Monday, December 19, 2011

Wind Advocates Show No Qualms in Destroying Habitat for Eagles and Other Raptors in Land Of 10,000 Lakes

Incredible. The state that refuses coal-generated electricity from North Dakota has no qualms about destroying a habitat for eagles and other raptors in the land of 10,000 lakes, a state soon to be known as the land of 10,000 wind turbines. Truly incredible. What a sad state of affairs. As mentioned earlier, I have yet to find one redeeming feature about wind.

Link here.

Faux-environmentalists.
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Three (3) New Permits -- The Bakken, North Dakota, USA

Daily activity report, December 19, 2011 --

Operators: QEP (2), and EOG

Fields: Heart Butte, Parshall

QEP's two permits are for a 2-well pad in Heart Butte, Dunn County.

Six of ten wells that came off the confidential list today reported IPs; four were not completed.

Another interesting well name change:
  • 20508, conf, Dakota-3, Buffalo 1-36HC (was Buffalo 1-36H).
As time goes on in the Bakken, I am noting an increased number of wells with "new" designations regarding type of well, in this case, an "HC" well.
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Statoil/BEXP Reports Great IP in the Bull's Eye of the Bakken -- The Bakken, North Dakota, USA

I just got a note that Statoil released the IP on the Banks State well: 3,179, Banks oil field.

See first comment for link and 42-stage frack info.

I assume it is:
  • 20630, 3,179, BEXP, Banks State 16-21 1H, Banks, Bakken.  Right in the bull's eye of the Bakken, northeast McKenzie County; t9/11; cum 286K 8/14;  on same pad as:
  • 19876, 2,879, BEXP, Enderud 9-4 1H, Banks, 36K in first month of production (less than 30 days of production);  t10/11; GL; cum 224K 8/14;] 39-stage frac; 4.1 million lbs sand frac including 2.5 million lbs ceramic
  • 20631, 3,166, BEXP, Enderud 9-4 2H, Banks; t9/11; cum 244K 8/14;
These three wells are on the same pad, right in the bull's eye of the Bakken, northeast McKenzie.

This is quite incredible.

This is where the well is being followed.

A big thank you to anonymous for sending me this update.
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Ten Wells Came Off Confidential List Today -- Six Reported IPs -- The Bakken, North Dakota, USA

4 of 10 wells still not completed.

Three nice wells:
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For Investors Only: Three Stocks Under $10 -- The Bakken, North Dakota, USA

Three "Stocks Under $10."

Huge:

KOG was mentioned first. Again, for newbies, go back to posts regarding KOG; production currently about 15,000 bopd; expects to get to 30,000 bopd by end of next year. And I don't see the bottom falling out on the price of oil going forward.

Considering the 10's of thousands of publicly traded companies that could have been selected, it is amazing, at least to me, that KOG pops up yet again. The folks on Wall Street see the production expectations; folks that follow the Bakken closely know that KOG has positioned itself in the heart of the Bakken. In addition, its market cap now places KOG in position to start acquiring more Williston Basin property. I can think of at least one publicly traded company in the Bakken that might interest KOG.

Second, TriQuint Semiconductor; chips for iPhone.

Third, Cott. Juices, sodas.

See disclaimer at the sidebar at the right; this is not an investment site.
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