Friday, August 31, 2012

Friday Morning Energy Links; Huge Error at "The Street";

Disclaimer: this is not an investment site. Links are provided to stories to inform, educate, and entertain, not necessarily in that order.

RBN Energy: Isaac hit oil harder than natural gas.

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This is a great link (despite the huge error), by-line, Williston, ND: oil industry's biggest winners? pipeline builders?
A daylong tour of North Dakota's Bakken oil shale region, the nation's fastest-growing oil field, makes it obvious that the greatest need here is for infrastructure of all kinds, but especially for pipelines to transport crude oil to refineries.

North Dakota, now the nation's fourth-largest onshore oil producer, is on pace to double its oil production by 2015 to more than 1 million barrels a day, which will soon vault it up those rankings and close to the leader, Texas.

Currently, about a quarter of North Dakota's daily oil production is shipped by rail, according to the state-run North Dakota Pipeline Authority. Truck hauling follows in terms of volume shipped, but that means oil is hauled great distances out of the region to rail service, where it is sent to Gulf Coast refineries.
Fourth-largest? When was this article written? And folks take investment advice from these folks?

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CLR ahead of schedule to triple production -- Mike Filloon.

Bakken buyout candidates for rest of 2012: OAS and KOG -- Mike Filloon. My thoughts: nope.

The rise of the Three Forks -- Motley Fool.

Bakken activity continues to heat up -- Motley Fool.

QEP Management Resources shares Bakken M&A insights -- SeekingAlpha.

KOG is no bear -- Motley Fool.

Is NOG a buy? -- Motley Fool

2 comments:

  1. The number of infill wells being requested in the Sept docket is something else... 10 to 18 in a 1280 spacing unit and 20 in 2560's...

    e.g., Case No. 18670: Application of Continental Resources, Inc. for an order authorizing the
    drilling, completing and producing of a total of eighteen wells on each
    existing 1280-acre spacing unit described as Sections 22 and 27, T.147N.,
    R.96W.; and Section 34, T.147N., R.96W. and Section 3, T.146N.,
    R.96W., Oakdale-Bakken Pool, Dunn County, ND, eliminating any tool
    error requirements and such other relief as is appropriate.

    ReplyDelete
    Replies
    1. Yes, we started seeing this in previous dockets; huge implications for the development of the Bakken, of which I will write about, if I find time.

      Delete

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