Tuesday, October 9, 2018

Apparently The North Dakota Voter ID Requirement Is Valid For The 2018 Elections -- October 9, 2018

I'm not sure what this means but the US Supreme Court did not accede to this urgent request to review the North Dakota voter ID law that requires "residential address on one's official ID."

"They" say the court upheld the North Dakota voter ID law but technically the US Supreme Court simply didn't accede to the urgent request to rule on its constitutionality. Subtle difference? I don't know; probably depends on definition of "subtle."

Anywhere, here's the story:
The Supreme Court on Tuesday refused to toss out an appeals court order that allows North Dakota to enforce its voter ID requirement during the 2018 elections.
The request to toss out the order came from a group of Native American residents who are challenging a new state law that requires voters to present identification that includes a current residential street address.
The challengers argued the new rule disenfranchises a disproportionate share of the population because many Native American voters live on reservations with no street addresses.  
The District Court agreed and temporarily blocked the state secretary from enforcing the new requirements during the primary elections, but the Eighth Circuit Court of Appeals blocked that court order last month.
The challengers asked the Supreme Court in an urgent request submitted to the Justice Neil Gorsuch to toss out the Eighth Circuit stay, arguing it has left thousands of Native American voters unable to cast ballots, but the court denied the request without explanation.  
The Court's newest member, Brett Kavanaugh, did not take part in the decision.
Justice Ruth Bader Ginsburg, however, filed a dissenting opinion, which Justice Elena Kagan joined.
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Cramming For Her Neuropathophysiology Test

Neuropathophysiology, checking the spelling:
  • neuro -: brain, nervous system
  • patho -: abnormal
  • physiology -: functions of the particular system



WTI Moves Slightly Higher On Storm Fears -- But This, Too, Shall Pass -- October 9, 2018

Three intriguing names in one paragraph! Jared, Nikki, and the Prince. Three other names in one paragraph: Sessions, Lindsey Graham, Nikki.

API weekly crude oil inventory data: it appears that the data will be released one day later than usual due to holiday on Monday?


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Back to the Bakken

Active rigs:

$74.96→10/9/201810/09/201710/09/201610/09/201510/09/2014
Active Rigs64573368192

Six new permits:
  • Operators: Oasis, Hess
  • Fields: Tyrone (Williams), Squires (Williams), Truax (Williams)
  • Comments: Oasis has permits for a new 4-well McFarland / Hendricks well in Lot 4 section 1-155-102; Hess has permits for a 2-well SC-Barney pad in SESE 7-154-98;
Three producing wells (DUCs) reported as completed:
  • 33978, n/d, BR, Rink 5-1-5 UTFH, Pershing, t--; cum --
  • 34142, n/d, Whiting, Earl 14-34-6TFH, 4 sections; Epping, t-- ; cum --
  • 33088, n/d, CLR, Sakakawea Federal 2-19H, Elm Tree, t--; cum --
Two permits canceled:
  • MRO: two DCFH permits in McKenzie County
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Moving Gravel

Earlier in the day:

 Later in the day:


Plans For Increased VLCC Crude Oil Terminals Off-Shore Texas -- RBN Energy -- October 9, 2018

RBN Energy: part 5 -- more plans for offshore crude oil export terminals along the Gulf coast.

Part 1:
  • ongoing boom in US crude oil exports; rising steadily since the 40-year ban on most exports lifted in December, 2015
  • crude exports averaged:
    • 590,000 bopd in 2016
    • 1.1 million bopd in 2017
    • 1.8 million bopd in 2018
  • VLCC -- by far the most cost-efficient way to move oil to Asia
    • 1,100 feet long
    • width of nearly 200 feet
    • fully loaded, draft of 72 feet
    • today, only LOOP can handle a fully loaded VLCC
  • Freeport, TX: joint plan by Oiltanking, Enbridge, and Kinder Morgan to develop an off-shore terminal -- 30 miles off-shore
Part 2:
  • JupiterMLP's (sic) proposal for an offshore export terminal only six miles off Brownsville
  • a new long-haul pipeline from Permian to Brownsville
Part 3:
  • Trafigura's plan to build a deepwater export terminal 15 miles off Corpus Chrisi
Part 4:
  • Tallgrass Energy's plan to build a combination export and import terminal 1.5 miles off the coastof Venice, LA
  • Tallgrass' related plan to build new pipelines (Seahorse and Pelican) to connect Cushing to St James (LA)
  • Tallgrass: a planned new terminal on the Mississippi in Plaquemines Parish (LA)
  • Tallgrass: proposed offshore terminal near Venice
Part 5:
  • plans for two new terminals capable of handling fully loaded VLCCs
  • EPD: planned offshore terminal about 80 miles off Texas
  • fast enough to fill a 2-million-bble VLCC in 24 hours
  • South Texas Gateway Terminal; joint venture, Buckeye Partners, Phillips 66 Partners, and Andeavor (now part of MRO)
  • the docks initially will be capable of partially loading VLCCs with full loading of VLCCs at the docks a possibility later on
US crude oil exports at this link.

Nikki Haley Resigns From UN -- October 9, 2018

Big Oil To Bury Skeptical Investors -- Rystad Energy -- October 9, 2018

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

This was the top story over at Rigzone today. t's a Bloomberg story. It's an open-book test.

Headline: Big Oil to bury skeptical investors in piles of cash. Data points:
  • according to Bloomberg, investors still haven't forgiven oil companies for crude-price collapse four years ago
  • oil remains at $80
  • costs languish at an 8-year low
  • 2018: oil companies will rake in as much extra cash as it did in the previous five years combined -- Rystad Energy
  • one could liquidate Facebook and it wouldn't touch what oil companies will generate in free-flowing cash over the next three years
  • international oil companies: could see free cash flow
    • double this year
    • to a record $175 billion
    • rise again in 2019, to $200 billion
    • stay around that level for least two more years after that
  • Bloomberg cited enough concerns in the second half of the story to offset the first half