SeekingAlpha.com on CJES. The link to the CJES recent corporate presentation; no indication that CJES is active in the Bakken.
Liberty Resources.
Schlumberger transcript, 4Q11, Q & A:
Well, if you look at pressure pumping pricing levels, as I said, we continue to see downwards pressure on pricing in gas in Q4. The liquid basins, we saw pricing basically being flat, some contracts being up, and some contacts being down. Now how this is going to evolve, I think, is still uncertain at this stage, right? There is obviously a chance that the continued flux of capacity from the gas basins into the liquid basins is going to have an impact on liquids pricing as well. We haven't really seen any downwards trend yet. But clearly, over the past quarter, the pricing has been flat, so that's basically where we stand on that. In terms of our view on North America land, like we said before, we remain committed to the markets.A horizontal well's production potential:
- Location: maturity, porosity, permeability, trapping, TOC, thickness, 3-D seismography, arrays
- Ability of horizontal bore to remain in target zone:
- Completion: fracking, drilling fluids, stages, method, sand, ceramics
Yesterday, the Spokane newspaper had a series of wonderful articles on the Bakken and how people in the Inland Empire are moving there in droves.
ReplyDeletehttp://www.spokesman.com/stories/2012/apr/29/north-dakota-oil-boom-offers-families-secure/
The economy of eastern and central Washington, north Idaho, and western Montana is just horrible. (Boise and Richland-Pasco-Kennewick are the exceptions in that region.) Nice to see some stories of how the Bakken gave families a second chance at life.
Great comment, thank you.
DeleteI've placed the link at a stand-alone post for more visibility. Some folks in Williston have said the entire population of Idaho has moved to Williston.
Some months ago I met a young man who moved to Williston for a temporary job; he ended up staying. He started his own company and after three or four years has a workforce of 100 and growing.