Tuesday, July 19, 2016

Whiting To Report Two Huge Rennerfeldt Wells In Stockyard Creek Wednesday -- July 19, 2016

Active rigs:


7/19/201607/19/201507/19/201407/19/201207/19/2011
Active Rigs3073195207182

Wells coming off confidential list Wednesday:
  • 30842, 2,592, Whiting, P Earl Rennerfeldt 154-99-2-3-10-15H3, Stockyard Creek, Three Forks B1, 40 stages, 8.7 million lbs; spud 10/17/15; TD 10/31/15, t1/16; cum 108K 5/16;
  • 30843, see below, Whiting, P Earl Rennerfeldt 154-99-2-3-10-15H, Stockyard Creek, data not released;
  • I track the P Earl Rennerfeldt wells here. 
Three new permits:
  1. Operator: BR
  2. Field: Sand Creek (McKenzie)
  3. Comments:
CLR renewed four permits: four Steele Federal permits in McKenzie County.

Seven well temporarily abandoned:
  • Petro-Harvester: #13884, #16067, #18264, two Rice wells and a Cameron well, all in Bottineau County
  • WPX: #29083, #29084, #29085, three Helena Ruth Grant wells, all in Dunn County
  • Sinclair: #26940, a Sinclair State well in Mountrail County
No producing wells completed.

*************************************

30843, see below, Whiting, P Earl Rennerfeldt 154-99-2-3-10-15H, Stockyard Creek:

DateOil RunsMCF Sold
5-20161312027169
4-20161765130040
3-20162508940152
2-20162592015305
1-20169373505

30842, see above, Whiting, P Earl Rennerfeldt 154-99-2-3-10-15H3, Stockyard Creek:

DateOil RunsMCF Sold
5-20161827431369
4-20161880829821
3-20162581637457
2-20162684310319
1-2016176250
Posted by at

California ObamaCare Rates To Surge -- LA Times -- July 19, 2016

Los Angeles Times headline: California ObamaCare rates to rise 13% by 2017, more than 3 times the increase of last 2 years.

The gift that keeps on giving. The GOP needs to run, not walk, away from ObamaCare reform. Let the Dems handle this one. If you love ObamaCare, you're gonna love Clinton/Obama's "National Health Service" plan.

From the linked story:
Premiums for Californians’ Obamacare health coverage will rise by an average of 13.2% next year — more than three times the increase of the last two years and a jump that is bound to raise debate in an election year.
The big hikes come after two years in which California officials had bragged that the program had helped insure hundreds of thousands people in the state while keeping costs moderately in check.
Premiums in the insurance program called Covered California rose just 4% in 2016, after rising 4.2% in 2015 – the first year that exchange officials negotiated with insurers.
On Tuesday, officials blamed next year’s premium hikes in the program that insures 1.4 million Californians on rising costs of medical care, including specialty drugs, and the end of a mechanism that held down rates for the first three years of Obamacare.

Rates are expected to jump in other states, too, although complete details won’t be available until later this year. The healthcare.gov federal exchange provides insurance under the Affordable Care Act in 38 states. California and a few other states operate their own exchanges
An analysis of 14 metro areas that have already announced their 2017 premiums found an average jump of 11%. The changes ranged from a decrease of 14% in Providence, R.I., to an increase of 26% in Portland, Ore., according to the analysis by the nonpartisan Kaiser Family Foundation.
The health law's next enrollment period begins a week before election day. Democratic presidential candidate Hillary Clinton wants to build on President Obama’s program, while Republican Donald Trump wants to repeal it.

California Dreamin', The Mamas & The Papas

Posted by at
Labels: , , ,

Gasoline Down To Less Than $1.60/Gallon In Ft Worth Area -- July 19, 2016

Buc-ee's is a destination, not a service station. Folks drive out to Buc-ee's just to shop.


Posted by at

Three New Natural Gas Plants Should Be Coming On-Line "Shortly" -- Lynn Helms, July 19, 2016

Lynn Helms recently noted that three new natural gas plants should be coming on-line shortly. At the article, also note his comments about the Hess facility in Tioga.

According to the table at this site, four new plants were scheduled for completion in 2016:
  • Lonesome Creek, McKenzie County, ONEOK, 200 million cfpd
  • Bear Creek, Dunn County, ONEOK, 80 million cfpd
  • Roosevelt, McKenzie, KMI, 80 million cfpd  
  • Wild Basin, McKenzie, Oasis, 80 million cfpd
Posted by at
Labels: ,

Back In December, Why Did Warren Buffett Buy KMI At Its Lowest Point In Nearly Five Years? -- July 19, 2016

Active rigs:


7/19/201607/19/201507/19/201407/19/201207/19/2011
Active Rigs3073195207182


RBN Energy: update on the Jones Act and oversupply of tankers.

KMI: 24/7 Wall Street has a nice piece on KMI today.
Last December when Kinder Morgan Inc. sliced 75% off its quarterly dividend, the stock price plummeted, dropping nearly 50% before beginning to make a comeback. Shares closed Friday at about 10% below the closing price on November 30, 2015.
We noted in an earlier story that Berkshire Hathaway Inc. bought 26.5 million shares of Kinder Morgan stock in last December (2015) at a price somewhere below $15 a share.
At Friday’s closing price, that’s a profit of some 40% for Warren Buffett’s conglomerate.
Why did Berkshire buy at what was arguably Kinder Morgan’s lowest point in nearly five years?
Ah yes, why did Berkshire buy at what was arguably KMI's lowest point in nearly five years? I think they have the crystal ball. 
Posted by at
Subscribe to: Posts (Atom)