Caterpillar To Open New Plant in US -- The Bakken, North Dakota, USA

It would be nice if one could quantify the Bakken boom with figures from  a) Caterpillar; and, b) truck manufacturing plants, especially, Western Star in Portland, OR.

The number of trucks and heavy equipment coming to Williston, ND, on a daily basis is quite startling.

There is no reference to the Bakken at this story, but considering the rest of the country isn't doing much, I can only assume some of these dozers will end up in North Dakota.

KOG's 3Q11 Reported Wells -- The Bakken, North Dakota, USA

This is old news -- probably already a week old, but for newbies, I have updated the IPs for the wells that KOG discussed in its 3Q11 earnings report at the "New Wells Reporting" page. Note: they are boe, not bo, so they will be a bit higher than the others on that page which are mostly bo.

KOG's 3Q11 report is here. 

Earnings central is where I link earnings reports.

Bottineau County, Spearfish Formation, Legacy Oil and Gas Updated

Bruce reminded me to update the Legacy Spearfish activity in Bottineau County. Update provided at this link.

It should be noted that EOG has canceled all Scandia-named well permits or let them expire. There are no Scandia wells being drilled by EOG, and it's my impression that EOG has blown off the Spearfish for the time being.

Anyone else notice that oil is above $99....

... and no major Middle East crisis yet .... obviously killing the Keystone XL did not do this on a supply and demand basis, but one wonders if the implications of killing the Keystone are at least part of the reason ... or did I miss something about the economy taking off this next week?

.... and the number of active duty rigs has quietly hit 200 again, one short of tying the all-time record of 201.

Awesome! ConocoPhillips To Name Downstream Company ...

Phillips 66!

Wow, I can get out all my memorabilia!


Tom is to your left. Near the beginning, Nancy asks for a dollar's worth of gas.

I cannot make this stuff up.