The least stressed state was Minnesota, followed by North Dakota and Iowa. The states with lower stress levels were largely grouped in the upper Midwest and Northwest.For full report at originator -- WalletHub -- click here.
| 4/20/2017 | 04/20/2016 | 04/20/2015 | 04/20/2014 | 04/20/2013 | |
|---|---|---|---|---|---|
| Active Rigs | 49 | 28 | 92 | 188 | 185 |
| Oil Runs | MCF Sold | |
|---|---|---|
| 2-2017 | 14226 | 22434 |
| 1-2017 | 12693 | 16437 |
| 12-2016 | 1883 | 1589 |
| 11-2016 | 8639 | 7316 |
| 10-2016 | 1346 | 0 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 2-2017 | 34313 | 55712 |
| 1-2017 | 921 | 1826 |
| 12-2016 | 20884 | 19552 |
| 11-2016 | 4120 | 3593 |
| 10-2016 | 329 | 0 |
| Oil Runs | MCF Sold | |
|---|---|---|
| 2-2017 | 17561 | 25252 |
| 1-2017 | 12932 | 22137 |
| 12-2016 | 14175 | 57292 |
| 11-2016 | 8747 | 6123 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 2-2017 | 34324 | 48535 |
| 1-2017 | 30442 | 37652 |
| 12-2016 | 39411 | 36152 |
| 11-2016 | 30786 | 22775 |
| Oil Runs | MCF Sold | |
|---|---|---|
| 2-2017 | 17561 | 25252 |
| 1-2017 | 12932 | 22137 |
| 12-2016 | 14175 | 57292 |
| 11-2016 | 8747 | 6123 |
| Oil Runs | MCF Sold | |
|---|---|---|
| 2-2017 | 27537 | 35027 |
| 1-2017 | 30972 | 38933 |
| 12-2016 | 49936 | 50494 |
| 11-2016 | 5573 | 3740 |
The North Dakota Legislature has approved a bill clarifying that the state does not own minerals under Lake Sakakawea, setting up a process to return an estimated $187 million in bonus, rent and royalty payments.
Supporters of Senate Bill 2134 say it’s about doing the “right thing” for citizens who retained their minerals when they lost land for the construction of the Garrison Dam, which created Lake Sakakawea.
“We need to make sure that we get the mineral ownership back to the rightful owner,” said Sen. Jessica Unruh, R-Beulah. “We need to clarify what the state owns and provide clarity and certainty for our judicial system.”
I have a lot of problems with that last statement but not worth the effort to discuss it. I have no dog in this fight.But opponents of the bill say the primary beneficiaries are likely the federal government and the oil industry, which was heavily involved with developing the legislation.
The bill sets up a process to define the ordinary high water mark of the historic Missouri River channel as it existed before the Garrison Dam, starting with the 1950s survey of the river by the U.S. Army Corps of Engineers.
| 4/20/2017 | 04/20/2016 | 04/20/2015 | 04/20/2014 | 04/20/2013 | |
|---|---|---|---|---|---|
| Active Rigs | 49 | 28 | 92 | 188 | 185 |
U.S. oil and natural gas E&P companies, anticipating continuing low crude oil and natural gas prices, have been reshaping their portfolios to focus on a half-dozen top-notch resource plays whose production economics can hold up even if prices were to soften further. The biggest of these asset purchases and sales grab the headlines, but countless other, smaller-bite deals are having profound effects too. Taken together, this piranha-like devouring of E&P assets in the Permian, the SCOOP/STACK and other key production areas is transforming who owns what in the plays that matter most, and positioning a select group of E&Ps for success.
When considering the Diversified E&Ps on a company-by-company basis, ConocoPhillips stands apart from its peers, and not just because it is by far the largest in the group. ConocoPhillips also is an outlier because it had until recently been a major international, vertically integrated oil giant; it has since spun off its midstream and downstream assets to focus on the E&P side of things. Unlike the other diversified E&Ps, production growth has been on the bottom rung of the company’s priorities. That’s why it has been sharply reducing capital outlays—from $20.1 billion in 2014 to $11.8 billion in 2015, $5.2 billion in 2016 and $5.0 billion in 2017. ConocoPhillips also has been pursuing asset sales; in the last month, the company has been able to meet its three-year financial targets through $16 billion in proceeds from the sale of part of its Canadian oil sands portfolio, its Canadian Deep Basin gas assets, and its San Juan Basin gas assets. The downside of the sales is that the company has shed 25% of 2016 production. ConocoPhillips plans to spend the largest amount of its reduced capital budget in the Lower 48 states, with the Eagle Ford Shale getting the largest allocation (about 14% of total capex), followed by the Bakken (11%) and the Permian (6%). Prior to the announcement of these asset sales, the company had been expecting a 1% increase in production in 2017.Scott Adams: you don't have free will, but you might get it some day.
9762, A, North Range Resources, Sheep Creek Storm 2-1, Grassy Butte; first produced January, 1983; last production, April, 1986; now confidential again; no sundry forms since July 16, 1960; North Range has ten (10) permits/wells as of April, 2017; the two Sheep Creek Storm wells are on confidential status; five Placed wells have been discussed to some degree previously (one PNC; two on drl status; two confidential; all five in Rough Rider; all five vertical wells; #9762, a Madison well; cum 34K 4/86;
The Australian Energy Market Operator warned in March of a shortage set to hit eastern Australia just as the country becomes the world's top LNG exporter. At least one of the east coast LNG plants, Gladstone LNG (GLNG) - operated by Australia's Santos - is drawing gas out of the domestic market to help meet its export contracts.
The big concern is that the gas shortfall is fuelling price hikes, hurting households and manufacturers such as brick makers and fertiliser producers, who need gas for their operations.
Manufacturers are getting offers of gas for as much as A$16-A$22 ($12-$17) per gigajoule for one-year deals, up from A$6 a GJ in previous contracts.KMI: misses 1Q17 profit forecast. 18 cents adjusted to 17 cents; forecast for 18 cents. Revenue of $3.42 billion beat forecast of $3.15 billion.
