Check out the most recent NDIC presentation: oil, natural gas, pipelines, uranium and potash.
The last slide in the presentation scares me. A lot.
In case the link is broken, or the NDIC presentation is removed: the last slide states that EPA regulation of fracking would halt new oil drilling in North Dakota for 12 - 18 months.
Monday, September 6, 2010
Bakken Market Basket
Finally, it looks like I have the stock quotes for the Bakken, see sidebar on the right, scroll down a bit.
One nice feature: clicking on the stock symbol in that widget opens another window, taking you directly where you want to go. Once you are done, close the window, and this site is still open.
Not perfect, but a start.
One nice feature: clicking on the stock symbol in that widget opens another window, taking you directly where you want to go. Once you are done, close the window, and this site is still open.
Not perfect, but a start.
Oil Pipeline Bottleneck
I truly thought we were through the worse of it, the "it" being the "oil pipeline bottleneck."
North Dakota oil is sold at a discount, resulting in lower royalty payments to individuals and tax receipts to the state government, because of the higher cost associated with shipping oil by truck or rail compared to shipping it by pipelines.
I'm starting to get the feeling the analysts (both private and public sector) are underestimating how much oil the producers are able to produce and the ability of the pipelines to keep up.
Enbridge has confirmed that it will double its capacity in the Bakken so perhaps this is just another hiccup going forward but even the NDIC commissioner admits to seeing a "red flag, a concern."
Pipeline capacity has lagged throughout this boom, despite ongoing efforts to catch up. Every time the analysts say pipeline capacity will soon catch up, there is more data suggesting the delta is widening.
On a positive note, look at the anticipated production from North Dakota two years from now: 450,000 bopd, compared to about 300,000 now.
Pipeline, The Chantays, their only UK chart single. It hit #16 in 1963.
North Dakota oil is sold at a discount, resulting in lower royalty payments to individuals and tax receipts to the state government, because of the higher cost associated with shipping oil by truck or rail compared to shipping it by pipelines.
I'm starting to get the feeling the analysts (both private and public sector) are underestimating how much oil the producers are able to produce and the ability of the pipelines to keep up.
Enbridge has confirmed that it will double its capacity in the Bakken so perhaps this is just another hiccup going forward but even the NDIC commissioner admits to seeing a "red flag, a concern."
Pipeline capacity has lagged throughout this boom, despite ongoing efforts to catch up. Every time the analysts say pipeline capacity will soon catch up, there is more data suggesting the delta is widening.
On a positive note, look at the anticipated production from North Dakota two years from now: 450,000 bopd, compared to about 300,000 now.
Pipeline, The Chantays, their only UK chart single. It hit #16 in 1963.
Supercalifragilisticexpialidocious or More Simply: Super-Frack
Three times in the past 72 hours I have come across the term "super-frack" or references to the same.
The first time I heard the phrase, "super-frack," was in the 2010 Enercom NOG presentation. The CEO mentioned a 42-stage frack, recently completed.
That reminded me of my recent posting of a 40-stage frack just now being reported.
And, then, of course, that took me back to the very first time that knowledgeable sources talked about super-fracks. Or at least the first time I posted a reference to super-fracks.
Just a reminder: Helmerich and Payne is moving two high performance rigs into the Bakken.
Just saying.
I personally can't stand this clip (any more) but I could not resist:
Disney
Update, September 9, 2010: BEXP announces two wells that will be 38-stage fracks -- the Wright 44-33 1-H (currently fracking); and, Clifford Bakke, to be fracked in October. These wells directly offset BEXP's two 5,000 barrels of oil equivalent per day IP wells.
The first time I heard the phrase, "super-frack," was in the 2010 Enercom NOG presentation. The CEO mentioned a 42-stage frack, recently completed.
That reminded me of my recent posting of a 40-stage frack just now being reported.
And, then, of course, that took me back to the very first time that knowledgeable sources talked about super-fracks. Or at least the first time I posted a reference to super-fracks.
Just a reminder: Helmerich and Payne is moving two high performance rigs into the Bakken.
Just saying.
I personally can't stand this clip (any more) but I could not resist:
Disney
Update, September 9, 2010: BEXP announces two wells that will be 38-stage fracks -- the Wright 44-33 1-H (currently fracking); and, Clifford Bakke, to be fracked in October. These wells directly offset BEXP's two 5,000 barrels of oil equivalent per day IP wells.
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