KOG And Flaring; Some Dots To Connect; WMB Suspends Investment In NG Pipeline From The Marcellus-Utica

Three dots to connect:

• close relationship between KOG and the reservation (at the link, scroll down to original post). -- October 25, 2009
• BLM-managed reservation the main problem with regard to flaring; many posts; this was the most recent. -- April 25, 2014
• on a day that the market rose triple digits and oil rose a bit, staying above $100/bbl, KOG dropped over 4% (that was before the close; closing price for the day yet to be determined)

Motley Fool weighs in.

In this Motley Fool article, the contributor is bullish on KOG, but doesn't mention the flaring issue.

By the way that second Motley Fool article says:

Whether you trust him or not, Continental Resources does control 1.2 million net acres in the Bakken and was also the first company to discover the Parshall shale in North Dakota. 

I thought it was EOG who made the Parshall discovery that started the Bakken boom in North Dakota. Not taking anything away from Harold Hamm who quietly bought up a lot of leases over the years prior to the boom, but I thought it was EOG who had the "discovery" well as it were. But, the Bakken has any number of drillers who say they were first. 

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Twenty-one (21) companies announced increased dividends or distributions, including: Magellan Midstream, Holly Energy, Johnson & Johnson, Lexmark (30 cents to 36 cents).

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Sanchez Energy announces Q1 2014 Production of 1,691 MBOE, an Increase of 376% over the First Quarter of 2013 :

Co provided an update on Q1 2014 production and operations. Summary Highlights Sanchez Energy reported Q1 2014 production of ~1,691 MBOE (18,784 BOE/D), an increase of 376% compared to the same period a year ago Reported production volumes consisted of 72% oil, 15% NGLs, and 13% natural gas Current production is ~21,000 BOE/D with 13 gross wells in various stages of completion. Operating in the Eagle Ford and the TMS.

Williams Cos suspends investment in Bluegrass NGL Pipeline due to insufficient customer commitments: Co announces it has suspended capital investments in the Bluegrass Pipeline, a proposed natural-gas-liquids project, primarily in response to an insufficient level of firm customer commitments. The company continues to engage in discussions with potential customers regarding the scale and timing of demand for services and the required firm contractual commitments that would support any future capital investments.

• The project, in which Williams is a joint-venture partner, is designed to connect natural gas liquids produced in the Marcellus-Utica areas in the U.S. Northeast with domestic and export markets in the U.S. Gulf Coast. The Bluegrass Pipeline represents a strong long-term solution in the marketplace.

Natl Oilwell Varco beats by $0.01. Stock down 7% -- investors not happy. 

Evidence the economy continues to struggle? Briggs & Stratton sees FY14 EPS lower than consensus.