Wells Coming Off Confidential List ; Slawson, BEXP, and XTO Report Nice Wells; Twelve (12) New Permits; Tuesday Links (Starting Monday Night)

*********************

Independent Stock Analysis: if you have time to read just one article today, read this one. 

*********************

RBN Energy: Eagle Ford, Part IV, Transportation Costs

Eagle Ford crude production is increasing rapidly and the rush to deliver it to market has created an infrastructure boom. US Gulf imports are already declining as Eagle Ford and Bakken crude start to reach the Gulf Coast in significant quantities. Today we survey the transport costs that Eagle Ford producers pay to get their crude to market.

*********************

Twelve (12) new permits, Monday, August 13, 2012 --

• Operators: Petro-Hunt (3), Hess (3), Samson Resources (2), Whiting (2), American Eagle, North Plains Energy 
• Fields: New Hradec (Stark), Colgan (Divide), Four Bears (McKenzie), West Ambrose (Divide), Green River (Stark), Saxon (Dunn), Robinson Lake (Mountrail)

Coming off the confidential list, Tuesday:

• 20906, 1,965, XTO, Arley 21X-18B, Grinnell oil field, t4/12; cum 29K 6/12;
• 21870, 420, Petro-Hunt, Agribank 157-101-34C-27-1H, Otter, t4/12; cum 11K 6/12;
• 22134, 627, CLR, Feller 1-22H, Lone Tree Lake, t6/12; cum 14K/ 6/12;
• 22188, 470, CLR, Points 1-6H, Stoneview, t5/12; cum 3K 6/12; 

Producing wells that were completed:

• 21397, 1,004, Slawson, Wolverine Federal 1-31-30H, Elm Tree; middle Bakken; no frack data posted as of August 14, 2012
• 19538, 1,152, Hess, AN-Gudbrandson-153-94-2215H-1, Elm Tree; gas throughout the lateral averaged 2,767 units while drilling and spike to as much as 9,995units at connections; a Three Forks well;
• 20166, 377, Hess, EN-Johnson-155-94-2017H-3, Mountrail,
• 21819, 725, Hess, BL-A Iverson-155-96-1213H-3, Williams
• 19304, 174, Sinclair, Crosby Creek 1-5H, Dunn
• 22061, 1,837, BEXP, Anderson 28-33 2TFH, Mountrail
• 22032, 80, Hess, AV-Flugge-162-94-1918H-1, Burke,
• 22055, 697, Hess, GO-Tong Trust A-157-96-2932H-1, Williams, 

********************

Opened? We'll see. 

Secretary of the Interior Ken Salazar on Monday outlined a proposed plan to open additional acreage in the National Petroleum Reserve in Alaska (NPR-A) for oil and gas development.

The proposed plan would make approximately 11.8 million acres available for leasing. Salazar said the move would make the vast majority of projected oil resources in the NPR-A available for leasing.

In March, Interior released the draft Integrated Activity Plan and Environmental Impact Statement (IAP/EIS), which included four future management alternatives for the NPR-A.

If the link doesn't break, you will love the photo with Ken in a 10-gallon hat; great photo op as we go into the election cycle. I assume we will see him in Carhartt work clothes on a work-over rig in the Bakken.

By the way, for the women working in the Bakken, visit Sorel boots; also at Home of Economy, Williston, ND. And while I'm at it, Home of Economy has Carhartt.

*********************

I was taken to task earlier this year when I posted a link to a story in which one analyst suggested we will see $5 gasoline this year. Well, we have $5 gasoline in Los Angeles, and it has yet to rise much following the refinery fire --> 19 cents according to Bloomberg.

Then this: it looks like oil may trend higher -- Bloomberg. 

Oil snapped two days of losses in New York on speculation that inventories declined for a third week in the U.S., the world’s biggest crude consumer. 

And, just in time for the election, gasoline prices surge above year-earlier levels -- Bloomberg.