Reporting Wednesday -- January 21, 2015; Transcript Of Tonight's SOTU Speech

New permits --

• Operators: MRO (6), Missouri River Resources (2), Petro-Hunt (2)
• Fields: Reunion Bay (Mountrail), Squaw Creek (McKenzie), North Tioga (Burke)
• Comments: Circling the wagons. It was clear that Bakken operators began circling the wagons on Monday, January 19, 2015; Missouri River Resources has three permits in North Dakota; the ones today are #2 and #3; their first permit (#4168) was awarded in 1966, now AB;

One well was released from the confidential list today; it was posted earlier.

Well name change: CLR canceled two permits (Florida Federal and Alpha 7-14H) and Oasis is changing targets on four wells, including eliminating a "Hanover Federal T2" well and targeting the middle Bakken instead.

Two (2) producing wells were completed:

• 27361, 855, Emerald, Talon 7-9-4H, Charbonneau, t12/14; cum --  
• 27918, 1,167, Petro-Hunt, USA 153-95-4B-9-1HS, Charlson, 4 sections, t12/14; cum --

Active rigs:

	1/20/2015	01/20/2014	01/20/2013	01/20/2012	01/20/2011
Active Rigs	161	187	187	202	163

  
Wells coming off the confidential list Wednesday:

• 26309, 1,040, Hess, LK-Alwin-147-97-1324H-4, Little Knife, t12/14; cum --
• 26532, 1,508, Newfield, Rolfsrud State 152-96-29-32-1H, Westberg, t11/14; cum 22K 11/14;
• 28594, drl, Zavanna, Simmental 2-11 4TFH, Long Creek, no production data,
• 28640, A, CLR, Boise 3-24H1, Brooklyn, no IP; s6/14;
• 28741, drl, XTO, Johnson 24X-31A, Siverston, no production data,
• 28798, 52, Enduro, SSU 22-11H, Stoneview, a Stonewall well, t11/14; cum --
• 28814, 918, CLR, Brooks 2-4H1, Pembroke, t12/14; cum 2K 11/14;

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During the holidays, we visited the San Pedro (California) Marine Mammal Care Center, and saw their new addition to the "hospital" being built. The Press Telegram is reporting:

San Pedro’s Marine Mammal Care Center is set to open its new 300-square-foot enclosure Thursday.

And it’s coming just in time.

This year looks to be a repeat of 2013 and 2014, when starving sea lion pups turned up on beaches in large numbers, taxing the center’s space and resources. Actually, thus far, 2015 seems even worse.

For comparison, by this time last year, the center had admitted 24 animals, said David Bard, executive director of the Marine Mammal Care Center at Fort MacArthur in Angels Gate Park. So far this year, he said the center has brought in 48 animals for treatment.

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Now, Back To The Bakken

See disclaimer.

Dividends:
SLB increases it's quarterly dividend from 40 cents to 50 cents. Back in 2011, the dividend was 21 cents. 

Reporting tomorrow:
KMI, expectation 34 cents, after market close,
XLNX, expectation 61 cents, after market close,

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Bakken Economy

The Dickinson Press is reporting that Baker Hughes and Halliburton will lay off "thousands." I'm not sure if that qualifies as news.

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For The Archives: Tonight's SOTU Transcript