Tuesday, September 23, 2014

Packin' Up and Goin' Home; Winter's Coming -- Active Rigs Down To 194 In North Dakota; 5/7 Wells Go To DRL Status Wednesday; Starbucks In Williston? Cash Wise Grocery Coming To Dickinson -- September 23, 2014

This could be the "Bakken Economy" story of the year: there are reports that a Starbucks is coming to Williston. I believe Minot has 1; Bismarck has 4; Dickinson, 0. See comments; it looks like it will be located very near where Applebee's is; perfect location.

The earlier post regarding "field development" and the question Jane Smith asked has been updated with a great explanation to her question. 

Active rigs:


9/23/201409/23/201309/23/201209/23/201109/23/2010
Active Rigs194187185195142

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

Wells coming off the confidential list Wednesday:
  • 25173, drl, WPX, Morsette 35-26HZ, Spotted Horn, no production data,
  • 25174, drl, WPX, Morsette 35-26HD, Spotted Horn, no production data,
  • 26067, 780, Whiting, Oukrop 24-34PH, St Anthony, t3/14; cum 24K 7/14;
  • 26068, 725, Whiting, Oukrop 44-34PH, St Anthony, t3/14; cum 24K 7/14;
  • 26683, drl, HRC, Hagbos 2-25-36H, Stockyard Creek, no production data, in a sundry form received in August, 2014, things seem back on track, but there may have been some hiccups in drilling this well;
  • 27624, drl, SM Energy, Dixie 12X-35H, Camp, no production data,
  • 27910, drl, Hess, LK-M Elisabeth-LW-147-97-1522H-1, Little Knife, no production data,
Six (6) new permits --
  • Operators: XTO (4), Whiting, KOG
  • Fields: Tobacco Garden (McKenzie), Sanish (Mountrail), Poe (McKenzie)
  • Comments: the four XTO permits will be for wells on one pad
One (1) producing well completed:
  • 26407, 1,884, BR, Raider 31-5TFH, Corral Creek, t8/14; cum --
This is interesting: operator transfer, almost a page and a half, from HRC to Energyquest II, LLC. I had not heard of the latter company, but it has been in North Dakota for decades (or at least it has wells dating from decades ago). The transferred wells were all in Bottineau County and Renville County, certainly not in HRC's "prime" locations

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Cash Wise Grocery

The Dickinson Press is reporting that Cash Wise will be coming to Dickinson. Cash Wish now has stores in Williston, Tioga, Stanley, Watford City, and Minot.  Cash Wise did not have any stores in this part of the state prior to 2012, prior to the Bakken boom.

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Fifth Inning

Extremely poor quality video and audio but great for the memories. Texas Rangers slip by the Houston Astros 4 -3. We were sitting in the "All You Can Eat Corner." The seats were selected by the younger granddaughter -- who is about as slender as one can be -- who had a hot dog, peanuts, some popcorn, a large drink, and Cotton Candy. Their dad, working late that night, watched the first four innings before having to go back to work.

Deep in the Heart of Texas
 
The highlight of the game was seeing Guilder Rodriguez get his first MLB hit. I knew it was a big deal for the fans last night but did not know it had national interest. It was at the bottom of the national news on both NBC and ABC. ESPN is reporting:
This was a rare treat for a baseball team that's been on hard times for the bulk of the season.
Guilder Rodriguez, a career minor leaguer, got his second big league start on Monday night for the Texas Rangers and delivered for his dad by getting his first big league hit, RBI and run scored in a 4-3 win over the Houston Astros.
Rodriguez, 31, was excited about the opportunity to play because his father, Guillermo, hadn't seen him participate in a baseball game in the States since Low-A ball in 2004.
Yeah, 2004.
The biggest hit of the game came from Rodriguez who singled over the head of shortstop Jonathan Villar for his second hit of the game, breaking a 3-3 tie in the bottom of the seventh inning.
"This is one of the best moments of my life," said Rodriguez, who ended an 0-for-6 spell.
"My first big league hit, my first RBI, my father in the stands, my wife. This is my second-best moment, after my two daughters were born."
Rodriguez has played for just two organizations, Milwaukee and the Rangers. His home ballpark has been in minor league cities such as Helena, Beloit (where his dad saw him), Huntsville, Frisco, Oklahoma City and Round Rock. He's played in the Dominican Republic when the season was over, where his dad would travel from Venezuela to see him.
He was in in the minor leagues for 13 years. 

13 comments:

  1. k-mart out and cashwise in for Dickinson. Williston is getting its first Starbucks! :)
    http://www.willistonherald.com/news/whc-requesting-starbucks-land/article_28db1b30-4350-11e4-b416-fb5d48edac85.html

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    1. Starbucks in Williston? Can this be for real? I've made three cross-country trips from Dallas to Williston in the past 9 months or so. I was thinking of a fourth in late October; it looks like this clinches it. Wow, what a story. Thank you.

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  2. according to the address, it would be located by Applebees just a block north of 26th.

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  3. A Starbucks for Williston is great news. I was a little surprised by the location though. Kind of out of the way. But it will be probably the 1st of a couple I'm sure. Once the Sand Creek Towne Center area starts to develop, I'm guessing we will see one up there as well. By the way, Minot did just get their 2nd Starbucks. It opened along highway 2 by the mall.

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  4. Halcon went from 142k acres in the Bakken / Three Forks to currently having 131K acres... I spoke with IR at company and they said they sold the acres, this was never announced via a press release. It appears this may be aftermath of the sale ... just a guess. These are acres in counties Halcon was not drilling in anyway. Halcon stock is down over 40% in past couple months, instead of crying I have been buying, of course I wish would have sold in the 7's in July. They are knocking ball out of the park in Fort Berthold with all wells now at 1 million EUR and 100% plus ROI.

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    Replies
    1. Great note. Thank you. If these companies can survive these downturns, they have great potential; I see this as a buying opportunity.

      I can't say much more (I wish I could) but this is not an investment site and I am not allowed "to go down that road," though I wish I could.

      This year's share price action for CRR reminds me why I don't want to get into being seen as an investment site.

      Having said all that, I love to follow Halcon, and am very much aware of their huge Fort Berthold wells. Selling that Bottineau/Renville County acreage was one of the better things they ever did -- from what little I know about it. Good luck in your investments. Stay diversified and don't bet the family farm.

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    2. By the way, thank you with regard to that tidbit on Halcon going from 142K to 131K. I updated that on my "Snapshot" page.

      http://themilliondollarway.blogspot.com/p/western-union.html

      The "Snapshot" page is not always kept up to date, but it certainly provides a quick historical look of operators in the Bakken. It's not definitive but it will help historians go back and sort out the pieces; a place to start if nothing else.

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  5. minot has 4 starbucks. 1 downtown, 1 by panera bread by the old walmart that turned into kohls and hobby lobby, the last one is in barnes and noble. just to be clear... msu , barnes and noble sell starbucks coffee.

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    1. Thank you. We have same "problem" here in Texas. The Starbucks webpage apparently only shows free-standing Starbucks, not all the Starbucks tucked away in bookstores, Target, etc. I pass five or six Starbucks every day riding my bike to a free-standing Starbucks, and the webpage shows only one in my suburb. And then "no one" knows about the local library with a Starbucks "bar." I used the Starbucks webpage to find the number of Starbucks. I bet Starbucks is even surprised how many coffee shops they have and don't know it.

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  6. Not to stir the pot, but... we are talking about Starbuck corporate stores. Minot has 2 official Starbucks stores where the employees are employed by Starbucks. Bismarck had 3. Bismarck also has starbucks in Barnes & Noble, hospitals, even a wedding caterer sells starbucks at weddings...but none of them are Starbucks corporate stores. The employees at the Starbuck coffe bars in Barnes and Noble are employees of Barnes and Noble. Just as the employees at the colleges Starbuck bars are employees of the Universities Student union.

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    1. That is exactly correct. When I go next door to the Starbucks in the grocery story, they tell me they are employees of the grocery store. When I go to Starbucks at Target, they tell me they work for Target, not Starbucks. And it goes on and on and on. I know I can stop at more than 10 Starbucks stores in bicycling range every day, and they all have free wi-fi, and they all take the Starbucks card, but only one is a free-standing corporate store, and only one shows up on the Starbucks website map.

      Thank you for helping clarify. I assume the Starbucks going into Williston will be a corporate, free-standing store. And then, maybe Williston State College and the hospital will have a Starbucks presence.....

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