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Saturday, August 4, 2012

Week 31: July 29, 2012 -- August 4, 2012

Development
Second Williston bypass by end of year

Other formations
Monterey Shale, California

Operations
Another crude-by-rail oil loading facility
Oasis reports a 3,000+ IP
With less than six months to go, Hess announces increased CAPEX in the Bakken for rest of 2012
Samson Resources' Thomte well with 102,000 bbls in first six months, Divide County
Marathon to reduce rigs in North Dakota; pace of drilling won't slow

Pipelines
Trial balloon -- is TransCanada looking for a way to exit the Keystone XL?

Human interest stories
SkyNews (British) discovers the Bakken (great aerial video)
The Bakken, a game changer; Williston -- the nation's fastest growing small city
Infrastructure problems in South Texas (Eagle Ford) maybe worse than those in the Bakken
Chicago Tribune News, energy revolution in the US
Williston K-12 student enrollment to double

Projections
EIA: US proved reserves, 2010 -- 25 billion barrels

6 comments:

  1. re: 21673 (SM energy Bogner 13-20H)

    June 1 was reportws to be off confidential
    currently list as DRL

    Is it correct yhey have 30 days to start fracking & 30 more days to report status to NDIC.

    where do I look for latest & best information?

    thanks

    Newbie feeling dumber every day.

    ReplyDelete
    Replies
    1. There are no requirements to start fracking in any given time period. If the drilling is a bust, they won't frack the well, and it will be abandoned. This rarely, rarely happens in the Bakken; 99%+ wells are fracked.

      They will frack the well generally as soon as possible, but some companies don't frack in the winter; there has been a backlog in fracking -- not enough teams to frack.

      However, once they complete the well, generally meaning it's been fracked, they have 30 days s after the last day of the month in which it was fracked to provide the report to the state. So, if it was fracked/completed on July 5, they don't have to report until August 30. The state is probably 15 to 45 days behind in getting reports scanned and placed on their website.

      At the NDIC website, one can subscribe to "Basic Services" for $50/year which provides about as much information as one would want; for serious followers of the Bakken, it is the best deal on the internet. $50/year.

      I will be out and about for the rest of the day, but if you have more questions I will be back after 8:00 p.m. California time tonight.

      Delete
    2. thanks-you provide a great (and interesting) service.

      We are curious neighbors wishing the Bogners good luck!

      Delete
    3. Bogner 13-20H was released from Confidential status on June 1, and gas is being flaring off. Why is it so difficult to find any current information?

      Is listed as DRL. What is that code for?

      file # is 21673

      Delete
    4. At FAQs:

      http://www.milliondollarwayblog.com/p/faq.html

      Delete
    5. http://www.milliondollarwayblog.com/2011/06/reminder-drl-status-and-what-it-means.html

      Delete

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