Saturday, April 19, 2014

Richard Zeits On CLR's Aggressive Move In The Bakken

It's hard to believe I did not post this link last November. A reader sent it to me. A huge "thank you" to the reader.

Over at SeekingAlpha, last November 13, 2013, Richard Zeits talks about the Bakken and CLR.

I assume I've covered everything in this article over the last few months, so I'm only posting it for archival purposes.

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.

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Birthday party in Texas; they will go riding later. This is why I was not blogging much today: soccer, birthday parties, etc.


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The Friday edition of The Wall Street Journal this week had another story on Barnes and Noble, asking what it's survival plan was. While waiting for the birthday party to play out, I drove down a long Texas farm-managed road and found an incredible Tom Thumb grocery store. For Californians, Tom Thumb probably best compare to Ralphs. At half the cost for groceries.

Many (most?) Tom Thumbs have a Starbucks and wi-fi, as did this one. There was limited seating, but the barista sugggested "cafe seating" a few feet away in the store. Wow, theater seating. Leather chairs, large screen flat screen television tuned to Fox News. (I'm listening to Lana Del Rey.) A small Barnes and Noble store-within-a-store, perhaps the size of a small mom-and-pop book store would be perfect. Barnes and Noble needs a survival plan. I can think of many.

Paradise Dark, Lana Del Rey

Interestingly enough, there were no survival plans noted in the linked WSJ article. Just saying.

2 comments:

  1. I thought CLR would be making some efforts into secondary recovery using their success on Cedar Creek Anticline as the basis for their program by now. They must still be working on proper spacing and fracing. I see a recent eco pad drilled next door to the Hartman test site which included Bice and Doezel wells CLR increased proppant and fluid by approximately 1/3 on the Doezel wells compared to the Bice wells.

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    1. That's an interesting observation about amount of proppant. All things being equal, it looks like EOG's successes suggest a huge amount of proppant. Of course, where there is natural fracturing, less proppant is needed. For newbies, that's one reason the amount of proppant may vary from well to well.

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