Producer: Tracker.
Field: Both Tracker wells on one pad in Banks oil field.
Same daily activity report broke out results of a CLR Eco-Pad: four producing wells averaging about 750 bbls IP (3,000 bbls/day from one pad; two 1,280-acre spacing units).
Thursday, December 23, 2010
SM Outlook for 2011
Link here.
- 2011 CAPEX: $840 million for drilling; 60% ($500 million) in Eagle Ford; 20% ($170 million) in the Bakken and Three Forks
- In Eagle Ford, SM's partner is Anadarko Petroleum; 10 rigs in 2011 versus current 7 rigs
- Still has a significant natural gas exposure
Three Bakken Plays -- Flashback
This story was published a month ago but in light of $91 oil, I thought folks might want to take a second look.
I accumulate shares in one of the companies mentioned but none in the others.
Update: actually two companies. I've accumulated shares in one of the companies mentioned for more than 30 years; forgot all about it. Started accumulating well before I even heard of the Bakken.
I accumulate shares in one of the companies mentioned but none in the others.
Update: actually two companies. I've accumulated shares in one of the companies mentioned for more than 30 years; forgot all about it. Started accumulating well before I even heard of the Bakken.
China Will Baiilout the EU -- Not a Bakken Story
This story speaks volumes.
Meanwhile the US will litigate everything and continue to promote the scam that resulted in a "lost decade" for Americans.
There is some good news. The US leads the world in twitters and social networking. That reminds me, I have to check my Facebook site.
Meanwhile the US will litigate everything and continue to promote the scam that resulted in a "lost decade" for Americans.
There is some good news. The US leads the world in twitters and social networking. That reminds me, I have to check my Facebook site.
$91 Oil
Solidly above $91 today.
After a huge run-up this year, it's up almost another dollar today.
Update: it's now up $1.08.
While traveling, I don't have access to CNBC. I assume the talking heads say fundamentals don't support $90 oil and that it's speculators running up the price.
Yup, one billion speculators in China who all want to own cars and guys like Icahn who have just doubled their position in oil and gas.
After a huge run-up this year, it's up almost another dollar today.
Update: it's now up $1.08.
While traveling, I don't have access to CNBC. I assume the talking heads say fundamentals don't support $90 oil and that it's speculators running up the price.
Yup, one billion speculators in China who all want to own cars and guys like Icahn who have just doubled their position in oil and gas.
Bakken Breakout 2011
Special section from Bismarck Tribune.
I said a year ago that 2010 would be a watershed year for the Bakken. It was.
Now 2011 to be a breakout year.
The special edition is incredible. It is simply spectacular on the iPad. Wow, can lay here in my bed and just savor the 48 pages. I love the ads, especiaaly the full-page BNSF ad for shipping oil by rail. Buying BNSF will turn out to be Warren Buffett's best buy ever.
The link is also at the sidebar at the right near the top, in case you forget to bookmark it.
I said a year ago that 2010 would be a watershed year for the Bakken. It was.
Now 2011 to be a breakout year.
The special edition is incredible. It is simply spectacular on the iPad. Wow, can lay here in my bed and just savor the 48 pages. I love the ads, especiaaly the full-page BNSF ad for shipping oil by rail. Buying BNSF will turn out to be Warren Buffett's best buy ever.
The link is also at the sidebar at the right near the top, in case you forget to bookmark it.
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