google splitter plants. think about how light/sweet the bakken oil is. the splitter plants can "refine" bakken oil very fast and then it can be exported. keep your eye on this, it is picking up steam in the eagleford and bakken is lighter so will split even easier
they haven't drilled it yet. that kind of makes it impossible for it to be proven. WLL, others have drilled around them and found commercial wells in the three forks.
TPLM has two cash machines, Rockpile and Caliber, generationg a lot of free cash flow that is independent of price of oil. They also have a lot of land just across the border in in Montana that has no value in their current price per share.
me too. Win, are you in ARII? Just hit a double there and took half off. Look at that chart. makes me think I should pull it all. trading shares of KOG popped the other day. where is the value today? and prefer one with volume. HK??
SA had another good article on it today. Filloon does a good job explaining the advantages of using more sand and how EOG has proven that it works.
correct. read what WLL said about their land there in their conference call. The stacked play economics are much better than in the bakken with the three forks included. Wells are cheaper, price for product is better.
it appears to me that OAS is happy to follow when it comes to well completion techniques and somewhat slow to implement when they do follow. The geology is good, the passive nature of management can test your patience.
first test of the 600 foot downspacing that is going to result in 16 - 20 well pads. no communication. more wells per dsu = more $$$$
Polar Pilot 2.0 Update
Downspacing work continues in the Company's Polar operating area. Subsequent to year end, Kodiak placed into production the first four well pad consisting of two Middle Bakken and two Three Forks wells spaced approximately 600-650 feet apart in each reservoir. The Company plans to test at least 16 wells within this 1,280-acre drilling spacing unit (DSU) with eight wells in the Middle Bakken and eight wells within the Three Forks. This four well pad is located immediately east of the initial 12 well pilot program which tested spacing of approximately 800-850 feet apart. The initial rates for the first four well pad are shown in the table below.
yes, 32 would be a nice number to hold. as long as buffett owns BNSF rail will be the way and the new regs will only help. they will need to expand to meet demand or lose market share though
yes but KOG seems to be sandbagging their reserves right now. Book em and you pay taxes on em maybe??they have no need to increase the LOC so there is no rush to book reserves. Spend a long time documenting so when you do get a reserve report you get good numbers across a wide area at once and then the spring uncoils.
yes somebody was selling to price those options out of the money. wonder if the one who sold the calls sold some stock to zero out the option value. no fundamental reason OAS should be where it is still