Hess was granted three permits today (18850, 18951, 18952) for three wells on one pad. They will be the EN-Heinle-156-94-2536H-1, the EN-Heinle-156-94-2536H-2, and the EN-Heinle-156-94-2536H-3.
They are all on the same pad even though the legal description of the first two puts them in the NENE subquadrant whereas the third well will be in the NWNE quadrant. If this is not a typographical error on the daily activity report, it simply means that the pad straddles these two subquadrants.
Big Butte is right next to the very interesting Alger oil field and these particular wells are in the far south of the field where production has been better in the surrounding area.
Friday, April 23, 2010
Is the Bakken over-hyped? The proof is in the pudding.
Some folks opine that "the Bakken" is over-hyped. Maybe it is. But today there are links to three national or out-of-state newspapers talking about the Bakken in North Dakota. The newspapers: the New York Times, USA Today, and the Sacramento Bee.
USA Today has front-page article on influx of workers and effect on national census.
Another CLR presentation; nothing new here. It is their presentation at Platts Annual Oil Conference. If the link breaks, go to CLR home page and then to investor relations and then to presentations.
Full-page story in the New York Times, byline, Williston, North Dakota. I never expected to see my home town as a by-line for a NY Times article.
Business news in the Sacramento Bee (Sacramento, CA): capacity to ship oil finally catches up with production in the Bakken.
For more on whether the Bakken is over-hyped or not, click here.
USA Today has front-page article on influx of workers and effect on national census.
Another CLR presentation; nothing new here. It is their presentation at Platts Annual Oil Conference. If the link breaks, go to CLR home page and then to investor relations and then to presentations.
Full-page story in the New York Times, byline, Williston, North Dakota. I never expected to see my home town as a by-line for a NY Times article.
Business news in the Sacramento Bee (Sacramento, CA): capacity to ship oil finally catches up with production in the Bakken.
For more on whether the Bakken is over-hyped or not, click here.
Two New Stories Out of the Bakken
Oneok Parners, LP, Tulsa, will invest about $200 million through 2011 on projects to expand gathering and processing in the Bakken. Most of this will go toward the construction of a 100 million cubic feet per day (100-MMcfd) natural gas processing plant in eastern McKenzie County. Can you say "more jobs"?
Questar is considering a tax-free spin-off of its exploration and production (E & P) businesses. One company would focus on oil and gas exploration and production; the other company would be primariliy a pipeline company. It was not long ago that I added Questar to the sidebar on the right, under investment opportunities.
Questar is considering a tax-free spin-off of its exploration and production (E & P) businesses. One company would focus on oil and gas exploration and production; the other company would be primariliy a pipeline company. It was not long ago that I added Questar to the sidebar on the right, under investment opportunities.
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