with a PV-10 of 10.6 billion$$$ and a share reduction to approx. 351,000,000 this give you a PV-10 value of $ 30.20 per share. don
I lived near Walker Mn for 30 odd years. So I am well aware of MN cold and snow, but you are really up north..
The country will start to warm, cause we got to 38 degrees today, warmest we have had in 3 weeks. looks like a week of mid 30's for day time high so maybe the country will thaw a little. don
Sempra Energy subsidiary receives Department of Energy LNG export license for Louisiana liquefaction facility:
The U.S. Department of Energy (DOE) today issued a conditional authorization that allows Sempra Energy subsidiary Cameron LNG to export domestically produced liquefied natural gas (LNG) from its proposed liquefaction facilities in Hackberry, LA, to countries that do not have a free trade agreement (FTA) with the U.S. Subject to environmental review and final regulatory approval, the authorization conditionally approves Cameron LNG to export up to 12 million tonnes per annum (Mtpa), or approximately 1.7 billion cubic feet per day, of natural gas for 20 years commencing on the date of first export.
And when all this Snow all over the Midwest starts to Melt there will be Flooding...No matter where you live it could be a Late Spring, Unless we Get warm Rains, then we will really Flood....
Good luck on finding a good snowblower.. I know a lot of folks here have a Blower Made/Sold by John Deere.. not cheap but last forever..
from todays Chicago Trib.. don
Jerry we have had 29 nights since dec 1 when the over night low temp was colder then 0
It's a record we may break, whether we like it or not: The number of days this winter that the low has been below zero.
We've seen 19 subzero lows so far, tying with the winter of 1872-73, according to the National Weather Service. The worst -- or best -- was the winter of 1884-85 when there were 25 such days. The normal for a winter is 7 days.
The forecast for the week calls for below zero cold tonight (minus 1 to minus 5), Monday night (minus 8 to minus 12) and Tuesday night (minus 1 to minus 3).
"Chicago is within striking distance of the all-time record for number of subzero lows in a season," the weather service states, crediting "the incredible frequency of arctic air masses this winter, combined with persistent snow cover."
Now, as more natural gas refueling stations are beginning to sprout up in Texas and around the country, the fuel is catching more interest from companies of all sizes.
The number of publicly accessible compressed natural gas refueling stations has jumped by about a third nationwide since 2012, to 664 stations, according to data from the U.S. Department of Energy. Most fleets run on compressed natural gas. Some long-haul trucks use liquefied natural gas, which is more expensive but also more dense, enabling trucks to carry more of the fuel.
As early adopters begin enjoying the benefits of natural gas, other companies may follow suit, said Mark Gamber, a Houston account manager for Clean Energy Fuels Corp., which owns refueling stations nationwide.
“It’s the whole snowball effect,” Gamber said. “As a fleet starts to do it, their competitors see that they’re doing it and they look at why they are doing it.”
Economic considerations are the main motivation for making the switch.
Apple Towing, based in Houston, has six natural-gas powered vehicles in its fleet of 35 trucks, said general manager Don Royal.
Leading the way: Houston’s growing alternative-fuel fleet among nation’s largest
The company spent about $1 million on diesel fuel costs annually, but is looking forward to lowering that tally with natural gas, Royal said.
“It’s just gone up and up and one of our biggest expenses is the doggone fuel,” he said. “So we’re just trying to cut expenses and that’s one of the ways to do it.”
More demand for the fuel for transportation purposes could help boost profits for natural gas companies — including Houston-area producers Anadarko Petroleum Corp. and Apache Corp., which have been at the forefront of efforts to promote the fuel for vehicles.
Houston-based Lodge Lumber, which has a fleet of eight trucks, began using its first compressed natural gas-powered vehicle last year. The truck is decorated with a specially printed wrap that touts the company’s use
Article in Fuel fix.
HOUSTON — Natural gas has become the fuel of choice for several large companies with vehicle fleets. Now, smaller firms are beginning to catch on to the trend, too.
With a little nudging, companies that don’t have their own refueling stations are finding ways to start moving their goods and workers on natural gas.
“The fact that it’s $2 a gallon cheaper makes it a no-brainer,” said Mike Little, director of transportation for Bryan-based Mid South Baking, which delivers buns and other products to quick-serve restaurants across the South.
On an energy equivalent bases, diesel costs around $3.65 per gallon in Houston compared to around $2.19 a gallon for natural gas, according to data from AAA and Houston-area natural gas stations. Natural gas has been more than $2 cheaper than diesel at times over the last two years.
Cheaper fuel: Gas for $1.52 in the heart of Houston
Fuel savings that large have meant a lot for The Woodlands-based NewTexPlumbing, said William Collora, who owns the company.
“We can beat the competition with the savings we get on our trucks,” Collora said. “We’ll be more competitive than they will be and that’s the goal.”
National giants including AT&T, UPS, Waste Management and Frito-Lay have committed hundreds of millions of dollars to buying natural gas vehicles. AT&T alone spent $350 million by the end of last year for a fleet of more than 8,200 natural gas vehicles, according to the company.
But while big business has been able to invest in building refueling stations and buying vehicles that can benefit from the deep price discounts for natural gas, the option hasn’t been as accessible for smaller companies and consumers
to a certain extent you are correct, but here in western ND we had a Early December cold/like -29 below temps and heaters large enough to heat cattle barns were moved in by the neighbors sales force in a matter of 3 days..
Also after about so long of trying to move snow with the system you have , you realize that a larger more powerful system is required.. when winter hits hard and early people realize they have to make changes , cause spring may still be 90+ days away. don
Not Quite Spring here on the Prairie, but it is 3 degrees above today Sunny, and NO wind.
The real reason I have discussed the Cold on the Prairie so much this winter is that it is factual.. I used Wunderground weather Almanac for Hettinger Nd ( the closest gov weather station ).
Since Dec 1 2013 this is the 69th day.. in those 69 days, the Cold temp recorded for the day has set a ALL Time cold Record 12 days, and Tied the Old record on 2 occasions..
in Dec 2013 a total of 8 record cold days, and 1 day record tied..In the month of Jan 2014 2 days of record cold, and so far in Feb of 2014 2 days of record cold temps and 1 day record tied.. these record or tied record days represent 20.28 % of the 69 days.
I am NOT complaining cause I got NG heat and the furnace works, I am invested in the NG utility..
The Folks hurting are those with Cows and Heifers out on the open range, and those Folks trying to put gain on Steers in some of the local feed lots...I swear they eat up and burn off to keep warm More grain then they are worth this winter.... I do not own any and am thankful for that..
They talk about Money flow on the Wall street shows every day, well the Money here on the Prairie is flowing in directions this year different them normal..
Stay warm... don
AP article. use to compare to Knife river. don
Vulcan Materials Co., which sells gravel, sand and other materials used in construction, said Thursday that its fourth-quarter net income nearly tripled thanks to the recovering residential construction industry.
Shares of Vulcan rose $5.74, or 9.6 percent, to $65.93 in afternoon trading. Earlier, its shares jumped to $67.97, their highest point since January 2009.
Vulcan CEO Don James said he expects 2014 to be a good year in the construction industry. He expects demand from residential and non-residential building, highways and other public infrastructure to increase from the previous year for the first time since 2004. Aggregates shipments for the year are expected to rise between 4 percent and 7 percent from the previous year, he said.
During the fourth quarter ending Dec. 31, Vulcan said net income rose to $9.1 million, or 7 cents per share. That compares with net income of $3.5 million, or 3 cents per share, in the same quarter a year ago.
Net sales excluding delivery revenues rose 14 percent to $652.9 million from $574.9 million. Its adjusted earnings from continuing operations amounted to 8 cents a share in the latest quarter.
Analysts expected an adjusted loss of 4 cents per share and net sales of $620.7 million, according to FactSet
For 2013, the company reported earnings of 19 cents per share, compared with a loss of 41 cents per share in 2012. Net sales rose 9 percent to $2.63 billion in 2013 from $2.41 billion the year before
Billings at -21 below, Casper at -25 below and SW ND and Rapid city SD at -15 below 0 this morning.. when this mixes with with all the west coast moisture this weekend , into next could be another big snow storm in center of USA..
I DID NOT hear one word from the MDU spokesman about how many Million Dollars MDU has invested in new infrastructure.. don
Here is the verbiage that was used in the local TV segment on this rate case.. KX news.
may notice a difference in your utility bill in the near future.
Montana Dakota Utilities and AARP each present a proposal to the North Dakota Public Service Commission on MDU's natural gas rate.
On average, MDU customers are paying a minimum of 9 dollars per month before any gas is even used.
In MDU's new proposal, residential customers would be charged a flat rate 18 dollars each month.
But according to Mark Hanson with MDU your bill won't be that much higher.
"On average, it'll be $2.72 a month in our proposal - that's how much more a customer would pay. So we say the base rate charge will go from nine dollars to 18 so some people are focused on that and saying that's a big increase, but what's being taken away is that delivery cost so that no longer will be there," says Mark Hanson, Spokesman, Montana Dakota Utilities Co.
AARP opposes MDU's proposal saying many older customers can't afford it -- and they already conserve energy to keep their costs down.
"Anytime you double the fixed charge piece of it and mitigate people's efforts to conserve, we have a concern. And so we've come to ask the commission to do everything they can to help those North Dakotans that might be older and that might be living on fixed or limited incomes see their bills stay as steady and as low as possible," says Josh Askvig, Associate State Director - Advocacy.
The commission will review both proposals.
No decision was made today
here is the Duluth paper article. don
The Duluth Area Chamber of Commerce has announced its board of directors has voted unanimously in support of the proposed PolyMet copper mine project.
Chamber president David Ross said the vote was to “support advocacy for the PolyMet project.”
“And to go beyond that and state that we are here to encourage decision makers to allow this project to proceed,” Ross said in a video statement.
The Chamber has about 1,100 member businesses in the Duluth area.
The Chamber’s support comes as the PolyMet project moves through the public-comment period of its environmental review. That process is slated to conclude March 13. After that, state and federal regulatory agencies will have to decide whether the review is adequate or not and then whether to issue permits for the project to move ahead.
Supporters say the mine and processing center north of Hoyt Lakes, which would be Minnesota’s first copper-mining operation, would help solidify the region’s economy with 300 full-time jobs for 20 years, as well as spur construction jobs and spinoff economic benefits.
Critics say the project has too many unanswered questions, such as how runoff and wastewater will be effectively collected and treated so as not to pollute rivers in the region, and who will pay for that treatment, potentially for decades after the mine is played-out.
and the refinery has large tankers of foam ready to respond.
“They can actually handle most of their calls on their own, but we provide assistance. We respond as support, as backup,” Panger said. “We know we’re Wisconsin’s energy hub; that it all comes through here, so we take that into account when we purchase our new rigs and in our training. There’s a lot of oil moving through Superior.”
Twin Ports an oil hub
Exactly how much oil moves might surprise some people.
The oil moving out of Superior by rail is a small part of Calumet’s business. The refinery handles about 40,000 barrels (1.7 million gallons) of oil per day, making gasoline, diesel fuel, asphalt and other refined petroleum products.
Yet Calumet’s operations are a small part of the millions of gallons of oil that flow through the Twin Ports each day. Most of that oil comes and goes in pipelines without notice, below ground, out of sight and out of mind.
Just down the road from Calumet, Enbridge Energy brings 2.31 million barrels (more than 97 million gallons) into its Superior terminal each day — and pumps 1.87 million barrels out of Superior.
The difference, 438,600 barrels (18.4 million gallons) per day, goes to Calumet or Plains Midstream or is stored in Enbridge tanks.
And Enbridge has a lot of tanks.
Across the street from Calumet, Enbridge can store 8.5 million barrels (357 million gallons) in multiple tanks in Superior, and is adding 1.28 million more barrels of storage capacity this summer.
“We also recently announced plans to construct another three 644,000-barrel tanks that will be constructed this summer and come into service in 2016,” Becky Haase, an Enbridge spokeswoman, said. That’s another 1.93 million barrels of storage.
That will enable Enbridge to store more than 11.7 million barrels
(495 million gallons) of oil in Superior at a time.
Enbridge has so much storage capacity to keep different oil destined for different refineries separate, Haase said.
That’s the same reason Calumet is eying moving oil by Great Lakes tanker to eastern refineries, to get those refineries cheaper western oil, at least until new pipelines are built.
At Calumet’s oil by rail operation, the crude comes into Superior in Enbridge Energy pipelines and can move out on either BN or CN rail lines. Indiana-based Calumet isn’t refining the oil, just transferring it from one kind of transport to another, and making a little money in the process.
Unlike the 100-car, all-oil unit trains that leave North Dakota oil terminals every day, oil cars usually make up part of the full trains leaving Superior.
Schade said Calumet takes extensive precautions to make sure the leased cars are loaded safely, with crews going through a two-page safety checklist with each loading.
While safety officials have criticized the age of the U.S. tanker car fleet as one safety hazard, Calumet is using newer rail cars with added safety features, including double walls. Most of the cars were built in 2012; all of the cars are 2010 or newer, Schade said. The company’s loading process has been reviewed by the Federal Railroad Administration.
“We spent two months just identifying and working with gasket manufacturers to determine the proper gaskets for the railcars,” Schade said.
Schade also added that not all black rail cars leaving Calumet are filled with oil; about 60 cars per week are leaving Superior with Calumet’s asphalt products bound for road construction projects as far away as Arizona.
Calumet also has its own fire department, made up of refinery personnel, which can rapidly respond with foam and chemical retardants to battle any mishap.
Superior Fire Chief Steve Panger said his department meets regularly with Calumet officials to keep abreast of what’s going on. Two of Superior’s fire trucks are equipped to use B-foam to battle oil fires and the refinery has large tankers of foam ready to respond.
Article is from todays Duluth paper. don
It’s just a small piece of the North American oil bonanza pie, but Wisconsin’s only refinery quietly is moving more oil by rail.
In 2012, Calumet Superior LLC built a $10 million train-loading oil terminal across the street from its refinery on the south edge of Superior, adding 18,000 feet of new track.
Calumet now is loading about 5,000 barrels (210,000 gallons) of oil per day by rail, refinery manager Kollin Schade said.
“This was never intended to be a major part of our operations,” Schade told the News Tribune during a recent tour. “But if we have customers that have a need, we can help fill that.”
Calumet’s effort is part of a national trend spurred by oil production outpacing pipeline capacity. In 2008, 9,500 carloads of oil moved on major U.S. railroads. By 2013, that had risen to more than 400,000 carloads. Each car holds between 590 and 630 barrels of oil, about 25,000 gallons.
Nationwide, the increase in oil moving by rail has spurred increased problems, including derailments, oil spills and serious fires. More oil spilled from railroad cars in 2013 — 1.15 million gallons — than in the previous 37 years combined, according to the U.S. Pipeline and Hazardous Materials Safety Administration.
Calumet’s rail oil operation is helping provide cheaper North American oil to eastern U.S. and Canadian refineries that otherwise have to buy more expensive oil from overseas. Many of those eastern refineries are not served by major pipelines from the west.
“They’re looking to get some of those cheaper barrels into their refineries and, right now, without new pipelines, rail is the best option,” Schade said. North Dakota’s Bakken oil can be $10, even $20 cheaper per barrel than North Sea Brent, and that can make a big difference for the profit margins of eastern refineries.
Yes, cold is here , Obama gone in less then 3 years..LNG Exports start in 2016..If the country is not a Third world power by 2017 life should be good.. JMHO
This I copied from another blog today bruce is reporting
A reader noted this with regard to Texas, cold, and wind:
... on Monday morning only 17 percent of ERCOT’s wind capacity (1,782 megawatts of the approximately 10,400 megawatts of wind capacity) were operating at that time. According to Fuel Fix, this means that "on Monday [wind] only contributed about 3.2 percent of electricity used during peak demand…"
It is obviously a judgment call whether 17 percent of capacity and 3.2 percent of total generation is indeed “massive quantities” of wind or merely middling amounts
( now I thought Texas was a state with some of the Most wind elec power generation, they and North Dakota. ) don