Location Of Jamestown Plastics Plant To Be Delayed -- March 2, 2015; Eight (8) New Oil & Gas Permits In North Dakota

Update on the plastics plant to be built in Jamestown, from The Jamestown Sun:

Decisions on the potential location of a $4 billion plastics plant are likely to be delayed until later this year, according to Shane Goettle, project consultant for Badlands NGL.

Badlands NGL announced its intention to build the factory in October. The company indicated it wanted to build the plant outside the Oil Patch and that it intended to reach a decision on a location by the first quarter of 2015.

Earlier post here.

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A Squeaker 

Quite a squeaker -- barely closed above 5,000. But the real story is how much the NASDAQ gained in one day to put it solidly above 5,000 -- almost 1%.

Yahoo!Finance is reporting that the NASDAQ bull has room to run:

Part of Najarian’s bullish stance ties into the smartphone explosion. “That connectivity is really key to a lot of what’s driving the Nasdaq,” observes Najarian. Apple’s iPhone is an obvious driver, along with the companies that manufacture memory.  “The SanDisks of the world with the solid state memory and flash memory, that’s huge.  Every cell phone is packed with it, every iPad or [Amazon’s] Fire HD tablet is packed with that stuff.”

The wireless revolution is just part of the story.  The functionality of the internet is another driver. “In 2000, we were doing $4 billion worth of business online.  Now the number is in the hundreds of billions of dollars,” says Najarian, who predicts continued growth as the world moves towards being 100% mobile. “Instead of you being tethered to your desk, walking around with the same kind of computing power now that you had on a desktop in 2000, that’s huge.  It's great for those retailers.  It's great for Uber, Facebook and Tinder.”

Also, there's something called momentum and euphoria and greed. The analogy is when the lottery hits $500 million -- "everyone" starts buying lottery tickets. Same with the market: on a bull run like this a lot of retail investors are jumping in. Worse, a lot of fund managers are jumping in -- they don't want to be seen as missing a bull market.

See disclaimer. This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or think you may have read here.

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Active rigs:

	3/2/2015	03/02/2014	03/02/2013	03/02/2012	03/02/2011
Active Rigs	119	192	184	205	168

Eight (8) new permits --

• Operators: XTO (4), BR (2), Slawson (2)
• Fields: Siverston (McKenzie), Elidah (McKenzie), Big Bend (Mountrail)
• Comments:

Wells coming off the confidential list this weekend, Monday were posted earlier; see sidebar at the right.

Eleven (11) producing wells completed:

• 26064, 1,516, XTO, Arley 21X-18E, Grinnell, t1/15; cum --
• 26670, 415, Cornerstone, Martinsen D-3427-6191, Little Butte, t11/14; cum 33K 12/14;
• 27351, 975, Hess, GN-Beulah-158-98-0508H, Rainbow, t2/15; cum --
• 27603, 1,824, BR, Bullrush 34-10MBH-A, Elidah, t2/15; cum --
• 27786, 724, XTO, Ernest 31X-19D, Haystack Butte, t1/15; cum --
• 27886, 273, Hess, BW-Kraetsch-149-99-1423H-4, Cherry Creek, t1/15; cum --
• 28325, 1,273, Hess, EN-Freda-154-94-2635H-4, Alkali Creek, t2/15; cum --
• 28396, 754, XTO, Ernest Federal 31X-19G, Haystack Butte, t2/15; cum --
• 28397, 519, XTO, Ernest 31X-19H, Haystack Butte, t2/15; cum --
• 28412, 402, Hess, SC-JCB-154-98-1720H-2, Truax, t2/15; cum --
• 28576, 518, Hess, EN-Fretheim A-155-93-3334H-4, t2/15; cum --

The following wells are on the "plugged or producing" list:

• the three WPX Kale Bad Brave wells
• two more Hess HA-Swenson wells
• two more Whiting Tarpon Federal wells 

Wells coming off the confidential list Tuesday:

• 25584, drl, Whiting, Moccasin Creek 14-33-28-3HS, Moccasin Creek, no production data,
• 27364, 822, EOG, Parshall 76-22H, Parshall, t9/14; cum 50K 1/15;
• 27365, 907, EOG, Parshall 77-22H, Parshall, t9/14; cum 44K 1/15;
• 27627, drl, Hess, EN-Farhart-156-93-0409H-2, Baskin, no production data,
• 27901, drl, XTO, Van Dyke Federal 44X-19B, Bear Den, no production data,
• 28752, 490, Hunt, Blue Ridge 159-100-4-9H-1, Green Lake, t10/14; cum 18K 1/15;
• 29036, drl, CLR, Stangeland 2-7H, Crazy Man Creek, producing,
• 29113, 1,284, Newfield, Helsingborg Federal 153-96-22-27-2H, Sand Creek, t12/14; cum 28K 1/15;

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27364, see above, EOG, Parshall 76-22H, Parshall, huge well, but unusual production profile,

Date	Oil Runs	MCF Sold
1-2015	4441	2698
12-2014	4637	2156
11-2014	10221	5366
10-2014	18211	7733
9-2014	12112	2844

27365, see above, EOG, Parshall 77-22H,  Parshall, huge well, but unusual production profile,

Date	Oil Runs	MCF Sold
1-2015	4679	2179
12-2014	4072	1623
11-2014	5472	2341
10-2014	16598	6572
9-2014	12716	3276

29113, see above, Newfield, Helsingborg Federal 153-96-22-27-2H, Sand Creek:

Date	Oil Runs	MCF Sold
1-2015	23094	22225
12-2014	4605	1849