Tuesday Morning Energy Links -- Link to Wells Coming Off Confidential List; OXY USA Bakken Well With An IP of 10

After six months, this OXY USA well has produced as much oil as many Bakken wells produce in one month; many Bakken wells produce twice this much oil in the first month of production. OXY must be stressing asset (oil-in-the-ground) management:

• 22519, 10 (no typo), OXY USA, Ward Lake 1-5-6H-160-91, Dimond,  an extension of the Dimond field; Three Forks well; 21 stages; 2.1 million lbs;  t6/12; cum 8K 12/12;

Data for all wells coming off confidential list over the long weekend and today have been posted. Some very nice wells. 

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In today's WSJ: How Obama might OK Pipeline; unfortunately, it's a typical WSJ response and offers no real path for the president to approve the Keystone; simply a speech saying he's making headway on the environment and that a year-long delay helped will not be enough. The "editorial" is interesting to read, but not very enlightening. The comments show the lack of understanding of the issue. Canadian heavy oil: $60/bbl; Venezuelan heavy oil: $120/bbl

It just got more expensive to buy gasoline in California -- thank the faux environmentalists. From RBN Energy, today:

On January 1st, 2013, California’s cap-and-trade program for Greenhouse Gas emissions (GHG) went live and West Coast energy markets entered a whole new world.  Wholesale electricity prices in California increased 20% as a result and other energy markets have felt the impact.  For example, the new rules pushed up the average cost of refining oil by $0.78/bbl.  For companies subject to the regulations, the bottom line is that if you generate GHG, you pay.  But exactly who pays, how much you pay, and when you pay are all subject to a dizzying array of rules and regulations.  Today we’ll navigate the turbulent and uncharted seas of California cap-and-trade markets.

WSJ Links

Section R (Health Care): I did not read.

Section D (Personal Journal): Music ability helps reading.

Section C (Money & Investing):
The pitfalls of dividend yield in the oil patch, in heard on the street.

Section B (Marketplace):
ObamaPhone subsidy concerns grow

Google works on launching retail stores

Section A:
Gas prices rise for 32nd day in a row; no link; the story is everywhere; cue up Connie Francis

How Obama might OK Pipeline

If you like drones targeting Americans, there are two op-ed pieces in the WSJ. I may link them later on. Too busy; need to move on.