Fisker Owners Unloading Cars At Huge Loss -- Well, At Least Trying To Unload Them

The LA Times is reporting:

In a week in which beleaguered Fisker Automotive failed to make a $10-million loan payment, owners are looking to unload their cars. In some cases, they are seeing some very low offers.

There were 48 listings for the high-end, hybrid electric Fisker Karma Eco-Chic and Eco-Sport cars on the Yahoo! auto sales pages.

That might not seem like a lot, but the new- and used-car research company Edmunds said there were only 947 new registrations of Fisker automobiles between January 2012 and February of this year.

Fisker Automotive hasn't sold a new car in nearly a year. On Wednesday, its executives were grilled on Capitol Hill on whether the company had used political influence to finance a fatally flawed business plan.

Fisker had been scheduled to start to pay down about $192 million it had borrowed under the Energy Department's Advanced Technology Vehicles Manufacturing Loan Program. It also laid off most of its workers this month.

Wells Coming Off The Confidential List Over The Weekend and Monday; Fidelity Will Have A Huge Well; Liberty Resources Has A Big Well; OXY Has Another OXY Well; G3 Operating With A Huge Well; Whiting With A Huge Madison Well

Initial production numbers for wells coming off the confidential list last Thursday and Friday have been posted.

Coming off the list over the weekend, and Monday:

Monday, April 29, 2013:

• 23222, drl, Fidelity, Pavel 14-23H, Zenith,
• 23224, 2,473, KOG, Moccasin Creek 4-3-23-4H, Moccasin Creek, t2/13; cum 17K 2/13;
• 23231, 116, Baytex, Joyce 4-9-160-98H 1BP, Skabo, t12/12; cum 5K 2/13;
• 23479, 1,310, Fidelity, Sundts 23-14-15H, Stanley, 4-sec spacing, t10/12; cum 69K 3/13;
• 23639, 1,482, WPX, Patricia Kelly 2-1HB, Spotted Horn, t3/13; cum --
• 24040, drl, SM Energy, Broderson 2-27H, Siverston,

Sunday, April 28, 2013:

• 20880, 814, G3 Operating, Fort Berthold 148-94-36D-25-2H, McGregory Buttes, t2/13; cum 5K 2/13;
• 23201, 1,029, Liberty Resources, Lassey 152-103-27-34-1H, Glass Bluff, t11/12; cum 59K 2/13;

Saturday, April 27, 2013:

• 21921, 97, Legacy, Legacy Etal Berge 5-7H, Red Rock, Spearfish, t12/12; cum 9K 2/13;
• 23129, drl, Hess, SC-Norman 154-98-3130H-3, Truax, no production data,
• 23247, 401, Whiting, BSMU 1806, Big Stick, Madison, t1/13; cum 16K 2/13;
• 23424, 157, OXY USA, Sivak 1-29-28H-143-98, Hungry Man Butte, t10/12; cum 6K 2/13;
• 23550, 965, G3 Operating, Fort Berthold 152-94-14C-11-2H, Antelope, t1/13; cum 32K 2/13;
• 23597, 867, G3 Operating, Berg 1-30-31H, Good Luck, t2/13; cum 7K 2/13;
• 23794, drl, KOG, Smokey 3-30-18-2H3, Pembroke,
• 24041, drl, SM Energy, Broderson 2X-27HA, Siverston

NOTE: Whiting's BSMU well below. Madison wells do not have the decline rate for which the Bakken is famous. Ergo: this is a very, very good well.

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23224, see above, KOG, Moccasin Creek 4-3-23-4H, Moccasin Creek, on a gas pipeline:

Date	Oil Runs	MCF Sold
2-2013	16575	1345

23231, see above, Baytex, Joyce 4-9-160-98H 1BP, Skabo, 

Date	Oil Runs	MCF Sold
2-2013	801	0
1-2013	997	0
12-2012	2998	0
11-2012	212	0

 23479, see above, Fidelity, Sundts 23-14-15H, Stanley:

Date	Oil Runs	MCF Sold
2-2013	10695	3510
1-2013	1364	121
12-2012	16918	6336
11-2012	25378	2718
10-2012	7565	0

23201, see above, Liberty Resources, Lassey 152-103-27-34-1H, Glass Bluff:

Date	Oil Runs	MCF Sold
2-2013	11592	0
1-2013	12503	0
12-2012	15466	0
11-2012	12872	0
10-2012	5619	0

 23247, see above, Whiting, BSMU 1806, Big Stick: 

Date	Oil Runs	MCF Sold
2-2013	6584	4458
1-2013	8776	5684
12-2012	157	211

23424, see above, OXY USA, Sivak 1-29-28H-143-98, Hungry Man Butte,

Date	Oil Runs	MCF Sold
2-2013	699	0
1-2013	928	0
12-2012	923	0
11-2012	2315	0
10-2012	435	0

23550, see below, G3 Operating, Fort Berthold 152-94-14C-11-2H, Antelope:

Date	Oil Runs	MCF Sold
2-2013	14872	0
1-2013	15874	0

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A little sax:

He's a Rebel, The Crystals
The back story:

Interview, Darlene Love
The Darlene Love interview; poor quality, but very, very good, but too short:

Lost Opportunity: Just Some Random Rambling

I wish I had thought of this earlier; it's too late now and probably not worth the effort anyway.

I wish I had taken a screenshot of the NDIC GIS map the first of every month from the very beginning. With 200 rigs in a small area of western North Dakota, it's pretty much just a solid glob of green on the NDIC map, due to the density of the rigs.

However, starting a few months ago, I started to see more and more rigs moving from the center to the periphery. Tonight it is quite remarkable. The number of rigs has remained constant for quite some time but now we are starting to see them "spread out": to the north / northwest (Divide County); one rig to the far northeast; but most notable, a number of rigs moving south towards Dickinson and farther southwest.

For example. there are six rigs between Dickinson and Belfield, and another seven rigs north of these (south and southwest of Killdeer).

The seven rigs south and south west of Killdeer:

22761, drl, OXY USA, Crosby Creek 1-19-18H-144-98, a 2-well pad, Little Knife,
24718, drl, OXY USA, James Cross 1-5-8H-143-98, Little Knife,
22918, drl, OXY USA, Matthew Schmidt 3-35-2H-144-97, a 2-well pad, Cabernet,
25256, drl, MRO, Michael Charchenko 24-21H, Murphy Creek, 
22896, drl, OXY USA, William Kubischta 3-14-11H-143-96, a 4-well pad, Fayette,
22926, drl, OXY USA, Brew 3-13-12H-143-96, a 4-well pad, Murphy Creek,
24926, conf (ros), OXY USA, Eleanor Twist 2-4-10H-143-95, Murphy Creek,

A Big "Thank You" To Carpe Diem For The "Hat Tip"

The story is here. Scroll to the bottom of the post.

Mark Perry references the impact of a single well. It's already "crazy" and it's gonna get crazier: we're getting use to four-well pads in the Bakken. We are starting to see more 5-well and 6-well pads.

It's hard to believe, but we may start seeing more 10-well pads, or two 5-well pads next to each other. Some already exist, but relatively few. The wells at $10 million apiece will push a single 5-well pad or a 10-well pad to $50 million to $100 million. To help put that in perspective, KOG's 2013 CAPEX is $775 million, 75 net wells, according to their most recent corporate presentation.

But I think when we go to 10-well pads we will start to see mini-oil-pad-complexes (MOPC). For ten to twelve months these pads will be mini-industrial sites where sand and ceramics are staged over time. There will be a water pumping station or reservoir. Scores of tanks for commingling will be on site. Small natural gas processing plants will be built to provide power for ten pumps. McDonald's restaurants will move in on-site. Okay, kidding about that last one. But it wouldn't be surprising to see temporary living quarters on-site. 

This Winter Just Doesn't Quit: 9 of Minnesota's Top 10 Walleye Fishing Lakes Might Be Frozen Over Opening Day

The (Minneapolis) StarTribune is reporting:

Henry Drewes, DNR regional fisheries manager in Bemidji, said 26 to 36 inches of ice covers Lake of the Woods, Upper Red, Leech and Cass lakes, which are in his region. What are the chances ice will be gone by May 11?

“I think it’s highly unlikely,’’ he said. “There’s still a foot of frozen slush and snow on top of that ice. It would take extraordinary circumstances for those basins to be ice-free by May 11.’’

The same situation exists on Winnibigoshish, Rainy, Kabetogama, Vermilion and Mille Lacs. And lakes in the northeast, though not in the top 10, also could be covered with ice on the opener.

Rick McKeever of Young’s Bay Resort at the Northwest Angle of Lake of the Woods said there’s not much hope the ice will be gone there in just two weeks.

“There’s 3 solid feet of ice out there yet,’’ he said Friday.

Last year, the resort had its boats in the water by early April. “We were golfing in March,’’ McKeever said.