Thursday, September 24, 2020

Sideshow: Is Megham Markle The New Wallis Simpson? -- Tatler -- UK - September 24, 2020

Wow, talk about hard to find the original article. LOL. 

But here it is: link here. A reader suggested that whether or not I read the article, at least take the time to scroll down at  the link to see Wallis in that powder pink blue suit. LOL. Okay.

A reader suggests there is no comparison. See reader's comments at Schwa Nation.

Did You Ever Have To Make Up Your Mind? -- September 24, 2020

First:

Then:

Did You Ever Have To Make Up Your Mind?
John Sebastian, MonaLisa

Amsden Pool

Links here:

The Big Wall field was discovered by The Texas Company in 1948. The main producing reservoir is a stratigraphic unit within which are irregularly bedded sands having a linear distribution. These sands also produce at the Melstone and Northwest Sumatra fields.

Workers agree on most aspects of the Heath formation of the Big Snowy group (Chester) and the Amsden formation, but the relationship of the sand-shale producing zone to these formations has remained conjectural. Initially an Amsden affinity was held, and of late the zone has been placed in the upper Heath formation. Both the lower Amsden and Heath formations are considered Upper Mississippian in age by the U. S. Geological Survey.

One factor has probably caused more confusion than any other in differentiating the producing unit from the Heath. The dark gray to black shale within which the producing sands are found is differentiated from the Heath shales only with difficulty, particularly when examined as cuttings. The sands and shales of the producing zone contain much carbonaceous plant material, the only discernible fossil, as compared with the distinctive marine fauna of conodonts and brachiopods found in the top of the Heath. Compaction slickensides are common in the carbonaceous shale. Cross-bedded sandstones and conglomeratic material indicate a more turbulent environment during deposition than there was in Heath time. Thin pebble conglomerates at the base in many places sharply mark the boundary with the Heath formation. All of the evidence mentioned indicates a hiatus, however brief, which does not favor correlation with the Heath.

Magellan Petroleum announces a new pool:

Magellan Petroleum Corporation through its wholly owned subsidiary, Nautilus Poplar, LLC has completed its EPU 117 well within the East Poplar Unit as a new pool producer in the Amsden formation at a depth of approximately 4800 feet.  The well has just recently been completed and is currently producing approximately 106 barrels of oil per day with no appreciable water on a 10/64th choke with a flowing tubing pressure of 95 psi.  This is the first production from this formation within the Unit.  This well will be closely monitored to determine its ultimate commercial viability.

Mentioned once in this pdf: https://webcache.googleusercontent.com/search?q=cache:rtfu4QUls7kJ:https://www.dmr.nd.gov/ndgs/documents/Publication_List/pdf/RISeries/RI-22.pdf+&cd=11&hl=en&ct=clnk&gl=us.  

*******************************************
Stratigraphic Map


Two Wells Coming Off The Confidential List -- September 24, 2020

OPEC basket, link here: stabilized at $41.40.  About half what Saudi needs.

******************************
Back to the Bakken

Active rigs:

$39.78
9/24/202009/24/201909/24/201809/24/201709/24/2016
Active Rigs1157645733

Two wells coming off the confidential list:

Thursday, September 24, 2020
: 138 for the month; 209 for the quarter, 655 for the year

RBN Energy: California's plan to shift to renewables hits a snag; gas-fired power rebounds; archived; will be a stand-along post later.

There’s no doubt about it: California’s decade-long efforts to expand the use of solar, wind, and other renewable energy and improve energy efficiency have enabled the state to significantly reduce its consumption of natural gas for power generation. But the Golden State’s rapid shift to a greener, lower-carbon electricity sector — and its push to shut down gas-fired power plants — has come at a cost, namely an increased risk of rolling blackouts, especially during extended heat waves in the West when neighboring states have less “surplus” electricity to send California’s way. The main problem is that while solar facilities provide a big share of the state’s midday power needs, there’s sometimes barely enough capacity from gas plants and other conventional generation sources to take up the slack when the sun sinks in the late afternoon and early evening. Today, we discuss recent developments on the power front in the most populous state, and what they mean for natural gas consumption there.

The biggest news out of California these days, of course, is the wildfires that have devastated parts of the state and blanketed much of the region in an eerie orange haze. And there’s COVID-19 — no small matter. As if these weren’t enough, another leading concern of state officials, businesses, and individuals alike is the heightened potential for power interruptions. In the midst of a prolonged heat wave last month, the state’s electric grid operator, faced with sky-high power demand and insufficient power supply, ordered rolling blackouts for the first time since 2001. The impacts may not seem huge from the outside looking in — a few hundred thousand customers without electricity for an hour or two at a time — but tell that to the manager of an affected factory, Home Depot, or supermarket, or to parents wanting to prepare dinner on an electric range in their normally air-conditioned home when it’s 104° outside. More importantly, the rolling blackouts confirmed the fears of many that California’s plan to de-carbonize the power sector, while well-intentioned, may be too aggressive and may fail to adequately ensure grid reliability.

Fast And Furious -- Fifteen Minutes -- September 24, 2020

Trending: top ten posts at the sidebar at the right

International race to the bottom, link here:

  • more problems for Turkey;
  • more problems for Mexico: link to Charles Kennedy; Mexico may delay energy reforms; in deep doo-doo;
  • OPEC in disarray, link to Simon Watkins (he needs his own blog);
  • trading exec conveys ominous forecast for OPEC+: link to Bloomberg via Rigzone; it's one thing to see Simon Watkins say this, but a completely different thing when Bloomberg says it
    • substitute "Saudi Arabia" for "OPEC+" when reading this article
    • Saudi has lowest lifting prices in the world: as if that matters, LOL -- wow, how many times did I hear that over the years
    • Saudi Arabia: and just like that lifting prices didn't matter any more

From oilprice:

  • everything points to higher natural gas demand, short term, long term -- that was my first thought when I heard Governer Newlittle of California said the sale of new ICE-automobiles would be banned in California in 2035, or was it "by" 2035 (big difference);

Covid-19: autumn is in the air and so is a second wave of Covid-19

The great conservative migration: California to Montana, Texas;

US military generals: just another group of self-interested technocrats; link here; agree 1,000%; for me it began with General Colin Powell; came to a head with General James Mattis;

EIA weekly report issued yesterday; will be posted on the blog later today; did I forget to post it yesterday; was I too busy; or am I just getting bored of the whole thing? My barber wanted to know. To be honest (another cliche I hate; why wouldn't I be honest?) I am getting bored with the weekly report. I'm getting bored with a lot of things, lately.

*********************************
Riders On The Storm

Riders on the Storm, Ray Manzarek