Fourteen (14) New Permits -- North Dakota -- January 15, 2015

Active rigs:

	1/15/2015	01/15/2014	01/15/2013	01/15/2012	01/15/2011
Active Rigs	156	187	185	200	163

Fourteen (14) new permits --

• Operators: Whiting (3), Emerald (3), BR (3), OXY USA (2), Oasis, Crescent Point, MRO
• Fields: Juniper (McKenzie), Boxcar Butte (McKenzie), North Fork (McKenzie), Murphy Creek (Dunn), Willow Creek (Williams0, West Ambrose (Divide), Antelope (McKenzie)
• Comments:

Wells coming off the confidential list earlier today have been posted; see sidebar at the right.

Wells coming off the confidential list Friday:

• 27468, 389, Crescent Point CPEUSC Matilda May 32-29-158-100, Church, a Bakken well, t11/14; cum 8K 11/14;
• 27914, drl, Slawson, Bootleg 6-14-15TFH, Stockyard Creek, no production data,
• 28158, 2,052, MRO, Longoria USA 21-17H, Van Hook, t11/14; cum 16K 11/14;
• 28624, A, CLR, Mildred 4-19H, Brooklyn, no IP, s7/14;
• 28625, drl, CLR, Mildred 5-19H1, Brooklyn, producing,
• 28864, 780, Hess, BW-Norgard-149-100-1102H-4, Ellsworth, t11/14; cum 17K 11/14;

Three (3) producing wells completed:

• 22363, 2,108, QEP, Kirkland 15E-23/14H, Grail, T10/14; cum 45K 11/14;
• 26210, 1,184, HRC, State 157-100-29A-32-3H,  Marmon, t2/14; cum 106K 11/14;
• 27614, 1,049, Oasis, Andre Shepherd 55-1 31-8 7T, Missouri Ridge, t12/14; cum --

Four (4) permits canceled, included one recent permit. Canceled were a Slawson well in Billings (#16077), two HRC wells in Williams County (Pasternak and Berg; #24824, #24825); and, an Oasis, permit in Williams County (#30170, Williams).

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How Can Analysts Get It So Wrong? SLB Earnings

How can analysts get it so wrong?

The Houston, Texas-based company reported a profit of $302 million, or 23 cents per share, down from $1.66 billion, or $1.26 per share, a year ago. Fourth quarter revenue rose 6% from a year ago to $12.64 billion.

Wall Street analysts expected earnings of $1.46 per share and revenue of $12.72 billion.

Based on how shares did, it suggests that analysts did not know how much SLB was writing down some assets. Along that line:

Schlumberger Ltd. said Thursday it has recorded a $296 million charge reflecting a headcount reduction of 9,000. The oil-services provider didn't specify whether the reductions had already taken place. "In response to lower commodity pricing and anticipated lower exploration and production spending in 2015, Schlumberger decided to reduce its overall headcount to better align with anticipated activity levels for 2015," the company said in a release. In December, the company said it would record a $800 million charge as it restructured its WesternGeco marine seismic fleet by reducing its fleet.