Random Note On Drilling Times to Total Depth

This is just a random comment comparing the length of time it took to get to total depth in the "old" days in the Bakken and how fast they are getting to total depth these days.

Both were in the Sanish, but by different operators, but about the same depth, about 16,500 feet.

• 16953, 440, Fidelity, Fladeland 11-15H, Sanish, t4/09; cum 163K 10/12; 29 days from spud to total depth; total depth = 16,100 feet;
• 23580, 1,295, Whiting, Iverson 41-14h, Sanish, t10/12; cum 6K 10/12; 12 days from spud to total depth; total depth = 16,576 feet;

Midnight Run Wells Have Been Updated

Now that all seven Midnight Run wells have been completed and reported, the results have been updated.

Money On The Move -- Rushing To Beat The ObamaCliff

I'm sure I'm missing as many as I'm catching, but this is almost becoming "comical" for lack of a better word.

Companies can't act fast enough to accelerate their cash dividends to beat the increase in taxes that will come next year.

The gap between the "haves" and the "have-nots" accelerates. My hunch is that after we get through the chaos and recession next year, these same companies will pay their usual dividends on the usual dates, thus rewarding shareholders for all the aggravation they will have gone through.

Enbridge Increases Dividend Unrelated to the ObamaCliff

From Yahoo!In-Play:

Enbridge increases dividend by 12% to $0.315; strong outlook for growth; sees EPS of $1.74-1.90 vs $1.84 Capital IQ Consensus Est : Co announced that its Board of Directors has declared a quarterly dividend of $0.315 per common share, payable on March 1, 2013 to shareholders of record on February 15, 2013. The dividend reflects a 12% increase from the prior quarterly rate. Enbridge also announced a guidance range for 2013 adjusted earnings of $1.74 to $1.90 per share. 

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here. 

Enbridge Partners Will Invest $3.4 Billion in Projects to Handle All That Bakken Oil; Unspecified Amounts To Be Funded by Enbridge

From Yahoo!In-Play:

Enbridge Energy to invest $3.4 bln in light oil market acces program: Co announced its plans to invest in a Light Oil Market Access Program to expand access to markets for growing volumes of North Dakota and western Canada light oil production. The overall Program includes a number of individual projects, some of which will be jointly funded by the Partnership and Enbridge, and certain projects that will be funded entirely by the Partnership. Enbridge Partners' investment in the Program is expected to be approximately $3.4 billion.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here.