Friday, January 10, 2014

Friday Afternoon Roundup; Fifteen (15) New Permits -- The Williston Basin, North Dakota, USA

For the archives and for investors.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you might have read here.

Michael Fitzsimmons, another name I've come to respect over at SeekingAlpha, has an article on Phillips 66 (PSX).

MarketRealist has Part 1 of a series on Kinder Morgan. I've never invested in KMI, probably never will, simply because I'm pretty well invested in pipelines and diversified otherwise. But if I was new to investing, it would be hard to look elsewhere when looking at pipelines in which to invest. The only bad news is that the president has commissioned a study on the nation’s energy infrastructure, including planned and existing pipelines, which is usually the first step in nationalizing an industry. LOL. I guess the only difference is that Mr Chavez did not need to commission a study before making his decision. I'm joking. Don't take the last half of this paragraph seriously. Seriously? I assume this study will take a year. The Canadians know what this means: another year before a decision is announced on the Keystone XL 2.0 North.

"We" will go into the weekend with 192 active rigs.

MRO has a rig-on-site, wildcat, northeast Slope County, about ten miles east of Amidon:
  • 26335, conf, MRO, Powell 31-27TFH, wildcat 
Fifteen(15) new permits --
  • Operators: HRC (5), WPX (3), Whiting (3), EOG (2), Petro-Hunt, American Eagle,
  • Fields: Eagle Nest (Dunn), Van Hook (Mountrail), South Heart (Stark), Colgan (Divide), Charlson (McKenzie), Parshall (Mountrail)
  • Comments: Whiting has a permit for a wildcat in Golden Valley
Wells coming off confidential list were posted earlier; see sidebar at the right.

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