The BP Statistical Review of World Energy shows coal to be the fastest growing fossil fuel worldwide, garnering a 30 percent share of world supplies in 2011, the highest share since 1969.The linked article was published June 19, 2012; it is not an old article.
The BTA Sharon well locates five miles southeast of a vertical hole Oxy USA drilled in January 2012 #21949, and 2 1/2 miles southeast of a newly permitted Oxy well (just yesterday 5-18-2012) the Tomahawk 28-141-93, #23171; a horizontal hole which will drill through sections 28 and 33 of that township. [I am bringing the comment up to the body of the post, so the information is searchable. Comments are not readily searchable.] And then this, another comment: Four miles west of the Spring Creek #21949 OXY USA vertical hole, OXY USA has also permited the Thunderbird #22997 on May 29 2012 in 15-141-94. OXY has shown an inordinate amount of interest in this area after drilling this vertical hole and taking core samples.So, all of a sudden, we have one of the largest, if not the largest, crew camp in North Dakota going up in the Dickinson area; we have a successful BTA natural gas well (how successful, yet to be determined), and at least a couple more OXY wells in the immediate area. OXY has suggested they have better prospects outside North Dakota in their conference calls. Tantalizing.
... it was a vertical gas well. A huge gas flare lit up the sky for many days here, and rumor is that its being hooked up to an MDU gas pipeline.This well is located 4 miles north of Taylor, North Dakota, population 148 in 2010 census. It is It is part of the Dickinson Micropolitan Statistical Area. The well is about 15 miles northeast of Dickinson. Interestingly there is almost no activity in this area except two other vertical wells:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| WINNIPEG | 4-2012 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| WINNIPEG | 3-2012 | 1 | 0 | 0 | 0 | 1636 | 0 | 1636 |
| WINNIPEG | 2-2012 | 5 | 0 | 0 | 0 | 20509 | 0 | 20509 |
In addition, one permit was canceled:
- 21512, PNC, Petro-Hunt, USA 153-95-1C-7-3H, McKenzie,
Two producing wells completed, both unremarkableLater, 2:10 p.m.: See 3rd comment below (I believe it will be the third comment; may change over time), but the comment regarding the Sharon well below:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 4-2012 | 23 | 8312 | 7940 | 5129 | 8178 | 0 | 8178 |
| BAKKEN | 3-2012 | 31 | 15431 | 15518 | 9005 | 15154 | 0 | 15154 |
| BAKKEN | 2-2012 | 29 | 20107 | 20646 | 13585 | 19746 | 0 | 19746 |
| BAKKEN | 1-2012 | 16 | 22980 | 22068 | 27624 | 27127 | 0 | 27127 |
Sempra Energy subsidiary adds new underground natural gas storage capacity in Gulf Coast: Sempra U.S. Gas & Power, a subsidiary of Sempra Energy, announced that it has received authorization from the Federal Energy Regulatory Commission to place a second underground natural gas storage cavern into service at its Mississippi Hub Storage facility located in Simpson County, Miss.
Sempra Energy (SRE) is a $16.3 billion energy services holding company whose subsidiaries provide natural gas and power to customers. It is also the largest natural gas storage company in the United States. The company pays a dividend yield of 3.6% on a payout ratio of 43%. The company's peers PG&E Corp. (PCG), AGL Resources (GAS), and Enbridge (ENB) pay dividends yielding 4.0%, 4.8%, and 2.9%, respectively. Sempra Energy's stock is hovering around its 52-week high of $68.01 a share and is up 23.7% from the beginning of the year.That one random data point: SRE is the largest natural gas storage company in the US. I did not know that.
October 30, 2020: Canada finally approves 2021 expansion of NGTL's gas pipeline network.
January 29, 2018: update on the Duvernay.
March 3, 2016: update on polyethylene cracker in North Dakota; the tsunami will include the natural gas from Duvernay.
October 6, 2014: Kuwait buys into the Duvernay.
August 30, 2013: The Calgary Herald is reporting:
Alberta’s early stage Duvernay resource play has already absorbed $6 billion of investment and promises to be the subject of much more, analysts say, judging by recent activity and promising results.
“The Duvernay is arguably the most exciting emerging resource play in Canada,” says a research report from TD Securities published Monday.
“We estimate that over $6 billion has been spent on the play to date: $3 billion at land sales, $2 billion of corporate acquisition and divestitures ... and $1 billion in drilling activity.”
The Duvernay was the main driver of the record $3.2 billion spent at Alberta Crown drilling rights auctions in fiscal 2011-12.
The shale marine formation is believed to be the oil and gas source rock for many adjacent conventional Devonian formations that have already been extensively drained. It is found 2,800 to 3,600 meters underground, in thicknesses of 35 to 60 meters and extends over 400 kilometres from northwest to southeast Alberta.
At the linked article: But it’s deep, and expensive to drill. The Duvernay needs very good to great results to be economic. That means liquid rich gas with at least 60 barrels of condensate per million cubic feet of gas—if not 90. (Condensate is more like a light oil that gets better than oil pricing.)The purpose of reading the linked article about the Duvernay is not to learn about the Duvernay, but to understand better the "richness" of the Bakken.