Wednesday, December 19, 2012

Traveling For The Next Ten Days Or So; Links; Update -- Re-Completion Wells; RBN Energy; Utica

The blog will suffer.

Some changes while traveling.

1. I will post comments as soon as I can, but I will reply to very few of them. My policy is to reply to all posted comments (with rare exceptions) but while traveling, I just won't have time. So, please keep sending comments. I read them all. But I won't be able to reply to as many.

2. Updates will occur much less frequently. For example, in a few minutes I will be off the net for three hours or so, possibly longer.

3. I hear that the winter storm hitting the mid-section of the US is going to be a pretty good wallop. Don alerted me to that last night, and I posted that. Hopefully, it will stay south of the Bakken.

Bakken Operations

Active rigs: 186 (steady, but well off the intra-boom low of 181).

Per a reader's request, an update for "re-completion wells" has been posted.  I have also tagged it for follow-up in April, 2014. The post for "re-completion wells" is also tagged; the tag can be found at the bottom of the blog where the tags are.

IPs for wells coming off confidential list were not posted at time I was able to access internet this a.m., but preliminary production numbers are now available.  Whiting has a couple of nice Pronghorn prospect wells (at least I think that's where they are located).

Links for today

RBN Energy: the Anadarko.
The Anadarko Basin centered in Oklahoma and the Texas Panhandle has not yet developed production on the scale of the Bakken, Eagle Ford or Permian plays. Like the Permian Basin the Anadarko is an old field being recycled using horizontal drilling and hydraulic fracturing techniques. Spectacular initial production of over 5Mb/d from wells in the Granite Wash Hogshooter formation this year has excited producers. Today we look at the basin’s development.
BP's Utica regional headquarters moves to Youngstown, Ohio. This was noted earlier, but I'm not sure if I adequately shared the information.
BP announced yesterday they have begun moving into the company’s new “Utica Operations Center,” a 5,000 square foot office space with 38,000 sq ft of warehouse/storage space located in the Youngstown Commerce Park in North Jackson (Mahoning County), Ohio. BP aggressively leased Ohio Utica Shale acreage during 2012—signing up some 100,000 acres of leases this year. Of the Ohio acreage leased by BP, the vast majority (84,000 acres) is in Trumbull County, close to the new office space.
I don't know if it's just me, but there sure seems to be a quantum leap in interest in energy plays in the United States in the past six months in terms of "headline" news and stories. The Utica, particularly, seems to be getting a lot of attention.

***************

The story is easy to find everywhere on the web; it certainly appears it was not the President, but rather Hillary that missed that 3:00 a.m. call coming out of Libya.
The leaders of an independent panel that blamed systematic State Department management and leadership failures for gross security lapses in the deadly Sept. 11 attack on a U.S. diplomatic mission in Libya will explain their findings to Congress on Wednesday.
I think this was grossly unfair to Hillary. She never had her day in "court" to explain her side of the story.  She certainly has loyal minions: her security chief (for the State Department) took the fall; he resigned.

By the way, some folks have mentioned the cut in funding for embassy security around the world (I was completely unaware of that; I certainly would have posted that had I  known). I find it interesting that this was not mentioned in the ABC report on the Benghazi debacle.

Perhaps Hillary mentioned it in her 8-page letter to the board; she was unable to attend in person due to the "flu." Wow, I can't make this stuff up. Remember all the Kremlin apparatchiks suffering from the "flu" during the Cold War ... and then never heard of again? Iran is having a similar problem:
The Iranian State media just announced that another high ranking Revolutionary Guard commander, Ahmad Sodagar, has died of a heart attack.
Sodagar, a major general, had served as the head of security and intelligence of the Guards’ Khatam-al-Anbia Base and was the chief commander of the Guards’ Prophet Mohammad Division. He had served in the Iran-Iraq war and, at the time of his death, was the head of the program “Defaeh Moghadas” or Holy Defense.
This is the fifth Guard commander to die because of a heart attack or stroke in the past month.

4 comments:

  1. Merry Christmas in Williston?????

    ReplyDelete
  2. Statoil.com

    See latest news. Hole and Winkle.

    Anon 1

    ReplyDelete
    Replies
    1. Thank you. I just posed that news:

      http://www.milliondollarwayblog.com/2012/12/for-investors-only-connecting-utica-dots.html

      Sure sounds like a lot of activity all of a sudden in the Marcellus and the Utica. It certainly does not appear these companies think the price of oil is going to trend down long term, nor that the demand for oil will trend downward.

      Delete
  3. Thank you. I won't get to Williston this trip, unfortunately. San Antonio and Los Angeles.

    ReplyDelete