Reader Questions Selling / Buying Acreage In The Bakken -- January 20, 2015; The UK Could Be Out Of Natural Gas By April

 Updates

Later, 7:47 p.m.: one reply posted over at the discussion board; should be helpful. 

Original Post
 

A reader has a question about selling / buying acreage in the Bakken right now, over at the Discussion Group.

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In Other News

US State Advisory.

Someone must have noted that Christiane Amanpour is flying into Tripoli later this week.

Or even worse, John Kerry is due to arrive in Tripoli to sing the duet, "You've Got A Friend" with James Taylor.

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And, Still, In Other News

Bakken.com is reporting:

Even though this winter has provided areas around the world with above-normal temperatures, serious concerns regarding the United Kingdom’s natural gas supply have arisen.

The U.K.’s natural gas storage has hit its lowest level since 2011.  As of January 16^th, the storage unit’s natural gas inventory was at 3.34 billion cubic meters.  Some are fearing a repeat of winter 2012-2013 when freezing air and a higher demand for heat almost emptied the entire natural gas storage reserve.

According to Bloomberg, these events helped increase natural gas prices in the U.K.  On January 16^th, the February U.K. natural gas contract price was 45.75 pence a therm, equivalent to $7.13 per million British thermal units.