While pulling together the graphs of oil production in North Dakota for 2018, I wondered what the trend of well completions might look like.
So, pulled a graph together. Primary source of my data is a spreadsheet I maintain of the monthly information released by the N.D. Department of Mineral Resources. Well completions is one of many data points accumulated on the spreadsheet.
Oil production in North Dakota hit an all time high of an average of 1,229,572 barrels of oil per day (bopd) back in December 2014. The effort by Saudi Arabia to flood the market in order to drive down prices in order to collapse the US shale industry slowed production in North Dakota but didn’t succeed in killing the shale sector.
Output fell to a low of 942,322 bopd in December 2017. Output then started rising with a typical slowdown in winter of 2017/2018. After the winter lull production again climbed.
In 2018, producers in North Dakota broke the record level of production six times in the last eight months. The record-breaking months:
What a treat it must have been to watch from miles away.
Using special stereo mikes, the recording catches the clicks of many nearby cameras before being overwhelmed by the rocket sounds.
Listen carefully for the multiple sonic booms from the boosters returning to earth. Each booster gives off a boom from the engines, then the landing legs, and then the directional control arms. So 6 booms expected. Sound track wave form shows echos, but one overlapped, so there were 5 booms from each booster.
Astounding, all the way around.
Also Behind the Black provided Update on Falcon Heavy core stage landing failure. Turns out that two of the three engines scheduled to fire, slowing the descent, did not do so. Core booster missed the landing barge by around 300 feet.
BtB says this is why one runs experiments. Find out what doesn’t work, figure out the reason, and fix it.
SpaceX’s test of their three booster, 27 engine rocket was an astounding success. The three side-by-side Falcon 9 boosters worked perfectly together. The two side boosters successfully separated, which I think is the highlight of the test.
Both of the side boosters were recovered. See astounding photo above.
The payload was successfully lifted into the Van Allen radiation belt and continued to operate. Apparently that is a major milestone (my little brain doesn’t understand why that was a tremendous deal to NASA).
Fun articles on technology change that caught my interest over the last few months:
Yes, your color printer may very well be marking every printed page as belonging to you
Not only are land lines disappearing, growing number of people won’t answer the doorbell unless you text first
Dropping oil prices are a worry for central bankers, even as that saves consumers bunches of money
Amazon is developing its own delivery system
IBM has fewer employees in the US than in India
Google drew a multi-billion dollar fine from the EU
6/7/17 – BBC – Why printers add secret tracking dots – A large portion of color laser printers add tiny yellow dots to the page in order to allow tracking of which specific printer was used to print a specific page.
This is handy for criminal or espionage investigations. A particular leaking case is in the news, with the perpetrator having been found using microdots.
Might be handy for tracking down whistle blowers.
The espionage angle isn’t of interest to anyone reading my blog.
If you every want to keep something you print really private, you might want to pay attention.
Several factors led to the end of rigid airships. The disaster took out half of the Zeppelin fleet, the U.S. blocked export of helium so the German company had no choice but to use (and would have continued using) explosive hydrogen, fixed wing aircraft were emerging as an alternative (specifically the then-cutting edge DC-3), Zeppelin travel was more expensive than ocean liners, and the disaster destroyed public confidence in the Zeppelins.
Check out the full article for more details.
According to the article, here are some tidbits on the cost of travel to cross the Atlantic at the time on the luxurious, faster airships and slower cruise ships:
Several recent articles provide more background on Bitcoin and other blockchain tools. For your daily brain stretching:
Blockchain as a possible tool for fast and cheap international payments
China is working to restrict blockchain transactions
Central banks ponder issuing of their own virtual currencies
Tax status of blockchain transactions and the IRS is out fishing for tax evaders
Description of blockchain as being the internet of money, comparable to how the internet moves and stores information
8/28/17 – Journal of Accountancy – Blockchain opens new era for cross-border payments– Moving money from one country to another is time-consuming and costly. There are fees at both ends. It takes several days for the money to arrive. An error in one digit of the routing or account information means the transfer will go astray and take more time and money to locate.
Blockchain offers the opportunity to make international transfers near immediate and at a fraction of the cost.
For an illustration, picture a company paying international vendors. Or an international worker sending part of his paycheck back to his parents in his home country. Or a mission organization moving funds to its many field offices.
Companies and industries that can’t keep up with changes in technology or demographics or the internet are getting hit hard.
A few more hits to the old way of doing things:
collapsing price for taxi medallions
tricks to hide low TV audiences; gaming the ratings
more closures of Sears stores
Toys ‘R’ Us files for bankruptcy protection
The wide use of Uber and Lyft has affected the taxi industry. As one measure of the technological disruption, consider the price of a taxi medallion in New York. One cannot operate a taxi there without a medallion.
There is apparently a thriving business, or at least there used to be a thriving business, in buying a medallion and then renting it out to someone who wanted to drive a taxi.
The market for medallions has collapsed. Consider the following graph by Mark Perry, described in a tweet on 7/6/17.
Lots of fun articles in the last two months describing the wide open frontier of space exploration.
Ghana puts their first sat into orbit. Yes, Ghana. Very cool.
In the GPS world, Japan gets another sat in orbit and an Indian launch fails.
SpaceX may have more launches this year than Russia and one commentator thinks SpaceX will be dominant in the launch market for decades to come
7/8/17 – Behind the Black – Ghana launches its first satellite and 223 Live News, Ghana’s first Space Satellite enters Orbit – A cubsate built by university students in the western Africa country was launched from the ISS. The small satellite will take pictures of the country in low- and high-resolution. It will also be able to broadcast the national anthem and other music during national events.
Ghana is the first sub-Saharan country to get a satellite in space.
The sat went to the ISS on June 10 aboard a SpaceX Falcon 9.
I read but did not keep track of a WSJ article describing e-commerce companies moving into otherwise dead shopping malls and converting them into fulfillment centers. Sounds like a good way to recycle vacated malls.
Some other articles on the deteriorating retail market. Also, an explanation why sales of vinyl records have slowed.
On Thursday the bolivar dropped to 17,000 to 1 U.S. dollar.
The official exchange rate is 2,870:1.
The reporter interviewed an executive in a reinsurance business. That would be a professional level position. His salary is 800,000 bolivars a month. A year ago that was worth $200 and now it is worth $47.