Friday, June 13, 2014

Eleven (11) New Permits -- North Dakota, Home Of Standing Rock Indian Reservation (Shared With South Dakota)

Active rigs:


6/13/201406/13/201306/13/201206/13/201106/13/2009
Active Rigs18718521116937

Eleven (11) new permits --
  • Operators: Samson Resources (4), Hess (2), Slawson (2), QEP, Statoil, CLR
  • Fields: Ambrose (Divide), Parshall (Mountrail), Big Bend (Mountrail), Grail (McKenzie), Todd (Williams), Bell (Stark)
  • Comments:
Wells coming off the confidential list were posted earlier; see sidebar at the right.

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Trading at new highs: APA, CNI, CP, Crescent Point Energy, OXY, SSL. Looks like most of the oil companies pulled back a bit today.

Renewable energy: over at Carpe Diem, Mark Perry rightly notes that "wind and solar production won't make much difference in reducing CO2 emissions." He provides an incredible graph showing how Germany's cost of industrial electricity has jumped from about 10 cents/kwh to almost 20 cents/kwh. Making things worse was Germany's decision to mothball four nuclear plants in 2011/2012. Germany industry pays an average of almost 20 cents/kwh of electricity vs the 7 cents that American industry pays on average.

Iraq: from wiki, the US-led invasion of Iraq lasted from March 19, 2003, to May 1, 2003. The invasion consisted of 21 days of major combat operations. The ISIS-led invasion of Iraq resulted in the fall of Mosul in the first 24 hours (to the best of my knowledge) on Tuesday, June 10, 2013. By Friday, June 13, 2013, the major combat operations appear over and it's now on to a stalemate of sorts as each side re-groups for protracted civil war.

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