Don sent me the link to this story: Kinder Morgan could increase coal shipping through Gulf of Mexico ports.
It makes more sense to export coal from west coast ports, but faux-environmentalists are hampering that, so KMP is planning to build more shipping terminals in Gulf-friendly states like Louisiana and Texas. Amazing how things work out.
Saturday, July 7, 2012
Hunter S. Thompson on Passenger Trains -- 1965 -- Absolutely Nothing About The Bakken -- Absolutely Nothing
I am rushed. I have to meet my coffee club in a few minutes in a longshoremen's neighborhood and don't want to get these longshoremen upset. I know what they can do when they get a bit upset.
Later I will flesh this story out.
Hunter S. Thompson wrote a great article on the state of passenger trains in 1965. That story was never published but was re-printed in its entirety in a collection of Hunter S. Thompson letters some time ago. Later I will provide more information regarding that letter.
It's too bad HST (Hunter, not Harry) is no longer with us. It would be interesting to hear his thoughts on California's train to nowhere. A reader just alerted me to the fact that California's debt / deficit problem appears to be resolved. They have the funding for the bullet train to nowhere.
No better news than to hear the deficit problem California had is resolved.
Later I will flesh this story out.
Hunter S. Thompson wrote a great article on the state of passenger trains in 1965. That story was never published but was re-printed in its entirety in a collection of Hunter S. Thompson letters some time ago. Later I will provide more information regarding that letter.
It's too bad HST (Hunter, not Harry) is no longer with us. It would be interesting to hear his thoughts on California's train to nowhere. A reader just alerted me to the fact that California's debt / deficit problem appears to be resolved. They have the funding for the bullet train to nowhere.
No better news than to hear the deficit problem California had is resolved.
Friday, July 6, 2012
No Gusher for CLR North of Williston -- Reported IP Was In Error -- The Bakken, North Dakota, USA
Updates
August 16, 2017: the 6,800-bbl IP reported by BR in the Charlson field was a typographical error over at the NDIC.
July 20, 2012: see comments. This was a typo/error by NDIC. The CLR well file report shows the IP to be 491. However, the 6,800-bbl IP reported by BR in the Charlson field seems to be correct.
July 8, 2012: the reported IP is probably an error based on comments from several readers. We should know later this week; watch for NDIC correction. If it is an error, the likely IP was 499.
Original Post
Link here to daily activity report. - 21068, 4,91, CLR, Irgens Rexall 156-99-1801H, Williams
By the way, this location/permit was originally a Newfield permit, acquired by CLR.
For newbies, you can check out some initial high production wells at this page.
$7 Billion on Fracking the Bakken in North Dakota in 2012
From Oil and Gas Financial Journal: Over $7 billion will be spent on fracking in the Bakken.
That's just in 2012:
But I digress. Some back-of-the envelope calculations:
2,000 Bakken wells will be drilled this year. $7,000,000,000 divided by 2000 wells --> $3.5 million/well.
"They" say the average Bakken well in North Dakota costs anywhere from $7 million to $10 million, and that half of the cost is fracking. So, the numbers seem to jive. My hunch is that $7 billion is low, however. But whatever it is, it's significant.
That's just in 2012:
But it's important to point out what is being spent on hydraulic fracturing this year in the Bakken shale, as noted above. WarlickEnergy is forecasting that more than $7 billion will be spent during 2012 to fracture the growing number of completed Bakken wells.I have to chuckle. Folks (very few) write me to tell me they have trouble finding stories on the Bakken and/or stories on North Dakota at this blog. I wonder if they accidentally posted at the wrong site?
This play could very well be the largest oil discovery in the U.S. outside of Alaska, and estimates of the area's reserves are staggering. The US Geological Survey reported that the Bakken shale is home to approximately 4.3 billion barrels of oil recoverable with current technology, but estimates of total reserves range from 200 billion to 400 billion barrels. The USGS also estimates that the Bakken could hold more than 2 trillion cubic feet of natural gas.
But I digress. Some back-of-the envelope calculations:
2,000 Bakken wells will be drilled this year. $7,000,000,000 divided by 2000 wells --> $3.5 million/well.
"They" say the average Bakken well in North Dakota costs anywhere from $7 million to $10 million, and that half of the cost is fracking. So, the numbers seem to jive. My hunch is that $7 billion is low, however. But whatever it is, it's significant.
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