Updates
January 10, 2015: The Bismarck Tribune is reporting:
A temporary exemption from state natural gas flaring rules was granted Friday by the North Dakota Industrial Commission to an operator completing work on a natural gas processing plant and gas-gathering system.
Commissioners unanimously voted in favor of the exemption for Denver, CO-based Zavanna LLC. The company is the majority partner in a joint venture with Westminster, CO-based Flatirons Field Services, called 1804 Ltd.
Helms said 1804 Ltd. has nearly completed a natural gas processing plant about 7 miles northeast of Williston. The plant has a 64-mile underground natural gas gathering system in place.
The reason for the exemption, Helms said, is to allow the company to purge its gas-gathering system prior to starting the $90 million gas plant.
Helms said the exemption would allow the company to flare until March 31 or until the plant starts up, whichever comes first.
The plant was originally scheduled to come online by the end of September but delays in the delivery of some parts for the plant pushed back the gathering system purge, according to Helms, who said, once the plant goes online, wells flaring in a six township area around the plant would all be able to connect to the gathering system. The amount of gas being flared in the area is approximately 33 million cubic feet per day.
Original Post
Meeting gas capture targets is taking center stage for many oil and gas operators in North Dakota, and one small operator in the Williston Basin chose to tap into a venture to tackle the flaring challenge.
As part of its strategy, Denver-based Bakken operator Zavanna LLC has developed a joint venture with Flatirons Field Services to build a 45 million cubic feet per day gas processing plant seven miles northeast of Williston.
Flatirons Field Services, a midstream company also based in Denver, was formed in 2012 by founders of the former Western Gas Resources which serviced North Dakota when vertical wells were being drilled in the state.
This is Flatiron’s first project in the Bakken and the company expects the plant to be operational by December. Capacity could expand beyond 45 million cubic feet per day based on Zavanna’s processing needs.
As Petroleum News Bakken reported in the Oct. 19 edition, Zavanna is an anchor customer for ARM Midstream’s planned Williston Basin crude oil gathering system.
In August, Zavanna ranked 24th among the top 50 Bakken oil producers in North Dakota for operated, non-confidential wells with an average output of 6,410 barrels per day according to the latest data available from the North Dakota Department of Mineral Resources.It's hard to believe that Google has a satellite view of something so recent, so I have my doubts this is it but it is about seven (7) miles northeast of Williston. Based on satellite views of 100-million cfd NG plants, this seems about the size one would expect for a 45-million cfd facility:
This is on 131st Avenue Northwest, just south of the intersection of 131st Avenue NW and 57th Street Northwest (County Road 6). If you want to explore the map on your own, plug in coordinates: 48.229952, -103.519264.
A big "thank you" to a reader for sending me the link.
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For Investors Only
Trading at new highs today: AAPL, BRK.A, BRK.B, EEP, EEQ, UNP.
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Watch That First Step (Their Headline, Not Mine) -- Deductibles Will Getcha
The often-steep Obamacare deductibles, which are on top of monthly premiums that customers have to pay to have insurance, can come as a surprise to enrollees. [Especially since many folks a) don't understand insurance [any kind of insurance]; and, b) don't know how to spell or pronounce "deductible."
"You're paying a lot of money for health insurance and then you go to use it, and then you say, 'OK, until this deductible is satisfied, I might be paying completely for doctor and specialist visits?'" he said.
The average deductible for an individual enrolled in a bronze plan in 2015 will be $5,181, or $100 more than 2014 limits. For families in bronze plans, the deductible next year will be $10,545, or $159 more than this year.Yes, you read that correctly. A family paying monthly premiums for health care with the "most affordable ObamaCare plan" will have to pay more than $10,000 before their health care kicks in. I haven't read the small print, so there may be different interpretations, but that's how I define a "deductible" and that's what the author of the article suggests.
The good news: it's easy to sign up for ObamaCare.
ObamaCare's official name, I am often reminded by readers, is the Affordable Care Act.
As noted earlier, investors in health insurance companies are going to do very, very well. This is another article, by the way, that was not published before the election. But mainstream media is now setting the stage to move POTUS off-stage (he's already STAGE LEFT) to make room for the newly annointed.
Remember: This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or what you think you may have read here. Make no travel plans based on what you read here. I post quickly and frequently; typographical and factual errors are likely. If this information is important to you, go to the source.
It would be interesting know what the deductibles are in the National Health System (British).
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Switching Gears
Now that the unnamed autumn 2014 polar vortex is winding down, time to move to the next subject that will last about as long, and generate as many headlines: the Ferguson Fiasco.
And so we begin:
- FBI sends 100 agents to Ferguson ahead of grand jury decision
- Prosecutor preparing news conference to announce
- Safeguards in place to protect identity of jururs
- School district cancels classes
- US Attorney General Eric Holder tells "law enforcement to behave"
- Ferguson protestors erupt, want officer Wilson dead
- Police families go into hiding
- Michael Brown's father asks for calm
In the Ferguson case, we already know who will get credit for containing it.
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