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Friday, May 13, 2011

Three (3) New Permits -- BR Reports A Great Well (Stafford): 2,300 BOPD -- Fasching Finally Completed -- Bakken, North Dakota, USA

Drillers: Whiting (2) and Enerplus

Fields: Sanish and McGregory Buttes

Whitings two permits are in their cash cow,  the Sanish (not on the same pad) and ERF is in McGregory Buttes.

Burlington Resources reports a great well:
  • 19178, 2,300, BR, Stafford 13-34H, McKenzie County, Bakken
In addition, coming off the confidential list:
  • 19410, 1,249, Ursa Resources, Borseth 15-22 1H (possibly previously reported), McKenzie County, Bakken
Otherwise unremarkable, except the Fasching 1-22H is finally completed and reported:
This is in line with other wells in this area.

It's Official: The US-Libyan War is Open-Ended

Update

June 17, 2011: After all "we've" done, I guess it comes down to this: we didn't give the rebels enough money. Sheesh! Whatever they say, the administration hopes the rebels don't call it "war."
Rebels waging a drawn-out war to oust Libyan leader Muammar Gaddafi have run out of money, their oil chief said on Saturday, and he accused the West of failing to keep its promises of urgent financial aid.
Original Post

Link here.

The comments are more interesting than the story. Most of us already knew the story.

Global Warming Notes From All Over -- Not a Bakken Story

First, more global warming in Yellowstone coats the park with another blanket of snow.

In Boston Globe today: Evergreen Solar Inc. may close; running out of cash.
Evergreen Solar Inc., which has closed its factory in Devens, Massachusetts, warned yesterday that it is low on funds and in danger of going out of business.

The company has struggled for several years, trying to compete with manufacturers in China. It has also been hampered by the larger issues of falling demand — and falling prices — in the industry.
Yesterday, Evergreen said there was a “continued rapid deterioration’’ in both demand for solar products and in selling prices.
I have driven by the Devens plant while visiting/living in Boston the past two years. I was never aware that the company was in trouble, but that was my inattention. The press has been reporting problems for the company for years.

From October, 2009:
Even before he won office, Governor Deval Patrick was counting on Evergreen Solar Inc. to energize the state’s economy.

Patrick visited the Marlborough company on the campaign trail, urging it to build a solar panel factory here, instead of in competing states such as New York and Oregon. Once in office, Patrick sealed the deal by offering Evergreen more than $76 million in grants, land, loans, tax incentives, and other aid. It was one of the largest investments the state has ever made in the success of a private company.

Patrick now casts Evergreen as “a symbol of the future,’’ a leader in the state’s burgeoning clean energy industry with the potential to create thousands of jobs. The company, with nearly 700 employees in the state, has more than doubled its local payroll since 2007.
But now state officials are quietly fretting about Evergreen’s future.

Battered by the ailing economy, stiff global competition, and plunging prices for solar panels, Evergreen says it may be forced to downsize its new manufacturing plant, at the old Fort Devens Army base northwest of Boston. The company says it expects to burn through most of its $83 million in cash by year-end, and last month it persuaded the state to lend it another $5 million. Its stock, which peaked at nearly $19 per share in late 2007, closed at $1.83 yesterday.
“There are a lot of investors who believe they are not viable in their current form,’’ said Christopher Blansett, a JPMorgan Chase & Co. analyst who thinks the company will survive because of its technological edge but may have to cut jobs in Massachusetts to do so. “The stock is trading like it’s going to go into bankruptcy.’’
And more recently, January 12, 2011, earlier this year:
Battered by the ailing economy, stiff global competition, and plunging prices for solar panels, Evergreen says it may be forced to downsize its new manufacturing plant, at the old Fort Devens Army base northwest of Boston. The company says it expects to burn through most of its $83 million in cash by year-end, and last month it persuaded the state to lend it another $5 million. Its stock, which peaked at nearly $19 per share in late 2007, closed at $1.83 yesterday.
“There are a lot of investors who believe they are not viable in their current form,’’ said Christopher Blansett, a JPMorgan Chase & Co. analyst who thinks the company will survive because of its technological edge but may have to cut jobs in Massachusetts to do so. “The stock is trading like it’s going to go into bankruptcy.’’
Maybe we could increase taxes on big oil and transfer some of the proceeds to Evergreen. 

Google Blogger Has Been Down Since Sometime Wednesday; Some Postings Removed by Blogger

This was absolutely incredible! Google Blogger which hosts this site as well as thousands of others, including some very, very good sites, developed a serious glitch. Apparently it had something to do with widgets that bloggers can add to their sites.

Be that as it may, Google Blogger went down intermittently earlier this week, and then completely down sometime on Thursday. Earlier this morning there was a note that Google Blogger removed all postings from all Blogger sites that were posted at 7:37 a.m. PST, Wednesday morning. I lost several posts, and may or may not bother putting them back up.

I have started a "back-up" or alternate site that I will use if Google Blogger goes down again, over on Wordpress. Something tells me I will never have to use Wordpress now that I have this alternate site: http://bakkenoil.wordpress.com. Obviously it will be linked on the sidebar at the right, near the top. Even when Blogger was down, blogs were "read-only" and links worked.

These are the links to the posts over at Wordpress that I posted after Google Blogger went down: