Saturday, February 2, 2013

Week 5: January 27, 2013 -- February 2, 2013

Pricing
Gasoline at highest price EVER for this time of year.
Gasoline prices headed up; will hit $4/gallon by spring.
2012: best year EVER for average price of oil; will it continue?
WTI-Brent spread widening: Seaway expansion delayed until 4Q13.

Politics
Decision on Keystone XL delayed indefinitely.
SecEnergy Steven Chu announces resignation

Economic development
BHI has invested $120 million in Bakken facilities in past 20 months
Random video of new BHI complex west of Williston
$12 million not enough for Dickinson's needed infrastructure 

Bakken operations
Magnum Hunter's Bakken Hunter seeks 264 wells in single case, February dockets.
Is OXY ready to get out of the Bakken?
2,051 wells on the confidential list.
Another look at CLR's plan to target the lower benches of the Three Forks

Records
Whiting has another record-setting well in Twin Valley; another Tarpon Federal well.
Slawson pays $19,500/Bakken acre in recent BLM auction.

Takeaway
Barges to carry Bakken oil to California, Washington State
Barge, rail moving oil to Washington; Washington State having difficulty coping with activity.
Rail will be primary Bakken mover for several years
A first: a multi-grade crude oil loading terminal to be built near Guernsey, Wyoming; will handle Bakken crude; first multi-grade crude oil rail terminal
Calumet considering a new crude oil loading dock on Lake Superior for Bakken oil

Market
Oasis surges 5% in one day.

Disclaimer: this is not an investment site; do not make any investment decisions based on what you read here.

2 comments:

  1. I know there's not as much oil activity in Montana, but I would like to see what is happening there.

    ReplyDelete
    Replies
    1. I can barely keep up with activity in North Dakota. The folks over at the Bakken Shale Discussion Group might be able to help.

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