Friday, February 24, 2012

Week 8: February 19, 2012 -- February 25, 2012

New estimate of original oil in place (OOIP) revised by CLR up to 900 billion bbls; well above 500 billion bbls; dwarfs Saudi's largest oil field with 170 billion bbls; could be top Bakken story of the year

Bakken production could increase by another 547,000 bbls between 2011 and 2016

CHK to stay in the Bakken; move closer to Dickinson; cozy up to WLL

Cracking the code on hyperbolic Bakken decline: DNR reports 60- and 90-day production better than 30-day production numbers

Potential proppant production in the Bakken

TransCanada said to be stockpiling pipe in North Dakota

UK oil imports exceed production -- first time since 1978

More Saudi oil could be diverted from Europe to India

Saudi not keeping up with demand despite pumping at highest level in 30 years -- Goldman Sachs

Saudi cuts production; doesn't tell anyone; estimates from an independent source

Oasis: crude-by-rail nameplate not being reached

India to surpass China as largest coal importer; China "blowing past" US in production

New bypass west of Williston will be paved by July, 2012 -- governor

Filloon's Bakken 4Q11 Update

Oasis trading at unadjusted basis of $11,000/acre; KOG at $20,000/acre

Corvettes being sold in Williston

Eight golden eagle deaths due to one windmill farm in California -- tipping point?

Wind farms in Wyoming on hold; "abandoned" projects not yet, but being talked about