New Apple Watch Update Will Have "Walkie-Talkie" Feature For Apple Watches -- Incredible -- June 14, 2018

Link here.

Graphic that just about explains it all:

I don't know if any folks remember, but decades (?) ago, Sprint had a "walkie-talkie" feature on their cell phones. I don't think that feature was ever "accepted" by the general public and it gradually faded away. Maybe it still exists; I don't know.

Based on the comments at the linked article, Applephiliacs would appreciate new laptops and/or desktops and less emphasis on mobile gadgets. Most important to me: the MacBook Air. And it's still available.

Random Example Of An Old CLR Well That Had A Nice Jump In Production -- June 24, 2018

There are so many incredible wells in the Bakken. Here's another example:

• 22986, 613, CLR, Alfsvaag 1-31H, Crazy Man Creek, t10/12; cum 401K 4/18;

This is an older well, drilled back in the early days of the boom, back in 2012. When I see a well drilled in the early days but now approaching 500,000 bbls cumulative it deserves another look. Look at the jump in production back in 2015:

BAKKEN	7-2016	31	5320	5659	2650	6449	5593	608
BAKKEN	6-2016	30	5873	5750	2596	7403	6754	409
BAKKEN	5-2016	31	7059	7156	3012	8649	6467	1934
BAKKEN	4-2016	26	7175	6609	3205	9675	8541	942
BAKKEN	3-2016	1	0	69	0	0	0	0
BAKKEN	2-2016	26	5495	5806	2165	6979	6388	391
BAKKEN	1-2016	31	7026	6896	2803	8846	2798	5800
BAKKEN	12-2015	31	7532	7593	3263	9529	5299	3982
BAKKEN	11-2015	30	10111	10194	4725	12981	2524	10217
BAKKEN	10-2015	31	13663	13660	6394	16953	0	16705
BAKKEN	9-2015	15	7275	6914	3913	8367	7	8252
BAKKEN	8-2015	21	7008	7347	4994	8031	0	7878
BAKKEN	7-2015	31	11939	11989	7452	10794	0	10546
BAKKEN	6-2015	30	12442	12385	9384	10277	3	10040
BAKKEN	5-2015	31	12495	12555	10624	10167	2202	7720
BAKKEN	4-2015	2	799	410	1032	26	10	0
BAKKEN	3-2015	27	10909	11398	11722	10551	1594	8754
BAKKEN	2-2015	17	6076	5603	9688	5604	0	5475
BAKKEN	1-2015	2	0	0	0	0	0	0
BAKKEN	12-2014	2	0	0	120	2	0	2
BAKKEN	11-2014	16	0	0	0	16	0	16
BAKKEN	10-2014	27	2700	3144	1227	3280	3154	27
BAKKEN	9-2014	30	5449	5572	2665	7156	6916	29
BAKKEN	8-2014	31	5665	5575	2662	6580	6324	31
BAKKEN	7-2014	31	3773	3670	2065	3723	3692	31
BAKKEN	6-2014	30	5203	5139	2150	5549	5510	39

According to FracFocus this well was not re-fracked. In addition, there are no sundry forms suggesting this well was re-fracked.

I'm not going to go through the graphics or the likely explanation for the jump in production -- it gets tedious and takes a lot of time -- but suffice it to say that there are not less than four horizontal laterals that parallel this well and that were fracked well after this well was drilled.

Another MRO Well In Bailey OIl Field Has Just Come Off Line -- June 14, 2018

This nice well has just come off line. Note that it is an MRO well in Bailey oil field:

• 22341, 1,520, MRO, Lorene Stohler 11-3H, Bailey, t10/12; cum 318K 4/18;

Random Example Of Jump In Production In Two Older Slawson Wells -- June 14, 2018

Disclaimer: I do these rather quickly and I may be misreading something or have some data incorrect, but I believe the information is correct. The wells are a bit difficult to sort out on the NDIC map, but I believe they are correct. I post this disclaimer because generally wells this close together have the same "alpha" names -- these vary quite a bit: Jeriyote, Jericho, Coyote -- although it appears the "Jeriyote" is a combination of Jericho and Coyote.

Anyway, pressing on. Another case study for newbies to help understand the potential of the Bakken.

This post concerns four wells: #21595, #21596, #24919, and #24921. I happened to run across them while randomly updating wells that came off the confidential list in 1Q13 and noted that #21595 was a particularly good well. 

Wells #21595 and #21596 were older wells, short laterals, on the same pad, one horizontal went south, one horizontal went north.

A couple of years later, two long lateral wells were drilled parallel to these older (#21595 and #21596) wells. The new wells, #24919 and #24921, were long laterals drilled from the south, going north, and because they were long laterals, paralleled the entire length of the older, short laterals.

Hopefully that makes sense.

Here are the graphics:

Look at the cumulative production of the older wells; these turned out to be very nice wells:

• 21595, 1,351, Jericho 3-5H, Big Bend, t9/12; cum 318K 4/18;  
• 21596, 703, Coyote 2-32H, big Bend, t1/13; cum 301K 4/18;

Look at their production profiles back in 2014; they both showed a similar jump in production.

21595:

BAKKEN	12-2014	31	5019	5301	1454	4253	3630	468
BAKKEN	11-2014	30	5960	6558	1762	5183	4475	558
BAKKEN	10-2014	31	7752	7620	3706	6537	5897	485
BAKKEN	9-2014	30	8187	8161	3671	6310	6160	0
BAKKEN	8-2014	31	9197	8919	3662	7324	7169	0
BAKKEN	7-2014	31	11249	11162	6085	8739	8584	0
BAKKEN	6-2014	30	12820	12777	9019	11143	10993	0
BAKKEN	5-2014	30	13414	13005	10898	11514	11364	0
BAKKEN	4-2014	7	2882	2982	2008	1848	1813	0
BAKKEN	3-2014	17	1885	2342	415	2208	2123	0
BAKKEN	2-2014	28	3400	3739	773	7754	7614	0
BAKKEN	1-2014	31	3886	3286	912	10147	9992	0
BAKKEN	12-2013	31	4059	4902	1386	11052	10897	0

21596:

BAKKEN	12-2014	31	5819	6079	1454	5130	4309	666
BAKKEN	11-2014	30	6345	6493	1859	5117	4663	304
BAKKEN	10-2014	31	8676	8715	3706	7096	6722	219
BAKKEN	9-2014	29	8400	8779	4152	6557	6412	0
BAKKEN	8-2014	31	9756	9298	5411	7975	7820	0
BAKKEN	7-2014	31	12109	12125	6185	9383	9228	0
BAKKEN	6-2014	30	15783	15745	9019	14281	14131	0
BAKKEN	5-2014	30	16483	15999	11178	14338	14188	0
BAKKEN	4-2014	6	3226	3322	2008	1883	1853	0
BAKKEN	3-2014	13	1756	2516	333	2491	2426	0
BAKKEN	2-2014	28	3964	3843	773	4602	4462	0
BAKKEN	1-2014	31	4751	4397	912	4292	4137	0
BAKKEN	12-2013	31	4133	4877	1261	3410	3255	0

Jumps in production like that should suggest the wells were re-fracked. They may have been but FracFocus does not have any data to suggest they were re-fracked and there are no sundry forms to suggest they were re-fracked (I only checked on well). In addition, they were both originally fracked in late 2012 and it's not likely they would be re-fracked as soon as 2014.

So, when I saw that jump in production, I immediately went to look at the NDIC maps to see if any neighboring wells were fracked in mid-2014. Yup. These two wells were fracked in mid-2014:

• 24919, 660, Slawson, Jeriyote 7-5-32TFH, Big Bend, t7/14; cum 158K 4/18;
• 24921, 88, Slawson, Jeriyote 6-5-32TFH, Big Bend, t6/14; cum 242K 4/18;

There's one more interesting thing to note that those familiar with the Bakken might notice, but I won't talk about that for now.

US Economy On Fire -- Fed Raises Rates -- Desperate Attempt To Slow Economy Before It Gets Out Of Control -- June 14, 2018

I'm beating a dead horse.

But I love it.

Okay, we all agree.

Asia, and specifically China, is on fire. Not literally. The economy is on fire. GDP growing at 5, or 6, or 7 or 8%. I don't know.

If I was allowed to use only one metric to "judge" the economy, it would be consumption of energy. In the US, it would be oil.

So, once again:

Population of China? A gazillion or more. The US? Not so much.

China's petroleum consumption growth year-over-year? 0.5.

The petroleum consumption growth year-over-year in theUS? 0.61.

Everything suggests that the Chinese economy is on fire.

But everything also suggests that the US economy is also on fire.

And now this. Validation.

From The Wall Street Journal: "strong spending data show US economy chugging ahead of Europe and Asia. Second-quarter growth on track to exceed a 4% pace -- the fastest of any quarter in almost four years. The gap between the US and the EU widens. Canada is not even part of the discussion.

Quotes from others when told of this news:

• Chuck Schumer: "Obama put this all in place. Frankly, I'm surprised it's not better."
• Nancy Pelosi: "Crumbs, it's all crumbs. Jobs don't matter. The economy doesn't matter."
• Paul Ryan: "It's a start. We need to see 12% growth before we can really be sure Trump's policies are making a difference."
• Maxine Waters: "All the Trump folks are getting rich. The rest of us are falling farther and farther behind."
• Bernie Sanders: "Americans don't feel rich. They're not participating. It's all a scam."

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C'est la Vie