Monday, Part 3 -- February 9, 2015; 14/16 Bakken Wells Go To DRL Status

Initial production numbers for wells coming off the confidential list over the weekend/today have been posted; 14/16 Bakken wells go to DRL status (wells that reached total depth but are not yet fracked); OXY USA has another ... well, OXY USA well. 

Headlines without links:

• OPEC: "overflowing" oil supply is weighing on prices. 
• the oil "fear index" is at crisis levels
• the break-up? stocks, crude oil may call it quits
• Greece says restructuring debt, cutting surplus are non-negotiable
• "global warming" biggest science scandal ever
• official records systematically 'adjusted' to show global warming
• meteorologist ("I would like to buy a vowel"): 'in the business world, people go to jail for such manipulations of data'
• fierce Kennedy cold front slams New England, NY
•  Kanye West storms on stage; rants about Beck's surprise album of the year

Part 3 will have to wait. I'm down to very little battery power, and no charging cable with me.

For those of you who still have power, consider a look at this Oil Drum article, dated September 10, 2013. I will come back to it later.

On Saturday I mentioned that the NDIC mandated that Bakken crude oil be conditioned/reformulated to less than 14 psi (at almost a pound less than the Obama standard). A reader reminded me of a Reuters article we had posted some time ago, suggesting that conditioned/reformulated Bakken crude oil might meet the criteria necessary for export. The last paragraph in that story:

Quantum Energy Inc, a U.S. energy venture, said on Friday it plans to build a network of stabilizers and refining equipment that would produce fuel fit for export from North Dakota's Bakken oil patch, which churns out light crudes. 

If one searches the blog, one will find other stories on Quantum Energy in the Bakken.