Bakken region oil production for May, 2016: decreased by 31,000 bopd from April, 2016.
production change from legacy wells: a decrease of 55,000 bopd
production change from new wells: an increase of 24,000 bopd
New-well oil production per rig, increased at all but one play*:
Niobrara, increased by 23 bbls to 915 bbls/day/new well
Eagle Ford, increased by 23 bbls to 994 bbls/day/new well
Bakken, increased by 17 bbls to 832 bbls/day/new well
Permian, increased by 13 bbls to 493 bbls/day/new well
*This is from the chart. A screen-shot of this chart is below. Note that the chart shows "June 2016" data and does not say this is "estimated." The PDF has a completely different number. The pdf says the April, 2016, monthly addition from one average rig was 757 bbls whereas the May, 2016, monthly addition from one average rig was 767 bbls.
When something happens overnight with no explanation, one needs to start following the dots. The overnight event? The back-up in TSA lines. Literally, the story popped up overnight and stories coming out of the terminals suggest the TSA agents are standing around, joking, no sense of urgency. So, let's back track this:
Just in time for presidential election this November ← reports of work slowdown first surfaced in Chicago's Midway ← find cities with strong union support; home of community organizers ← TSA work to rule ← how to get TSA attention, media coverage? ← how about 4,000 more TSA agents? ← which unions, where? ← expand unions ← more voters needed, especially in swing states like Illinois ← need expanded voting blocs in time for November election
Total output is expected to fall by nearly 113,000 bpd to 4.85 million bpd, according to the U.S. Energy Information Administration's (EIA) drilling productivity report released on Monday.
Bakken production from North Dakota is forecast to fall 27,000 bpd, while production from the Eagle Ford formation is expected to drop 58,000 bpd. Production from the Permian Basin in West Texas is expected to drop 10,000 bpd, according to the data, representing its second consecutive monthly decline.
Algeria will supply oil and other energy products to Jordan for the first time under a memorandum of understanding signed on Monday, as the OPEC member seeks to diversify sales after years of stagnating crude production.
Energy companies in Japan, a country almost entirely reliant on fossil fuel imports, are slashing investments by more than one-third following the collapse in commodity prices, increasing pressure on Prime Minister Shinzo Abe’s government to supplement exploration budgets. Spending will plunge 37 percent to about 1.2 trillion yen ($11 billion) in the year to March, the country’s Ministry of Economy, Trade and Industry forecast in a report Tuesday.
The drop, just one slice of cuts globally, adds urgency to the government’s plans to sustain investment by the country’s explorers and accelerate efforts to get 40 percent of its oil and gas from domestic firms. The world’s biggest consumer of liquefied natural gas and fourth-largest crude buyer relies on imports for 94 percent of its primary energy supply, according to the country’s Federation of Electric Power Companies.
Japan may allocate 3 trillion yen over the next five years to help develop large-scale oil and gas developments with state-run Japan Oil, Gas and Metals National Corp. investing in projects, the Nikkei newspaper reported last month.
The case of the chocolate cake slur, it seems, was simply a hoax.
An openly gay Texas pastor who had accused Whole Foods
of defacing his cake with an anti-gay slur dropped his lawsuit against
the grocery chain on Monday, issuing an apology that said he was wrong
to “perpetuate this story.”
“The
company did nothing wrong,” the pastor, Jordan Brown, said in a
statement. “I was wrong to pursue this matter and use the media to
perpetuate this story.”
He also apologized to the lesbian, gay, bisexual and transgender community “for diverting attention from real issues.”
Whole
Foods had forcefully rejected the accusations by Mr. Brown, 31, who
claimed that he had bought a frosted cake from a store in Austin, TX,
and asked that the words “Love Wins” be written in icing on top — only
to discover while driving away that a slur had been added.
Mr.
Brown’s apology represented a remarkable about-face from his remarks
last month, delivered at a news conference alongside his lawyer, during
which he choked back tears as he told the story.
**********************************
Headlines From Today's WSJ
Maybe I will get to these later, maybe not. Doesn't matter.
The Canadian fire isn't over: another 8,000 oil-sands workers evacuated when wind shifted.
Home Depot boosts guidance on strong same-store sales.
American farmers face oversupply of cheese, meat -- pushing down prices.
Girls beat boys in US test of technology literacy.
Scotch whisky exports stabilize, with modest decline in 2015.
Video: worth a watch -- world's largest cruise ship makes maiden voyage; Southampton, England, to France; the inaugural voyage to Barcelona; this thing is huge; words can't describe it
Getting a lot of press: Warren Buffett's investment in Apple (technically it was the "heirs" that made the investment, not Warren -- $1 billion
Tiger Woods' golf demonstration does not go as planned; hits three shots into water at Congressional. Link here. This was a par 3 tenth hole, perhaps one of the easiest holes for pros. This was a "trial run, a demonstration" -- not part of a tournament.
Look at the numbers coming out of Detroit public school system:
2002 - 2003: 164,496 students
2015 - 2016: 47,000
K-12 students overall in Detroit: public, private, charter:
2002: 201,774
2012: 119,758
Charter schools
publicly funded
privately run
scaled up rapidly in last decade
2011: Education Achievement Authority
separate entity aimed to improve Detroit's worse schools
now with 6,000 students
2009: Detroit public schools put under control of state-appointed manager
manager of the state-appointed emergency manager of the Detroit public school district: the same guy who just resigned over his involvement in the Flint water crisis
Female directors make sex on screen
more interesting, Susan Sarandon has claimed, as she sets her sights on
making the pornography industry more acceptable to women.
The
Oscar-winning actress said that female directors were less embarrassed
about exploring the reason people have sex and “what the scene is
supposed to tell you about these people”.
Sarandon was speaking at
the Cannes Film Festival, which has often been overshadowed by
accusations of sexism. There is annual criticism of the low number of
female directors, and last year it emerged that festival organisers
demanded that women attending red-carpet events had to wear.
A quick nexus search on the blog reveals some interesting dots that connect: Apple, Blu-Ray, Paglia, Mulholland Drive, Rocky Horror Picture Show.
If you came here looking for the Bakken, scroll down or go to the sidebar at the right.
I've been watching Pannebaker's 1968 Monterey Pop Festival DVD.
On any given night, I might pick a different "act" to call the "best." Tonight it happens to be Otis Redding's "I've Been Loving You Too Long." Wow.
And then I read the comments. Had it not been for the blog I would not have known about the Swampers. I've long forgotten who alerted me to the Swampers but whoever it was, a huge "thank you."
I have about a dozen music DVDs; they are the best of the best. And one of them is of Muscle Shoals; I never would have known of Muscle Shoals had I not blogged about Sam Phillips. Someone saw the post and said if I enjoyed the Sam Phillips DVD, I would love Muscle Shoals. That was so true; it became one of my favorites. Tonight, when I went to YouTube to see Otis Redding, someone said he did most of his good stuff with the Swampers. Incredible. It comes full circle.
So, there you have it. I could quit now, but I'm in the mood to let a stream of consciousness take over.
Otis Redding
I had a close friend some time ago. She said it best: "No, I don't think about suicide. But often I wish I could just fall asleep and not wake up again." Having been so lucky to have experienced the '60's I often think that if I fell asleep and never woke up, at least I saw the '60's. If that makes sense. It helps me put things into perspective.
Stand By Me, Ben E King
I see oil futures this evening have oil over $48 (WTI).
Can you believe this, OKC Thunder stuns Golden State Warriors, 108 - 102, at Sacramento? Wow.
Someone suggested it was time for another road trip; I agree. But I can't leave Sophia.
The [Baltimore] Ravens had "a five-minute period on May 6 [2015] when rookies and first-year players suited up in pads during a non-contact punt protection drill.
That's against the rules and the NFL will investigate.
According to Hensley's story, the Ravens thought rookie minicamps had different rules than regular OTA practices (so .... they've been violating the CBA for five years?) and pulled the players off the field after Ravens union rep Ben Watson offered some clarification.
If it was just five minutes, that's very easy to confirm because all practices are filmed. But it's still impossible to believe the Ravens had no idea that rookie minicamp wasn't under the same rules about padded practices as the rest of the OTA work.
It's not a new coaching staff and it's not a new rule, either. Maybe it's not a coincidence it happened with rookies who might not know any better.
It might have only been five minutes, and maybe it was an honest mistake, but it'll be easy for the NFL to determine if the Ravens broke a longstanding rule. That five minutes could end up being pretty costly.
And I thought "deflategate" was blown out of proportion.
Obviously we're not going anywhere with this tonight. See you all tomorrow.
Since the last update one month ago, these three 1Q15 DUCs have been reported as completed:
25854, 3,098, Statoil, Skarson 1-12 2TFH, Banks, t4/16; cum --
25855, 3,115, Statoil, Skarston 1-12 3TFH, Banks, t4/16; cum --
25857, 4,545, Statoil, Skarston 1-12 4H, Banks, t4/16; cum 4K after 4 days;
Since the last update (unsure when that was), these 2Q15 DUCs have been reported as completed:
30193, 687, XTO, Evelyn 31X-3C, Lindahl, t3/17; cum 10K only 18 days in 3/16;
30194, 352, XTO, Evelyn 31X-3GXH, Lindahl, t315; cum 1K after 4 days;
30196, 231, XTO, Evelyn 31X-3H, Lindahl, t3/16; cum 7K; only 10 days in 3/16;
30195, 686, XTO, Evelyn 31X-3D, Lindahl, 3/16; cum 4K only 13 days in 3/16;
29968, 819, XTO, Odegaard State 31X-16C, Midway, t4/16; cum --
29969, 644, XTO, Odegaard State 31X-16BXC, Midway, t3/16; cum -- only 2 days on line;
28079, IA/689, Oasis, Helling Trust Federal 5494 42-22 12T2, Alkali Creek, t12/15; cum 4K after 8 days and then taken off-line;
29564, 3,583, Statoil, Skarston 1-12 XE 1H, Banks, t3/16; cum 14K after 6 days;
Since the last update (unsure when that was), these 3Q15 DUCs have been reported as completed:
30370, 698,
30372, 413,
30859, 156,
30651, IA, produced 3 days 2/16;
30669, 10,
30670, 320,
30173, drl --> SI/NC,
29448, 1,986,
30535, IA, produced a bit, but off-line immediately
30757, 81,
30758, 396,
29752, drl - 233,
30257, 2,110,
30420, 135,
30256, 1,617,
29972, 1,643,
29973, 3,702,
29974, 380,
30456, 1,558,
29563, 4,278,
