Nice Update on Statoil --

A reader sent me this link. A huge "thank you."

I would have missed this one.

For now, just link: http://www.petroleumnewsbakken.com/pnads/332044443.shtml. It is a very, very good update.

Quick summary of that interview:

• 378,000 acres (258,000 in ND; rest in Montana)
• drilled 150 wells in 2012
• fewer than 150 wells to be drilled in 2013
• rig count to average 12, one less than 2012
• norm: 7-well pads: 4 MB, 3TF
• shipping almost exclusively by rail; mostly to east coast
• looking at shipping to Vancouver
• rail for 3 - 4 more years; looking for pipeline infrastructure to catch up
• lower benches of the TF? won't research; will follow what others are doing in the Bakken, then drill
• study group in Williston/Austin looking how to use natural gas driving artificial lifts