Friday, March 22, 2013

The Disaster Continues; Wells Coming Off The Confidential List; BEXP Has Another Gusher; American Eagle Has a Huge Well Near The Canadian Border;

I'll get to the wells that came off the confidential list today, but more important things first.

Yesterday this was posted:
Killing coal, killing Keystone XL, and now killing the nation's fuel supply system seems to be the perfect trifecta. It is amazing what one president can do in one term, when his party controls the Senate. He will leave quite a legacy.
To that list one can add another sector that was working until this administration came along: the health care. Today, the headline story, front page, Wall Street Journal, Health Insurers Warn on Premiums.
Health insurers are privately warning brokers that premiums for many individuals and small businesses could increase sharply next year because of the health-care overhaul law, with the nation's biggest firm projecting that rates could more than double for some consumers buying their own plans.
The projections, made in sessions with brokers and agents, provide some of the most concrete evidence yet of how much insurance companies might increase prices when major provisions of the law kick in next year—a subject of rigorous debate. 
The House sees the debacle coming down the road, but the House is powerless. Cue up Connie Francis. 

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Okay, now the wells coming off the confidential list today:

21557, drl, QEP, MHA 1-31-36H-150-92, Heart Butte,  this is a short little lateral, the well file report is not available;
23320, 3,611, BEXP, Porter 35-26 2H, Alexander,  t1/13; cum 18K 1/13;
23375, 669, EN-Ortloff 156-94-2635H-3, Big Butte, t2/13; cum 4K 1/13;
23465, 851, American Eagle Energy, Haagenson 3-2-163-101, Colgan, t12/12; cum 39K 1/13;

It will be interesting to the results of the Ortloff well above compared to its sister well reported earlier this week:
  • 23374, 8,683, 863, Hess, EN-Ortloff 156-94-2635H-2,  Big Butte, t2/13; cum 17K 1/13; [UPDATE: a reader just sent me a note: NDIC updated the error. The IP is now being reported as 863 bbls.]