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
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
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.
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.
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
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.
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
from the Wells Fargo schedule of presenters. don
MDU Resources Group Inc. (MDU)
Dave Goodin, President & CEO; Doran
Schwartz, Vice President and CFO; Phyllis
Rittenbach, Director of IR
Kamal Patel Dec 11 at 10:00 AM
The US Fish and Wildlife service
These Eagles, it should be noted, are no longer listed as endangered or threatened, but their populations are still protected. As the U.S. Fish and Wildlife's "Bald Eagle Fact Sheet" explains:
Although the Service removed the bald eagle from the list of threatened and endangered species under the Endangered Species Act, the bird will still be protected by the Migratory Bird Treaty Act and the Bald and Golden Eagle Protection Act. Both laws prohibit killing, selling or otherwise harming eagles, their nests, or eggs.
the Hill is reporting.
The Obama administration has nearly finalized a rule that would give energy companies lengthy permits for wind farms that end up killing bald and golden eagles.
Hundreds of thousands of birds are killed every year after flying into large wind turbine blades, an issue that became an ongoing saga for the administration this year.
The White House finalized its review on Thursday of a rule that would give the farms a 30-year pass for the killings, known as "takings."
The details of the Interior Department rule are not yet known and it is possible it could be tweaked, though significant changes would be unusual at this stage in the process.
Obama found himself caught between green groups and renewable energy companies over the summer due to the controversy surrounding the rule, which also applies to oil rigs and electric lines.
An Interior Department official told The Hill it has been working "for more than a year to gather public and stakeholder input on the proposal," which was sent to the White House Office of Management and Budget back in April.
In August, green groups met with the White House to make the case that the 30-year permit is too long, even if the deaths are unintentional.
They argued the administration should be more diligent in reviewing the effects large wind farms have on the environment.
Late last month, Duke Energy reached a $1 million settlement with the Obama administration over the deaths of more than a dozen protected eagles and other birds at its wind farms.
The settlement marked the first time the administration had penalized a wind energy company for killing eagles.
In SandRidge Energy's (NYSE: SD ) last earnings release there were two small notes about its offshore operations that basically went unnoticed by investors. We really didn't get much color on what SandRidge was doing until the company's conference call. It was there that SandRidge went into greater depth about the oil riches that it could possibly be sitting on. Let's take a closer look and explore the possibility that SandRidge could be sitting on a real gusher in the Gulf of Mexico.
The rebirth of Bullwinkle?
In its earnings release, SandRidge casually mentioned that it had licensed 25 blocks of seismic data over Bullwinkle and the adjacent Miocene producing subsalt fields. The purpose was to analyze the Miocene reservoirs that are underneath the Bullwinkle platform. The company also mentioned that it's looking for an industry partner to test the prospect.
It wasn't until the company's conference call that it got interesting. CEO James Bennett noted that it had identified a significant number of Miocene-age sands underneath its Bullwinkle platform. These were between 15,000 feet and 25,000 below the surface, which is well outside of SandRidge's drilling skillset. This prospect was originally identified by Royal Dutch Shell (NYSE: RDS-A ) but never developed. Bennett went on to say that the company is "pretty excited about the oil potential underneath Bullwinkle."
Later on in the call COO David Lawler noted that Shell had estimated that there was somewhere around 200 million barrels of oil underneath Bullwinkle. That's a lot of oil. In fact, SandRidge's total proved reserves as of the end of last year was just 367 million barrels of oil equivalent, with just 46% of those reserves being oil.
Does anyone Know if Grant and Alafa county OK got much of a ice storm.. I see the temp today is approx. 18 degrees..
I was wondering if the elec power was on.. cause the weather channel says Arkansas and tennesse could get a lot of ice today..
we are -24 below actual temp.. here this morn in SW ND.. so there is a lot of cold to come south and East in the next 2-3 days.. don
Bloomberg is reporting.
Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, halted plans to build a $20 billion gas-to-liquids plant in Louisiana, citing the potential cost and uncertainty about future crude and natural gas prices.
The project would have used natural gas to produce 140,000 barrels a day of liquid fuels and other products normally made from oil, The Hague-based company said in a statement today. Despite ample U.S. gas supplies from a boom in shale production, gas-to-liquids isn’t “a viable option for Shell in North America,” the company said.
Shell started the first commercial gas-to-liquids plant in 1993, using a process developed in Germany and used to make fuels during World War II. The company completed the $19 billion Pearl gas-to-liquids facility, the world’s largest, in Qatar in 2011. South Africa’s Sasol Ltd. (SSL), the largest producer of motor fuel from coal, announced plans last year to build a $14 billion gas-to-liquids plant in Louisiana.
“While we cannot speak to another company’s plans, we continue to view our proposed GTL facility in Louisiana as a very attractive opportunity as we advance it through the front-end engineering and design phase,” Russell Johnson, a spokesman for Johannesburg-based Sasol, said in an e-mail today.
The economic viability of turning natural gas into fuels depends on the relationship between oil and gas prices. For a gas-to-liquids plant to make money, a barrel of oil has to trade at a ratio of about 16 times the cost of a million British thermal units of natural gas, Sasol Chief Executive Officer David Constable said in an interview last year.
Story available from Minot paper today. don
The Chateau Apartments under construction near Arrowhead Shopping Center in southwest Minot were destroyed by fire Thursday.
Fire crews are working to ensure the Lamplighter, Xcel Energy and First International Bank suffer no damages. The fire department reports the Lamplighter is iced over, which should keep smoke damage to a minimum.
The Chateau Apartments to the west were evacuated. The Red Cross is on the scene and assisting with displaced residents and watching over firefighters. Crews will be on scene all day.
Sixteenth Street will be closed from Central to Second Avenue most of the day.
Due to the fire, Minot city bus routes have been disrupted. The city will operate routes where possible, but buses may be very late and some routes may be canceled.
I have never heard of MDU or its divisions selling Frac sand..this sand is usually Silica sand and comes by train from eastern mn and western Wisconsin. don
It will be interesting to see what the Sierra Club does with these wind turbine Eagle Kill applications..
They Are always complaining at Anything that pertains to Oil or Coal, and even now the coal and oil shipping terminals..
If they do not speak out against these Eagle kill applications then their real agenda is shown.. don
The proposed 1,000-turbine development would become one of the largest on-land wind facilities in the United States if built.
The project has been plagued by concerns about its impact on birds. The Bureau of Land Management approved the wind farm in 2012, calling its impact on migratory birds and bald eagles low. But BLM also noted that the threat it presented to golden eagles was significant, and projected the development would kill 46 to 64 eagles annually. A plan to reduce golden eagle fatalities could reduce the impact, the bureau said.
That is what the Power Company of Wyoming is trying to do, Miller said. He noted the company has proposed putting 26,000 acres along the North Platte River between Fort Steele and Sinclair in a conservation easement where wind development would be prohibited. That area is crucial golden eagle habitat and boasts considerable wind resources, Miller said. The company has also proposed a half-mile buffer around eagle nests.
Still, Miller acknowledged avian fatalities are a part of wind development.
“Unfortunately it does happen,” he said. “What we’re doing is being proactive and trying to avoid and minimize the potential risk to eagles.”
The number of wind developers seeking take permits will likely increase in the coming years, as companies look to pursue projects in areas boasting both high winds and key bird habitat, said Darin Schroeder, vice president of the American Bird Conservancy, a national advocacy group.
His organization does not oppose wind development, but believes more stringent sitting laws are needed to ensure projects are not built in environmentally crucial areas, Schroeder said.
Chokecherry-Sierra Madre is especially concerning, he said, arguing that internal concerns from BLM and Fish and Wildlife staff about bird fatalities have been ignored for political reasons. The project is one of 33 renewable energy developments authorized on public land by the Obama administration, as part of its initiative
From Casper trib today. don
The Power Company of Wyoming plans to apply next month for a federal permit that will allow the firm to kill a limited number of eagles every year at its planned Chokecherry-Sierra Madre wind farm in Carbon County.
The decision of the Denver-based developer to seek what is known as an “eagle-take permit” from the U.S. Fish and Wildlife Service reflects what may be the beginning of a trend, industry observers said.
Fish and Wildlife has never granted a take permit to a wind developer, but is currently considering several applications, said Dave Carlson, National Environmental Protection Act coordinator for the Fish and Wildlife Service. Chokecherry-Sierra Madre would join that list of applicants, he said.
“We should be seeing more of them in the future,” Carlson said. “This would apply to existing projects that are in operation and new projects.”
Fish and Wildlife will determine how many eagles can be killed under the permit after receiving an application for the project.
The expected increase in eagle-take applications comes months after the service clarified the rules surrounding eagle deaths at wind facilities. The new guidelines allow wind developers to kill a limited number of eagles each year, provided they make efforts to site turbines in locations that minimize fatalities and institute mitigation measures once their facilities become operational.
It also follows on the heels of a settlement announced by the U.S. Department of Justice in November in which a North Carolina developer agreed to pay $1 million in fines and restitution for avian deaths at its wind farm near Casper.
Garry Miller, Power Company of Wyoming vice president of environmental affairs, said the company’s application for a take permit and the Justice Department settlement were coincidence. The firm has been in talks with Fish and Wildlife since 2010 over how to best minimize the number of eagle deaths at Chokecherry-Sierra Madre. The proposed 1,000-turbine