Updates
July 24, 2012: see comments below; a reader sent a link to this story about CarboCeramics plant in Georgia, covering 800 acres. The reader may be correct, suggesting the site near Gladstone may not be big enough if it gets into production, rather than just distribution. A May3, 2012, update at MarketWatch, click here.
Original Post
A Houston-based company that plans to produce tiny ceramic beads from North Dakota clay now has zoning approval for a site near Gladstone.The mayor wants to see the site plan.
Carbo Ceramics received approval at the city's meeting July 9 for an 85-acre site just north of Gladstone on the east side of the Enchanted Highway.
Ceramic beads are used during hydraulic fracturing in oil production to prop open the fracture fissures so oil can flow from the dense Bakken formations. Sand is also used for the same purpose.
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A reader said he called NIDC. Their website could be down until tomorrow. Bummer. Something about a summer intern pushing a "red" button just before asking why that button had tape across it and the word "uff-da" taped on it.
Probably the same intern that typed in the 4,991-bbl IP for a CLR well a few days ago. Smile.
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For investors only: KOG is a buy. Interestingly enough, the writer has no position in KOG himself and does not plan to buy any. At SeekingAlpha.com.
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For investors only: Apple is building up a huge overseas cash horde -- currently its overseas cash stash -- currently $74 billion -- exceeds the market value of Citigroup Inc -- which I believe has something to do with banking. 