Sunday, May 24, 2015

Cenovus Energy / COP Oil Sands Project Shut Down In Canada -- Forest Fire -- May 24, 2015

Breaking news from Seeking Alpha:
  • Cenovus Energy has shut down operations at the 135K bbl/day Foster Creek oil sands project and Canadian Natural Resources closed its 80K bbl/day Primrose project after a forest fire broke out on the Cold Lake Air Weapons Range in Alberta.
  • CVE and ConocoPhillips each own 50% of Foster Creek, with CVE's share of the production representing 31% of total company-wide average oil output of 218K bbl/day; Primrose's production represents less than 10% of CNQ's total corporate output.
  • More than 7% of Canada's oil sands production has been shut down by the fire, which started Friday and is considered "out of control."

And Then There Was One -- May 24, 2015

The "MillionDollarWay" may be the only blog of its kind that is still reporting daily permitting in the Bakken. I see that that the "BakkenBlog" has discontinued "detailed" weekly permitting reports. Permits between 2009 and 2014 have been archived at the site.

A Note to the Granddaughters

The plan was to have the Memorial Day cook out at 4:00 p.m. At 3:00 p.m. a huge downpour with lots of thunder and lightning. But we pressed on. We moved the grill to the covered patio -- and that's why a lot of Texans end up burning down their homes. Of course, we ate inside. Turned out excellent.