Sunday, May 28, 2017

Wells Coming Off Confidential List This Next Week -- May 28, 2017

Saturday, May 27, 2017
  • None.
Sunday, May 28, 2017
  • 33107, SI/NC, Kraken Operating, Coveleski 26-35 4H, Lone Tree Lake, no production data,
Monday, May 29, 2017
  • 32100, SI/NC, Abraxas Petroleum, Stenehjem 9H, North Fork, no production data,
  • 33012, 824, Oasis, Teal 5692 13-22H, Alger, 23 stages, 8.5 million lbs t12/16; cum 55K 3/17;
  • 33106, SI/NC, Kraken Operating, Coveleski 26-35 3H, Lone Tree Lake, no production data,
Tuesday, May 30, 2017
  • None.
Wednesday, May 31, 2017
  • None.
Thursday, June 1, 2017
  • 32099, SI/NC, Abraxas Petroleum, Stenehjem 9H, North Fork, no production data,
  • 33105, SI/NC, Kraken Operating, Coveleski 26-35 3H, Lone Tree Lake, no production data,
Friday, June 2, 2017
  • 28434, 1,308, EOG, Fertile 102-0333H, Parshall, 46 stages, 11.91 million lbs, t12/16; cum 92K 4/17;
************************************
28434, see above, EOG, Fertile 102-0333H, Parshall:

DateOil RunsMCF Sold
3-2017167128256
2-2017105743314
1-2017186243676
12-2016309978135

 33012, see above, Oasis, Teal 5692 13-22H, Alger:

DateOil RunsMCF Sold
3-201765762779
2-2017112924197
1-20171612910659
12-20162081215294

USGS Topographic Maps For Free -- Via National Geographic -- May 28, 2017

Don alerted me to a very, very interesting feature National Geographic now provides for free: printable USGS pdf topo in the contiguous United States.

This is the link: http://www.natgeomaps.com/trail-maps/pdf-quads.

From the link:
National Geographic has built an easy to use web interface that allows anyone to quickly find any 7.5 minute topo in the contiguous U.S.A. for downloading and printing. Each topo has been pre-processed to print on a standard home, letter size printer. These are the same topos that were printed by USGS for decades on giant bus-sized presses but are now available in multi-page PDFs that can be printed just about anywhere. They are pre-packaged using the standard 7.5 minute, 1:24,000 base but with some twists:
Page 1 is an overview map showing the topo in context 
Pages 2 through 5 are the standard USGS topo cut in quarters to fit on standard printers 
Hillshading has been added to each page of the PDF to help visualize the topography
It's incredibly easy to use. Once you get to the site, click on the map of the United States and keep zooming in on the area you are interested in. You have to zoom in several times to get to the "red" pointers. Click on the "red pointer" and begin exploring. 

And, yes, the link has been added to my "Data Links" page. 

EOG May Be The Apple Of Unconventional Production -- Part 1 -- Filloon -- May 28, 2017

Part 2 at this post. 

Summary
  • IBD has stated EOG may be the Apple of oil and we test this theory in what may be the its best acreage
  • Delaware Basin core well results have outpaced the rest of the country, and EOG's most recent results point to much better results for competitors in the future
  • We took a sample of 135 horizontal locations in the same general area where EOG has produced huge initial production to provide an idea of average economics
  • Results continue to outpace the rest of the country and point to lower breakeven prices going forward
Is EOG Resources the Apple of oil? IBD seems to think so and with good reason. Oil recovery has become a science with the advancement of shale. This is the reason for the large discrepancy in initial production rates by operator. Conventional vertical production did require proficiency. This proficiency may have been more about geology than technology. US operators continue to pester OPEC with better economics.
Although decreased costs are touted, improved recoveries will drive the industry.

EOG is even using Apple technology, including the iSteer smartphone app. It is using precision targeting as well. EOG has real time data streaming from every asset. It applies proprietary algorithms with in-house software. It also uses over 65 in-house desktop and mobile software applications. EOG also applies data science to optimize completion design to specific geology. These are just a few of the ways that EOG continues to outperform. More importantly, we would expect other operators to match this performance in the future.

The Delaware Basin may be better than Midland. We have continued to be bullish this play as production per foot has consistently outperformed. This has been seen with a lower inventory of wells turned to sales. The bullish narrative gets better when we look at EOG results. Focusing on northern Loving County, Texas and southern Lea County, New Mexico provides a visual to why there is so much activity in the area. From March of 2016, 135 horizontal locations have been completed. 74 of those wells are owned by EOG.
Much, much more at the link. 

Saturday, May 27, 2017

Back To United Van Lines -- May 27, 2017

For background to this story, see this post from February 8, 2017.

That was a few months ago. Now this story from Fox News yesterday: 
Connecticut's population is falling: Its net domestic out-migration was nearly 30,000 from 2015 to 2016. In 2016, it lost slightly more than 8,000 people, leaving its population at 3.6 million.
Indeed, recent national moving company surveys underscore the trend, showing more people leaving Connecticut than moving in. In 2016, the state also saw a population decline for the third consecutive year.

One of the companies, United Van Lines, reported that of all their Connecticut customers, 60 percent were leaving compared to 40 percent who were moving there. Only three other states had higher rates of people moving out – New York, New Jersey and Illinois. One out of five of those leaving said they were retiring.
But solutions are in the works:
Some state legislators suggest legalizing marijuana as a new tax source, as well as new tolls and a new casino. Other legislators and economic analysts say one remedy is to start taxing services, such as dog grooming.

Back To Obesity -- May 27, 2017

Denmark and Bacon. From Michael Booth's The Almost Nearly Perfect People: Behind the Myth of the Scandinavian Utopia, c. 2014, p. 26:
The Danes are the world's leading pork butcher, slaughtering more than 28 million pigs a year. The Danish pork industry accounts for around a fifth of all the world's pork exports, half of domestic agricultural exports, and more than 5 percent of the country's total exports. Yet the weird thing is, you can travel the length and breadth of the country and never see a single sow because they are all kept hidden form view in intensive rearing sheds.
From page 67:
The Danes also appear to be addicted to sugar, consuming more candy per capita than anyone else in the world (15 pounds per year). They are also, perhaps less surprising, the largest consumers of processed pork products in the world ... the Danes eat 143 pounds each of pork per year.
That naturally led me back to this post on CNBC's segment on America's concern with obesity and gluten and linking it to pasta.

With all that sugar consumption and all that pork consumption, where do the Danes stand (or sit) with regard to obesity and national rankings. This would be a good post for NY's governor Andrew Cuomo and NY's former mayor Mike Bloomberg and current mayor Bill deBlasio to read. To recap:

If you look at 192 countries around the world, pasta-eating countries are nowhere near the top:
1. Cook Islands -- in fact the South Pacific islands -- the ones that are sinking due to rising sea levels -- or maybe due to something else -- comprise the top five or six spots
2. the Middle Eastern countries of Kuwait, UAE, Bahrain, and Saudi Arabia pretty much round out the top 20, and all of those have obesity rates higher than the US
3. finally, we get to the US, at #19 on the list, followed by the Caribbean, UK and former colonies, Mexico, Chile, more south Pacific islands, and so forth
4. Finally, after going through most of the "recognizable" names in the rest of the world, Europe, South America, and Asia, we finally get to Italy -- the pasta-eating capital of the world ; coming in at #90
5. second from the bottom, the country where little pasta (or any real food for that matter) is eaten, North Korea, or known more prosaically as the Democrate People's Republic of Korea, #191 in a list of 192 countries.
One would imagine that Denmark -- with all that candy consumption, all that pork consumption -- would rank among the top ten, along with the US, Canada, and the UK. Nope. Denmark is not among the top ten OECD countries.

In the top 20 of all global nations? Nope.

Top 50? Nope.

In the top 100? Nope.

Denmark is #107 (the list is only 192 countries long) and is nestled between Namibia and Switzerland, the home of chocolate. 30%+ of the US population is obese; most of the rest of the OECD countries report 24% of their population as obese.

Denmark 19%.

So, it looks like candy, bacon, and pasta are not the problem when it comes to obesity. Must be something else. Global warming?