"Marathon Oil ended the year with 406,000 net acres in the Bakken Shale play in North Dakota. During December the Company achieved record average production of approximately 24,000 net boed, compared to 14,000 net boed in December 2010, more than a 70 percent increase," the company said.
"[Marathon's] Bakken production averages approximately 95 percent crude oil. As of Jan. 25, there were 19 gross operated wells awaiting completion. Marathon Oil has six drilling rigs, plus one rig dedicated to completions, and plans to add a seventh drilling rig in the second quarter of 2012."
Monday, February 20, 2012
Marathon Expects Big Returns from the Bakken, Eagle Ford -- Rig Zone
Link here to Rigzone.com.
ATT Press Release: $30 Million Invested in North Dakota 2009-2011
ATT invested more than $30 million in its North Dakota wireless and wireline networks from 2009 through 2011 with a focus on improving the company's mobile broadband coverage and overall performance of its networks.
During 2011, AT&T made more than 200 wireless network upgrades in four key categories in North Dakota. These enhancements include:
During 2011, AT&T made more than 200 wireless network upgrades in four key categories in North Dakota. These enhancements include:
- Activating 11 new cell sites or towers to improve network coverage.
- Adding capacity or an extra layer of frequency to cell sites – like adding lanes to a highway – with the addition of 21 of these layers, or "carriers".
- Upgrading 178 cell sites to provide fast mobile broadband speeds.
- Texas: $6.3 billion
- Florida: $2.8 billion
- Massachusetts: $475 million
- Maine: $60 million
- Vermont: $50 million
Hofmeister's $5 Gasoline
It looks like $5 gasoline is in the can, as they say in the movie industry, in Los Angeles.
Link here.
Link here.
CBS2’s Kara Finnstrom reports that a gallon of self-serve regular unleaded gasoline is $4.93 a gallon at a Shell station in the Miracle Mile district.No comment.
It’s not unusual to have price jumps in February, but AAA and the Oil Price Information Service say gas prices were already at record highs.
Violent Crime Surges Forty (40) Percent
No, not in the Bakken, not where $2 billion/month is flooding into the oil patch.
But rather in the nation's capital, Washington, DC.
Okay, one. I love this writing:
But rather in the nation's capital, Washington, DC.
Violent crime so far this year in the District of Columbia has spiked sharply — a 40 percent increase that includes twice as many robberies at gunpoint than at this time last year.No comment.
The crime rate is increasing this year after a downward trend — the number of reported homicides last year dropped to the lowest level in a half-century.
Homicides were the only category of violent crime to decline in the first six weeks this year. As of Thursday, the city had recorded 10 homicides compared with 11 at a similar point last year.
Overall, though, incidents of violent crime — homicides, sexual assaults, robberies and assaults with deadly weapons — are rising at an alarming pace.
Okay, one. I love this writing:
Homicides were the only category of violent crime to decline in the first six weeks this year. As of Thursday, the city had recorded 10 homicides compared with 11 at a similar point last year.Ten vs eleven and the writer says this represents a decline. Technically that's correct, but it's a meaningless statement. One homicide today and the story will change.
Five Oil & Gas E&P Companies -- SeekingAlpha
Link here to SeekingAlpha.com.
Companies mentioned: Total, NOG, Whiting, CLR, and Oasis.
The article is extremely superficial. The company overviews are very, very superficial and have a sense of being very old news. One almost gets the feeling the writer has just "discovered" the Bakken.
I was surprised to see NOG mentioned among the group of five.
For me, the credibility of the writer was lost when I read the following:
I have said many times the president said the US has enough natural gas to meet the needs of the US, but he was referring to the entire US, not one field; in addition, the reality is that the president was exaggerating.
Worse, the Bakken is not known as a natural gas play; it's an oil basin.
It's nice to see these Bakken companies mentioned in a SeekingAlpha.com article, but this article misses the mark on many, many levels.
Companies mentioned: Total, NOG, Whiting, CLR, and Oasis.
The article is extremely superficial. The company overviews are very, very superficial and have a sense of being very old news. One almost gets the feeling the writer has just "discovered" the Bakken.
I was surprised to see NOG mentioned among the group of five.
For me, the credibility of the writer was lost when I read the following:
Northern Oil and Gas also acquires crude oil and natural gas properties, in addition to smaller operators in this area. In my opinion, the company's assets have and will continue to grow in value as this 'hotspot' (Bakken Shale) in the industry continues to produce results. The U.S. Energy Department estimates that the area contains enough natural gas to meet the country's demands for the next century.I am not aware that the Bakken Shale has enough natural gas to meet the country's needs for the next century: that means the Marcellus, Haynes, Eagle Ford, and the Utica are superfluous, I guess.
I have said many times the president said the US has enough natural gas to meet the needs of the US, but he was referring to the entire US, not one field; in addition, the reality is that the president was exaggerating.
Worse, the Bakken is not known as a natural gas play; it's an oil basin.
It's nice to see these Bakken companies mentioned in a SeekingAlpha.com article, but this article misses the mark on many, many levels.
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