I have never been impressed with the Clear Water oil field, first discovered by Fidelity (MDU) about two years ago. Fidelity eventually sold its rights in the Clear Water to Oasis, as far as I can tell.
This is the most recently reported Clear Water well, and reported by a very good company:
18337, 142, EOG, Clearwater 17-01H, Clear Water.
Wednesday, June 30, 2010
Oasis
Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you read here.
GENERAL INFORMATION
NEWS
GENERAL INFORMATION
Website: Oasis Petroleum
NEWS
November 12, 2020: Court approves pre-packaging restructuring plan.
August 26, 2020: looking back on Oasis cutting back in the Bakken to focus on the Permian.
April 29, 2020: Oasis to stop operations in the Bakken. CLR announced that it would stop production in the Bakken about a week ago.
February 21, 2018: update on Oasis Wild Basin NG processing plant near Watford City; largest to date;
May 19, 2017: announces interest in spinning off an MLP.
January 26, 2016: update; note Wild Basin Project;
September 24, 2015: update on Oasis by Zeits.
August 9, 2015: 2Q15 conference call.
July 25, 2015: Oasis in the Grail -- 50 stage completions, 10 million lbs of sand.
July 18, 2015: Oasis changes its completions.
June 23, 2015: update over at Seeking Alpha.
September 18, 2014: Oasis to build new CBR terminal near Powers Lake?
September 6, 2014: August corporate presentation.
June 3, 2014: corporate presentation.
May 6, 2014: Transcript, 1Q14.
May 5, 2014: Bret Jensen on Oasis.
February 16, 2014: Oasis is one of five Bakken operators Filloon is bullish on.
February 16, 2014: Motley Fool is bullish on Oasis.
January 26, 2014: Oasis flaring in the Bakken compared to KOG flaring, November, 2013, data.
December 6, 2013: Oasis is on sale.
October 17, 2013: for investors, Oasis has been on a tear over the past couple of weeks. Stories today:
- from Zacks -- can the Oasis rally continue? Yes, but cautious comments.
- from Investor's Business Daily -- yes:
Sanchez's stock strength is mirrored by Oasis Petroleum, also a domestic oil and gas firm. Analysts expect Oasis, which focuses on the Williston Basin in Montana and North Dakota, to report 92% profit growth. Shares have surged 74% this year.
Oasis recently acquired 161,000 additional acres in the basin, bringing its total acreage to 492,000 acres. That makes it the No. 7 biggest acreage holder in the Bakken Shale. It's also the target of takeover rumors.September 25, 2013: Oasis raises $1 billion dollars; 6.875% notes due 2022.
On September 24, 2013, Oasis Petroleum Inc. completed its offering of $1.0 billion in aggregate principal amount of its 6.875% senior unsecured notes due 2022 , which are fully and unconditionally guaranteed on a senior unsecured basis by certain of the Company's subsidiaries: Oasis Petroleum LLC, Oasis Petroleum North America LLC, Oasis Petroleum Marketing LLC, Oasis Well Services LLC and Oasis Midstream Services LLC.September 24, 2013: Oasis surges.
September 19, 2013: Oasis leads the energy sector on fundamentals -- IBD.
September 16, 2013: the deal to acquire 161,000 net acres at a cost of $1.515 billion.
February 26, 2013: Z-Man's year-end and 4Q12 review of Oasis.
February 1, 2013: Oasis posts 2012 update and 2013 outlook. The data has been updated in Snapshot.
October 15, 2012: random look at the status of Oasis wells in the Williston Basin;
October 1, 2012: random back-of-the envelope calculations concerning valuation of Oasis following the XOM-DNR deal.
April 15, 2012: Operations update.
February 23, 2012: corporate presentation, PDF; note slide 15 -- Banner oil pipeline system (Harold Hamm/CLR) and slide 16 -- Hiland gas pipeline system (Harold Hamm (CLR)
February 3, 2012: end-of-year production numbers; misses.
October 27, 2011: Oasis growing very, very fast; up to nine rigs from seven; raising another $300 million; too many wells waiting to be fracked
August 9, 2011: Oasis sets up new company, Oasis Wells Services, Inc (OWS) for pressure pumping fluids used in fracking completions. Huge.
July 26, 2011: archived investing articles up to this date.
June 15, 2011: new presentation; 9-rig program by end of 2011
February 11, 2011: 22 years to drill out the Bakken with a 7-rig program; will add the 7th rig 1Q11
January 24, 2011: Operations update; raising $300 million in capital (issuing senior notes); tripled its reserves in 2010.
July 12, 2010: For those interested, an Oasis spreadsheet located here.
- 18437, 2,887, Oasis, Angell 5200 31-28H, Camp; 108,000 bbls in less than a year
Williston's Oasis "Headquarters"
August 15, 2010
Analysts Miss on June Jobs (Again)
Analysts estimated there would be an increase of 60,000 private sector jobs in June, 2010. The report has just been released .... drum roll ..... 13,000.
Census jobs end this month.
Stimulus money running out which will result in more jobs lost (mostly at state and local government level).
Federal government won't be seeing any huge increase in numbers.
It's gonna be a long, hot summer. The good news is that Congress will attach jobs bills to increased funding bills for Afghanistan.
Thank goodness we have a government that can respond.
Census jobs end this month.
Stimulus money running out which will result in more jobs lost (mostly at state and local government level).
Federal government won't be seeing any huge increase in numbers.
It's gonna be a long, hot summer. The good news is that Congress will attach jobs bills to increased funding bills for Afghanistan.
Thank goodness we have a government that can respond.
MDU Completes Wind Farms in North Dakota, Montana -- Heart of the Bakken
MDU has completed two wind farms in North Dakota and Montana.
Rules of thumb
Update -- July 22, 2010: after posting the above in which I asked how many turbines were supporting the Diamond Willow wind farm, I got the explanation, which is posted in the comment section below.
- The Rhame wind farm, Bowman County, southwestern North Dakota, 19.5 megawatts, 13 turbines
- The Diamond Willow wind farm, Baker, MT, 10.5 megawatts, see comments section below
- Can supply electricity needs for 10,000 homes
Rules of thumb
- 500 megawatts on-land wind farms: $500 million
- 500 megawatts off-shore wind farms: $1 billion
- 1 turbine on the northern plains: 1 megawatt
- 30 megawatts = 10,000 homes
UPDATES
Update -- July 22, 2010: after posting the above in which I asked how many turbines were supporting the Diamond Willow wind farm, I got the explanation, which is posted in the comment section below.
The Stimulus Money Is Almost Gone
The stimulus money is almost gone. I hope you all got yours. I can't remember. I may have gotten a $250 check.
Some of the money was for shovel ready jobs (which weren't) but most of the money simply extended the time states were able to maintain payrolls well beyond their means.
This is as good a summary as I can find anywhere:
The sales tax -- the most regressive tax there is -- here in Los Angeles is 9.75%. In addition, Californians pay property taxes and state income taxes.
(Note: I am traveling. Right now I am in southern California, and thus some of the emphasis on California. Last month I was in Boston and I did a bit of reporting on the Wind Cape wind farm of Teddy Kennedy's (RIP) estate.)
Some of the money was for shovel ready jobs (which weren't) but most of the money simply extended the time states were able to maintain payrolls well beyond their means.
This is as good a summary as I can find anywhere:
California's $85-billion share of stimulus funding has repaired bridges and highways, built new barracks on military bases and renovated crumbling infrastructure. Disabled veteran Bill Vaughn says his biggest job this year was a stimulus project repairing a pipe at the VA Greater Los Angeles Healthcare System. Since that job ended in January, he hasn't found additional work for his firm, BCV Construction.It would be interesting to know how many of those 2,000 folks have been hired at a time when firms are anxious about rising healthcare costs for new employees and California is boycotting trade with a neighboring state over in-state policy disputes.
"My company's on the verge of closing," said Vaughn, who lives with his in-laws in Northridge.
In addition to infrastructure improvement, about $18 billion of California's share of stimulus funds has been spent on social programs such as Medicaid, unemployment insurance and food stamps. Billions more flowed to schools and job centers. But with those funds now gone, officials are preparing for another round of belt-tightening.
"It was unbelievable feast one year and famine the very next," said Blake Konczal, director of the Fresno Regional Workforce Investment Board, which used stimulus funds to help more than 2,000 unemployed people attend job retraining. The office's budget doubled thanks to $16.4 million in stimulus funds but will contract again in the new fiscal year, which begins July 1.
The sales tax -- the most regressive tax there is -- here in Los Angeles is 9.75%. In addition, Californians pay property taxes and state income taxes.
(Note: I am traveling. Right now I am in southern California, and thus some of the emphasis on California. Last month I was in Boston and I did a bit of reporting on the Wind Cape wind farm of Teddy Kennedy's (RIP) estate.)
MIT: Natural Gas To Become More Important
MIT study: natural gas to become more important.
I've been saying the same thing for quite some time. It required no study.
I've been saying the same thing for quite some time. It required no study.
KOG Releases Update on Operations
If the link is broken go to KOG's website.
The update:
The update:
- Both KOG rigs are now in North Dakota; one in Dunn County; one in McKenzie County
- Moccasin Creek 13-34-3H, 1,370, 24-hour flowback, short lateral, 11 stages
- Moccasin Creek 13-34-28-1H, to be completed in mid-July, long lateral
- Moccasin Creek 13-34-28-2H, offset from 28-1H; TBC in mid-August, long lateral
- Two Shields Butte 14-21-4H, the first of four wells of this TSB pad, short lateral
- Two Shields Butte 14-21-16-2H, the second of four wells on this TSB pad, long lateral
Venezuela Takes a Page Book From the US
Ahhhh.....the internet. Thank goodness for the internet.
I posted this information yesterday and now I see that it is at the top of the Drudge Report.
Venezuela takes a page book from the US.
I posted this information yesterday and now I see that it is at the top of the Drudge Report.
Venezuela takes a page book from the US.