Thursday, December 23, 2010

Two (2) New Permits -- North Dakota, USA

Producer: Tracker.

Field: Both Tracker wells on one pad in Banks oil field.

Same daily activity report broke out results of a CLR Eco-Pad: four producing wells averaging about 750 bbls IP (3,000 bbls/day from one pad; two 1,280-acre spacing units).

SM Outlook for 2011

Link here.
  • 2011 CAPEX: $840 million for drilling; 60% ($500 million) in Eagle Ford; 20% ($170 million) in the Bakken and Three Forks
  • In Eagle Ford, SM's partner is Anadarko Petroleum; 10 rigs in 2011 versus current 7 rigs
  • Still has a significant natural gas exposure
See also: SM Energy will invest $170 million in the Bakken/Three Forks in 2011.

Tyler Formation: It Hasn't Been Forgotten

Link here.

Three Bakken Plays -- Flashback

This story was published a month ago but in light of $91 oil, I thought folks might want to take a second look.

I accumulate shares in one of the companies mentioned but none in the others.

Update: actually two companies. I've accumulated shares in one of the companies mentioned for more than 30 years; forgot all about it. Started accumulating well before I even heard of the Bakken.

China Will Baiilout the EU -- Not a Bakken Story

This story speaks volumes.

Meanwhile the US will litigate everything and continue to promote the scam that resulted in a "lost decade" for Americans.

There is some good news. The US leads the world in twitters and social networking. That reminds me, I have to check my Facebook site.