copy/paste from Bloomberg. don
Aubrey McClendon, the U.S. shale wildcatter who’s raised $10 billion in capital since getting fired from Chesapeake Energy Corp. (CHK) last year, acquired a stake in an Oklahoma pipeline project.
An affiliate of McClendon’s American Energy Partners LP contributed natural gas lines in exchange for a minority interest in Tall Oak Midstream LLC’s planned 250-mile pipeline and processing network, Oklahoma City-based Tall Oak said in a Business Wire statement today.
McClendon’s company also dedicated drilling prospects spread throughout six Oklahoma counties to the new network, according to the statement. Casey Nikoloric, a Tall Oak spokeswoman with the public-relations firm Ten 10 Group, said the size of the acreage commitment wasn’t disclosed.
American Energy, also based in Oklahoma City, has an option to increase its stake to as much as 50 percent. McClendon announced plans on June 18 to expand his growing shale empire into the pipeline business, with backing from buyout firm The Energy & Minerals Group
As a Former Shareholder I have questioned the Book Value on ALCS for 3 or more years.. when the price hit $ 14 last summer in the proposed buyout, I RAN for the exit..
I am Not here to bad mouth this company, it is apparent that they Need No Help.. don
that may be, but today E+P is green as grass.. CLR,OAS, Hes,Cop , BCEI, WLL.
DNR, this is just a few.. with the President ready to allow Export of Light Oil products Unrefined , as the WSJ reported last night is a bull for Oil. IMHO.. don
KXnet , local CBS TV station is reporting.. ( Linton is approx. 80 miles SE of Bismarck ). don
Drilling for natural gas is underway in Emmons County.
The Department of Mineral Resources issued four drilling permits to Strata-X Energy in December.
Workers began drilling the first hole this weekend.
If they do hit natural gas and that's if this turns out to be a successful project there is a natural gas pipeline just north of here that they could tap into to distribute the natural gas.
We've seen local farmers who are hauling water to the site. They say the amount they've been asked to haul has doubled since the project began.
We talked to some local farmers and city officials but no one seems to know much about what's happening with this project.
No one from Strata-X is on site and the contractors doing the work and the contractors on site are unable to comment on the project.
Strata-X Energy has purchased over 20-thousand acres of mineral rights in Emmons County since last July.
The Department of Mineral Resources says it's rare to see permits issued this far east of Highway 83 in terms of oil or gas development.
The well is on confidential status so it may be months before much is known in terms of the success of the wells.
Another company attempted to drill in 2006 but was not successful
maybe those most vocal either covered their short position, or finally got to even on a stock price and just moved on..
With the volume today already one has to wonder when /if a announcement is imminent on a sale. don
Bruce, is reporting a Fidelity well off confidential today , has produced 60838 BO in 5 months. don
23880, see above, Fidelity, Norken 17-20H, Heart River:
Date Oil Runs MCF Sold
4-2014, 13756 , 0
3-2014, 7717 , 0
2-2014 , 10893 , 0
1-2014 , 18800 , 0
12-2013 , 9672 , 0
BISMARCK, ND – The North Dakota Public Service Commission (PSC) will hold a public hearing on Monday, June 23, regarding a proposal to build a new 10-inch crude oil pipeline that will run through Billings, Dunn and Stark Counties.
Belle Fourche Pipeline Company has submitted an application to build the 20-mile-long pipeline parallel to an existing line. The pipeline is needed to increase capacity for transporting crude oil from western North Dakota to the Dakota Prairie Refining facility or transported via rail for delivery to crude markets on the East and West Coasts. The additional pipeline will increase the capacity of the system by 100,000 barrels per day on an annual average.
Estimated cost of the project is $7.9 million. (Note to the media: A map showing the pipeline location has been provided to you for use with any announcements/stories you print.)
Details for the public hearing are as follows:
When: Monday, June 23 – 9 a.m. MST (10 a.m. CST)
Where: Dickinson State University, Student Center
900 Campus Drive, Ballroom B
Article in todays Dickinson paper. don
A $350 million wind turbine farm near Hettinger may expand to a larger area to generate electricity more efficiently, pending approval from state officials.
The North Dakota Public Service Commission will meet Wednesday in Bismarck to hear an energy company’s plan to move turbines to encompass land previously restricted by the federal government.
Last year, the Federal Aviation Administration would not allow Thunder Spirit Wind, LLC, to build turbines on certain stretches of land in Adams County’s Duck Creek and Holt townships.
The FAA said that turbines would pose danger to planes coming through the area, said PSC public utility analyst Jerry Lein.
Because of this, Thunder Spirit restricted its 43-turbine wind farm plan to a smaller space, according to public documents.
In December, the government lifted a ban on construction on the area in question, which was based on unpublished plans for a future airport in Hettinger, according to Thunder Spirit,
Now that the FAA has given the go-ahead, Thunder Spirit selected larger turbines, which may need bigger expanses of land for maximum energy potential, PSC member Brian Kalk said.
“Getting the layout right will be a stepping stone to more wind power in the region,” Kalk said.
Commission members will consider if changes to the original wind farm plan will negatively affect Adams County residents or the environment, as well as if resources would be used effectively.
They will choose between a previous plan that does not consider newly opened-up land, but moves turbines slightly, and one that does take new access into account.
Thunder Spirit had originally wanted to build 75 turbines in Adams County to supply 150 megawatts of power. But last October, the company signed a power purchase agreement with Montana-Dakota Utilities to supply less — 107.5 megawatts of power for a 25-year period
Some of the EOG wells in the Parshall field went up in production when they were hooked to artificial lift, this increase lasted several months and then went back down again.
but with a 50 % WI, GDP only has a 50 % Financial interest.. My point of the number crunching was to show that even with a large drop off in the rate of production this well will be profitable, even taking out the assumed 15 % royalty this well in 14 months generated approx. $ 12,000,000 to the operators..
Also the Severence tax law of 0 tax until well pay out will push for the drilling of the TMS.
The wells in the TMS, if they follow the exploration faze similar to the Bakken in ND , where I live, will be some good wells, some Great wells , some poor wells.. but Probably NO dry holes.. This may take 3 years to figure out the exact method of drilling/fraccing /location..for development drilling.. don
Jerry , I can and do talk to both My ND senator, and ND Representative in the local grocery store.. Kemprich is the representative, and the Senator is Bill bowman..
You have to understand that in a 28 mile X 50 miles county we have a population of less then 4,000 people.. heck you have that many in one of those urban Reservations..
I have written the ND legislature letters Recommending a 0.005 cent per KWH Wind energy Severance tax on ALL wind energy shipped out of State, I also recommend that this money be used to pay for a college education for All ND resident , up to the age of 26. don
halap5 • 6 hours ago Posted this
( Declining rates of the oil wells located at MISSISIPPI section of the TMS
Crosby 12-1H Decline rate was 16% in a month, 35% in two months, 66% in seven months and 77% in 14
I calculated the oil production during the time fram furnished, on the Crosby well 12-1H ..don
Sure the decline rates are similar to what they are in Bakken, but in the time listed the Crosby well produced 155,885 Barrels of oil X $ 90 average and you have a well payout of $ 14,029,000
if all the Wells in the TMS preform at a rate there will be a lot of drilling and production activity in the TMS
Report Period Oil bbl/day
4/1/2014 ……….152 = 152 days and 27,208 BO
11/1/2013 ……..206 = 31 days and 7,006 BO
10/1/2013 ……..246 = 31 days and 8,280 BO
9/1/2013 ……….306 = 153 days and 68,850 BO
4/1/2013………. 594 =31 days and 21,049 BO
3/1/2013………. 764 = 31 days or 23,492 BO
2/1/2013 ……….914 ___________________
Using average oil production based on Mid point of time to calculate this .