Link here.
Note the amount of proppant: 22 million lbs.
Florida wells are tracked here.
Saturday, August 19, 2017
Saturday, August 19, 2017
Active rigs:
I haven't looked at Scott Adams' blog in a long time. A reader linked me to one of his more recent posts which helps me put events of the past week in context.
It also helps explain the action of the stock market this past week.
At DFW on their way to Nashville, via Atlanta, GA, to see the eclipse. Daughter and two granddaughters. The third granddaughter, Sophia, will remain here in Grapevine (Dallas) to observe the eclipse with me.
| $48.73 | 8/19/2017 | 08/19/2016 | 08/19/2015 | 08/19/2014 | 08/19/2013 |
|---|---|---|---|---|---|
| Active Rigs | 53 | 32 | 74 | 192 | 183 |
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The Bubble
I haven't looked at Scott Adams' blog in a long time. A reader linked me to one of his more recent posts which helps me put events of the past week in context.
It also helps explain the action of the stock market this past week.
*****************************
Notes To The Granddaughters
At DFW on their way to Nashville, via Atlanta, GA, to see the eclipse. Daughter and two granddaughters. The third granddaughter, Sophia, will remain here in Grapevine (Dallas) to observe the eclipse with me.
Friday, August 18, 2017
Week 33: August 13, 2017 -- August 19, 2017
Shale oil: record after record after record being set.
EIA adds Anadarko to weekly production report -- perhaps the biggest story of the week.
Bakken deals
Whiting to sell some Fort Berthold area assets
Operations
Active rigs continue to slide; down to 53
Production data for June, 2017, posted
ND well with highest monthly rate of any well in ND history?
Active rigs trending down in North Dakota
QEP reports several nice Foreman wells
Random example of peculiarities of the Bakken
$10,000 for a mineral acre in the Bakken
Fracking
Update on fracking sand strategies
Pipelines
DAPL upends region's dependence on CBR
Bakken and Canadian producers wrangle for pipeline space
CBR
Struggling
Other formations
Two interesting wells targeting the Madison
Watch for increased activity targeting the Madison formation
Bakken economy
Water Resource Recovery Facility, Williston, $105 million, ribbon-cutting
Cardon Global opens new office in Williston; to oversee new Williston airport (same link)
Federal funding now reaches $73 million for this $112 million project
EIA adds Anadarko to weekly production report -- perhaps the biggest story of the week.
**********************************************
Bakken deals
Whiting to sell some Fort Berthold area assets
Operations
Active rigs continue to slide; down to 53
Production data for June, 2017, posted
ND well with highest monthly rate of any well in ND history?
Active rigs trending down in North Dakota
QEP reports several nice Foreman wells
Random example of peculiarities of the Bakken
$10,000 for a mineral acre in the Bakken
Fracking
Update on fracking sand strategies
Pipelines
DAPL upends region's dependence on CBR
Bakken and Canadian producers wrangle for pipeline space
CBR
Struggling
Other formations
Two interesting wells targeting the Madison
Watch for increased activity targeting the Madison formation
Bakken economy
Water Resource Recovery Facility, Williston, $105 million, ribbon-cutting
Cardon Global opens new office in Williston; to oversee new Williston airport (same link)
Federal funding now reaches $73 million for this $112 million project
Williston Wire -- August 18, 2017
Ribbon cutting ceremony:
Divide County elementary school: new school should be ready for opening day
Tioga school district: prepares for slight increase in enrollment, up slightly from last year at 455; 268 of those at Central Elementary School
Cardon Global opens new office in Williston
- Water Resource Recovery Facility, Williston (Boomtown)
- $105 million
- Thursday, August 31, 2017; 8:30 a.m.
- Williston will host legislators in bid to "earn" Hub City funding
Divide County elementary school: new school should be ready for opening day
Tioga school district: prepares for slight increase in enrollment, up slightly from last year at 455; 268 of those at Central Elementary School
Cardon Global opens new office in Williston
- Cardon Global, parent of Cardon Development Group
- selected by City of Williston in 2015 to oversee planning and development of the ew Williston Basin International Airport
- Cardon Global also selected by the city to create a 10-year, strategic economic plan
- Crestwood donates $150,000 to new medical center
The Importance Of FERC -- Reminder: We Now Have A Quorum -- August 18, 2017
Story here. The court ruling today:
Link here. Calpine sold to private equity firm in deal valued at $17 billion. The story:
A federal appeals court ruled against the Constitution Pipeline Friday, in a challenge it brought against New York State’s denial of a water quality permit.
The decision is a major blow to the embattled project, which was planned to run 121 miles, carrying natural gas from the Marcellus Shale in northeastern Pennsylvania through New York State.What next?
In an email, Williams spokesman Keith Isbell signaled the company’s next move may be to bring the matter before the Federal Energy Regulatory Commission (FERC).
“In today’s decision, the Second Circuit recognized the jurisdiction of the D.C. Circuit, and the D.C. Circuit has recently acknowledged FERC’s authority to make the ultimate decision under the Natural Gas Act,” Isbell writes. “While we would have preferred an immediate path to construction, we are pleased with the court’s resolution of this jurisdictional issue.”
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Easier To Buy Than To Build
Link here. Calpine sold to private equity firm in deal valued at $17 billion. The story:
Calpine announced on Friday morning that it has agreed to a sale to Energy Capital Partners in a deal valued at $17 billion. Energy Capital will pay $15.25 a share in cash, about a 50 percent premium to Calpine's share price before reports surfaced in May that the power company, one of the nation's largest, was considering putting itself up for sale.
Calpine's stock climbed sharply in after-hours trading. Calpine and Energy Capital must get regulatory approval from the Public Utility Commission of Texas, among other agencies.
If the deal goes through, it will result in a more than $9.1 million payoff for Calpine CEO Thad Hill, who owns nearly 600,000 shares of the company's stock.
From the Calpine website:Calpine, which employs about 800 in Houston, has struggled in recent years in the face of persistently low electricity prices, a surge of renewable energy and the high costs of operating fossil fuel power plants. The company reported a second-quarter loss of $219 million, significantly larger than its $29 million loss in the second quarter of 2016.
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