Friday, March 20, 2015

Weekend Reading -- Maybe -- March 20, 2015

A couple of days ago I was sent what looked like a great article on the Bakken but never got around to reading it. I was too tired to read it when I first got the article and now that the weekend is here, I'm into my marathon DVD movie watching in between water polo games this weekend -- a two-day tournament -- our older granddaughter has four games tomorrow and three games on Sunday.

So, I probably won't be reading many articles on the Bakken this weekend. And now, adding insult to injury, which is not quite the right metaphor, another reader has sent me links to two more articles that appear to be worth reading. So, to keep these all altogether, where I can find them again, I will post the links to these three (3) stories here.
"Bakken, Not Beaten," Oil and Gas Journal
"Some Anxiety, But No Slowdown for North Dakota Oil Boomtown," NPR
"Williams County, North Dakota, Is The Best County In America, In Three Maps," Worthalike.com 
Don't let that discourage you -- that I haven't read all these articles yet; if you see a good article on the Bakken, I would be thrilled to get the link.

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Fly-Over Country Vs The Coasts

From the linked article above, "Williams County Is The Best County In America, In Three Maps":

There are several story lines here, the most important being the obvious of course.

But this is what is very, very scary. The US was entering the worse recession since the Great Depression in 2008 time-frame and certainly at its worse by 2009. Since than a gazillion dollars has been "spent" to jump-start the economy. Considering the recession was the worse since the Great Depression back in 2008 - 2010, one would assume that by 2012 it would have been quite easy to show a relative increase in median income across much of the nation. But even with the "recovery," most of the country remains "blue," or depressed.

Week 11: March 15, 2015 -- March 21, 2015

Reminder: myminerals.com looking for beta testers

The top story, of course, remains the slump in the price of oi. Not much has changed but the number of active rigs is now just seven (7) away from the century mark. Putting the slide into perspective. The Globe and Mail also talks about the slump

Top story of the week
The nation's third largest, and North Dakota's largest, veterinary clinic opens in Watford City

Operations
CLR lays down $2.3 million for 160 acres in Mountrail County; acreage under the river
Lynn Helms provides short update on the Bakken 
Newfield suspends drilling in Utah's Uinta Basin
"Gonna go work for Oasis"
Is it time for EOR in the Bakken?
New record: 29 wells come off confidential list - all but three go to DRL status

Fracking
President Obama says fracking is okay -- as long as it's done safely

CBR

CBR plummets due to low price of oil

Bakken 101
Explanation for Statoil's Pyramid pad oil production anomaly 

Bakken Economy
Belfield: 48-acre multi-use development project to break ground this year
Staggering numbers: oil and gas contributed $43 billion to North Dakota state's economy in just one year

Miscellaneous

The case for fossil fuels

Friday's Daily Activity Report Was Not Posted -- March 20, 2015

Active rigs:


3/20/201503/20/201403/20/201303/20/201203/20/2011
Active Rigs107195184205172

Four (4) new permits --
  • Operators: BR (4)
  • Fields: Corral Creek (Dunn)
  • Comments:
Friday's NDIC daily activity report has not been posted (7:45 p.m., Friday, March 20, 2015).

Just How Crazy Is The Bakken? It Now Boasts The Third Largest Veterinary Clinic In The United States; Bakken Economy -- Williston Wire -- March 20, 2015

Headlines only; the Williston Wire is easy to subscribe to.

Vesta Housing solutions remains bullish on the Bakken. Vesta provides temporary and permanent housing solutions. Vesta recently completed its acquisition of 58 homes in Williston and Tioga, North Dakota.

North Dakota's largest veterinary clinic opened in Watford City. It it the biggest and the third largest in the nation. It boasts a staff of 14, including three veterinarians and two relief veterinarians.

Tioga to use "surge funds" for Main Street expansion and new water tower.

A change to a planned multi-use development shows the changing housing market in Killdeer, a town of 751 people in the last census. The big change is that the development's first phase will now include townhomes instead of modular and mobile homes.

New fire hall, county fair building planned for Sidney.

Minot Mall to get multi-million dollar makeover -- but when I look at the makeover -- it seems to be just that: carpet and paint.

Smithsonian Channel will debut "Boomtowners" April 26. 

President Obama Says Fracking On Federal Land Okay -- Just Be Safe -- March 20, 2015

Folks a lot smarter than I can tell me that I'm wrong, but this story does not sound particularly alarming.

Reuters provides a very, very superficial look at the new rules for fracking on federal lands. About the only information:
The rules require energy companies to reinforce boreholes and otherwise prevent leakage and provide data on the cocktail of chemicals that helps extract crude oil and gas out of the ground. The rules will add transparency to the practice, long shrouded by companies reluctant to reveal "trade secrets."
Most companies are providing data regarding the "cocktails."

New York State, of course, will still ban fracking while they study the issue for another 14 years.