A Random Look At A Recent Oasis Well; The Martell Well In Glass Bluff, Northwest McKenzie County

This was a fairly mediocre well for Oasis based on the IP so I thought it would be interesting to read the well file:

• 25077, 320, Oasis, Martell 36-25HTF2, Glass Bluff, 36 stages; 3.7 million lbs; Three Forks;  t2/14; cum 5K 3/14;

More on the Oasis Martell well:

• Glass Bluff formation is in the far northwest corner of McKenzie County; Foreman Butte is to the southeast
• oil and gas shows in the middle Bakken
• the Pronghorn (Devonian) member forms an unconformity between the lower Bakken and the Three Forks and is present in the  Foreman Butte field and surrounding fields
• oil and gas is present in the Pronghorn with a porosity of 12 - 15%
• the 1st bench of the Three Forks was the target: 7 - 12% porosity; hydrocarbon saturation actually appears to be about half what it was in the Pronghorn;
• the Nisku (Devonian): 7 - 18% porosity; hydrocarbon saturation similar to 1st bench Three Forks in this area; gas shows were "minimal" but similar to the other formations for this well with the exception that the target formation averaged greater than 500 units for the majority of the well, and spiked regularly as high as 1,000 to 2,500+ units
• one trip flare was in excess of 10 feet; smaller flares 2 - 5' observed later 

Results of other wells coming off the confidential list for today have also been posted.

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The Norwegian Boom Tails Off

Yahoo!News is reporting:

Norway's energy boom is tailing off years ahead of expectations, exposing an economy unprepared for life after oil and threatening the long-term viability of the world's most generous welfare model.

High spending within the sector has pushed up wages and other costs to unsustainable levels, not just for the oil and gas industry but for all sectors, and that is now acting as a drag on further energy investment. Norwegian firms outside oil have struggled to pick up the slack in what has been, for at least a decade, almost a single-track economy.

How Norway handles this "curse of oil" - huge wealth that bring unhealthy dependency in its train - may hold lessons across the North Sea in Scotland, which votes on independence from the United Kingdom later this year, relying at least in part on what it sees as its oil revenues.

Norway had the foresight to put aside a massive $860 billion rainy-day cash pile, or $170,000 per man, woman and child. It also has huge budget surpluses, a top-notch AAA credit rating and low unemployment, so tangible decline is not imminent.

Like, not in my investing lifetime.