it was not just NOG, all the other Bakken players went down 3-5 % yesterday,( kog,clr,,oas , wll ) then if you jump to the Miss lime of OK/KS . SD., MPO and many others were down. don
Bloomberg is reporting.
Kenya plans to sign a concession accord this week with Fenxi Mining Industry Co. of China to develop a coal deposit of 400 million metric tons, ending a two-year delay and enabling the state to tender 31 more blocks.
A Benefits Sharing Agreement may be signed by tomorrow for blocks C and D at Mwingi, 143 kilometers (89 miles) northeast of the capital, Nairobi, John Omenge, chief geologist at the Energy Ministry, said in an interview on Dec. 3. Signing of the concession accord has been delayed since Fenxi won the tender to explore the blocks in 2011, after local residents demanded a share of income from the project.
“Signing the first agreement will send a positive signal to investors, and open the way for us to tender the other blocks” by the end of the first quarter of 2014, Omenge said.
Kenya, East Africa’s biggest economy, plans to add 5,500 megawatts of electricity output to its grid in 40 months, almost 2,000 megawatts of that from coal, to help accelerate annual economic growth to more than 10 percent from a projected 5.5 percent to 6 percent this year. Kenya targets starting coal production within 30 months, which would enable the country to rely on domestic supplies instead of imports to fuel a 900-megawatt plant in Lamu county on Kenya’s northern coast, the development of which was tendered in September.
Block C, which may contain 400 million tons of coal, covers 131.5 square kilometers (51 square miles) and Block D 120 square kilometers, according to Omenge.
Based on your Enthusiasm have your purchased any JONE ( jones energy ) ?? or are you still looking at it or not at all .
I purchased a small position late last week .. don
SINGAPORE, Dec 9 (Reuters) - Southeast Asia's power sector will tilt away from gas to use more coal by the end of this decade, chipping away at demand for liquefied natural gas as the region of more than 600 million people tries to cut costs to meet soaring electricity needs.
With a wave of LNG projects due to come online this decade, this shift in consumption from a region long expected to be a key growth market could help take some of the heat out of rising Asian prices of the cleaner fuel.
Gas prices in Asia are about five times more expensive than in the United States, driven by demand for LNG from countries such as Japan and South Korea - whose nuclear power sectors are in crisis, and China, where stringent pollution control measures are driving a switch from dirtier coal.
Demand for more coal could also help lift flagging prices of the fuel by at least partially compensating for China's move to cleaner energy sources.
Currently coal accounts for a third of Southeast Asia's energy mix and gas for 44 percent, with the bulk supplied by the region's own gas reserves, according to the International Energy Agency (IEA), which formulates energy policy for industrialised countries.
"People in this region keep talking about green growth, but when I look at the numbers, the growth is not green. It is black as coal," said Fatih Birol, the IEA's chief economist.
Power generation capacity in Southeast Asia is set to rise by 50 percent during the current decade, of which more than half will be coal-fired and only about a quarter will be gas-fired, the IEA said, indicating slow growth in LNG imports.
CNBC is reporting.
As the rest of the world moves away from using coal as an energy source due to its high emission of greenhouse gas, in China the use of coal, the country's main energy source, is predicted to reach 4.8 billion metric tons per year by 2020, up from 3.5 billion tons in 2012.
The prediction was made by China National Coal Association Vice President Liang Jiakun, who stated that the country's coal industry still has potential to grow, as it now accounts for more than 60 percent of the country's primary energy resources.
According to the International Energy Agency, China is the world's second largest oil consumer behind the United States, and the largest global energy consumer. Driving China's relentless use of energy are demographic and economic considerations. China is the world's most populous country and has a rapidly growing economy, which has driven the country's high overall energy demand and the quest for securing energy resources. The International Monetary Fund estimates that China's real gross domestic product grew at an estimated 9.2 percent in 2011 and 7.8 percent in the first half of 2012, after registering an average growth rate of 10 percent between 2000 and 2011.
Here in SW ND we are at 19 above this morning warmest day for a week, heading toward a 33 degree blistering day..
Last thurs ( dec 5th the over night low was -22 below, then fri-26 below ,followed by -28below, -24 below on Sunday morn, -17 below on Monday to a barn burner of + 2 on tues , then -21 below on wed , and + 15 above this morning..
So in the spirit of good weather note keeping , I have decided to Follow the Unemplooyement Numbers given out and Seasonally adjust these number to fit the day/or mood of the day..
Will NG have a $ 5 handle on it in Jan. of 2014.. I believe it might.. don
IEA reports last week NG draw. don
Working gas in storage was 3,533 Bcf as of Friday, December 6, 2013, according to EIA estimates. This represents a net decline of 81 Bcf from the previous week. Stocks were 273 Bcf less than last year at this time and 109 Bcf below the 5-year average of 3,642 Bcf. In the East Region, stocks were 155 Bcf below the 5-year average following net withdrawals of 46 Bcf. Stocks in the Producing Region were 41 Bcf above the 5-year average of 1,173 Bcf after a net withdrawal of 9 Bcf. Stocks in the West Region were 6 Bcf above the 5-year average after a net drawdown of 26 Bcf. At 3,533 Bcf, total working gas is within the 5-year historical range
They applied for a building permit for Stark county last year to build a storage facility in Gladstone ND ( 10 miles East of Dickinson ) CRR is the stock ticker.. has been a strong stock..
NDIC Department of Mineral Resources
Sep Oil 27,988,858 barrels = 932,962 barrels/day
Oct Oil 29,190,760 barrels = 941,637 barrels/day (preliminary)(NEW all-time high)
876,480 barrels per day or 93% from Bakken and Three forks
65,102 barrels per day or 7% from legacy conventional pools
Sep Gas 31,972,079 MCF = 1,065,736 MCF/day
Oct Gas 33,178,369 MCF = 1,070,270 MCF/day (preliminary)(NEW all-time high)
Sep Producing Wells = 9,701
Oct Producing Wells = 9,900 (preliminary)(NEW all-time high)
5,939 or 60% are now unconventional Bakken – Three forks wells
3,963 wells or 40% produce from legacy conventional pools
Sep Permitting: 287 drilling and 2 seismic
Oct Permitting: 267 drilling and 5 seismic
Nov Permitting: 232 drilling and 1 seismic (all time high was 370 in 10/2012)
Sep Sweet Crude Price = $92.96/barrel
Oct Sweet Crude Price = $85.16/barrel
Nov Sweet Crude Price = $71.42/barrel
Today Sweet Crude Price = $73.00/barrel (all-time high was $136.29 7/3/2008)
I also am still watching ndls. I bought a little ACI today.. Coal, yes coal..3 years 1 month and we will inaugurate a New President...NG is going up in price, and Coal will be used In the USA and Around the world More and More.. unless you convince all those folks in India, SE Asia and China to pedal power their Computers and TV.
I am thinking of Creating a school for International signers, so all these huge dignitaries could have complete confidence when they attend a funeral or a function. i was going to hire this dude from SA as the chief instructor.. any idea;s what a current salary should be.. don
ACI has a lot of acreage in the PBR and this coal will ship to China via Buffets railroad.
They also just opened up a longwall metallurgical coal mine just several days ago..
I have owned ACI many , many years ago, and the choice between CNX, BTU , and ACI brought me to ACI..
The price has been pounded down cause of a purchase and debt they took on 3 years ago.
this debt now appears to be payable, and I believe aci has the most leverage..
Realize this is a small piece of a large puzzle, in 1 year I will reevaluate and then buy more or be out.
I believe the Export of coal, If not thru the ports in Washington/Oregon State, then thru the expanded Panama canal which will be opened in 2 years..
The environmentalist were the only political group that up until a month ago that the current Administration had not thrown under the BUS, but he did with that Eagle Kill wind tower decision.. So now anything goes..
the production of fidelity wells in ND in Sept was 325,389 BO. Fidelity had 12 wells on Confidential that had Runs of 71457 BO in the month. The Pierre shale NG production was 69,940 MCFT . The Associated NG production on the oil wells that was sold amounted to 161,784 MCFT. don
Hare.. from NDLS
BROOMFIELD, Colo., Dec. 5, 2013 (GLOBE NEWSWIRE) -- Noodles & Company (NDLS) today announced the pricing of its primary and secondary offering by the Company and selling stockholders of 4,500,000 shares of Class A common stock at a price of $39.50 per share. Noodles & Company also expects to enter into an agreement with certain officers of Noodles & Company to repurchase shares of Class A common stock directly from such officers in a private, non-underwritten transaction at a price per share equal to the net proceeds per share that Noodles & Company and the selling stockholders receive in the offering. Noodles & Company will use the proceeds from the offering to fund the repurchase.
Morgan Stanley & Co. LLC and UBS Securities LLC are acting as joint book-running managers and representatives of the underwriters for the offering. Jefferies LLC, BofA Merrill Lynch, Piper Jaffray & Co., Robert W. Baird & Co. Incorporated and RBC Capital Markets, LLC are acting as book-running managers. For up to 30 days, the Company and the selling stockholders have granted the underwriters the right to purchase up to an additional 675,000 shares of common stock to cover over-allotments.
WBI ( the NG division ) has a web site.. it has a lot of site info , do not recall if they give out the figure of storage or not.
AS for the storage facility a lot of that is sold/leased space and the actual NG belongs to other companies. The gas fields of Fidelity At Baker/ and Bowdin MT I believe could be turned up to increase the Flow /sale of NG..This increase was discussed about April/ May with mdu in a earnings call.. don
Fidelity had 12 wells on confidential this Oct reporting period, and these wells had runs of 107,060 BO.
The production of oil from NON confidential wells was 3344,249 BO. for a total of production and runs of 441,309 BO.
Fidelity produced 76,543 MCFT of NG from the Pierre Shale NG field . The associated NG from oil production was 190,431 MCFT. don
Fidelity had 10 producing oil wells in MT in oct. 5 in the Heath formation and 5 in the bakken formation.
Total production from the 10 wells was 5990 BO and 3117 Mcft NG
The Bakken produced 3325 BO and 1278 Mcft.
The Heath formation ( think north of Billings ) 2665 BO and 1839 Mcft of NG.. don
Fidelity has 22 listed wells in Utah, 3 are temporary abandoned. , 5 are Shut-in, and 14 are producing oil. The production of these 14 oil wells was 111,166 BO and 60,778 Mcft of NG.
1 well the api # 43-019-50019 has been shut in for 3 months and in oct was active for 1 day with a production of 188 BO, and 328 MCFT of NG.
The API # 43-019-50030 well this month produced 35,024 BO and 21,860 Mcft NG. in 31 days
this well is new because the previous month it produced for only 6 days and had production of 2736 BO.
Hare , if you are thinking of a manufacturing revolution, I think we will need help in education. Even in SW ND when you talk to the Non farm /Ranch kids there Math Skills are sub standard..
I believe the Companies will have work based higher education in science and Math to supplement this shortage of what we had NO choice but to learn when we went to HS/College.
The cost difference in LNG in USA compared to Europe is by a factor of 4.
Just my Observation.. don