This Is Why The November, 2016, Election Is Important -- The Next Supreme Court Justice Likely To Tip Balance -- February 9, 2016

Reuters is reporting:

The U.S. Supreme Court on Tuesday delivered a major blow to President Barack Obama by blocking federal regulations to curb carbon dioxide emissions from power plants, the centerpiece of his administration's strategy to combat climate change.

On a 5-4 vote, the court granted a request made by 27 states and various companies and business groups to block the administration's Clean Power Plan. The move means the regulations will not be in effect while litigation continues over whether their legality.

The brief order from the justices said that the regulations would be on hold until the legal challenge is completed. The court's five conservatives all voted to block the rule. The order noted that the four liberals would have denied the application.

Are they liberals or progressives? I'm used to seeing them referred to as progressives. Whatever.

Depending upon the outcome of the November, 2016, election, I assume it's very possible the court won't have to rule on this issue. The appeals court still needs to rule, regardless. 

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Random Video of Williston

After eight years of the North Dakota Bakken boom, and billions of dollars spent in the local area, the south end of Main Street in Williston, North Dakota, hasn't changed all that much since I graduated from Williston High School:


South Main Street, Williston, North Dakota, February, 2016

Random Video Of The Hess SC-Norma/SC-Barney/SC-Gene Pads East Of Williston -- February 9, 2016

In a long note like this, there will be typographical and factual errors. If this information is important to you, go to the source. To the best of my knowledge, the video is of the wells listed below. I do not plan to update this page. The wells will be updated at the Truax oil field oil page.

Random Video of Oil Pads East Of Williston
Video of well pad in the Truax oil field, 7-154-98:

• 26936, 1,089, Hess, SC-Norma-154-98-0706H-5, t11/14; cum 134K 12/15; 
• 26937, 768, Hess, SC-Norma-154-98-0706H-4, t11/14; cum 82K 12/15; 
• 26938, 998, Hess, SC-Norma-154-98-0706H-3, t11/14; cum 102K 12/15;
• 26939, 654, Hess, SC-Norma-154-98-0706H-2, t11/14; cum 73K 12/15;
• 25285, 991, Hess, SC-Barney154-98-1819H-4, t11/13; cum 142K 12/15; only 9 days in 12/15;
• 25284, 1,108, Hess, SC-Barney 154-98-1819H-3, t11/13; cum 141K 12/15;  
• 25283, 998, Hess, SC-Barney 154-98-1819H-2, t11/13; cum 156K 12/15; only 21 days in 12/15; 

• 22945, 1,066, Hess, SC-Norma-LE-154-98-0706H-1, t10/12; cum 186K 12/15; only 17 days in 12/15; 

Farther in the distance:

• 29164, 896, Hess, SC-Norma-154-98-0706H-6, t6/15; cum 65K 12/15; only 8 days in 12/15; 10 days in 11/15; 18 days in 10/15;
• 29816, 1,354, Hess, SC-Norma-154-98-0706H-7, t5/15; cum 110K 12/15; only 8 days in 12/15; only 22 days in 11/15; 
• 29817, 737, Hess, SC-Norma-LE-154-98-0706H-8, t6/15; cum 49K 12/15; only 11 days in 9/15;only 18 days in 10/15;
• 29818, 915, Hess, SC-Norma-LE-154-98-0706H-1, t5/15; cum 84K 12/15; only 20 days in 10/15;
• 29165, 739, Hess, SC-Norma-LE-154-98-0705H-2, t5/15; cum 52K 12/15; only 19 days in 10/15;
• 29166, 988, Hess, SC-Gene-154-98-0805H-2, t4/15; cum 81K 12/15; only 5 days in 11/15;

At the beginning of the video:

• 19481, 1,094, Hess, Barney 18-1H, t1/12; cum 254K 12/15; 

• 28410, 527, Hess, SC-Barney-154-98-1819H-5, t12/14; cum 56K 12/15;
• 28411, 1,070, Hess, SC-Barney-LE-154-98-1819H-1, t1/15; cum 104K 12/15;
• 28412,  402, Hess, SC-JCB-154-98-1720H-2, t2/15; cum 44K 12/15; only 16 days in 11/15;

Another short video taken from the same location:

About Twelve Miles East Of Williston, Just North of State Highway 1804

Mike Filloon's Update On The Bakken -- February 9, 2016

Mike Filloon with a Bakken update, dated February 8, 2016. Archived.

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SolarCity

After SolarCity reported 4Q15 earnings:

• Press release.  
• Plummets in after-hours trading on 4Q15 weakness, weak 1Q16 guidance (and this is after tax credits were extended).
• SolarCity plunges 24%: 1Q16 forecast deep than expected (and this is after tax credits were extended).
• Bloomberg: SolarCity panel installs to fall amid shift away from growth (and this is after tax credits were extended).
• Reuters: SolarCity posts profit as panel installations rise. See Bloomberg above. 
• MarketWatch: SolarCity shares plunge more than 20% after results.
• 24/7 Wall Street: SolarCity stock outlook crushes stock.  

Tesla reports tomorrow after market close; forecast is for earnings at 8 cents/share. Previous quarter:

TSLA: for 3Q15 -- forecast a loss of 50 cents; AP story here; loss at 58 cents is bigger than expected; but deliveries better than expected and TSLA surges 7% in after-hours trading;

Active Rig List At New Post-Boom Low (40); Oasis With Three Nice Wells; Halcon WIth One; Four More Bakken DUCs Likely -- February 9, 2016

Active rigs:

	2/9/2016	02/09/2015	02/09/2014	02/09/2013	02/09/2012
Active Rigs	40	137	192	185	203

Two (2) new permits --

• Operator: XTO
• Field: Siverston (McKenzie)
• Comments:

Two (2) producing wells completed:

• 29493, 1,489, XTO, Rita 44X-34BXC, Tobacco Garden, t1/16; cum --
• 30203, 348, BR, Lovaas 8-1-1MBH, Blue Buttes, 33-053-06553, target a 20-foot zone; flares as high as 15 feet; gas shows as high as 2,010 units; from FracFocus: 11 million gallons water; proppant, 4.3%, water 94.9% by mass; t1/16; cum -- 

Wells coming off confidential list Wednesday:

• 29242, 998, Oasis, Kline Federal 5300 11-18 5B, Baker, t8/15; cum 53K 12/15; only 17 days in 11/15;
• 29244, 465, Oasis, Kline Federal 5300 11-18 3T, Baker, t8/15; cum 17K 12/15; only 19 days in 12/15;
• 29334, 661, Oasis, Kline Federal 5300 11-18 2B, Baker, t9/15; cum 42K 12/15; 24 days in 12/15;
• 30679, 499, HRC, Fort Berthold 147-94-1A-12-10H, McGregory Buttes, t8/15; cum 40K 12/15;
• 31095, SI/NC, XTO, Nordeng 34X-23F, Siverston, no production data,
• 31423, SI/NC, Hess, AN-Evenson-LE-152-95-0310H-1, Antelope, no production data,
• 31584, SI/NC, Statoil, Jack 21-16 XW 1H, East Fork, no production data,
• 31662, SI/NC, Hess, AN-Evenson-152-95-0310H-13, Antelope, no production data,

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30679, see above, HRC, Fort Berthold 147-94-1A-12-10H, McGregory Buttes:

Date	Oil Runs	MCF Sold
12-2015	13760	9497
11-2015	11015	8468
10-2015	2363	1493
9-2015	7695	7350
8-2015	4463	5864

29334, see above, Oasis, Kline Federal 5300 11-18 2B, Baker:

Date	Oil Runs	MCF Sold
12-2015	12017	12017
11-2015	10784	0
10-2015	15691	1144
9-2015	3363	601

29244, see above, Oasis, Kline Federal 5300 11-18 3T, Baker:

Date	Oil Runs	MCF Sold
12-2015	2364	3149
11-2015	5547	5113
10-2015	5234	8532
9-2015	2664	1197
8-2015	1519	1192

29242, see above, Oasis, Kline Federal 5300 11-18 5B, Baker:

Date	Oil Runs	MCF Sold
12-2015	12490	15558
11-2015	7970	4598
10-2015	11589	11423
9-2015	18095	4015
8-2015	3010	2318

The Red Queen Refuses To Get Off The Treadmill; Saudi Can't Push Her Off -- February 9, 2016

Updates

February 11, 2016: see IEA tweet below. Now EIA is reporting: initial production rates in tight oil formations continue to rise. At the link, one can toggle among the various shale plays. This is a screen shot of the Bakken play:

Regular readers are aware of this and understood what is going on in the Bakken.
 

Original Post 

Tweeting now: IEA says fall in US shale output taking longer than expected, with oil production expected to rise 20,000 b/d to 12.43 mil b/d for 2016.

"Longer than expected"? The Saudi surge/slump "officially" began October, 2014. That's almost 18 months ago. 

What we will be talking about Wednesday: Biden and Bloomberg. What will happen: Bloomberg jumps in before end of February.