Remember: high oil prices can hurt earnings for Bakken operators who have hedged for lower ceilings.
Disclaimer: this is not an investment site. Do not make any investment decision based on what you read here or what you think you may have read here.
Permitted for re-entry:
- 16686, 379, MRO, Shobe 24-20H, Reunion Bay, t2/08; cum 106K 4/14; permitted for re-entry; see my post of December 24, 2013, for MRO and re-fracking/re-entry;
- 24756, drl, Statoil, Melissa 31-30 4H, East Fork, no production data,
- 25108, drl, CLR, Bonney 5-3H1, Jim Creek, no production data,
- 25394, see below, Oasis, Baxter 5200 11-28T, Camp, a big well,
- 25552, drl, Zavanna, Bear Cat 333-28 3TFH, Williston, no production data,
- 25710, 556, OXY USA, State Kary 3-19-18H-144-96, Murphy Creek, t11/13; cum 45K 4/14;
- 25847, 2,701, Oasis, Ceynar 5200 11-28B, Murphy Creek, t12/13; cum 66K 4/14;
- 26383, 302, Oasis, Delia 5992 14-30H, Cottonwood, t4/14; cum 5K 4/14;
- 26869, drl, XTO, Cindy Blikre 41X-2D, Lindahl, no production data,
- 27049, 1,189, CLR, Putnam 1-25H, East Fork, t3/14; cum 45K 4/14;
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 4-2014 | 13540 | 0 |
| 3-2014 | 7576 | 7408 |
| 2-2014 | 14366 | 0 |
| 1-2014 | 24021 | 0 |
| 12-2013 | 17358 | 5641 |
27049, see below, CLR, Putnam 1-25H, East Fork:
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 4-2014 | 19218 | 139 |
| 3-2014 | 23443 | 5 |
| 2-2014 | 1748 | 0 |
Eleven (11) new permits --
- Operators: EOG (3), Whiting (3), CLR (2), Newfield (2), Hunt,
- Fields: Parshall (Mountrail), Sanish (Mountrail), Banks (McKenzie), Siverston (McKenzie), Zahl (Williams
- Comments:
Four (4) producing wells completed:
- 25023, 131, Sinclair, Martens 4-4TFH, Sanish, one-section spacing; t5/14; cum --
- 25798, 349, CLR, Lannister 1-23H1, Leaf Mountain, spacing ICO, t6/14; cum --
- 25799, 487, CLR, Vibe 1-26H1, Leaf Mountain, 2-section spacing, t5/14; cum --
- 26258, 795, CLR, Oneil 1-28H1, Stoneview, t6/14; cum --
******************************
Headlines: The Week Iraq Fell
From numerous sources, including CNN
- Obama says Iraq is going to need more help -- this was at 1:27 p.m EDT, June 12, 2014, after the 2nd largest city fell; a third city fell, and the Sunnis were "sweeping" toward Baghdad
- Iraq: one of Obama's greatest achievements -- VP Joe Biden, June 12, 2014
- White House has difficulty coming up with any foreign policy achievements, June 11, 2013
- CNN's Wolf Blitzer says White House was caught completely off guard
- If one looks at the photograph at Drudge, one will see this is one heck of a coordinated attack;
- Waiting for SecState to tell us this was in response to a video shown by Michael Moore
- Obama says he rules out nothing (except "no boots on ground" and no airstrikes; he's talking to his admirals now
- Iraq anarchy spiral
- Terrorists are a "full-blown" army
- Medieval Sharia law imposed
- Maliki Army collapses
- Prime Minister asks USA for air strikes; US refuses; Obama considers drawing a "red line" on the map
- Iran deploys forces
- Americans evacuated
- Germany calls on citizens to leave immediately
- Vets in Congress: "What was point of all that?"
- Oil soars
- Illegal aliens: the future of America -- President Obama, say what?
"So my [Obama] team is working around the clock to identify how we can provide the most effective assistance to them," Obama said. "I don't rule out anything because we do have a stake in making sure that these jihadists are not getting a permanent foothold in either Iraq or Syria, for that matter."
However, a senior administration official followed up by saying the use of American ground forces is not under consideration.
Earlier he ruled out air strikes, so that pretty much leaves the "sea." He's probably talking to his admirals now. I assume Chuck Hagel is in way over his head."No boots on the ground. Not being considered," the official said.
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