Oasis Reports A Huge Well In Camp Oil Field; Huge IP But Short Of A Bakken Record

24288, 4,489, Oasis, Sully 5200 11-30B, middle Bakken, Camp, t4/13; cum 52K 8/13;

36 stages; 3.7 million lbs (all sand?)

Total drilling days: 22.

I track the Camp oil field here. 

This is a huge IP, but not the record in the Bakken. This is the current record-holder in the Bakken:

• Statoil reported an IP of 5,417 on September 26, 2013: #23992, Beaux 18-19 7H, Banks oil field

I track record IPs at my "FAQ" page. 

ObamaCare Websites Only Designed For 50,000 Visitors/Day:

30 million uninsured/50,000 = 600 days.

It is mandatory that folks enroll by sometime early in 2014. Six hundred days is about two years. The government is setting "us" up to fail. Those who do not enroll and who do not have insurance elsewhere will be fined.

Trainwreck.

This is being reported by the US government.

The Second Nominee For The 2013 Geico Rock Award: Labor Department Analysts

We have our second nominee for the 2013 Geico Rock Award: the US Labor Department analysts.

Bloomberg is reporting:

Jobless claims surged by 66,000, the most since the aftermath of Superstorm Sandy in November, to 374,000 in the week ended Oct. 5, figures from the Labor Department showed today in Washington. The median forecast of 47 economists surveyed by Bloomberg called for a rise to 311,000.

Last week it was widely reported that the government shut down as of midnight/early morning of October 1, 2013. It was widely reported that 800,000 government workers would be furloughed. It was also widely reported that these government workers were eligible for unemployment benefits, and in fact, were overwhelming the "system" in Virginia, applying for their benefits.

With 800,000 government workers furloughed and eligible for unemployment, it boggles the imagination that the jobless claims "surged" by only 66,000, up to 374,000.

But this is what really boggles the mind: the median forecast of 47 economists surveyed by Bloomberg called for a rise to 311,000.

The group of 47, names unknown, will be our second nominee for the 2013 Geico Rock Award. Good luck to all nominees.

And then this:

The issues in California accounted for about half the jump in applications last week and the dismissal of non-federal employees after Congress failed to compromise on a budget accounted for about another 15,000, a Labor Department spokesman said as the data was released to the press. The effects of the gridlock in Washington may keep claims elevated as employers grow concerned about the economic outlook.  

It appears, the jobless claims (as I predicted) will NOT include furloughed government workers. In fact, that may be stated in the article; if so, I missed it, and I don't have time to follow this story any more. [Oh, yes, here it is: Any claims filed by furloughed federal workers will not show up in the figures in coming weeks, a Labor Department official said last week. They will be tallied in a separate category and will not influence the headline reading, though contractors’ furloughs will count.]

And more:

Economists’ estimates in the Bloomberg survey ranged from claims of 304,000 to 340,000. The jump pushed applications up to the highest level since March last week. The previous week’s figure was unrevised at 308,000.

The numbers are meaningless.

Thursday -- 10th Day Of The Government Shutdown; Crude Oil Barge Volumes Surging; Aubrey Ready To Drill The Utica

Active rigs: 184

RBN Energy: crude oil barge volumes continue to increase

Barge shipments of crude oil between the Midwest Petroleum Administration Defense District (PADD) 2 and the Gulf Coast PADD 3 regions reached 126 Mb/d in July 2013 - up 79 percent over the same month last year according to the Energy Information Administration (EIA).  The Port of Corpus Christi reported that coastal barge and tanker movements of crude from the Eagle Ford – mostly headed out of Corpus to Houston or St James, LA are up 37 percent so far this year (August) to 387 Mb/d. The crude tank barge trade is booming as producers continue to use waterborne transport to bypass pipeline congestion. Today we look at emerging waterborne crude routes to market.

Chesapeake lays off another 800 folks. 

Meanwhile, Statoil's fortunes have turned. Rigzone is reporting:

Statoil’s shift a decade ago towards focusing on high-risk, high-impact plays and early entrance with a large stake into new plays is clearly working, transforming Statoil from a relatively resource poor company to one with a solid resource base, Statoil CEO Helge Lund told reporters Monday at a media briefing in Houston.

Since revising its strategy, the company has added significant new acreage and resources to its portfolio, including acreage in Russia, Australia, the U.S. Gulf of Mexico and Brazil, and significant discoveries such as the Bay du Nord discovery offshore eastern Canada, Statoil’s third discovery in the Flemish Pass. Between 2011 and 2013, Statoil has added more than 3 billion barrels of oil equivalent to its portfolio.

As part of its strategy, the company has focused on three areas – the Norwegian Continental Shelf (NCS), North America onshore unconventional plays and four to six offshore oil and gas clusters outside Norway.

Oilman never give up -- Chesapeake's former CEO ready to drill the Utica:

An energy firm run by Aubrey McClendon, the former Chesapeake Energy Corp chief executive, has raised $1.7 billion to drill on shale acreage in Ohio's Utica Shale, the firm said on Wednesday.

Proceeds will initially be used to acquire and drill on about 110,000 acres in the southern portion of the Utica Shale.

The Wall Street Journal

Shutdown standoff shows signs of a thaw. Medical-device tax repeal gains new life. Is this what this stand-off all about? How sad. How pathetic.

Yellen new Fed head.

US allies fret over Egypt-aid shift. Egypt surprised by planned US aid cut. MDW noted this yesterday. Confirms President Obama's Islamist leanings. This is not rocket science.

Random Update On Confidential Well List

There are currently 2,137 wells on the confidential well list.

HRC has exactly 100 wells on the confidential well list.

Later, I will sort out the other operators. A reader asked about HRC so that's why that has appeared first.

For some reason, the "by the numbers" at the sidebar at the right is not letting me update data. I will sort it out later.

However, the 2,137 wells on the confidential well list has set a new record: the previous high was 2,117. [Disclaimer: I don't check in on the confidential well list very often, so these numbers will be off, but at least one gets an idea of how many wells are on the confidential list at any one time.]