Seven (7) New Permits -- Bakken, North Dakota, USA

Daily activity report -- June 1, 2011 --

Drillers: QEP (2), Oasis (2), BEXP, Whiting, and CLR

Fields: Heart Butte, Camp, Brooklyn, and three wildcats

This may be a first: Oasis is going to put two wildcat wells on the same pad; in Williams County.

QEP's two permits are for the same pad in Heart Butte oil field.

The third wildcat will be Whiting's.

There were not new production results posted today.

NDIC Hearing Dockets for May Posted

Link here.

When I completed the June hearing docket summary and linked it, it appeared I forget to link the May hearing docket summary. So, here are the highlights for now for the May NDIC hearing dockets.

Wednesday, May 25, 2011

14726: SM Energy, establish 6 1280-acre units; 1 hz well each; Stark County

14747: Whiting, 3 wells on a 2560-acre unit, Sanish-Bakken, Mountrail

14748: Whiting, an additional 2 wells on 17 1280-acre units in the Sanish-Bakken, Mountrail

14749: Whiting, establish 4 1280-acre units, 1 hz well each; Billings County

14753: BR, to extend haystack Butte to include 10 more sections; 1280-acre units; and 2 hz wells in each, McK

14758: BR, 4 wells in each 1280-acre unit in Lone Butte-Bakken, Dunn

14519: North Plains, extend Truax-Bakken by one 1280-acre unit; 6 wells, Wms

14776: QEP, extend Heart Butte-Bakken/Deep Water Creek Bay, create 1 800-acre unit; 2 hz wells; Dunn

14777: QEP, create 2 800-acre units in Deep Water Creek Bay, 2 wells each, Dunn

14529: Newfield, 5 wells in 1280-acre unit, East Fork-Bakken, Wms

Thursday, May 26, 2011

14356: CLR, Eco-Pad, Elm Tree-Bakken, McK

14785: Newfield, 6 wells on 1280-acre unit, Sand Creek-Bakken, McK

14786: Newfield, 6 wells on 1280-acre unit, Siverston-Bakken, McK

14788: Denbury Onshore, 1 well on a 320-acre unit, Magpie-Duperow, Billings

14789: Samson Resources, extend Foothills-Bakken; create 13 1280-acre units; 1 hz well each; Burke

14790: Samson Resources, extend Bluffton, Juno, and/or Baukol Noonan-Bakken, to create 11 1280-acre units; 1 hz well each; Divide

14791: Enerplus, create 1 1280-acre unit; 7 wells; Mandaree-Bakken, Mck, Dunn

14794: Baytex, extend Burg-Bakken; create 12 1280-acre units; 1 hz well each; Divide

14795: EOT, extend Hebron-Bakken, create 2 960-acre units, 2 wells each, Wms

14796: EOG, extend Kittleson Slough-Bakken, create 1 1280-acre unit; 3 wells; Mountrail

14797: EOG, extend Painted Woods-Bakken, establish 5 960-acre units, 2 wells each; Wms

14798: Fidelity, Stanley-Bakken, create 3 2560-acre units. 1 well each; Mountrail

14799: Hunt, 6 1280-acre units in Parshall-Bakken, 3 wells each, Mountrail

14804: Fidelity, 3 wells on a 1280-acre unit, Stanley-Bakken, Mountrail

14808: Newfield, 5 wells on a 1280-acre unit, Tobacco Garden-Bakken, McK

14844: CLR, increase density wells; 7 wells total on each 1280-acre unit, Dollar Joe-Bakken, Wms

14845: CLR, 7 wells on each 1600-acre unit; and, 7 wells on each 960-acre unit in Banks-Bakken, Wms, McK

14848: ERF, 2 wells on a 320-acre unit, Eagle Nest-Bakken, Dunn

14849: ERF, 7 wells on a 1280-acre unit, Mandaree-Bakken, Dunn

Counter-Intuitive Impact of Renewable Energy

Link here.

Bottom line: increased use of wind and solar energy will a) increase inefficiency of overall energy utilization; and, b) require increased use of natural gas (or coal).

Over time, folks will forget why we went to wind and solar energy and a new "Rudyard Kipling" will author a new series of "Just So" books on energy.

Price of Natural Gas Soon To Reach Tipping Point

Again, the price of natural gas has risen, catching me by surprise.

Many months ago (a year or so ago?) I posted that when natural gas hits $5, a lot of oil and gas exploration and production companies are going to start looking real good.

Well, I see natural gas is now up to $4.65. This is getting a bit exciting.

The link is a dynamic link and the value will change over time.

The GM Chevy Volt Scam -- I Can't Make This Stuff Up -- Not a Bakken Story

Link here.

Automobilemag.com reports that General Motors has responded to my report questioning whether dealerships are gaming Chevy Volt tax credits. Chevy Volt spokesperson, Rob Peterson, states that "NLPC is confused." He then goes on to confirm that the dealerships purchasing Chevy Volts and reselling them as used vehicles are entitled to the $7,500 tax credit. Clearly, it is GM that is confused, considering that this was the main point of my report.

This is really quite incredible. Something tells me Volts are not being bought by limousine liberals.

The report goes on:

GM does not deny that Chevy dealerships are selling Chevy Volts to other dealerships, including a KIA dealership, for resale. At the same time, Peterson also touts the high demand for Volts claiming, "we don't sell Volts at the moment - it's almost like we deliver them."

By this statement, you wouldn't know that sales for the Volt averaged a dismally low 425 per month for the first four months of the year. GM recently stated that they had the capacity to build at a pace of 17,000 per year. So, here's a question for GM and Mr. Peterson: If demand is so high for the Chevy Volt, why would a Chevy dealership sell the vehicle to other dealerships, particularly when there are supposedly customers lined up to pay full price? The answer seems clear to me. GM is exaggerating the "high demand" for the Volt.

Truly incredible. But then what would one expect from Government Motors? It's all about perception.