Deficit? What Deficit?

Updates

July 15, 2012: same story, another link.  For $26/gallon, one could ship diesel to Hawaii from North Dakota by C-17.

Original Post

No one argues that "green fuel" costs the US Navy $26/gallon vs $4.00/gallon for conventional fuel. The argument is simply "should we do it"?   Link here to a most incredible story. I'm impressed the admiral supports it; he has a) lots of money to burn; and, b) he is on the short list for next promotion.

And this is why no one should be worried about the deficit. "We" have plenty of opportunities to tighten our belt when / if austerity measures imposed on Greece are imposed on the US. Simply using "common sense" will manage a significant portion of the deficit.

For Investors Only: Mike Filloon Link on Bakken Pricing

Note: I am posting fewer and fewer stand-alone posts on investment articles. I am posting most of my investment stories at the "For Investors Only: Investing" at the sidebar at the right, near the top.  There will, of course, be some exceptions.

Mike Filloon on WTI, Bakken, western Canada pricing -- SeekingAlpha. Note, Mike says he has no positions in any of the companies he mentions in this article, if I understood his disclaimer correctly. I am traveling so I am not reading as closely as normal; limited time to blog.

In addition to fewer stand-alone posts on investing, I am also posting fewer stand-alone articles in general, posting them on previous pages as updates.  The sidebar at the right provides the links to the stories. The blog was getting out of control with lots of minor stories about the Bakken and energy in general. For example, I won't be posting / linking stories about every new business coming to Williston. Those stories will be aggregated under "Minor Bakken Notes," again at the sidebar at the right.

WBI: MDU Announces Name Change

Folks may have noticed "WBI" in several postings, including one regarding the proposed refinery in the Dickinson area. This is from MDU today:

Effective July 1, 2012, the operations of Williston Basin Interstate Pipeline Company, Bitter Creek Pipelines, LLC, and Total Corrosion Solutions, all subsidiary companies of MDU Resources Group, Inc., changed their name to be part of the newly created WBI Energy, Inc. group of companies.

Although all three companies have long been sister companies in the corporation, they operated somewhat separately under WBI Holdings, Inc. In early May 2012, WBI Energy was created to more actively manage all operations under a single overriding brand.

The natural gas transmission pipeline operations will be within WBI Energy Transmission, Inc. and the gathering pipeline and related energy services will be part of WBI Energy Midstream, LLC. The cathodic protection group, formerly known as Total Corrosion Solutions, will be known as WBI Energy Corrosion Services.

The company's recent emphasis on further expansion into midstream energy services also supports the name changes. Earlier this year, the company announced plans to study the development of a diesel topping plant in western North Dakota and also purchased a 50 percent interest in an existing natural gas processing facility, a crude oil pipeline gathering system, and a crude oil storage terminal and pipeline, all located in western North Dakota. These new assets operate as a part of the midstream portion of WBI Energy.

So, when you see "WBI," think MDU.

New Markets for Propane As Supply Greatly Exceeds Demand -- RBN Energy

RBN begins a new series on new markets for propane as supply exceeds demand -- a story about the Marcellus and export facilities on the East Coast vs the Gulf. Part I.

Daily Activity Report, July 2, 2012 -- BEXP With Five Nice Wells -- 7/13 Wells Not Completed

Daily activity report, July 2, 2012 -- because of server maintenance -- no permits issued/recorded today

Operators: none.
Fields: none.

Released from confidential list:

• 3729, exp/loc/165, Enduro Operating/Ward-l Williston, Solheim 2, Mouse River Park, was on confidential; then released today; current status: LOC/12/11/Madison pool; was a Madison well spud back in 1965; t12/64; cum 84K 5/12; no production since 1988
• 18797, 1,743, XTO, TAT State 14X-36B, Bear Creek, t3/12; cum 103K 12/12;
• 20260, 288, EOG, Clearwater 16-3301H, Ross, t1/12; cum 68K 5/12
• 21026, 465, CLR, Maynard 1-20H, North Tioga, t3/12; cum 25K 5/12
• 21712, 2,604, BEXP, Rich 30-31 3H, Todd, t10/12; cum 35K 12/12;
• 21873, 640, Zavanna, Bengal 1-2H, Stony Creek, t7/12; cum 69K 12/12;
• 21906, 2,142, QEP Energy, MHA 4-32-33H-148-92, Heart Butte, t8/12; cum 41K 12/12;
• 21908, 2,180, QEP Energy, MHA 2-32-33H-148-92, Heart Butte, t8/12; cum 43K 12/12;
• 21970, 1,234, MRO, Eckelberg 14-23TFH, Bailey, t3/12; cum 20K 5/12
• 22040, 72 (no typo), Slawson, Panther 1-29-20H, Kittleson Slough, t4/12; cum 39K 12/12
• 22046, 501, CRL, Jennie 1-8H, St Demetrius; t3/12 cum 28K 5/12
• 20421, 706, Whiting, Banner 44-33TFH, Beaver Creek, t1/12; cum 50K 5/12
• 20812, 1,884, BR, Hammerhead 31-26MBH, Sand Creek, t4/12; cum 133K 12/12;
• 21627, 1,655, BEXP, Zine 12-1 1H, Bull Butte, t4/12; cum 72K 12/12;
• 21070, exp, Open Range, Ranger 5/8 HB1, Portal oil field,
• 21071, exp, Open Range, Ranger 32/29 HB1, Portal oil field,

Producing wells now completed:

• 20414, 682, Zavanna, Larsen 39-29 1H, t6/12; cum 56K 12/12;
• 20000, 573, Zavana, CDK 15-22 1H, t6/12; cum 54K 12/12;
• 21730, 992, Hess, GO-Kupper-157-96-0805H-1; t5/12; cum  113K 12/12;
• 21400, 823, Hess, BL-Davidson-156-96-3526H-3, t/12;  cum 94K 12/12;
• 21761, 1,058, Hess, CA-Halverson-154-95-0409H-2, t6/12; cum 148K 12/12;
• 19457, 149, Hess, RS-Johnson-157-90-1510H-1; t/12; cum 27K 12/12;
• 21660, 2,344, BEXP, Wing 4-33 1H, t4/12; cum 67K 12/12;
• 21663, 1,610, BEXP, Zacrep 2-11 1H ; t5/12; cum 58K 12/12;
• 21662, 1,045, BEXP, Bennett 35-26 1H, t5/12; cum 40K 12/12;
• 21046, 2,264, BEXP, Jack 21-16 1H; t5/12; cum 74K 12/12;
• 21045, 3,205, BEXP, Ruth 28-33 1H, t4/12; cum 101K 12/12;
• 20380, 77 (no typo), Oasis, Antelope Creek Federal 5003 44-17H,  t2/12; cum 17K 12/12;
• 21290, 1,068, BR, Red Wing 16-1H, t5/12; cum 12K 12/12;
• 21024, 891, Oasis, Harris 5603 43-8H, t6/12; cum 49K 12/12;
• 18855, 792, Oasis, Oasis Meiers 5692 11-19H, t2/12; cum 116K 12/12;

The reason for six pages today is that several pages were taken up with transfer of operator on about 175 wells. About 160 wells or so were transferred from Ward-Williston Company as operator to Enduro Operating, LLC.  Another 8 wells or so were transferred from Arsenal Energy as operator to Enduro Operating LLC.