For Investors Only; EOG Splits 2:1 Pre-Market Trading Today

Dow futures suggest gains made yesterday.  Oil is down slightly. Tea leaves suggest traders are betting the price of oil drops significantly over the next two months, some say as low as $85. Folks may have noticed that shares of most Bakken operators dropped yesterday: RBN Energy's blog today (linked earlier) suggests why. If accurate, it could get worse.

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Contributor over at SeekingAlpha suggests algae could play a role in drilling fluid. BHI and the Bakken are both mentioned. The story has to do with Solazyme's Encapso. 

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Remember: EOG trades at post-split price today; 2:1 split pre-market today.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here.

Clean Energy Fuels opens two America's Natural Gas Highway stations; signs multiple fueling agreements and commences sales of Redeem at new facility:

• Co announced fueling has begun at its Amarillo, TX, and Oklahoma City, OK, America's Natural Gas Highway stations to serve UPS' (UPS) growing heavy-duty LNG truck fleet.
• Additional truck fueling agreements were also announced for fleets fueling across Clean Energy's nationwide network from Los Angeles, CA, to Jacksonville, FL. Clean Energy and its customers were also awarded grant funds by the state of Pennsylvania for LCNG infrastructure development and heavy-duty natural gas vehicle conversions.

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Samson Oil & Gas provides weekly update: Co advises that the Blackdog 3-13-14HBK well has flowed at 1,995 BOPD with 3.2 MMCFD of gas for a combined rate of 2,527 BOEPD. The infill development plan for North Stockyard is to drill 10 middle Bakken wells and 8 Three Forks wells.

• The flow back of the Blackdog 3-13-14H is complete, and the final hourly rates measured were an oil rate of 83.13 BO per hour (equivalent to 1,995 BOPD) with 3.2 MMCFD of gas, for an equivalent 2,527 BOEPD. The well was flowing at 2,500 psi on a 28/64ths choke. As advised previously the frack volume used in this well was large (8.5 million pounds) and as a result the oil rate has responded accordingly. The well is currently shut in.
• Production from Sail and Anchor is about to be re-established after its shut in for the Backdog frack.
• Rennerfelt 2-13-H was fracked in 15 stages using 1.5 million pounds of  proppant. Rennerfelt 1-13-H is being fracked and is pumping Stage 11 of 15 stages.

For newbies, the number of frack stages depend on several factors. Of course, one is cost. Another is the degree to which the local area is naturally fractured.

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Sylvia Nasar's Grand Pursuit

I finished the book last week but will go back and re-read parts of it. I don't think I've ever read a book on macroeconomics. Nasar's book really helped me understand the Fed's action in the context of personal investing. I'll leave it at that for now.