Friday, August 5, 2011
Another First: US Debt Downgraded to AA+ -- Not a Bakken Story
I am currently on the road, driving through the heartland of America. The scenery is beautiful. The farms and farmland are awesome. The roads are in great shape. The cars are all late models. The truck traffic is great -- one of my favorite things in life is to drive among heavy truck traffic. Maybe a stand-alone post on that some day, on one of my other blogs.
Great trucking song -- not the Bakken, and not even in the US, but great memories:
Lights on the Hill, Slim Dusty
But I digress. The heartland of America is as close to paradise one get here on earth, I assume.
It's hard to believe the federal government can screw it up so badly, what our founding fathers envisioned. Tim said the US government would not lose its top credit rating, but then again, he had trouble filling out his tax forms.
Note: even the AP can spin this just a bit. It's subtle, but it's there. The AP said "... for the first time since ... 1917." Yes, there were some words in between but if you read it fast, or if you fail to pay attention, it sounds like the credit rating has been degraded before, and that the last time was 1917. Yes, it's subtle but it's there.
An easy-to-read tabloid would have broken that into two sentences: "For the first time in the history of the US, the nation's credit rating has been lowered." The second sentence, stating the date, later on in the article when additional background was being given.
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Great trucking song -- not the Bakken, and not even in the US, but great memories:
But I digress. The heartland of America is as close to paradise one get here on earth, I assume.
It's hard to believe the federal government can screw it up so badly, what our founding fathers envisioned. Tim said the US government would not lose its top credit rating, but then again, he had trouble filling out his tax forms.
Credit rating agency Standard & Poor's on Friday downgraded the nation's rating for the first time since the U.S. won the top ranking in 1917.By the way, I saw a cute sign along the road today: "THE IRS. Remove the space."
Note: even the AP can spin this just a bit. It's subtle, but it's there. The AP said "... for the first time since ... 1917." Yes, there were some words in between but if you read it fast, or if you fail to pay attention, it sounds like the credit rating has been degraded before, and that the last time was 1917. Yes, it's subtle but it's there.
An easy-to-read tabloid would have broken that into two sentences: "For the first time in the history of the US, the nation's credit rating has been lowered." The second sentence, stating the date, later on in the article when additional background was being given.
Comments for this posting have been "disabled."
Nine (9) New Permits -- Bakken, North Dakota, USA
Daily activity report, August 5, 2011:
Operators: BEXP (2), MRO (2), Hess, Petro Harvester, Fidelity, CLR, Cirque
Fields: Manning, Kuroki, Sanish, Patent Gate, Rattlesnake Point, Deep Water Creek Bay, Murphy Creek, and one wildcat.
Cirque, which we haven't heard from in quite some time, has the wildcat in Mercer County. That should be interesting.
Fidelity has the permit in Sanish this time, not Whiting.
The rest of the report was unremarkable, except perhaps for this:
Operators: BEXP (2), MRO (2), Hess, Petro Harvester, Fidelity, CLR, Cirque
Fields: Manning, Kuroki, Sanish, Patent Gate, Rattlesnake Point, Deep Water Creek Bay, Murphy Creek, and one wildcat.
Cirque, which we haven't heard from in quite some time, has the wildcat in Mercer County. That should be interesting.
Fidelity has the permit in Sanish this time, not Whiting.
The rest of the report was unremarkable, except perhaps for this:
- 19248, 234, Whiting, Schneider 11-6TFH, in Billings County
Six (6) New Permits -- Bakken, North Dakota, USA
Daily activity report, August 4, 2011 --
Operators: Enerplus (4), Whiting, Hess.
Fields: Ray, Sanish, and McGregory Buttes.
ERF will have two new 2-well pads on neighboring locations, very close to being an Eco-Pad-like set-up.
Whiting has another permit in the
Companies reported several good wells, including one by Zenergy:
Operators: Enerplus (4), Whiting, Hess.
Fields: Ray, Sanish, and McGregory Buttes.
ERF will have two new 2-well pads on neighboring locations, very close to being an Eco-Pad-like set-up.
Whiting has another permit in the
Companies reported several good wells, including one by Zenergy:
- 20026, 1,355, Zenergy, Nordeng 24-13H, McKenzie.
Ten (10) New Permits -- Bakken, North Dakota, USA
Still catching up with old news.
Daily activity report for August 3, 2011 --
Operators: Hess(2), Oasis(2), OXY USA(2), SM, Dakota-3, Whiting, and Murex
Fields: Big Butte, Murphy Creek, Baker, Bull Butte, Mandaree, Sanish, and McGregor.
OXY USA will put two wells on one pad.
Whiting has another permit in the Sanish.
BEXP reports another good well:
Daily activity report for August 3, 2011 --
Operators: Hess(2), Oasis(2), OXY USA(2), SM, Dakota-3, Whiting, and Murex
Fields: Big Butte, Murphy Creek, Baker, Bull Butte, Mandaree, Sanish, and McGregor.
OXY USA will put two wells on one pad.
Whiting has another permit in the Sanish.
BEXP reports another good well:
- 19829, 2,965, BEXP, O'Neill 17-20 1H
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