CLR in the Bakken, fourteen wells in one 1280-acre spacing unit; SeekingAlpha.com; this link will probably be posted again; it's a great discussion of CLR's plans;
RBN Energy: Pipelines should narrow WTI/Brent spread early next year.
SandRidge: hidden gem or hidden trap for investors. Disclaimer: this is not an investment site.
Oil service companies to "lose" $1 billion collectively; natural gas fracking demand down -- Bloomberg.com;
Wow, this story is all over the net; reported by every television news outlet it seems:
BERLIN (AP) - There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.
But only 18 months into the plan, the cost of the switchover is beginning to sink in. Some politicians, fearful of losing popular support for the transition, are demanding an overhaul of the mechanism to pay for it.
The country's four main grid operators said Monday that households will from January see a nearly 50 percent rise in the tax they pay to finance the switchover - from €3.6 cents to €5.3 cents ($6.7 cents) per kilowatt hour. A typical family of four will pay about €250 ($324) per year under the tariff, including a sales tax.[For newbies, Americans pay about 10 cents/kwh; it costs about 6 cents for nuclear or coal;]WSJ, page C1: US oil boom falls short of pump -- gas prices stay high even as production surges, as Midwest can't dent global market; some refiners profit;
WSJ, page C12: Tesla's cars look better than its stock
The biggest concern with electric cars is that they might never get you to your destination. That is also a risk with Tesla Motors, the vehicle of choice for many investors enamored of the prospects for battery-powered autos.WSJ, page B2, weak drilling curbs oil-field firms
Most oil-field services companies are expected to post lower earnings than a year ago, as price volatility and weather issues have damped drilling activity.Weather issues? One tropical storm/hurricane this past summer?
WSJ, page A16, Obama's great Alaska shutout -- Interior bars drilling on 11.5 million acres of "petroleum reserve" -- permitorium or moratorium -- whatever you call it, DOI makes it DOA.
CLR has already moved beyond the 14 well spacing unit with an 18 well unit in case 18670 approved a few days ago.
ReplyDeleteIt's incredible, isn't it? How fast things are moving.
DeleteFor newbies, the writer is referring to last month's NDIC hearing dockets.
http://www.milliondollarwayblog.com/2012/08/wednesday-september-26-2012-18576-hess.html
18670, CLR, Oakdale-Bakken, 18 wells on each existing 1280-acre unit; Dunn
18671, CLR, Elm Tree-Bakken, 18 wells on each existing 1280-acre unit; McKenzie
18672, CLR, Antelope-Sanish, 18 wells on an existing 1280-acre unit; McKenzie
I have four stand-alone posts in draft stage on all of this. "We" have come a long way from one well/section to four, five, six, or more wells per section. It's quite incredible.
Thank you for taking time to write -- telling us how far CLR has come.
Antelope and Elm Tree are in the heart of the Bakken; northeast McKenzie County; Oakdale is farther south. There are two incredible CLR Eco-Pads in Oakdale oil field.
RE Germany, I like the quote from Felix Matthes of Germany's renowned Institute for Applied Ecology: "Here we should tell people the truth." As though in other cases the truth isn't a good idea. Although to be fair, that might be an inexact translation.
ReplyDeleteYes, that's been one of my points over the years: I don't think folks are being told how much renewable energy will cost them.
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