Is this first time I've seen the following posted in the Director's Cut? "The high liquids content makes gathering and processing of Bakken gas economic."
Helm's logic is very sound. This is a states right's issue.
States that require disclosure of chemicals, well bore construction and pressure testing should be exempt from any federal pollution standards. Why, states have their own haz mat labs and are perfectly capable of identifying and managing dangerous chemicals in the environment. The world renowned haz mat lab with tier one scientists and a robust research facility is located in (help me here, I forgot where it is) north Dakota. And besides, what's a few carcinogens among friends?
Did you notice the comment about the horizontal Tyler completion in the newest slide show next to the latest directors cut on the main page. I would be interested if anyone can locate that data from Montana or a related article it could clarify how successful the Tyler may become.
"The high liquids content makes gathering and processing of Bakken gas economic."
Less so than before gas and NGL prices dropped. Yes, it reads like ND regulators didn't know. How much gas was flared that would not have been flared if ND had known?
Did you notice the comment about the horizontal Tyler completion in the newest slide show next to the latest Director's Cut on the main page. I would be interested if anyone can locate that data from Montana or a related article; it could clarify how successful the Tyler may become.
We have a few mineral acres that are located in 3 different drilling units. The 8 wells operated by CRS the value of the oil is the same for all but the gas is a different value for each well. The range is from $8.37 to $5.37 per unit. Typically the TF wells have more valuable gas.
Very, very interesting. Thank you for taking time to share. Another revenue stream for oil and gas companies in the Bakken, and for the mineral owners.
Helm's logic is very sound. This is a states right's issue.
ReplyDeleteStates that require disclosure of chemicals, well bore construction and pressure testing should be exempt from any federal pollution standards. Why, states have their own haz mat labs and are perfectly capable of identifying and managing dangerous chemicals in the environment. The world renowned haz mat lab with tier one scientists and a robust research facility is located in (help me here, I forgot where it is) north Dakota. And besides, what's a few carcinogens among friends?
I agree wholeheartedly: a state's rights issue.
DeleteUnfortunately, the "tea leaves" tell me states are losing on this issue in general. It's too bad.
Did you notice the comment about the horizontal Tyler completion in the newest slide show next to the latest directors cut on the main page. I would be interested if anyone can locate that data from Montana or a related article it could clarify how successful the Tyler may become.
Delete"The high liquids content makes gathering and processing of Bakken gas economic."
DeleteLess so than before gas and NGL prices dropped. Yes, it reads like ND regulators didn't know. How much gas was flared that would not have been flared if ND had known?
Anon 1
A classic chicken and the egg question? Which came first?
DeleteFree market capitalism, I suppose, is part of the answer.
It appears it was ONEOK that saw the risk/reward best.
Did you notice the comment about the horizontal Tyler completion in the newest slide show next to the latest Director's Cut on the main page. I would be interested if anyone can locate that data from Montana or a related article; it could clarify how successful the Tyler may become.
DeleteI missed it, but see it now.
DeleteYes, others will have to provide data on Montana. I generally don't follow Montana.
If folks want to see how successful the Tyler can by, they can go here:
http://milliondollarway.blogspot.com/2009/11/monster-wells.html
and scroll down.
Also, I have a page for Tyler updates:
http://milliondollarway.blogspot.com/2010/10/tyler-formation-anotther-north-dakota.html
We have a few mineral acres that are located in 3 different drilling units. The 8 wells operated by CRS the value of the oil is the same for all but the gas is a different value for each well. The range is from $8.37 to $5.37 per unit. Typically the TF wells have more valuable gas.
DeleteVery, very interesting. Thank you for taking time to share. Another revenue stream for oil and gas companies in the Bakken, and for the mineral owners.
Delete