hovel. Low lighting inside. Dark outside. Other than occasional headlights moving through the apartment complex, it is completely dark outside. I had not noticed that before, but it appears we have no streetlights in the complex. That probably explains the high rate of bikes being stolen. I bring mine indoors at night.

I couldn't be in a better mood. In our 39 years of marriage, we've never really had nice furniture, but over the past few months -- beginning in April, 2016 -- we have really acquired some nice Stickley furniture. I cannot articulate how incredible it is to sit in our dining room with the furniture. It completely changes everything. It is interesting how little pieces seem to come together.

Our younger daughter and her husband sent us a wonderful wall decoration -- "Welcome" with the silhouette of Bison bison bison. It complements the furniture perfectly.

With no Bakken wells coming off the confidential list for the next six or seven days, it's going to be a long, long week. It will give me a chance to catch up on some reading and some surfing.

Idle Rambling On The New iPhone 7 -- The Apple Page -- August 28, 2016

Updates

August 29, 2016: from Macrumors --

The fall 2016 event is expected to see the debut of the next-generation iPhone 7 and iPhone 7 Plus, which are rumored to feature improved cameras, better processors, and improved water resistance, implemented through the removal of the headphone jack and the introduction of a new flush, pressure-sensitive home button. Both devices are said to look similar to the iPhone 6s, with the same general size and shape, but with relocated antenna bands that no longer span the back of the devices.

Original Post

 

The next Apple "launch" is sometime in September, next month. Lots of rumors, as usual.

One rumor: Apple will "remove" the headphone "jack" from the new iPhone 7. If Apple does not remove the headphone "jack" I will be quite disappointed in Tim Cook. Steve would have removed the "jack" at least one iteration ago (the 6s) and even possibly two iterations ago (the 6).

I mentioned that to my wife earlier this morning. This afternoon I took a bike ride to the Apple store in Southlake (stopping at Costco and Barnes & Noble, along the way). At the back of the story is where they keep accessories: drones, headphones, power cords and adapters, cases, external hard drives (terabytes of storage).

By the way, you can get 2 TB of brand-name external hard drive storage for $69 at Costco; at Apple, brand-name external 2 TB storage will cost $109. Add another 8% at each store for tax. But I digress.

In the past, the back end of the store with the accessories has been pretty much a "lot" of everything. But today, it seemed about 75% of the space was for Beats wireless over-the-ear headphones and Beats wireless ear buds.

The display almost shouted: "Yes, the iPhone 7 will NOT have the headphone jack. You will need a wireless pair of ear buds or headphones.

I was curious was Macrumors.com might have to say about wireless headphones. When googled, this was the first hit: "Apple stores offering exclusive Jaybird Freedom (Wireless) Ear Buds."

Again, "it" just seems to shout: ""Yes, the iPhone 7 will NOT have the headphone jack. You will need a wireless pair of ear buds or headphones."

If Tim Cook does not pull the headphone jack, I will be quite disappointed, not because it makes any difference to me (I don't have an iPhone) but because it suggests to me Tim Cook is not willing to skate to where the puck will be.

The iPhone already has wireless built in, so this would be removing a piece of hardware the iPhone no longer needs. The "jack" is the long pole in the teepee with regard to the thickness of the iPhone: removing the "jack" will allow Apple to make the iPhone thinner.

***************************

Death Spiral

ObamaCare -- the "insurance program that promised you can keep your doctor, you can keep your health plan" -- is in a death spiral. I think the milliondollarway was the first non-commercial (no ads) blog that used that phrase, "death spiral."

The Washington Post is using the phrase "far short than forecast" to describe how many folks are signing up for ObamaCare. Look how bad this is:

Enrollment in the insurance exchanges for President Obama’s signature health-care law is at less than half the initial forecast, pushing several major insurance companies to stop offering health plans in certain markets because of significant financial losses.

As a result, the administration’s promise of a menu of health-plan choices has been replaced by a grim, though preliminary, forecast: Next year, more than 1 in 4 counties are at risk of having a single insurer on its exchange.

Debate over how perilous the predicament is for the Affordable Care Act, commonly called Obamacare, is nearly as partisan as the divide over the law itself.

But at the root of the problem is this: The success of the law depends fundamentally on the exchanges being profitable for insurers — and that requires more people to sign up.

In February 2013, the Congressional Budget Office predicted that 24 million people would buy health coverage through the federally and state-operated online exchanges by this year.

Just 11.1 million people were signed up as of late March.

Obama no longer cares. He has moved on. Getting ready for the next chapter in his life which most likely includes a Clintonesque MuslemUSA Foundation.

By 2018, if not by the end of 2017, we will pretty much see the end of ObamaCare prompting Ms Clinton to go to Congress for the "public option" -- a euphemism for "US National Health Service." Medicare for all.

And she may very well get it.  Especially if the GOP loses the Senate and the House. And the Supreme Court.

ObamaCare? Wipeout?

Wipeout, cover, MissDrumz