Wednesday, January 26, 2011
Here We Go: A New Multi-Rail Terminal in Western North Dakota -- Bakken, USA
Savage Companies announced plans to build a multi-rail terminal near Trenton, ND. Trenton is just a few miles southwest of Williston, where there has been a lot of activity recently, and sits right on the major BNSF rail line. It is located near the Montana border, specifically looking at Elm Coulee, in addition to what is going on in North Dakota.
The terminal will include ability to load and ship oil.
This appears to be a huge deal. For the folks in Trenton, it certainly has to be a big, big deal.
This is a great location, by the way. I'm sure the Williston folks would have liked this to have been built in Williston but it would have overwhelmed the infrastructure of the city, particularly all the truck traffic that will entail, moving cargo in and out, including oil, to the terminal.
I could be wrong, but this seems to be a big, big deal.
It will employ 150 people while it is being constructed and steady-state employment will be 40 - 60 people, which should make it the biggest employer in the Trenton area.
The terminal will include ability to load and ship oil.
The terminal will be designed to bring large-scale rail service to the Bakken with oil-field related materials such as tubular, frac sand and other strategic materials, including the capability to load and ship unit trains of crude oil.It is expected to be completed by the end of 2011.
This appears to be a huge deal. For the folks in Trenton, it certainly has to be a big, big deal.
This is a great location, by the way. I'm sure the Williston folks would have liked this to have been built in Williston but it would have overwhelmed the infrastructure of the city, particularly all the truck traffic that will entail, moving cargo in and out, including oil, to the terminal.
I could be wrong, but this seems to be a big, big deal.
It will employ 150 people while it is being constructed and steady-state employment will be 40 - 60 people, which should make it the biggest employer in the Trenton area.
Petrobras Jumps to Number 3 -- Not a Bakken Story
Among energy companies, Petrobas has just moved into third place.
XOM remains number one, followed by Chinese NOC PetroChina.
Shell and Chevron each move down one space.
Petrobras has moved from 27th place in 1999 to 3rd place.
XOM remains number one, followed by Chinese NOC PetroChina.
Shell and Chevron each move down one space.
Petrobras has moved from 27th place in 1999 to 3rd place.
Samson Oil and Gas Announces Partnership To Begin Development in Wyoming Niobrara
Link here. And big story on SeekingAlpha about the importance of this deal.
Samson Oil and Gas (SSN) has announced a three-party agreement with Halliburton and a private partner to Halliburton to develop Samson's acreage in the Niobrara Formation and other conventional targets in the northern Denver-Julesburg Basin for part of Samson’s Hawk Springs Project in Goshen County, Wyoming.
Back on January 13, 2010, I noted a significant movement in the share price of SSN; perhaps this is the reason? I have to be cautious. Every time I think I have spotted something, someone seems to tell me I'm wrong. And generally I am. But this looks a bit more solid.
Assuming I haven't mixed up Samson Resources with Samson Oil and Gas (SSN).
I don't have the link, and I personally would not know, but I am being told by a reader that it was Halliburton who was instrumental in opening up / developing the Bakken in the Elm Coulee in Montana. [Here's the link.]
Samson Oil and Gas (SSN) has announced a three-party agreement with Halliburton and a private partner to Halliburton to develop Samson's acreage in the Niobrara Formation and other conventional targets in the northern Denver-Julesburg Basin for part of Samson’s Hawk Springs Project in Goshen County, Wyoming.
Back on January 13, 2010, I noted a significant movement in the share price of SSN; perhaps this is the reason? I have to be cautious. Every time I think I have spotted something, someone seems to tell me I'm wrong. And generally I am. But this looks a bit more solid.
Assuming I haven't mixed up Samson Resources with Samson Oil and Gas (SSN).
I don't have the link, and I personally would not know, but I am being told by a reader that it was Halliburton who was instrumental in opening up / developing the Bakken in the Elm Coulee in Montana. [Here's the link.]
Follow-Up on California Budget and Cutting University of California Support -- Not a Bakken Support
About a week ago (January 13, 2011), I had a posting about the cuts California is trying to make to deal with their overwhelming deficit. In that posting I noted that the University of California system was crying foul over a threatened cut of $500 million.
As a reminder:
A UCLA alumnus has just announced a gift of $100 million to UCLA, the second largest gift ever given to the school. The donor is Meyer Luskin who made his fortune in animal feed.
So, one-fifth of the gap due to proposed state cuts closed in one swoop for this year. Yes, I know the donation is going for a specific purpose and not to the general fund, but money is fungible.
As a reminder:
The $500 million reduction is relatively small compared with the University of California’s overall budget, a spokesman said.
The system’s spending plan for the 2010-2011 academic year is $21.8 billion, including revenue from hospitals and federal contracts, which are restricted and can’t be shifted to make up for state cutbacks, according to budget documents. The core educational budget is $6.28 billion.I opined that
Oh, by the way, William Gates, who is probably the biggest benefactor of Silicon Valley, with net worth of $54 billion could close the University of California's $500 million gap for 108 years, assuming no inherent growth in his current portfolio.Well, at least one individual has stepped up to the plate.
A UCLA alumnus has just announced a gift of $100 million to UCLA, the second largest gift ever given to the school. The donor is Meyer Luskin who made his fortune in animal feed.
So, one-fifth of the gap due to proposed state cuts closed in one swoop for this year. Yes, I know the donation is going for a specific purpose and not to the general fund, but money is fungible.
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