Friday, February 24, 2012

Random Comment on CLR Bakken Acreage -- Nearing the 1 Million Mark Milestone

4Q11: per Harold Hamm -- 915,863 net acres; does not include the 35,178 net acres acquired in February, 2012.
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The Films of Joel and Ethan Coen, Various Artists

Gasoline Prices

Reminder: these links are at my "Data Links" page.
Speaking of runaway gasoline prices --

Runaway, Del Shannon

    Random Comment On Cost of Fracking -- The Bakken, North Dakota, USA

    According to Oasis' most recent presentation, the cost of a 36-stage fracked well:
    • Ceramic/sand mix: $10 million
    • Sand only frack: $9.2 million
    Oasis Well Services - in-house pressure pumping
    • operations to begin 1Q12
    • will result in savings of $0.8 to $1.0 million/well on 20 net wells/year  

    Mother Was a Roughneck, Jalan Crossland

        Coal-Powered Cars

        Link to CarpeDiem.com.

        Seven (7) New Permits -- The Williston Basin, North Dakota, USA

        Daily activity report, February 24, 2012 --

        Operators: Hess (3), Denbury (2), BEXP (2)
        Fields: Charlson, Murphy Creek, Little Knife, Alger

        Four wells on DRL status report an IP, including:
        • 20336, 1,162, BR, Sun Notch 43-32H, McKenzie
        • 21192, 2,148, Newfield, Bernice 150-99-20-17-1H, McKenzie
        For newbies, remember, I post new wells reporting here.  I updated the 4Q11 new wells earlier today. There were some impressive wells.