This should help
The nation's railroads are asking safety regulators to require that all existing tank cars that carry crude oil, ethanol and other flammable liquids be modified or upgraded to better withstand accidents or be "aggressively" phased out of service.
They are stopping short of recommending a deadline for the changes to the U.S. tank-car fleet or estimating the cost of the retrofits, which would be needed on 78,000 older tank cars and modifications to some of the 14,000 newer cars that don't already comply with its suggested changes. The groups said they would leave those deadline and cost details to the Pipeline Hazardous Materials and Safety Administration, the federal agency responsible for regulating tank-car safety, which is beginning to craft new rules on tank cars.
Trade groups representing the railroads—the Association of American Railroads and the American Short Line and Regional Railroad Association—plan to make their request Thursday.
Two troubling crude-by-rail accidents—the catastrophic accident in Quebec that killed 47 people last July in an inferno and another in Alabama last week—have shaken the rail industry at a time when crude oil shipments on the major freight railroads have ballooned to a projected 400,000 carloads this year from 4,700 carloads in 2006, according to the AAR.
"We're moving a lot more flammable liquids than we have in the past," said Edward R. Hamberger, chief executive of the AAR. "Quebec did happen. As we move into this new environment, we'd better take a look and say, 'What more can we do?'"
they are doing 330's which will get them to 30 if they tap the third bench. we should see results of those by middle to end of fourth quarter.
that is without the lower bakken/bakken silt and without the Red River. 330's will depend on amount of natural fracture in the area. if they do communicate it will be interesting to see if they try any enhanced oil recovery using the middle well to inject CO2 or other medium to push hydrocarbons to the adjacent bores
they will be at 30 in the good areas before too much longer.. and CLR is going to drill the Red River. Can you imagine getting 24 - 30 650k EUR wells per section and what that will make these companies worth
Bonanza Energy upgraded at Wunderlich as valuation is attractive again
Bonanza Creek Energy (BCEI +1.3%) is upgraded to Buy from Hold with a $60 price target at Wunderlich, which says valuation is attractive again in a less frothy market.
BCEI reported a strong Q3, in which revenues, production, pricing costs and earnings all exceeded expectations, and it released positive test results from Codell, Niobrara C, and extended reach lateral Niobrara B wells; BCEI plans to bring 14 horizontal Niobrara wells on line during Q4.
BCEI plans to provide its 2014 outlook next January, with production in Q1 2014 likely "lumpy" as wells from the "Super Section" will not come online until March, the firm adds.
just to be clear, I like both but at the prices that day SYRG seemed to ahve the most short term upside but will probably have a lot more volatility until they get their leases proved up
OAS is a premium buyout target though. think what could be done with this property and sufficient cap-ex to throw up a dozen 12 well pads and put em on line. the infrastructure needs to be built out and the science advanced but this company is sitting on a LOT of oil just waiting to be pumped.
thanks for posting that
slickwater is going to be a word you are going to hear a lot over the next year. KOG is resisting it. Sad.
look for another 10% + on the EUR's if I'm right
24 wells per dsu will be norm in good parts of play. that is my prediction
interesting on Red River. where is the CO2 source? is that testing in Montana or ND?
unrealized EUR's with high likelihood to succeed. their property is good, just got to prove it. read up on the brown dense too if you want to get in front. lot of interesting opportunities there. SWN seems to be in front of cracking the code to some high carbon content stuff. almost ready to place a wager in that play
will be interesting to see what EUR gets assigned to this well. not sure 400k EUR's are going to be economical.
too much liquidity in the market and it sloshes around in and out of sectors totally distorting fundamentals, jmho..
weak euro means strong dollar which hurts price of oil may be a fundamental for the sheeople running at the moment