For Investors Only: Motley Fool On Oasis -- The Bakken, The Williston Basin, North Dakota, USA

Motley Fool is posting:

The North Dakota oil boom is far from over. In fact, we may still be in the early innings of this development, and plenty of catalysts could send Oasis shares higher in 2014. Here are three reasons to add it to your portfolio. 

It would be impossible for me to find it, but I believe Motley Fool has had articles suggesting that the Bakken has topped out. Motley Fool is a lot like Texas weather: unpredictable.

This is why Motley Fool picked up on Oasis: the "smart money" is moving into Oasis --

According to recent SEC filings, billionaire Ken Griffin of Citadel Investments increased his stake in the company last quarter by 35% to $141 million. 

Billionaire John Paulson, famous for predicting the U.S. sub-prime mortgage meltdown, is also bullish on Oasis' prospects. Last quarter SEC filings indicated that his hedge fund Paulson & Co. initiated a new position in Oasis worth $39 million. Other legendary hedge fund managers like Paul Tudor Jones, Jim Simons, and Steven Cohen also own sizable stakes in the company. 

The rest of the article was filler. 

Regular readers might remember this story: Motley Fool calls the Bakken, a "beast." 

Bakken: One Million Barrels Of Oil Per Day As Of February 10, 2014

A reader writes:

As of February 10, Bakken total production was 1.04 million barrels of oil per day (mmbopd), which is expected to increase to 1.06 mmbopd by March. 

The reader says he connects frack tanks to the water wells directly so that trucking in fresh water for fracking is not required. 

For newbies, "the productive Bakken" extends into Canada and Montana; probably not into South Dakota. 

The monthly Director's Cut production figures are for North Dakota only, and includes all oil produced from all formations. The Bakken is just one of several formations from which oil is produced in the Williston Basin.

For The Warmists: Duluth Sets New Record

Link here.

Duluth sets record for most subzero days in a season.

Today is the 60th day this winter that a subzero low temperature has been recorded at the Duluth International Airport, setting the city's record for most days with below-zero temperatures in a season.

The previous record of 59 days with subzero lows in a single winter was set in the winters of 1958-59, 1916-17 and 1874-75.

I Can't Make This Stuff Up: Government Motors Pace Car At Daytona Catches Fire

Link here.

The pace car caught fire during a NASCAR race on Saturday night.

Just before the final segment of the season-opening Sprint Unlimited exhibition race, pace car driver Brett Bodine pulled his blue Chevrolet SS pace car down to the apron when he had smoke inside the vehicle.

"Tower, we're on fire," Bodine radioed.

Not even an EV or a hybrid. How many years have "we" been manufacturing automobiles now, and government motor cars are still spontaneously setting themselves on fire? Apparently this was a 2014 production model.

Chevrolet officially unveiled the production model 2014 Chevrolet SS at Daytona International Speedway on Saturday and onlookers couldn’t help but notice the similarities to the model’s Sprint Cup Series counterpart that will officially debut in tonight’s Sprint Unlimited NASCAR race. Best described as a four-door Corvette, the SS is a rebranded Holden VF Commodore SS V from Australia. The SS is Chevrolet’s latest effort to capture the American rear-wheel-drive sport sedan audience and the start of the 2013 NASCAR season presented an ideal opportunity to roll out the street model.

The car should be a hit on New Year's Eve and/or July 4th, especially where fireworks are prohibited.

Random Update On Leasing In McKenzie County

This was a nice way to start the morning. A reader sent me this note:

I just wanted to inform you of the value of leases currently on the reservation in McKenzie County. We just had a significant amount of acres become available due to only what I can assume was a huge mistake by the oil company had on these acres.

The BIA conducted the bidding process and the winning bid was $27,300/acre with 22% royalty.

This was for more than 100 acres. We were simply amazed. These same acres generated a $500 per acre 18% royalty extension October 2010.

This is very much in line with earlier posts that producing acreage in the better McKenzie was going for $34,000 to $40,000/acre. 

I remember when royalties were as little as 1/8th. A huge congratulations to the mineral owner(s).