- 26036, 45, Corinthian, Corinthian Skarphol 8-33 2H, North Souris, a Spearfish well, t12/13; cum 13K 4/14;
- 26630, drl, CLR, Mack 22-2H1, Antelope, no production data,
- 26873, drl, CLR, Lawrence 7-24H2, North Tioga, no production data,
- 26928, 1,363, BR, Craterlands 11-14TFH-R, Hawkeye, t3/14; cum 9K 4/14;
- 26979, 714, Petro-Hunt, MM Wold 160-94-31A-6-1HS, North Tioga, t4/14; cum 5K 4/14;
- 27071, drl, Mountain Divide, Reistad 26-35S-1H, Fortuna, no production data,
- 24754, drl, Statoil, Melissa 31-30 2H, East Fork, no production data,
- 24759, drl, Statoil, Melissa 31-30 7TFH, East Fork, no production data,
- 25675, drl, Statoil, Lucy Hanson 15-22 5TFH, Catwalk, no production data,
- 26473, 959, Newfield, Rolfsrud State 152-96-21-16-12H, Westberg, t3/14; cum 33K 4/14;
- 26510, 1,420, WPX, Mabel Levings 14-23HX, Mandaree, t5/14; cum 2K 4/14;
- 26511, 1,64, WPX, Mabel Levings 14-23HB, Mandaree, t5/14; ;cum 3K 4/14;
- 26569, 305, KOG, W Nystuen 159-98-15-9-4-2H3, Big Stone, t2/14; cum 9K 4/14;
- 26789, drl, Hess, BB-Belquist-150-95-1110H-3, Blue Buttes, no production data,
26473, see above, Newfield, Rolfsrud State 152-96-21-16-12H, Westberg:
|Date||Oil Runs||MCF Sold|
Bloomberg is reporting: Europe is turning to coal -- instead of natural gas --
Natural gas-fired power plants accounting for almost 30 percent of Europe’s capacity are at risk of shutting or being mothballed as utilities opt to burn cheaper coal, according to the International Center for Natural Gas Information.
European Union power generators’ demand for gas plunged 33 percent, or 51 billion cubic meters, in the past three years, the organization said today in a report. That equates to a year of French consumption, said Cedigaz, as the center is known. Gas’s share of the EU electricity mix slumped to 19 percent in 2012 from 23.6 percent in 2010, it said.
Coal prices dropped 32 percent between the middle of 2011 and the end of last year as surging U.S. shale-gas production reduced the solid fuel’s share of the nation’s power generation, according to Cedigaz. That prompted producers to export coal, creating a glut, it said. Gas prices, mostly linked to oil, rose 42 percent between 2010 and last year, the report showed.
“If all gas power plants currently under review by major European utilities are closed, this may lead to the closure of about 50 gigawatts of capacity by 2015-16, or 28 percent of the current capacity,” said Cedigaz, based in Rueil-Malmaison in western Paris. “This capacity is needed to ensure security of supply when wind and sun are not producing.”
I'm having a little trouble understanding the entire article (see last paragraph of the linked story) but the general gist of the story is consistent with what we've been hearing for the past year.
Spain: Moving Away From Renewable Energy
When I think of Iberdola, I think of Spanish renewable energy. When you go to the wiki link on Iberdola, you will see why. I'm not going to go through all the numbers, but the general gist is that this is a company focused on renewable energy.
Oh, before we get started, a reminder: the unemployment rate in Spain is 26%. CNBC calls a rate of 26% "massive." I would tend to agree.
Okay, back to Iberdola.
For a company focused on green energy, it's surprising to see that it just signed with Cheniere for a 20-year supply of LNG for its customer base in the UK and Spain. [It was interesting to note that this was not only for Spain, but also for the UK. Remember, it is expected that the UK will run out of its own natural gas within three years.] FuelFix is reporting:
A Cheniere Energy subsidiary has agreed to a 20-year deal worth $5.6 billion to supply liquefied natural gas to Spanish power and generation company Iberdola.
Iberdola agreed to purchase 400,000 metric tons annually from Cheniere’s planned Corpus Christi facility once its liquefaction Train 1 comes online. That rate doubles once the facility’s Train 2 come online. The facility is slated to have a total of three trains. Once completed, Iberdrola’s commitment would equal about 6 percent of the facility’s capacity.
Iberdola officials said it would use the natural gas to supply its markets in the UK and Spain.This story, the earlier story on CVX jettisoning its renewable energy division, and Germany's return to coal is a trifecta: Spain, US, and Germany and the future of renewable energy. I track the "big stories" here, including "Europe At A Tipping Point." I've marked my calendar: June 1, 2014: the beginning of the end of renewable energy.