Saturday, December 28, 2013

Top Stories Of 2013

This is "final" but it could be updated.

Top Story of the Year:
ONEOK to invest almost $1 billion in the Bakken in new natural gas gathering, processing

The world:
Great Britain lifts ban on fracking to exploit shale gas reserves

The nation:
US oil production surges to highest levels since 1989, almost 25 years ago -- CarpeDiem

North Dakota:
New four-lane bridge across Missouri southwest of Williston announced
 
Minnesota:
$70 million, 5-year construction project, Minneapolis, MN, to support the Bakken -- biggest story of the week

Most exciting operator in the Bakken in 2013:
EOG
  • revolutionary completion techniques (60+ stages; 12 million lbs sand)
  • owns own sand resources
  • ramps up in Parshall (from one rig to seven rigs)
  • payback in less than 12 months: wells in both the Bakken and Eagle Ford
  • operates in top three US plays: Bakken, Eagle Ford, Permian
  • predicted to be be largest producer in continental US by 2018 
Most surprising story of 2013:
Harold Hamm, CLR/CEO, divorce proceedings; affair in 2010

The deals:
See sidebar
The KOG - Liberty Resources deal has closed; a bit pricier than originally reported 

Record price per acre:

Bakken Operations:
Increased well density

Most exciting production prediction:
The Bakken potential; heading for 2 million bopd -- Goldman Sachs

Bakken oil field story of the year:
July dockets posted: XTO to drill another 300 wells in Siverston oil field

Biggest story in takeaway capacity:
90% of Bakken oil could go by rail in 2014

Investment story of the year:
The KOG-Liberty Resources deal

The "Other" Williston Basin formations
Random update of a Red River re-entry well

The Williston Wire's Top Ten Stories of 2013 -- My Thoughts
 
CNBC broadcasts from Williston
Number of North Dakota millionaires nearly doubles
Reservation royalties surge on tax agreement
$100 million event center for Dickinson?
Williston Planning/Zoning Commission approves 535-acre residential/commercial development
Fuddruckers, Acme Tool, Famous Dave's, Outlaw Grill, Home of Economy expanding -- Williston
Hertz Equipment Rental moves into spacious facility on 5-acre lot
Second Tractor & Equipment Store to open in Williston
Menard's to build concept store in Williston, 18 acres of shopping pleasure 
A 624-room Bakken Inn to be built in Parshall

The Williston Wire's Top Ten Stories of 2013 -- Their Pick


  • Williston named fastest growing micropolitan. Again.
  • Glut of job openings; more than 700 in Williams County
  • Williston experienced a baby boom
  • New restaurants poured into Williston: Buffalo Wild Wings, Famous Dave's BBQ, Fuddruckers, Doc Hollidays, The Williston Brewing Company, Basil Sushi Bar & Asian Fusion just to name a few
  • Williston City Commission approved an unprecedented annexation of 4,888 acres, increasing the geographical size of Williston to 20.3 square miles
  • Apartment construction boomed in 2013
  • Sloulin Field continued to break enplanement records
  • Babe Ruth World Series drew large crowds and praise
  • Williston State College won the National Junior College Hockey Championship
  • Williston State College saw major transformation

Expanded List of Top Stories of 2013
The Short List

The nation:
EPA says final report on fracking won't be ready until 2016 -- biggest story of the week
US fuel exports surge

The Bakken: production
Whiting's Sanish wells model to 2 million bbls EUR
The Bakken potential; heading for 2 million bopd -- Goldman Sachs
NDIC expects surge in crude oil production this summer

The Bakken: fields
Statoil's Beaux-tiful wells in the Banks oil field
EOG's Parshall field on track to generate revenues in excess of $100 million -- Filloon
July dockets posted: XTO to drill another 300 wells in Siverston oil field
Re-entering/re-completed wells in the Spotted Horn oil field
QEP to unitize the Helis Grail-Bakken oil field14 wells on each 1280-acre spacing unit in Brooklyn-Bakken oil field -- CLR 

The Bakken: formations
The Three Forks potential -- in some areas Three Forks wells are five times better than middle Bakken well

The Bakken: wells
EOG 3-mile long horizontal; 213,000 bbls in less than 5 months
Zenergy's Omlid well: a TF3 headliner
EOG's monster wells
CLR with the "deepest" horizontal well in Williams County
Three CLR Hawkinson wells with total cumulative production over 1 million bbls

The Bakken: well density
Fourteen wells sited in one section in Truax oil field
CLR's Atlanta wells; 14 wells in Baker field
48 wells/spacing unit in the better Bakken -- Lynn Helms
Fourteen wells in one section in Antelope oil field
The downspacing revolution in the Bakken -- Richard Zeits
WPX with eleven wells in one spacing unit
KOG, XTO leading the way on density well drilling
What the success of CLR's Hawkinson wells means for the Bakken
CLR's graphic of 34 wells in one spacing unit
34 wells on a spacing unit -- EOG

The Bakken: operators
Is something going on with Oasis?

The Bakken: crude by rail (CBR)
90% of Bakken oil could go by rail in 2014
CBR expansion at New Town planned
BNSF to add second stretch of mainline track, Ray to Tioga, 12 miles
BNSF to invest $220 million in CAPEX in North Dakota in 2013
Two more terminals raise capacity to almost 500,000 bopd; capacity jumps 50% in June
New Frontier to build rail/industrial yard in Williston
Stark County approves new rail transloading facility 

The Bakken: takeaway capacity
Enbridge keeps adding to its $6 billion pipeline project

The deals:
See sidebar
Oasis acquires 161,000 net acres in the Bakken
Petro-Hunt sells 17,000 net acres to Whiting, $260 million cash; the deal
The KOG - Liberty Resources deal has closed; a bit pricier than originally reported 
Analysis of KOG-Liberty Resources deal
The KOG-Liberty Resources deal -- Mike Filloon (one of numerous stories on the deal)
Zenergy to sell Bakken assets; estimated at $1 billion 

The Bakken: investments
EOG drills well in western North Dakota with payback in six months
Hess increases dividend by 150%
Five Bakken wells with revenues over $17 million in less then two years - Filloon
KOG market cap passes US Steel
ONEOK to spin off ONE Gas
OXY USA to sell its position in the Bakken?

The Bakken: taxable sales receipts
Williston beats Fargo in taxable sales; 8th month in a row

The Bakken: fracking

EOG reports a 62-stage fracked well
EOG reports a 61-stage well; a 55-stage well; 12 million lbs sand
EOG monster wells: 49 stages and 10 million pounds of sand
SBR terminal to be built in New Town, North Dakota 
Refracking in the Bakken
Whiting's new completion technique
Statoil receives first permits to use high-salt produced water for fracking
Re-fracking the Bakken: an update on the MRO experience  

The Bakken: natural gas
ONEOK to add fifth natural gas gathering and processing unit; this one near Watford City
ONEOK to invest almost $1 billion in new natural gas gathering, processing

The Bakken: miscellaneous
The three biggest energy stories of 2013 (2 of 3 involve the Bakken) -- The Motley Fool 
The Bakken is a lot bigger than we thought 
Is economic value of Bakken natural gas four times greater than forecast?
If this were the Daytona 500, the Bakken is at "Mile 50"; 30 years of drilling yet to go
It appears the reservation (BLM) is main source of flaring in the Bakken
Update on EOG's waterflooding experience in the Bakken 

Development/Infrastructure/economy:
Williston will need $625 million/year for next six years for infrastructure
Five-lane highway, Williston to Watford City, announced
WAWS water at 13-mile corner, north of Williston
Bobcat, bigger than ever, back in Bismarck
Williston's Buffalo Wild Wings outsells all other BWWs in the nation
Growers to build $1 billion fertilizer factory near Grand Forks using Bakken natural gas
First new US refinery in almost 40 years; breaks ground in North Dakota
Native America refinery to break ground in August
New $12 million water treatment plant for Parshall  

The "other Williston Basin formations
Random update of a Red River re-entry well
MRO targeting the Tyler formation in southwest North Dakota
MRO permits another Tyler well in Slope County

Renewable energy meets reality:
Slicers and dicers given 30-year immunity re: bird kills

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