Source:
http://www.visualcapitalist.com/u-s-interstate-highways-transit-map/.
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The Energy And Market Page
Xcel split? Xcel Energy may split subsidiary for Minnesota, North Dakota.
Xcel Energy
has proposed splitting its utility operations in North Dakota and
Minnesota, telling regulators that widening policy differences between
the two states over clean energy have caused stresses that might best be resolved through a breakup.
But a consultant for the North Dakota Public Service Commission
is arguing against the separation, saying there would be "no long-term
benefits" for North Dakota, only a "substantial likelihood" of higher
costs for customers. [Which customers?]
Minneapolis-based Xcel Energy has long had a single subsidiary for
its electrical and gas businesses in the two states, Northern States
Power Company-Minnesota. Xcel says it's been a successful arrangement
for nearly a century, but the policy priorities of the two states began
to diverge almost two decades ago, and the best alternative may be a
North Dakota subsidiary that wouldn't be subject to regulatory decisions
by other states.
Xcel serves around 93,000 electric and 24,000 gas customers in the
Fargo, Grand Forks and Minot areas of North Dakota, making it the
largest utility in the state. But Xcel says its North Dakota customers
consume only about 5 percent of the total load on its upper Midwest
system, compared with 75 percent for Minnesota, 15 percent for
Wisconsin, with South Dakota and Michigan making up the rest.
Altogether, the five-state system serves over 1.6 million customers.
In response to Minnesota's push for cleaner energy, Xcel is phasing
out two older coal-fired generators at its big Sherco power plant in
Minnesota and has been investing heavily in wind, solar and biomass
power. But that shift away from carbon fuels toward renewables comes
with costs that Xcel has sought to pass along to customers, leading to
pushback from regulators in North Dakota, a major oil, gas and coal
producer.
The market. Wow, this market won't quit. All four major indices are up, which I assume means new records are being set. And WTI is up almost 3% on "talk."
NYSE: 191 issues setting new highs, including
BP; CAT;
CVX (whoo-hoo!); D. R. Horton; KB Home;
Oasis Midstream Partners; Wal-Mart;
Phillips 66:
announces share repurchase program worth $3 billion.
OPEC begs US shale producers to cut production. Yes, that was the headline, "begs." The article actually said OPEC "called on" US shale producers to help OPEC; not sure if the word "begs/begs" was in the story. We talked about this before. Not sure if OPEC understands how "free markets" work. Scary to think Saudi Arabia will IPO an oil company if that's how they think free markets work.
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The Bakken
Active rigs:
| $50.94↑↑ | 10/10/2017 | 10/10/2016 | 10/10/2015 | 10/10/2014 | 10/10/2013 |
|---|
| Active Rigs | 57 | 32 | 68 | 190 | 185 |
Four new permits:
- Operators: EOG (3); Petro-Hunt
- Fields: Stanley (Mountrail); Charlson (McKenzie)
Comments: Petro-Hunt has a permit for a Van Hise Trust well in SWSW 28-153-95, Charlson oil
- field
One producing well (DUC) reported as completed:
- 30285, 1,200, XTO, Stenehjem 31X-28D, Siverston, t8/17; cum 9K in first 19 days;
Fifteen permits renewed:
- Newfield (6): three Sturgeon permits; three Schneiderman permits; all in McKenzie County
- Enduro Operating (4):four NSCU permits in Bottineau County
- Petro-Hunt (3): three Clark Griswold Federal permits in McKenzie County
- Hunt (2): two Halliday permits in Dunn County
Three permits canceled:
- Petro-Hunt: three Mortimer Duke permits in McKenzie County
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Lake Bowman, Glacier National Park
