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Wednesday, December 18, 2013

Wells Coming Off Confidential Wednesday; BR WIth A Big Well

Active rigs: 186

RBN Energy: Survey of Utica condensate and natural gasoline takeaway.
Next year (2014) RBN Energy expects Utica natural gas processing plants to produce 43 Mb/d of natural gasoline – more than 3 times 2013 production.  Local demand will only soak up 17 Mb/d – leaving 26Mb/d needing transport to markets outside the region. Midstream companies are building infrastructure to accomplish this – by pipeline, rail, truck or barge. Today we conclude our survey of Utica Condensate and natural gasoline takeaway.
Wells coming off confidential list, Wednesday:
  • 22948, 886, True Oil, True Federal 21-16 16-21H, Bully, t11/13; cum 2K 10/13;
  • 23720, 318, EOG, Bear Den 8-1621H, Ambrose, 4 sections, t5/13; cum 33K 10/13;
  • 24463, 1,592, WPX, Adam Good Bear 15-22HD, Van Hook, 16 stages; 3 million lbs, t6/13, cum 52K 10/13; comment: 16 stages = 31 equivalent stages
  • 24802, drl, CLR, Rollefstad Federal 10-3H-2, Antelope,
  • 24988, drl, Statoil, Domaskin 30-31 7TFH, Alger, 
  • 25282, 957, Samson Resources, Strom 2536-2H, Ambrose, 4 sections, t9/13; cum 31K 10/13;
  • 25301, drl, XTO, Louise 31X-T15, North Tobacco Garden, 
  • 25328, drl, MRO, Judy Tuhy USA 31-4H, 27K in 39 days;
  • 25388, 2,832, BR, Cleo 21-1MBH, Croff, 2 sections, t9/13; cum 15K 10/13;
  • 25690, 100, CLR, Park 1-22H, Juno, t9/13; cum 8K 10/13;
The Wall Street Journal

Low inflation tests world's central banks.
Inflation is slowing across the developed world despite ultralow interest rates and unprecedented money-printing campaigns, posing a dilemma for the Federal Reserve and other major central banks as they plot their next policy moves. U.S. consumer prices rose just 1.2% in November from a year earlier, according to Labor Department data released Tuesday. The subdued price data came as the Fed opened a two-day policy meeting at which the fate of its $85 billion-a-month bond-buying program—an effort to hold down long-term interest rates and drive up the value of homes, stocks and other assets—is a central focus. -- One question: why taper?
Goal of robust growth eluded Bernanke. EPA regulations, ObamaCare, NLRB.

The Los Angeles Times

District judge's ruling effectively decriminalizes plural marriage (polygamy) in Utah.  

From readers

Clean energy coal plant scuttled.
More than seven years after making public its plans to construct a major coal-fired power plant in Rogers Township, Wolverine leaders have given up.
Faced with years of government red tape and what backers of the project agree were unreasonable regulations, the cooperative admitted investing more than $25 million to jump through constantly moving hoops set up to block construction of new power plants.
What started as a promise for as many as 2,000 construction jobs and 100 permanent jobs is now off the table.
And Mr Bernanke wonders why "robust growth eluded him." See linked story above.

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