Joan Jett and the Black Hearts to Play at 4 Bears Casino, New Town, North Dakota

May 20, $35.


I Love Rock and Roll, Joan Jett



I Hate Myself For Loving You, Joan Jett (no video)

Final Honor Flight Scheduled

Link here. Regional links break often and break early.

The fifth and final flight from Bismarck of World War II veterans leaves Friday morning for Washington, D.C., to visit the World War II Memorial and other national monuments.

Roughrider Honor Flights from Bismarck have escorted more than 500 World War II veterans on the two-day trips, and this final flight will complete the waiting list, according to Honor Flight committee chairman Kevin Cramer.

My father was one of the 500 to have been honored with this flight. He said the trip was absolutely incredible, one of the best experiences ever in his 89 years of life.  My dad served in the US Navy during WWII, making countless trips across the Atlantic taking troops to Europe and returning with prisoners of war. Once the war turned its attention to the Pacific, he made several trips to China.

No veteran ever pays any cost for the trip. All the trips have been funded by donations from businesses, groups and individuals. The cost for each previous flight was about $165,000. Because of rising fuel costs and the size of the final flight, with more than 125 veterans, this flight will approach a cost of $200,000, Cramer said.

Carpe Diem

Truck tonnage and traffic volume continue to increase. The stories and the graphs are quite remarkable.

Talk about mixed data coming out of the economic recovery.

House prices/values officially hit a double dip low (announced May 5, 2011). Corporate earnings are up across the board (past two weeks). 1Q11 GDP growth was pathetic (1.8 percent). Railroad traffic is way up. Truck tonnage and traffic volume is way up (see links above). Record sales receipts in Orange County, Florida (link posted elsewhere). First-time jobless claims up for fourth week in a row (link posted elsewhere). Fewer Chevy Volts sold in April but that was because more were given to dealers; but GM is making them as fast as they can (link posted elsewhere). Pick and choose the data you want to follow, I guess.

Director, NDIC, Updates Conferees on North Dakota Oil Potential

Data points from a speech given by Lynn Helms, Director, NDIC, to the 19th Williston Basin Petroleum Conference, Regina, Saskatchewan. Link here (regional links break often and break early). The article was published/last modified May 5, 2011.

• "We're going to give Texas and Alaska a run for their money."
• The success of the Bakken is well-known and other formations could eventually add substantial growth.
• The Three Forks has come into its own in 2010.
• The first well targeting the "third formation," the Tyler Formation, will be drilled later this year.
• The first phase of drilling in the Bakken could lead to approximately 28,000 Bakken wells. So far, only 2,200 have been drilled, most in the past few years. [Note the phrase: "the first phase."]
• Total pipeline capacity is not expected to be reached until 2015.
• NDIC expects $3.5 billion to be spent in 2011 for natural gas and pipeline investments in North Dakota.
• Each well should produce an averageof 575,000 bblsof oil, resulting in an average of $7 million in royalties paid to those owning mineral rights.
• The state collects about $4 million in tax revenue from each well.
• Wells cost about $7 million each to drill and complete.

Schlumberger's HIWAY Fracturing Process -- Petrohawk's Experience

Updates

August 31, 2012: EinNews link (not sure if this is linked elsewhere or below).

August 31, 2012: update on the process; a very good article. 

Original Post

Link here.

Again, we described one very important development today in our press release, the HiWAY frac, and we have placed several slides on our website under Presentations titled HiWAY Frac Results. These are very interesting slides. I'd encourage you to take a look. Incidentally, the NAVs for each of our core positions, the Haynesville/Bossier and the Eagle Ford, in my opinion, have a greater value than where the market trades Petrohawk today. We really do look forward to the future.

Also, click here, and once you get to this page, click on "presentations" on the sidebar at the left, and then click on  "HIWAY Frac Results." The presentation should be impress you. [July 31: that link has been broken. This was the URL: http://www.petrohawk.com/presentations.php. However, a pay site caught the essence:

Petrohawk Energy is promoting Schlumberger's HiWAY, a new hydraulic fracturing technology that the company is using in the Eagle Ford Shale. HiWAY tests brought "spectacular early results," said Floyd Wilson, chairman and CEO of Petrohawk. HiWAY also helped Petrohawk boost its liquids and natural gas production by 32% and 37%, respectively, the company said.

As noted earlier, Schlumberger has a huge presence in the Williston Basin, and a huge footprint/industrial park east of Williston.

Another article here on improvements in fracking.