Again, due to family reunions, etc., I am way behind on blogging. Blogging may be at a minimum for three or four days.
I suppose in keeping with the spirit of the times, I could have called it a "partial Bakken blog shutdown." LOL.
I will eventually get to all e-mails and comments, but things will be delayed.
Good luck to all.
Tuesday, October 1, 2013
Wells Coming Off The Confidential List Wednesday; Six (6) New Permits -- The Williston Basin, North Dakota, USA
Active rigs: 187 (rising)
Wells coming off the confidential list Wednesday:
Six (6) producing wells completed:
21453, 514, Slawson, Waterbond 2-27-34H,
25216, 1,015, Whiting, Littlefield 21-31TFH,
25554, 1,098, Whiting, Nesheim 13-24H,
24402, 858, SM Energy, Koeser 3X-26HB,
24404, 685, SM Energy, Koeser 3X-26HA,
24403, 1,045, SM Energy, Koeser 3/26H,
Wells coming off the confidential list Wednesday:
- 23981, 514, Oasis, Alder 6092 43-8H, Lucy, t4/13; cum 24K 7/13;
- 24471, 608, SM Energy, Rose 16-24H, Colgan, t7/13; cum 11K 7/13;
- 24935, conf-->loc, CLR, Tangsrud 7-1H3, Hayland, no production data,
- Operators: KOG (2), OXY USA, Hunt, CLR, XTO
- Fields: Big Stone (Williams), Murphy Creek (Dunn), Bear Butte (McKenzie), Stoneview (Burke), North Fork McKenzie
- Comments:
Six (6) producing wells completed:
21453, 514, Slawson, Waterbond 2-27-34H,
25216, 1,015, Whiting, Littlefield 21-31TFH,
25554, 1,098, Whiting, Nesheim 13-24H,
24402, 858, SM Energy, Koeser 3X-26HB,
24404, 685, SM Energy, Koeser 3X-26HA,
24403, 1,045, SM Energy, Koeser 3/26H,
332 New Highs Today; First Day Of Government Shutdown With No Breakthrough On Horizon
The market is very, very volatile, but 332 new highs today is quite remarkable considering the circumstances.
Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read her or think you may have read here.
New 52-week highs: CLR, KOG, OAS, TPLM, WLL. Many other Bakken-operators had great days.
Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read her or think you may have read here.
New 52-week highs: CLR, KOG, OAS, TPLM, WLL. Many other Bakken-operators had great days.
Statoil With More Bad News
On September 22, 2013, I wrote: One gets a general feeling that Norway/Statoil is "anxious" about how their oil industry is going.
There have been a number of stories about Statoil/Norway suggesting all is not perfect in the land of the midnight sun. I generally do not post those articles. But the stories have to do with taxes, Norway's new government, carbon capture costs, challenges in the Arctic, etc.
Now, another "Debbie Downer" story for Statoil. Bloomberg is reporting:
There have been a number of stories about Statoil/Norway suggesting all is not perfect in the land of the midnight sun. I generally do not post those articles. But the stories have to do with taxes, Norway's new government, carbon capture costs, challenges in the Arctic, etc.
Now, another "Debbie Downer" story for Statoil. Bloomberg is reporting:
Statoil, Norway’s biggest oil and gas producer, said the new Conservative-led government’s decision to sacrifice exploration off the Lofoten islands will deny the country a chance to revive flagging production.
Incoming Prime Minister Erna Solberg, whose Conservatives agreed to form a government with the Progress Party, said yesterday she won’t seek to open areas off the environmentally sensitive islands in the next four years, keeping as much as 2.3 billion barrels of oil equivalent in the ground.
“Production will fall quickly after 2025 if we don’t make new, big discoveries” and may slump as much as 50 percent by 2030, Oerjan Heradstveit, a spokesman for Statoil, said today by telephone. “It’s all the more important for the industry that the government considers other long-term measures that can secure the Norwegian shelf’s competitiveness.”
Norway expects crude-oil production, which comes mainly from aging fields in the North Sea, to fall for a 13th consecutive year in 2013 to less than half its peak in 2000. Total petroleum output will drop 13 percent. While oil volumes will subsequently be bolstered by new fields such as Johan Sverdrup, output will resume its decline in 10 years’ time if new finds aren’t made, according to consultants Rystad Energy.Remember: a Norwegian group just visited UND/North Dakota a few days/weeks ago (time flies; I forget exactly when).
Recent Transcripts: Whiting, Denbury
Due to too much socializing this morning, I didn't get much done on the blog and there's so much to discuss.
But I've run out of time and need to move along. I will leave you with a SeekingAlpha link to a Whiting presentation. I have not read it. I will read it later; blog later.
I won't be able to reply to comments or e-mail, but I will reply later today.
Good luck to all.
Also, later, this SeekingAlpha link to a Denbury presentation transcript.
But I've run out of time and need to move along. I will leave you with a SeekingAlpha link to a Whiting presentation. I have not read it. I will read it later; blog later.
I won't be able to reply to comments or e-mail, but I will reply later today.
Good luck to all.
Also, later, this SeekingAlpha link to a Denbury presentation transcript.
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