$50 Oil Is Not Enough To "Save" Saudi Arabia -- It Simply Slows The Pace Of Deterioration -- Analyst -- October 5, 2016

The first year of Prince Salman's new economic policy is not looking good -- Bloomberg/Rigzone.

Also, the July, 2016, data has just been released for:

• total US crude oil imports
• US crude oil imports from Saudi are trending down
• huge increase in US crude oil imports from Kuwait and Angola; Saudi took the huge hit
• US crude oil imports from Canada continues to trend up
• likewise, US crude oil imports from Russia are trending up
• US crude oil imports from Mexico on downward slope

It appears US crude oil imports from Saudi Arabia are simply enough to satisfy Saudi's refinery along the US gulf coast.

Seven New Permits -- October 5, 2016

Active rigs:

	10/5/2016	10/05/2015	10/05/2014	10/05/2013	10/05/2012
Active Rigs	32	67	190	183	190

Wells coming off confidential list Thursday:

• 32321, 1,026, Hess, EN-Freda-154-94-2635H-9, Alkali Creek, t9/16; cum 4K after 1 day of production;

Seven new permits:

• Operators: XTO (5), QEP (2)
• Fields: Lost Bridge (Dunn), Heart Butte (Dunn)
• Comments: track the Lost Bridge oil field here; the Heart Butte field here. The fields might need updating. The five XTO permits are Jorgenson Federal 44 permits in section SESE 5-148-96 (see below); the two QEP permits are MHA permits in section swsw 4-149-91. [Later, XTO with four more permits on the same pad, or the same immediate area, the very next day, as the 5 new permits noted below.]

Again, no DUCs reported as being completed.

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Note the location of the five new XTO Jorgenson Federal permits in Lost Bridge oil field:

Slowest Recovery Since WWII -- CNN -- October 5, 2016

The story has been known and reported for quite some time.

The "news" is that CNN is reporting this, that this is the slowest US recovery since WWII.

Considering not much happened before WWII -- with regard to the market -- except the 1929 crash -- one could say this has been the slowest recovery in modern US history, perhaps in US history, despite Krugman's and Bernanke's gazillions in helicopter money. I assume the helicopter money was sucked up by ObamaCare, Solyndra et al, and wind farms.

But then CNN goes on to try to "claw back" the facts. The headline says it all; after that it's all Clinton News Network.

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The Apple Page

Now, even the replacement Samsun Galaxy Notes are catching on fire -- one on an airplane. From Macrumors:

Over the past few weeks, Samsung has been replacing recalled Galaxy Note 7 smartphones that have faulty exploding batteries with new devices, but an incident today suggests the South Korean company's smartphone woes aren't over.

A Southwest flight from Louisville to Baltimore was today evacuated just before it pulled out of the gate because a Samsung Galaxy Note 7 smartphone started smoking. While no one was injured, there is a serious problem -- the Galaxy Note 7 in question was a replacement device that had been deemed "safe" by Samsung.

According to The Verge, the owner of the Galaxy Note 7, Brian Green, had replaced his original Galaxy Note at an AT&T store on September 21. The smartphone had a green battery icon and box the device came in features a black square, both of which are indicators of a replacement Note 7.

CLR's Huge Whitman Well Was Off-Line All Of August, 2016 -- October 5, 2016

Taken off-line all of August, 2016, this well has produced almost 1.5 million bbls of oil since late 2011, only 5 years ago:

• 20210, 803, CLR, Whitman 2-34H, Oakdale, Bakken, s1/11; t9/11; AL; cum 1.4676 million bbls 7/16; 24 stages; 2.4 million lbs; middle Bakken; runs south; 4 section spacing; this is an incredible well; still 19,000 bbls in October, 2015; off-line all of 8/16;

Production profile last few months:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2016	0	0	237	0	0	0	0
BAKKEN	7-2016	30	10534	10558	350	11332	10035	1065
BAKKEN	6-2016	30	11354	11279	440	12596	8945	3412
BAKKEN	5-2016	31	12067	11991	479	14115	13656	212
BAKKEN	4-2016	27	10189	10128	528	11146	10973	0
BAKKEN	3-2016	22	7488	7556	378	8345	8035	148
BAKKEN	2-2016	28	14342	14489	508	17102	14948	1937
BAKKEN	1-2016	31	16387	16135	573	17603	14354	3001
BAKKEN	12-2015	31	17007	17109	643	18828	13820	4760

A sundry form dated March 12, 2016 showed that CLR installed a pump on this well on 3/12/16. Later, there is a sundry form received September 23, 2016, that a 20-bbl leak was noted and repaired; clean up was concluded March 15, 2015.

We're Gonna Need A Lot Of Wind Turbines By 2025 -- October 5, 2016

And, of course, all those wind farms will need to be backed up by natural gas power plants. LOL.

Office buildings with data centers use a lot more electricity than your mom-and-pop 7/11 convenience store. Just saying.