Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

Details from June ’15 Director’s Cut

The monthly report from Lynn Helms of the Department of Mineral Resources has lots of info about oil production.

Things I find interesting are highlighted in the following graphs:

  • Fracklog increasing. This is the count of wells that have been completed but not fracked. Thus, no production. Bruce Oksol has characterized this as storing oil in the ground. Idea is to wait until prices recover, then bring the oil out of ‘storage.’
  • Oil prices are recovering. Quite a noticeable change.
  • Rig count continues to drop. Graph suggests a reduction in the rate of drop.

Here are the graphs.

Fracklog, or in-ground storage:

fracklog 6-15

Recovery in average price:

oil price by month 6-15

Drop in rig count:

rig count 6-15

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: