Ten (10) New Permits -- North Dakota; Dickinson Airport Update; Oil Closes Higher Last Day Of The Week -- September 26, 2014

The Dickinson Press is reporting more federal (free) money for Bakken airports:

Dickinson’s only airport is too small and handles too many passengers, those who operate the facility said Thursday.

However, updates to the Dickinson Theodore Roosevelt Regional Airport could cost up to $150 million, according to the facility’s master plan, and North Dakota and local leaders said it needs to plan for more unexpected growth.

The biggest hurdle will be determining the fund shares between federal, state and local governments. The FAA has awarded the authority with more than $1.9 million, which Hoeven advocated for on the airport’s behalf.

Construction is not expected to begin until 2017, though that is “an aggressive goal,” Schauer said. Updates would take five to six years.

 ***********************************

Crude Oil Prices

Crude oil climbed higher despite a stronger dollar index. The energy component gained strength on this morning's Q2 GDP data that showed the best quarterly increase in GDP since 4Q2011. Prices rose as high as $93.86 and settled 1.1% higher. Today's advance brought gains for the week to 2.2%.

********************************** 

Canadian Natl Rail: Northern Frac Proppants II the latest frac-sand producer to open new plant on CN's Wisconsin rail network; CN is on track to generate 2014 frac-sand revs of CAD300 mln - a year ahead of schedule: Co reported the opening of Northern's new state-of-the-art frac- sand production plant at Alma Center, Wis. CN now serves 13 frac-sand mines with more than 10 million tons of annual production capacity. Northern's production facility, located on CN's rehabilitated Whitehall Subdivision, will have an annual production capacity of one million tons of high-grade sands.

• "Our unique frac-sand franchise and end-to-end service focus are paying off and should help us generate C$300 million of frac-sand revenues in 2014 -- a full year ahead of CN's 2015 C$300 million target -- on roughly 82,000 carloads of product. This would represent a strong increase over 2013 revenues of C$200 million on 55,000 carloads of frac sand."

This is not an investment site. Do not make any investment or financial decisions based on what you read here or think you may have read here.

********************************** 

Friday's Daily Activity Report

Active rigs:

	9/26/2014	09/26/2013	09/26/2012	09/26/2011	09/26/2010
Active Rigs	190	184	187	191	141

Wells coming off the confidential list today were posted earlier; see sidebar at the right.

Ten (10) new permits --

• Operators: Enerplus (4), BR (2), EOG (2), Hess, OXY USA
• Fields: Spotted Horn (McKenzie), Corral Creek (Dunn), Parshall (Mountrail), Sandrocks (McKenzie), Manning (Dunn)
• Comments: