you might want to look at stripper plants. product is too light. it will be interesting to see what that oil tested out at, what type of tankers those were, and what caused the explosion? ARII is on fire again.
RedRiver formation, deeper than 3 forks, thicker, higher organic contect, all indications are that Sheridan and Roosevelt county are going to be the most productive areas. Mostly vertical wells being drilled targetd at traps identifed by seismic
don't know about 75 but this stock is not trading on fundamentals right now. should be closer to 60 right now, especially with the price of ng right now.
this time in Virginia and not far from a heavily populated area.
will ARII ever catch up with demand
in the meantime....wheeeeeeeeeeeeeeee...this is a fun ride
listen for some color on Montana and plans for RR. I really hope they give some info or somebody drags it out of them with a question. They have been pulling lots of RR permits so something tells me that in the wells they have drilled to the RR they have found something they really like.
watch STO and WLL in the RR in Montana. TPLM land is also in the middle some of the supposedly better acreage for the RR in Montana. STO supposedly has a vertical well doing well, WLL is pulling lots of permits for the RR in Q1. They must have liked what they have found so far.
a recently completed well in STO Station Prospect is modeling over 350+ Mboe on a $3.5M +/- vertical
WLL is pulling lots of RR permits after completing a few RR wells recently
TPLM current pps has little to no value associated with their Montana property.
any good locations for Montana well info???
published last week. unless I am mistaken, this would be a RR well
In Roosevelt County, Statoil Oil & Gas LP reported the completion of the Nelson 27-22 1H, which has an SHL at SW SW 27-28N-57E (325 FSL/995 FWL) and a BHL of 19,872 feet at NE NW 22-28N-57E (279 FNL/1716 FWL). The Nelson reported an IP of 1,190 BOPD, 1,004 MCFPD and 1,044 BWPD.
can somebody fill in the blanks wrt this well? choke size? length of horizontal?
correct, not only could they book it as income now but they could gain a higher multiplier for Caliber and RP as a stand alone MLP. When they do spin them off the cash infusion is going to be substantial. I hope they keep more than 51% though unless there is a good piece of ground available or the RR in Montana shows some surprise that justifies substantial capex above current plan.
visit the ND Industrial Commission website and search by operator. information isn't updated daily but right now they are showing 63 wells by my quick count listed as confidential. those are flowing but results not posted yet. they include the wells being released this week.
the volume these last few days has been impressive. either a lot of shorts are covering in an orderly manner or somebody is taking a significant position. just chewing uphill through volume again today.
bad weather doesn't impact drilling as much. drill during the winter, frac at the first thaw as many and as fast as you can do them. The real challenge will be do they have the midstream capacity in place to get that much product to market.
even more telling than the production will be the longer term results of some of the 880 spacing unit wells (and validated EUR curves) and the recent well performance at 660'. TPLM said no problems at 600'. wish kog would try treating the 3 forks with 3 layers of wells like clr and others
and will this be the quarter they book reserves?
looks like somebody took your advice. bi volume today. took every share anybody wanted to offer. and still marched it up all day.
so you reduce imports from Venezuela, burn nat gas running the refineries, create good jobs in the refineries, and secure a source of oil from your neighbor that would be invaluable if the shipping lanes get messed up form a war, explosion in a canal or ???. all while preventing the Chinese from monopolizing the canadian resource and reducing the load on the railroads. nope, that makes too much sense
$64 gets my trading shares. as long as the downspacing isn't hurting the eur's bcei is solid. relieving midstream pressues is key. wish they would start a gas collection/processing company ala TPLM and caliber. solve your midstream problems so wells can flow higher and make revenue from others. build it up, spin it into an MLP.
tidbit I read last night. OAS is one of John Paulson's largest holding, ahead of KOG.
wish BCEI would have been in WSJ article today. good read but too shallow/focused on Marcellus and nat gas.
look at OAS. One of John Paulson's biggest holdings and very undervalued. it has a lot of room to run right now