Unfortunately, with the pace of politics and judicial trials, etc. the "free pass" is going to continue. Do let us know when the bill is reintroduced in the PA legislature.
The decline in oil drilling in the US should ensure that US production peaks by April or May.
LONDON, Jan 26 (Reuters) – The decline in oil drilling that has occurred so far across the United States is probably enough to ensure U.S. production peaks by April or May, though that might not be evident until June or July given delays in publishing production records.
If the number of active rigs continues to decline in the next few weeks, which seems likely, it is reasonably likely U.S. oil production will be falling by June or July 2015.
In North Dakota, the number of rigs drilling for oil has fallen by almost a quarter in less than four months, according to oil field services company Baker Hughes.
Baker Hughes puts the number of active drilling rigs in the state at just 147 last week, down from 189 at the beginning of October, and the lowest number since December 2010.
Baker Hughes counts rigs as active only when they are actually drilling – from the time the rig breaks ground and the well is spudded to the time the rig reaches target depth.
The company excludes rigs in transit, moving in and rigging up, or engaged in non-drilling activities such as production testing.
North Dakota's Department of Mineral Resources (DMR), which uses a slightly broader definition, puts the count higher at 157 but shows a similar decline over the last three months.
Moreover, of the 157 rigs included in the department's active list, 27 are recorded working on projects that began in 2014; it remains unclear whether they will be deployed on new wells.
From the article:
"National Cattlemen's Beef Association spokesman Chase Adams said beef producers are making improvements without government intervention. They have reduced emissions to water by 10 percent and cut production of greenhouse gases by 2 percent from 2005 to 2011, the trade group spokesman said, citing a report released last year."
Their pace of progress isn't going to cut it.
Re the COR/UPL deal, I'd say that COR is fine, so long as UPL doesn't file bankruptcy, which I don't imagine happening.
From the following, I'd say that COR has a take or pay deal with a triple-net 15 year lease with rent escalation built in:
The 15-year triple net lease provides a minimum annual base rent of $20 million, subject to an inflation adjustment. The lease also includes an additional participating rent based on volume growth of liquids in the LGS. The total rent (minimum plus participating) is capped at $27.5 million annually for the initial 15-year term. At the conclusion of the initial term, UPL’s subsidiary may renew the lease for additional, successive 5-year terms. UPL’s subsidiary will operate the LGS and will retain responsibility for maintenance and other capital expenditures required for its operation. UPL and one of its wholly-owned subsidiaries guarantee the lessee’s obligations.
UPL was incorporated in 1979 and is an independent oil and gas company engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. UPL leases approximately 93,000 gross (53,000 net) acres in and around the Pinedale and Jonah natural gas fields of the Greater Green River Basin in southwest Wyoming. The most recently available EIA data, dated 2009, indicated that the Pinedale field was among the top five U.S. natural gas plays based on proved reserves. As of December 31, 2011, UPL held an approximately 50 percent working interest in approximately 1,700 producing wells in these fields. The Pinedale and Jonah fields have estimated natural gas reserves of over 48 Tcfe as of December 31, 2011.
As of December 31, 2011, UPL had an estimated 4.3 Tcfe of proved reserves and 10.2 Tcfe of proved, probable and possible (3P) reserves in the Pinedale and Jonah fields. UPL’s third-party reservoir engineering firm, Netherland, Sewell & Associates, Inc., has identified an inventory of ov
Yes, to your logic. "Fraud"!!! that's a misuse of that word in Nat's case. 2015 has to be their year else they will be up in smoke, IMO. Judging by today's optimistic PR, I'd say it going to take considerable time for them to complete their technology and get it ready for production. As always, time will tell.
Grossed $940,000, a long way from the $1.6 million they were looking for, but it keeps the lights on and hopefully they can get through the next step or two to prove up the potential for the heap.
More nibbling today - maybe a half dozen 1000 share trades and a couple of others. With a pretty small float, this thing is scary. :-)
"Hemispherx Biopharma (HEB) announced that in a new publication in the journal mBio, scientists at the U.S. Army Medical Research Institute of Infectious Disease, Harvard University, and Massachusetts Institute of Technology studied genetic changes in the Ebola virus circulating in West Africa and concluded that genomic drift of the EBOV over time may be sufficient to block the action of otherwise potential therapies that target EBOV genetic sequences."
I think it's going to take a number of lawsuits against the bigger polluters to get any action so there's not going to be any near-term action but first some PA legislation favoring implementation of BION's technology has to be enacted to get going.
"large scale" - that certainly seems to be an understatement - what's the PA potential alone, 50 to 100 sites?
Should the stars align for BION in a few states/watershed areas, what is the company's end-game? No way could BION ramp up to handle a flock of Kreider Farms so are you going to license the technology to companies capable of building multiple sites simultaneously and just collect royalties on every gal/ton of sewerage processed - that's what I see.
Read a couple of articles on the Cargill/Buffalo River fiasco. Bet they will appeal but, if and when they lose, it will be interesting as to what they do with that pollution site, i.e., how they remedy it.
Only if there's good news re Patient #2.
and the PPS didn't collapse so I hope that means that they got enough money to stay alive and move on to the next few steps in their plan. Hoping for a PR re the amount of cash they rounded up via the offering.
Guess I really don't care so long as we get timely answers to the Ebolacide questions from Indiana rather than the Army's site but why didn't they send the samples to the Army?