Tuesday, December 11, 2012

Tuesday Morning Links -- Part I -- $4 Trillion Fed Additive -- CLR 3TF A Game Changer -- Wells Coming Off Confidential List Tuesday

Don't miss the discussion today. Lots of fun. Unfortunately some of the messages were deleted, so not exactly sure what it was all about.

CLR TF3 could be another game changer -- SeekingAlpha.com. (Or is it '3TF'?) Wow, I'm losing track of the number of "game changers" in the Williston Basin: a) the Bakken; b) the Tyler; c) the Three Forks; d) the benches; e) crude-by-rail; f) ONEOK gas gathering and processing; g) Hiway; h) Eco-Pads; i) two wells on a section; j) 14 wells on a spacing unit; k) .....

RBN Energy has a great item on "new" refineries and the impact of the Bakken.

Nothing to do with the Bakken: the list of companies accelerating their 2013 dividends in 2012 accelerates. It's almost a parody. Unfortunately this is trivial.
MDW: The tax debate on the 2% is also trivial; that isn't to say it's not important; the estate tax is a bigger concern, especially for North Dakotans. But the huge story no one talks about: DOD sequestration. Reduced Medicare payments. I guess talking heads don't talk about DOD sequestration because it's too hard to explain in a soundbite. If they mention Medicare, their phones will ring off the hook. So the discussion is limited to trivia. Cue up Connie Stevens. By the way, did I hear in passing, that the Fed is going to put another trillion dollars into the system to stimulate the economy. I thought I heard that comment on CNBC just before my granddaughter switched to SpongeBob SquarePants. And thank goodness she did. [Update: it's worse than I thought. I see the Fed will pump $4 trillion into ....] But..... DOD sequestration will a) throw a lot of folks out of work; and, b) throw the US into a full-fledged recession, perhaps one of the worst ever seen.
Coming off the confidential list today (at least that's what my database shows, but they aren't posted yet, so I could be wrong; I'll check back later):
  • 21439, 2,134, KOG, Smokey Cupcake 14-21-16-3H3, Pembroke, t11/12; cum --
  • 21515, 853, Petro-Hunt, Good Shepherd Home 150-101-15B-22-1H, Rawson, t10/12; cum 11K 10/12;
  • 21900, 708, Petro-Hunt, Fort Berthold 147-94-2A-11-2H, McGregory Buttes, t10/12; cum 16K 10/12;
  • 22095, 351, Murex, Michael Wade 1-12H, Sanish, t9/12; cum 18K 10/12;
  • 22636, 540, Murex, Candi Lynn 36-25H, Stanley, t10/12; cum 13K 10/12;
  • 22796, 972, Hess, EN-Rehak 155-93-0718H-3, Alger, t9/12; cum 38K 10/12;
  • 22807, drl, BEXP, Richard 8-5 2H, Banks,
  • 22977, drl, SM Energy, Holm 14-12HA, Siverston,
  • 23000, 557, MRO, Peggy Schettler 14-33H, Werner, t8/12; cum 10K 10/12;
Minimizing pollution associated with the oil and gas industry, from The Bismarck Tribune
In the Bakken Shale oil fields of North Dakota, for example, about 30 percent of the natural gas is flared off because there aren't enough pipelines yet to carry it away. The amount of gas wasted in the state is estimated at up to $100 million a year. And officials in North Dakota said last month that the situation there might not be completely solved until the end of the decade.
Five years into the boom and still "... about 30 percent of natural gas is flared off because there aren't enough pipelines..." Somewhat inaccurate, but I will let that pass for the moment. Maybe more later. But I doubt it. Flaring of natural gas in the Bakken is a McGuffin, or a red herring, or ... whatever.


A Note For the Granddaughters

Wow, for the nature lovers out there, I highly recommend Sue Hubbell's A Book of Bees, c. 1988. Written by a woman who began bee-keeping "from scratch" and at the time of her book was a commercial honey producer with 300 hives. It's an incredibly "fun" book to read and chock full of information. Bee-keeping and honey production have always fascinated me. North Dakota is #1, among US states, in honey production. #2 in oil production. Smile. But I digress: besides being a great book in itself, Sue mentions several other great books on honey bees. [By the way: all that hysteria about the "bee-apocalypse." Not. Quartz.com is reporting. -- July 10, 2013.]

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