Friday Afternoon Roundup; Fifteen (15) New Permits -- The Williston Basin, North Dakota, USA

For the archives and for investors.

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Michael Fitzsimmons, another name I've come to respect over at SeekingAlpha, has an article on Phillips 66 (PSX).

MarketRealist has Part 1 of a series on Kinder Morgan. I've never invested in KMI, probably never will, simply because I'm pretty well invested in pipelines and diversified otherwise. But if I was new to investing, it would be hard to look elsewhere when looking at pipelines in which to invest. The only bad news is that the president has commissioned a study on the nation’s energy infrastructure, including planned and existing pipelines, which is usually the first step in nationalizing an industry. LOL. I guess the only difference is that Mr Chavez did not need to commission a study before making his decision. I'm joking. Don't take the last half of this paragraph seriously. Seriously? I assume this study will take a year. The Canadians know what this means: another year before a decision is announced on the Keystone XL 2.0 North.

"We" will go into the weekend with 192 active rigs.

MRO has a rig-on-site, wildcat, northeast Slope County, about ten miles east of Amidon:

• 26335, conf, MRO, Powell 31-27TFH, wildcat 

Fifteen(15) new permits --

• Operators: HRC (5), WPX (3), Whiting (3), EOG (2), Petro-Hunt, American Eagle,
• Fields: Eagle Nest (Dunn), Van Hook (Mountrail), South Heart (Stark), Colgan (Divide), Charlson (McKenzie), Parshall (Mountrail)
• Comments: Whiting has a permit for a wildcat in Golden Valley

Wells coming off confidential list were posted earlier; see sidebar at the right.