Yep, its the Billings Montana refinery. It gets the majority of its light crude from Wyoming and its heavy crude from Alberta Canada. It isn't a huge refinery, but does about 60K bbls/d of throughput (I would have to check that).
We currently own $CLR and like it more for its STACK leasehold than core Bakken. It seems to be doing the right things, hopefully Mr. Hamm continues to do so.
Some think it could be the best geology in the US, but we don't know for sure. It will take some time, but given the initial results it will be an excellent play whether it is better than the Permian or not. The nice thing is those breakevens are coming down even more this year. Things should get interesting by year end.
Not to say that Einhorn doesn't know what he is talking about, but he did highlight some names that will be around for a very long time. He was right, just incorrect about how big the "fallout" would be. At least he swung for for the fence.
Thanks for commenting Alexa and Michael. Great question, and one that I should have described better or in more detail in the article. A zipper frac is done on one well pad with several drilled but un-completed welds are located. The completion crew can complete those wells at (not exactly the same time) the same time. Once the crew gets started on the first it starts the second and the third, etc. it saves a significant amount of time which also saves a lot of money. The more wells done on one pad the more money saved
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Bakken Update: How To Invest In The Delaware Basin Part 1
Oil rigs up one, total rigs up 8.
Bakken Update: How To Play The Delaware Basin As Oil Prices Recover
Yep, its the Billings Montana refinery. It gets the majority of its light crude from Wyoming and its heavy crude from Alberta Canada. It isn't a huge refinery, but does about 60K bbls/d of throughput (I would have to check that).
Bakken Update: How To Play The Delaware Basin As Oil Prices Recover
Thank you Rhiannion! I appreciate it!
Bakken Update: How To Play The Delaware Basin As Oil Prices Recover
The U.S. oil rig count remains unchanged at 406 following eight consecutive weekly gains, Baker Hughes says in its latest survey.
The total U.S. rig count, which includes a drop of 2 rigs drilling for natural gas to 81, fell by 2 to 489.
Bakken Update: Newer Well Designs Are Frac Sand Intensive And Good For The Producers
Thanks Craig,
I appreciate your input in any form. Have a great weekend buddy!
Bakken Update: Well Economics Are Improving As Costs Decrease And Enhanced Completions Improve Production, Part 2
Thanks James,
We currently own $CLR and like it more for its STACK leasehold than core Bakken. It seems to be doing the right things, hopefully Mr. Hamm continues to do so.
Bakken Update: Well Economics Are Improving As Costs Decrease And Enhanced Completions Improve Production, Part 2
Thanks James,
Some think it could be the best geology in the US, but we don't know for sure. It will take some time, but given the initial results it will be an excellent play whether it is better than the Permian or not. The nice thing is those breakevens are coming down even more this year. Things should get interesting by year end.
The Smartest Guy In The Oil E&P Room?
Not to say that Einhorn doesn't know what he is talking about, but he did highlight some names that will be around for a very long time. He was right, just incorrect about how big the "fallout" would be. At least he swung for for the fence.
Bakken Update: Rig Counts Tell Us Little As Horizontal Production Has Changed The US Oil Market
Your welcome Dan, let me know if you ever have any questions.
Bakken Update: Rig Counts Tell Us Little As Horizontal Production Has Changed The US Oil Market
Thanks for commenting Alexa and Michael. Great question, and one that I should have described better or in more detail in the article. A zipper frac is done on one well pad with several drilled but un-completed welds are located. The completion crew can complete those wells at (not exactly the same time) the same time. Once the crew gets started on the first it starts the second and the third, etc. it saves a significant amount of time which also saves a lot of money. The more wells done on one pad the more money saved