Monday, January 28, 2013

Monday Evening -- Potpourri and Daily Activity Report To Follow - Eight (8) New Permits -- Williston Basin, North Dakota, USA

I missed this earlier today: Toyota took back the top spot in car sales worldwide, moving GM to #2.

Nice headline story at Yahoo!Finance: ride the rails.
(Interestingly, Warren Buffett's Berkshire Hathaway Inc.  these days trades more like a train stock than anything else, owing to its Burlington Northern railroad division acting as the its biggest source of profits and most of Berkshire's cyclical exposure. Any serious selling in Berkshire based on a cooling railroad sector would be a gift to investors looking to grab this unrivaled collection of assets at an even slimmer premium to book value than it currently commands.)
Yes, Berkshire is a railroad stock right now -- and the article failed to mention the Bakken.

Hess announcement to get out of the refining business? Investors loved it. Share price popped from $59-range to $63 at the opening. EPD at an all-time high today; a solid jump.

Active rigs in North Dakota: 190.

I've added another Bakken link to the sidebar at the right: ShaleExperts.com.

Eight (8) new permits --
  • Operators: Whiting (4), Hess (3), True Oil
  • Fields: Red Wing Creek (McKenzie), Park (Billings), Timber Creek (McKenzie), Robinson Lake (Mountrail), Zenith (Stark)
  • Comments:
Wells coming off the confidential list over the weekend were reported earlier; see sidebar at the right.

Producing wells completed:
  • 21698, 181, XTO, Flatland 11X-2F, Sand Creek, t10/12; cum 488 bbls 11/12;
  • 22788, 366, Crescent Point Energy, CPEUSC Szarka 25-36-159N-100W,  wildcat, t9/12; cum 12K 11/12;
Dry Hole:
  • 22413, DRY, Hess, AV-Claire 163-94-211H-1;  Forthun; 

3 comments:

  1. Replies
    1. Yes, I saw that. At the top of the second column, the link to the Minneapolis-Star-Tribune story on ND struggling with its prosperity.

      Coincidentally I linked that story yesterday. No one saw my link because buried it at much earlier post where I will now post such stories.

      Can by found by searching "whining" at my site.

      http://www.milliondollarwayblog.com/2013/01/where-men-are-many-women-are-hounded.html

      Delete
    2. The Strib article is just a bunch of regurgitated slop they are noted for. They have said it all before so nothing new. The Strib must of had another pang of envy and jealousy so here comes another negative article. The ratio of Strib articles about the positive economic contribution western North Dakota is having on the region vs negative article would be something like 0 to 1000.

      They are for laughing at and not taking seriously.

      Delete

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