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Bakken Field in ND

Faster horses

Well-known member
Got it from one of the horses' mouths today that things are really slow
there......Obama has cancelled (or denied) hundreds of drilling permits. Everyone is waiting to see if he gets re-elected. If he does it won't bode well for that oilfield.

Trucks are just sitting, waiting...sad, isn't it?
 
A

Anonymous

Guest
Faster horses said:
Got it from one of the horses' mouths today that things are really slow
there......Obama has cancelled (or denied) hundreds of drilling permits. Everyone is waiting to see if he gets re-elected. If he does it won't bode well for that oilfield.

Trucks are just sitting, waiting...sad, isn't it?

Must be the reason our counties unemployment DROPPED to 3.9% last month- and Richland Counties DROPPED to 2.6% .. :wink: :roll: :lol: :lol:
 

hypocritexposer

Well-known member
Faster horses said:
Got it from one of the horses' mouths today that things are really slow
there......Obama has cancelled (or denied) hundreds of drilling permits. Everyone is waiting to see if he gets re-elected. If he does it won't bode well for that oilfield.

Trucks are just sitting, waiting...sad, isn't it?


the rig count is down by about 10% in ND, from last year.


Montana's is almost 3 times what it was last year, at this time. 25, compared to ND's 175
 

TexasBred

Well-known member
Oldtimer said:
Faster horses said:
Got it from one of the horses' mouths today that things are really slow
there......Obama has cancelled (or denied) hundreds of drilling permits. Everyone is waiting to see if he gets re-elected. If he does it won't bode well for that oilfield.

Trucks are just sitting, waiting...sad, isn't it?

Must be the reason our counties unemployment DROPPED to 3.9% last month- and Richland Counties DROPPED to 2.6% .. :wink: :roll: :lol: :lol:

I do believe he said North Dakota. :wink: :lol: :lol: :lol:
 

Steve

Well-known member
Progress Denied: A Study on the Potential Economic Impact of Permitting Challenges Facing Proposed Energy Projects

Executive Summary

This study estimates the potential loss in economic value of 351 proposed solar, wind, wave, bio-fuel, coal, gas, nuclear and energy transmission projects that have been delayed or cancelled due to significant impediments, such as regulatory barriers, including inefficient review processes and the attendant lawsuits and threats of legal action. These energy projects were reviewed and catalogued by the U.S. Chamber of Commerce as part of its Project No Project initiative and are available at www.projectnoproject.com.

Therefore, the total potential economic and employment benefits of the subject projects, if constructed and operated for twenty years, would be approximately $3.4 trillion in GDP, including $1.4 trillion in employment earnings, based on PDV, and an additional one million or more jobs per year.
http://www.uschamber.com/reports/progress-denied-study-potential-economic-impact-permitting-challenges-facing-proposed-energy

twenty million new jobs denied just in energy and moving energy ....

imagine how many are lost in pre-production and end use of all the denied projects?

read more at http://www.projectnoproject.com/

The study has produced several significant and insightful findings: For example, the authors find that successful construction of the 351 projects identified in the Project No Project inventory could produce a $1.1 trillion short-term boost to the economy and create 1.9 million jobs annually. Moreover, these facilities, once constructed, continue to generate jobs once built, because they operate for years or even decades. Based on their analysis, Pociask and Fuhr estimate that, in aggregate, each year the operation of these projects could generate $145 billion in economic benefits and involve 791,000 jobs.

and this is only the tip of the iceberg in denied projects..
 

Faster horses

Well-known member
OT, this was in the Farm and Ranch Weekly, Oct. 24, 2012 and
I took this paragraph DIRECTLY from the paper:

Gillette, Wyo. AP

"After several years of booming, oil development in the Bakken oilfield in North Dakota is leveling off. Plus constant advances in in drilling technology have prompted oil companies, including Anadarko and Devon Energy and servicing companies such as Schlumberger, to turn their attention to Converse County (Wyoming) giving some who left the area for work elsewhere an opportunity to return home."

So I don't know why your unemployment is so low, perhaps those people are over there making that $2000/night that you earlier said the women of
Fallon County were doing. :D
 
A

Anonymous

Guest
Faster horses said:
OT, this was in the Farm and Ranch Weekly, Oct. 24, 2012 and
I took this paragraph DIRECTLY from the paper:

Gillette, Wyo. AP

"After several years of booming, oil development in the Bakken oilfield in North Dakota is leveling off. Plus constant advances in in drilling technology have prompted oil companies, including Anadarko and Devon Energy and servicing companies such as Schlumberger, to turn their attention to Converse County (Wyoming) giving some who left the area for work elsewhere an opportunity to return home."

So I don't know why your unemployment is so low, perhaps those people are over there making that $2000/night that you earlier said the women of
Fallon County were doing. :D

Isn't Fallon County pretty close to Richland County... :wink: :lol: I didn't note all the counties rates but I think all those near the border (except Roosevelt- reservation county) had unemployment rates in the 2% range....
Maybe they are moving west- as they just had a big meeting in Roosevelt county about building a huge new housing development at Bainville...

All the talk I've heard from the oil folks, the Pipeline folks, and the Railroad CEO have been just the opposite-- that the oil activity is here to stay for quite some time..
 
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Anonymous

Guest
Montana oil lease sale could mark Bakken expansion

2012-10-24 The Associated Press



BILLINGS — A Texas company has bought oil and gas leases on almost 75,000 acres in northeast Montana's McCone County in a move that could portend a significant westward expansion of the Bakken oil patch, government officials and a company representative said Wednesday.

San Antonio-based Donco Inc. paid more than $13.5 million for the leases in a competitive auction held Tuesday by the federal Bureau of Land Management. It marks one of the largest federal lease acquisitions by a single company in Montana in recent years, BLM spokesman Kristen Lenhardt said.

Donco is the parent company of Shale Exploration LLC.

Shale Exploration President Sam Tallis said Wednesday that the company aims to amass leases on roughly 200,000 acres in McCone and neighboring Garfield counties. He said drilling could begin next year.

The Bakken region of western North Dakota and eastern Montana has emerged in recent years as one of the most productive oil patches in the U.S. The area being targeted by Shale Exploration has seen only limited drilling to date, said Tom Richmond with the Montana Board of Oil and Gas.

"It's new interest in the area," Richmond said.

Tallis said his company is confident the McCone-Garfield area has other oil-bearing geological formations in addition to the Bakken, located at different depths beneath the surface.

"This is a step away from where most people believe the conventional Bakken is," Tallis said. "A lot of people call it the end of the road because it's the last possible place for the Bakken, to go that far. But we tend to like it because there are other formations."

The leases bought by Donco accounted for 153 out of 244 oil and gas parcels sold at Tuesday's BLM auction, Lenhardt said. Total proceeds from the sale topped $16 million. That included 7 parcels sold in South Dakota, with the remainder in Montana.

Shale Exploration previously has been active in other parts of Montana, including Daniels County, where it partnered with the much-larger Apache Corp. to drill on leases it amassed there.

Richmond said it's too early to say if the intensive drilling activity seen in Montana counties closer to the North Dakota border is repeated in McCone County.

For now, he said, it remains a "lease play," meaning companies such as Shale Exploration are scrambling to snap up leases on public and private land in anticipation of future development.

"Lots of time leasing plays get a life of their own," he said. "The leasing starts first, and at some point in time the assumption is that somebody's going to drill a well someplace, and prove or disprove the play."

Tallis, who works out of Billings, referred to Montana as "the best kept secret in oil and gas" and said he and majority owner Sid Greehey are in it for the long haul.

In April, Shale Exploration donated $130,000 to the Scobey Public Schools in Daniels County to purchase iPads — tablet computers made by Apple Inc. — for all the district's students. A month later, the company donated $20,000 to the Montana Rescue Mission Women's and Family Shelter in Billings.

Tallis said he hopes to establish a similar close relationship with residents of Garfield and McCone counties.

"Whether it's iPads or something else, we want to partner with the community," he said.

Ironically- this is this mornings local talk of the day on Face Book... Oil companies moving west- into more "dinosaur country"...These counties are also the counties where BNSF railroad owns or controls large sections of land that they have been looking at mining coal in and building a coal gasification plant...
 
A

Anonymous

Guest
TexasBred said:
They didnt by those leases....they stole them.

Leases are a lot cheaper here than anywhere in the country- and always have been just because of millions of acres available- with most wanting to lease just to get them to drill... And then with all the government land (federal and state) being leased even cheaper (state land leases going for $5 an acre) and millions of acres to choose from-- if you get a hundred $ or more an acre they know the rigs must be moving in next week :wink: :lol:

Don't listen to some of these Repub rose colored glass wearing biased folks that tell you there is no prime land to drill on-- there is millions- government and deeded land just waiting for the oil companies to get enough rigs....

Went to the cow sale today- and afterward talked with a construction/lumberyard owner from Sidney-- and he says they can't get the raw material in fast enough to cover the orders....Said between Glendive and Circle they are building a huge oil tank facility with railroad loading site for oil...

Naw-- rumors are being started by every biased R cult naysayer around- but as we talked today-- cattle prices for the year have never been higher- just sold my wheat at $9 a bushel (and many said I should have waited - and are holding out for $10)-- and the economy up here is BOOMING with all indications it won't change for sometime... :)
 

gmacbeef

Well-known member
Oldtimer said:
TexasBred said:
They didnt by those leases....they stole them.

Leases are a lot cheaper here than anywhere in the country- and always have been just because of millions of acres available- with most wanting to lease just to get them to drill... And then with all the government land (federal and state) being leased even cheaper (state land leases going for $5 an acre) and millions of acres to choose from-- if you get a hundred $ or more an acre they know the rigs must be moving in next week :wink: :lol:

Don't listen to some of these Repub rose colored glass wearing biased folks that tell you there is no prime land to drill on-- there is millions- government and deeded land just waiting for the oil companies to get enough rigs....

Went to the cow sale today- and afterward talked with a construction/lumberyard owner from Sidney-- and he says they can't get the raw material in fast enough to cover the orders....Said between Glendive and Circle they are building a huge oil tank facility with railroad loading site for oil...

Naw-- rumors are being started by every biased R cult naysayer around- but as we talked today-- cattle prices for the year have never been higher- just sold my wheat at $9 a bushel (and many said I should have waited - and are holding out for $10)-- and the economy up here is BOOMING with all indications it won't change for sometime... :)

For GODS sake. Are you even dumber than I thought you were ? NEWSFLASH moron WE HAD A SEVERE DROUGHT in over 2/3 of the country this summer. Cattle are high because the numbers are DOWN, Grain is High because The yeilds aren't worth a DAMN !!!!!!!! YOUR sorry DUMBASS PRESIDENT HAD NOTHING ,I REPEAT ABSOLUTELY NOTHING TO DO with ag commodities prices. Jez-o-pete man pull your old drunken head out of your ASS. :shock:
 

ranch hand

Well-known member
You are so dumb, inflated prices bring more for the government and with high expenses with the amount to deduct going down further because Obama is taking away legit business deductions. You will put less in bank than you did 4 years ago
 

Whitewing

Well-known member
gmacbeef said:
Oldtimer said:
TexasBred said:
They didnt by those leases....they stole them.

Leases are a lot cheaper here than anywhere in the country- and always have been just because of millions of acres available- with most wanting to lease just to get them to drill... And then with all the government land (federal and state) being leased even cheaper (state land leases going for $5 an acre) and millions of acres to choose from-- if you get a hundred $ or more an acre they know the rigs must be moving in next week :wink: :lol:

Don't listen to some of these Repub rose colored glass wearing biased folks that tell you there is no prime land to drill on-- there is millions- government and deeded land just waiting for the oil companies to get enough rigs....

Went to the cow sale today- and afterward talked with a construction/lumberyard owner from Sidney-- and he says they can't get the raw material in fast enough to cover the orders....Said between Glendive and Circle they are building a huge oil tank facility with railroad loading site for oil...

Naw-- rumors are being started by every biased R cult naysayer around- but as we talked today-- cattle prices for the year have never been higher- just sold my wheat at $9 a bushel (and many said I should have waited - and are holding out for $10)-- and the economy up here is BOOMING with all indications it won't change for sometime... :)

For GODS sake. Are you even dumber than I thought you were ? NEWSFLASH moron WE HAD A SEVERE DROUGHT in over 2/3 of the country this summer. Cattle are high because the numbers are DOWN, Grain is High because The yeilds aren't worth a DAMN !!!!!!!! YOUR sorry DUMBASS PRESIDENT HAD NOTHING ,I REPEAT ABSOLUTELY NOTHING TO DO with ag commodities prices. Jez-o-pete man pull your old drunken head out of your ASS. :shock:

Cattle prices have never been higher? I wonder if anyone bothered to adjust the numbers for inflation? I wonder if anyone takes into account the value of the dollar today?

Probably not.
 

hypocritexposer

Well-known member
Whitewing said:
gmacbeef said:
Oldtimer said:
Leases are a lot cheaper here than anywhere in the country- and always have been just because of millions of acres available- with most wanting to lease just to get them to drill... And then with all the government land (federal and state) being leased even cheaper (state land leases going for $5 an acre) and millions of acres to choose from-- if you get a hundred $ or more an acre they know the rigs must be moving in next week :wink: :lol:

Don't listen to some of these Repub rose colored glass wearing biased folks that tell you there is no prime land to drill on-- there is millions- government and deeded land just waiting for the oil companies to get enough rigs....

Went to the cow sale today- and afterward talked with a construction/lumberyard owner from Sidney-- and he says they can't get the raw material in fast enough to cover the orders....Said between Glendive and Circle they are building a huge oil tank facility with railroad loading site for oil...

Naw-- rumors are being started by every biased R cult naysayer around- but as we talked today-- cattle prices for the year have never been higher- just sold my wheat at $9 a bushel (and many said I should have waited - and are holding out for $10)-- and the economy up here is BOOMING with all indications it won't change for sometime... :)

For GODS sake. Are you even dumber than I thought you were ? NEWSFLASH moron WE HAD A SEVERE DROUGHT in over 2/3 of the country this summer. Cattle are high because the numbers are DOWN, Grain is High because The yeilds aren't worth a DAMN !!!!!!!! YOUR sorry DUMBASS PRESIDENT HAD NOTHING ,I REPEAT ABSOLUTELY NOTHING TO DO with ag commodities prices. Jez-o-pete man pull your old drunken head out of your ASS. :shock:

Cattle prices have never been higher? I wonder if anyone bothered to adjust the numbers for inflation? I wonder if anyone takes into account the value of the dollar today?

Probably not.


Everything is "a okay" in OT's neck of the woods. "The dollar has never been stronger"

:lol: :lol:
 

Faster horses

Well-known member
OT needs to get off his high horse. He sounds like a complete braggert.

"Looky, looky what I've got" and yet he denounces anyone that he thinks has any money. Everyone except Obama that is. :x
 

loomixguy

Well-known member
He feels like Diamond Jim Brady if he "thinks" he has more than you, but, depending on if you are a "D" or an "R", he will either get on his knees and satisfy, or attempt to publicly ridicule you and question how you got your "ill gotten gains". Simply pathetic. I know another just like him, and she is a big time lib, too. :roll:
 

Larrry

Well-known member
That is the beauty of liberalism, you can be a hypocrite and it is actually smiled upon if you are a liberal. But you have to admit many liberals aren't smart enough to realize they are a hypocrite.
 
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