Wednesday, August 7, 2019

Caliber Midstream Acquires North Dakota Assets From American Midstream -- August 7, 2019

A reader alerted me to this link, a press release: other than the headline, not much real data provided. Data points:
  • acquisition links to regional/inter-state pipelines
    • Tesoro High Plains Pipeline
    • Energy Transfer Dakota Access Pipeline (DAPL)
  • acquired 47 miles of pipeline along with related facilities
  • with this acquisition, Caliber now owns/operates 368 miles of pipeline across four service lines in McKenzie County
  • Caliber will add 11 more miles to its gathering and transmission system by year end
For newbies: there are four main counties, right now, in the Bakken:
  • McKenzie County, perhaps the most active county, centered around Watford City
  • Mountrail Country, where it all started with the prolific Sanish and Parshall oil fields (EOG and Whiting); certainly not as active as it once was but will get active when price is right
  • Dunn County, the Fort Berthold Indian Reservation, and WPX; active; huge wells
  • Williams County: a mix of great locations, less-than-great locations; activity varies; centers around Williston; Tioga, the "oil capital" of ND is also in Williams County
  • but of the non-BLM-dominated areas, the county that needs the most pipeline is probably McKenzie County
  • there is activity in other counties (e.g., Divide and Burke) but most of the current activity is in four counties that total about 8,000 square miles, or roughly 5 million square acres, which converts to about 4,000 standard 1280-acre spacing units.
Comparing size of counties, first the Permian, in square miles, TX:
  • Ward County: 836
  • Winkler: 841
  • Ector County: 902
  • Midland: 902
  • Reeves: 2,642  
  • Pecos: 4,765
New Mexico (Permian):
  • Eddy County: 4,200 square miles
North Dakota:
  • Williams County: 2,148 square miles
  • McKenzie County: 2,861 
  • Mountrail County: 1,942
  • Dunn County: 2,082
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The Book Page

I returned the two library books I had checked out, due tomorrow, and checked out a new one.

This will be a quick read: Chasing the Moon: The People, The Politics, and the Promise That Launched America into the Space Age, Robert Stone and Alan Andres, c. 2019 (50th anniversary, of course).

The big question / answer I'm looking for: how much did JFK know when he made his famous speech about landing a man on the moon and safely home again? How did he know it was feasible, technically, financially, and politically. And of the three could have precluded the outcome.

As an example: the bullet train in California:
  • probably technically feasible;
  • we're finding out that it's not financially doable; and, 
  • if not financially doable, the politics become much harder. 
Or, in a more snarky vein: JFK convinced Americans we could go to the moon; Jerry "Moonbeam" Brown couldn't even convince Californians the "need" / feasibility of a bullet train that is commonplace in Japan and China.

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