Three (3) New Permits -- Bakken, North Dakota, USA

Daily activity report:

Drillers:  CLR, Denbury Onshore, and Whiting

Fields: Indian Hill, Elk, and Sanish.

Denbury reports a very nice well today:

• 18525, 2,640, Denbury Onshore, Thompson 31-11SWH, Charlson oil field, McKenzie County

The report was very, very benign today. Whiting's permit is in its cash cow, the Sanish.

The Charlson oil field has been a very good oil field; this well is in a relatively inactive area of this field. 

First-Time Unemployment Claims Rise

Unexpectedly.

New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job markets.

Link here.

And oil back over $101.00.

Fracking: No Ground Water Contamination -- EPA

Link here.

At a U.S. House Oversight Committee hearing yesterday (May 24, 2011?), President Barack Obama’s EPA administrator, Lisa Jackson, admitted the environmental risk of hydraulic fracturing is practically nonexistent.

“I’m not aware of any proven case where the fracking process itself has affected water, although there are investigations ongoing,” she said.

A big "thank you" to Greg for alerting me to this story.