Thirteen (13) New Permits -- North Dakota; Only Two Wells Coming Off Confidential List Tuesday -- September 15, 2014

Updates

September 16, 2014: an astute reader noted that CLR used all ceramic in the big well noted below. The reader suggested that using all ceramic made for a very expensive well. That would have been true in the "old days," and is probably still true, but one wonders with the high cost of transportation now, whether the full cost of sand vs ceramic is that big a deal. I don't know; just wondering.  (After the reader pointed out the "all-ceramic angle," I updated the original post below.)

Original Post 

Here's how to get everyone well past the minimum wage. When you get to this link, scroll down to the "workers wanted" sign. You might be surprised. Of course, regular readers won't be surprised.

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Note: follow-up on that "huge" well CLR is reporting near Divide County:

• 27545, 739, CLR, Knox 1-16H, Winner, middle Bakken at 9,655 feet; 30 stages; 3.4 million lbs sand + ceramic; t6/14; cum 33K 7/14; interesting: neither unusual number of stages OR unusual amount of proppant (all ceramic: 1,185,692 lbs of 40/70 ceramic & 2,262,574 lbs of 30/50 ceramic); geology report not yet filed. Production for first three months at this post.

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Active rigs:

	9/15/2014	09/15/2013	09/15/2012	09/15/2011	09/15/2010
Active Rigs	199	178	193	200	146

Wells coming off the confidential list today, this weekend, were posted earlier; see sideabar at the right.

Wells coming off the confidential list Tuesday:

• 26667, 563, Emerald Oil, Ty Webb 1-1-12H, Sheep Butte, t3/14; cum 32K 7/14;
• 27226, drl, Hess, BW-R Peterson-149-99-1102H-3, Cherry Creek,

Thirteen (13) new permits --

• Operators: Whiting (5), KOG (4), OXY USA (2),  Denbury Onshore, American Eagle
• Fields: Hay Creek (McKenzie), Nelson Bridge (McKenzie), East Fork (Williams), Manning (Dunn), Cedar Hills (Bowman), Colgan (Divide)
• Comments:

Two (2) producing wells completed:

• 26409, 1,964, BR, CCU Corral Creek 11-28MBH, Corral Creek, unitized, t8/14; cum --
• 26962, 1,283, BR, NOrman 11-4TFH, Fancy Buttes, 4 sections, t8/14; cum --

Fifteen permits canceled. EOG cancels four "Fertile" permits in 3-151-90. XTO cancels three Sorenson permits in 28-150-98. Samson Resources cancels five permits.

Operator transfer: five wells in Williams County from QEP to Triangle Petroleum.

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Putting The Bakken Into Perspective

ConocoPhillips to sell North Sea oil stake for $2B-$3B

• ConocoPhillips is auctioning its 24% stake in the Clair oil field in the U.K. North Sea and hopes to bring in $2B-$3B, FT reports.
• The project, which sits in Scottish territorial waters, is one of the U.K.’s most prized oilfields, and FT says COP's interest in exiting the project is a sign of the challenges facing the North Sea oil industry.
• Some campaigners for a Yes vote in Thursday’s referendum on Scottish independence have argued that Clair could generate income and tax revenues that would sustain Scotland’s public finances for decades, but industry sources have emphasized the technical difficulties of extracting the oil.
• BP is operator of the field and owner of a 28.6% stake; Royal Dutch Shell also owns 28.6%, while Chevron owns 19%.

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The Sting

Previously reported; this is another report. CNBC is reporting:

Up to 115,000 people stand to lose Obamacare health insurance coverage by Sept. 30, and another 336,000 people are at risk of losing federal subsidies to pay for that coverage, officials revealed Monday.

The 115,000 people failed to show valid proof of citizenship or legal residency for the insurance plans they bought through HealthCare.gov, a top federal official revealed Monday.

The IRS will go after those folks who lied about their incomes.