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Bakken & ND

BK / WTI - Oil Futures Arresting The Decline Tight Oil Charts USA Oil Play's Map
The USA

Texas - Eagle Ford
Permian - Minus EIA
The World With Respect Voices Gone Falling Rig Count
Going For Broke

Deja Vu - 1982 Big Debt Now & Then - The Dow America's Pledge "New Bold Government"

The Bakken/North Dakota
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They Say It's So
The Info Told To Local's That The USA Has Proven Reserves Greater Then Saudi
Bakken/North Dakota - Boom Or Bust
Data For Bakken - Production - Decline - Hype - Equity - The Burgum Challenge Two Million Barrels A Day - Wood Mac Study USA To Produce 27 Million Barrels A Day By 2030 - The Equity Debt Spiral

North Dakota Tax Gimmicks
The Governor Is Calling For Budget Cuts - While The State Is Sitting On $8.6 Billion In Cash Of Taxpayer Equity

Bakken/North Dakota - Real Estate Boom Or Bust - Permits - Sales - Hype - Equity
"If The City Folk Have Their Way The Valley Will Die" - Orlin Hanson - Vanishing Minot

Hydraulic Fracking - Going To Far
Hidden Beneath The Ground ? Biocides
$4.0 Billion Cracker Plant To Be Built
1st Plant Announced Oct. 2014 - 2nd June 2015 - 3rd Sept. 2016
Will There Be A 4th, 5th & 6th?
The Game Changer Of Shale (Tight) Oil
Its The Water! Yes Water With Biocides
The Coming Bust In North Dakota ?

Drilling Deeper - 2018
A REALITY CHECK ON U.S. GOVERNMENT FORECASTS
FOR A LASTING TIGHT OIL & SHALE GAS BOOM

What If The Boom Is Just A Bubble

Glomerulonephritis Glomerulonephritis
You Assume The Position Therefore Know The Price

From the Exposure To Hydrocarbons & Chemicals

Glomerulonephritis & Chemicals

Flint Hills Resources - Oil Price Market Price - Bakken Sweet Crude
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Plains Marketing - Oil Price


"Finally we have an opportunity to go out and explore for oil and drill without fear of price collapse." Harold Hamm  - 10 - 2011
"How North Dakota Became Saudi Arabia" Without An IPO!

Dont Hold Your Breath For $70.00 Oil - & The Demise Of The Bakken
& The Coming Economic Disaster When They Do 02/2017

Even The President Has A Problem With The Price Of Oil - Is He Throwing The Frackers Under The Bus Or Saudi?
It Is Expensive Energy & War That Are The Net Destroyers Of Economy's!

No He Is Throwing Americans Under The Bus - His Tweet Was Fake News - Energy Independence - Bend Over

Five Year Average
2013 to 2017 - Low $36.28 - High $67.17
Ten Year Average
2008 to 2017 - Low $39.24 - High $78.45
Fifteen Year Average
2003 to 2017 - Low $33.78 - High $70.13

Bakken Sweet Crude Futures - Flint Hills Resources Futures - Years 2000 To 2018
Bakken Sweet Has Only Traded & Closed In A Year Time Frame Above $60.00 - Four Of The Past Eighteen Years

 
Price Per BBL - Time Frame One Year Candles


So I say  I say welcome, welcome to the boom town  Pick a habit We got plenty to go around  Welcome, welcome to the boom town
All that money makes such a succulent sound  Welcome to the boom town

Welcome To The Boom Town

Five Year Average
2013 to 2017 - Low $48.19 - High $79.51
Ten Year Average
2008 to 2017 - Low $52.90 - High $93.95
Fifteen Year Average
2003 to 2017 - Low $49.38 - High $85.21

NYMEX - WTI - /QM - Light Sweet Crude Futures - Years 2000 To 2018
WTI Has Only Traded & Closed In A Year Time Frame Above $60.00 - Eight Of The Past Eighteen Years
Price Per BBL - Time Frame One Year Candles


Is Unconventional Unproven Leading To Gas Condensate Not Oil ?

Is All The Oil In The Strategic Reserve Contaminated?
The US Is Selling Contaminated Oil? 03-2018

Oil In A Month Chart
Does It Look Like Oil Has Found A Bottom? - Is It Breakout The Drill Bits Yet? - Drill Baby Drill
"Oil Pioneer Harold Hamm Warns Fellow Producers: Don't Drill Yourself Into Oblivion - 06-2017"
Amazing How Trump Leaving The Iran Deal Can Move The Price Of Oil
Yet Alone It Is Expensive Energy & War That Are The Net Destroyers Of Economy's!
This Is Energy Independence - Price Is Soaring - Oil Being Exported - Bend Over





Well I don't mind stealing bread From the mouths of decadents
But I can't feed on the powerless When my cup's already overfilled

Temple Of The Dog - Hunger Strike

Does Anyone Think Any Of This Wont End Well
  S&P 500 Index Price Overlaid With The Price Of Oil - As Of 2018
The Divergence Of Reality Continues



Arresting The Decline
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"The hard reality is this: propping up zombie oil companies is only going to make the downturn last longer."
Who Should You Call To Arrest The Decline
What A Irony. Arresting The Decline. Long before oil price went in the toilet, Decline was everywhere. No one spoke much about her.
They seemed to deny that she was everywhere. They just kept feeding her and giving her more and more to decline.
They shrugged her off in quarterly conference calls. Experts and everyday people with calculators warned of her. Wrote of her, charted her.
Respected her. Warned of the day she would overtake their enabling addiction of drilling. Tryed to come up with ways to shut her down,
That just don't work in tight oil. So to have her arrested, who do you call? The police, the E&P's, the FBI, the NDIC, the TRRC, the media,
the banks, Wall Street. Probably all of the above. It will be difficult, very difficult to bring her in, she is lurking at every lease, behind every
pump, in every production tank. She is in the paper work, the permits, the earnings, she is the thought that crosses the mind and is brushed off.

Updated When All Three Report Same Month Data
Bare In Mind - Increased Production Only Seems To Decrease Price

The Combined Production Of The Three Largest Play's - Bakken - Eagle Ford - Permian Basin - Current Feb. 2018
3,715,018  bbls oil a day - Divided by (2008 to Current) 112,620 Wells - Is 33.0 bbls oil a day per well. 112,620 Wells Times An Estimated $8 Million Per Well Is $909.9 Billion


2018 Combined Production Of The Big Three - Bakken / ND - Permian Texas - Eagle Ford Texas - YTD Feb. 2018 - Down 80,045 Barrels A Day
Year To Date Feb. 2018 - Bakken Production Is Down 8,067 bbls Per Day
Year To Date Feb. 2018 Permian - Eagle Ford Production Is Down 71,978 bbls Per Day

  As Of Feb. 2018 - A Combined Count Of 3335 New Wells x $8 Million A Well Is $26.7 Billion
A Average BBL Per Day Well Production Of - (24.00) bbls Per Day
At A 2018 New Well Average Of The Big Three Of 33.0 bbls Per Well - You Would Need To Add 3516 Wells Today To Arrest Peak 2017 - 3,831,063
  If You Could Bring Them Online Today - 3516 x $8 Million A Well Is $28.1 Billion
What Are They Thinking !

The Problem With Oil Prices - They Are Not Low Enough

Bakken/North Dakota Average1 Permian Basin Average1 Eagle Ford Average

Bakken/ND - Permian - Eagle Ford - Combined Production - 2008 To Current 2018
In 2015 You Did Not See Candle Over Candle Growth - Nothing But Cross - Recross - Test - Of The 3.4 - 3.6 Mark - Doji - Doji - Vroooooooooooooom
2015 Ended As A Hammer - 2016 Ended As A Engulfing Bear Candle -
2017 Is A Engulfing Bull Candle - 2018 Headed Back Down


Tight Oil Charts
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Tight Oil & Conventional Oil - Daily Production - 2008 to Current 2018
Bakken/ND - BK/ND / Permian - PM - / Eagle Ford - EF  / Alaska - AK -
- All State & Federal Data Lags Two to Three Months In Reporting - No Data PM 1988
Alaska Peaked In 1988 - The  Bakken / ND & Eagle Ford Combined Have Offset That Decline
Texas Peaked In 1970 At 3,357,000 bbls Per Day. Texas Has Never Reached That Peak Again. The EIA Is Adding Condensate In Recent Production!

Texas & The EIA, The USA & Their Bad Numbers

Years Of Drilling & Fracking & Not The Bakken, The Eagle Ford Or The Permian, Have Surpassed Alaska Peak Production!


Tight Oil Well Count Added Each Year
Bakken/ND - In Production Since 1951 - Permian West Texas - In Production Since 1921 -
Eagle Ford - In Production Since 2008
BK/ND - Bakken/ND Is Actual Producing Count 2008 To 2012 - 2013 On Is Actual Well Completions Count As Reported By The NDIC
PM - Permian Is Permits 2008 To Current - EF - Eagle Ford Is Permits 2008 To Current


Gross Tight Oil Well Count Year Over Year
 
Bakken/ND - In Production Since 1951 - Permian West Texas - In Production Since 1921 - Eagle Ford - In Production Since 2008
BK/ND - Bakken/ND Is Actual Producing Count 2008 To 2012 - 2013 On Is Actual Well Completions Count As Reported By The NDIC
PM - Permian Is Permits 2008 To Current - EF - Eagle Ford Is Permits 2008 To Current




80% Of All ND & Bakken Production Comes From 4 Counties
Oil Production By ND County - dmr.nd.gov
USA Oil  Play's - Texas Numbers Are Crude Oil - EIA Texas Numbers Include Condensate!
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Looking back at a prairie town  People ask me why I went away  To fly with the best, sometimes you have to leave the nest  But the prairies made me what I am today
Prarie Town

Bakken / ND
1,162,071 bbls. oil a day
14,457 Wells
= 80.3 bbls oil a day per well
  Mar
. 2018

Niobrara Col.
430,000 bbls oil a day 
  Dec. 2017

Wyoming
222,000 bbls oil a day
  Dec. 2017


California
461,000 bbls oil a day
  Dec. 2017


Permian Basin
1,822,913 bbls oil a day
  73,841 Wells Permitted
= 24.7 bbls oil a day per well
Feb. 2018

Eagle Ford
  717,336 bbls oil a day
  24,452 Wells Permitted
= 29.3 bbls oil a day per well
Feb. 2018

Texas Annual - 2017
2,813,000 bbls oil a day
187,139 Wells =
15.0 bbls oil a day
Jan. 2018


Updated When The Big Three Are All In The Same Month
The Combined Production & Well Count Of The Three Largest Play's - Bakken - Eagle Ford - Permian Basin
BK/ND - Eagle Ford  - Permian Basin - Current Feb. 2018
3,715,018 bbls oil a day - Divided by (2008 to Current) 112,620 Wells - Is 33.0 bbls oil a day per well.
  112,620 Wells Times An Estimated $8 Million Per Well Is $909.9 Billion Dollars

Utica Ohio
53,000 bbls oil a day
 
Dec. 2017

Marcellus NY
1,000 bbls oil a day
  Dec. 2017

Pennsylvania
19,000 bbls oil a day
  Dec. 2017

West Virginia
  32,000 bbls oil a day

  Dec. 2017

SCOOP - Okla.
493,000 bbls oil a day
  Dec. 2017


New Mexico
556,000 bbls oil a day
  Dec. 2017

Kansas
93,000 bbls oil a day
  Dec. 2017


Florida
5,000 bbls oil a day
  Dec. 2017


A Visual Of Fracking Spreading Across The USA - As Of 2013 - 2008 To Feb. Of 2017 - 112,620 Wells Added In The Bakken, Eagle Ford & Permian
675,000 Wells Are Projected By 2040 - Trillions Of Dollars To Get At 20, 30, Barrels Of Oil A Day Per Well


The USA
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Alaska North Slope Boom Or Bust

The Coming Bust In Texas

Florida Boom Or Bust

Montana Boom Or Bust
40 Billion Barrels Of Oil
The Coming Bust In The USA

New Mexico Boom Or Bust

Oklahoma Boom Or Bust
EIA - All Crude Oil Production By State
Ohio & Utica Boom Or Bust

Texas - Minus The EIA
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Eagle Ford & Texas Boom Or Bust

Permian Basin - West Texas Boom Or Bust

Updated When All Three Report Same Month Data
Texas State Production - EIA Texas Production - EIA USA Production
For 10 Years Of Massive Hype & Debt Equity & Pollution - The 1970 Peak Of 10,044,000 BPD Just Cannot Be Reached

It Has Been Reached At A Unbelievable Debt - Financially & Environmentally - Can It Be Maintained?
Bare In Mind The EIA Difference In Texas Of Counting Condensate As Crude Oil Production

Condensate & Crude Are Not The Same
 Marion King Hubbert Was Correct In 1956 & Stands Correct Today
Hubbert Was Aware Of The Tar Sands & Shale (Tight) Oil Being Exploited One Day When He Made His Calculation
Voices Gone But Not Forgotten

USA Peaked In 1970 10,044,000 - Red Line & 1988 With Alaska 7.9 - Black Line & 2018 Tight Oil 10,264,000 - Blue Line
2009 To Current Feb. 2018 bbls Per Day - Texas State Actual Reported Crude Oil Production - EIA Texas Reported Production Includes Condensate
Minus The Difference - EIA Reported USA Production - USA Actual Production Minus The Difference


The USA Daily Production Is Off By 1,494,041 bbls A Day Feb. 2018

TRRC Monthly Oil & Gas Production
  2,517,919 bbls a day. Feb. 2018
EIA - USA Current Production
Is 10,264,000 bbls a day. Feb. 2018 - Actual Crude Oil Is 8,769,959 bbls a day.
EIA - Texas Current Production
Is 4,012,000 bbls a day. Feb. 2018
Unconventional Unproven Leading To Gas - Not Oil ?
Use Translate Button - Top Right

All The Equity Threw At Tight Oil & The Peak Of 1970 Just Can Not Be Reached
It Has Been Reached At A Unbelievable Debt - Financially & Environmentally - Can It Be Maintained?
If You Take Out The Texas Condensate (Chart Above) That The EIA Counts As Oil Every Month - The Picture Requires More Equity!
The Time Frame Is Five Year Candles - Math, Nature, Equity Debt & Marion King Hubbert Are Priceless
Black Line Is 1970 Peak - Green Line Is Minus Texas Condensate - Actual USA Crude Oil Production In 2018
USA Production - 1965 To Current Feb. 2018 - Five Year Candles


EIA - All Crude Oil Production By State

The World
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IRAN - Boom Or Bust
Saudi Arabia - Ghawar Field Boom Or Bust

The Coming Bust In World Fossil Fuels


Falling Rig Count
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Year Over Year - To Date - May. 11 - 2018 -  Up 12 Rigs - Current Count 56 - Last Year 44
Baker Hughes Rig Counts

How Many Wells Will You Drill Until You Just Run Out Of Equity - The Number Of Wells Keeps Climbing & Production Bangs Sideways & Down
Bakken/North Dakota - Boom Or Bust

 

They Say It's So!
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October 2015 - Playing Pass The Risk In The (Tight Oil) Shale Patch

"The Saudis and OPEC haven't killed American oil...haven't killed American shale.
What they've done is make it faster, stronger, better and more ready to compete with them going forward,” said Dan Eberhart CEO, of Canary LLC, North Dakota."

Frackers Undeterred John Mauldin Confirms Failing Economics 101

Some Have Become So Efficient They Have Had To Seek Equity Protection To Protect There Efficiency
Going For Broke

Billions Of Barrels Of Oil Gone In A Puff 12/2015

It Is So So So Refreshing To Hear Locals Argue That The USA Has More Reserves
(Not Resources) Then Saudi. Then They Tell You To Go Look It Up On The Internet!
Well The Graph Below Is From The EIA Itself. & The One Below That From BP
& The Link To The Most Current BP 2017 Statistical Review

The U.S. does not have significant oil reserves in spite of what we read and hear in the mainstream media.
 It is true that we are producing a lot of oil today, more liquids than Saudi Arabia.
That does not mean that we will have enough for ourselves in a few years.
In fact, the U.S. is only 11th in world for proven reserves
With 33 billion barrels compared with Saudi Arabia’s 268 billion barrels.
The USA & Its Oil Abundance

The Info Told To Locals


BP 2017 Statistical Review - Page 12



The US Military Gets It - The Burden - Fossil Fuel Wars

Big Debt
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A Great Thank You To Rune Likvern At fractionalflow.com  -  For The Amazing Data He Compiles

A Great Thank You To Art Berman At artberman.com  - For The Insight Of His Data

A Great Thank You To Enno Peters At shaleprofile.com  -  Visualizing US Shale (Tight Oil) Production

Then & Now - The Dow
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Those Who Cannot Remember The Past Are Condemned To Repeat It Geroge Santayana So Are Those Who Do Not Study Their History
In Recent Past The USA Went Into The Worst Financial Crisis Since The 1930's Dow Crash - Just A Short Ten Years Ago - Those Equity Debt Issues Still Exist
With Bold New Leadership In Washington & Bismarck - There Is Just No Way This Can Happen Again - Is There?

You Cant Help But Give Equity To The Charts - The Comparisons Are Startling - The Roaring Teens Of Now - Never Ending Equity & Debt
The Nation In A Opioid Epidemic - At War & The Rumblings Of More War 

Dow - 2018
The (Trump & Dump) Rally Is Unstoppable - It Goes Against Underlying Fundamentals - It Has Got To Be Bold New Government Driving It - Building Equity


You Cant Help But Give Equity To The Charts - The Comparisons Are Startling - The Roaring 1920's Of Then - Never Ending Equity & Debt
The Nation In A Opioid Epidemic - Yes - Yet Alone You Had A Constitutional Prohibition On Alcohol From 1920 To 1933
 The USA Entered WW1 In 1917 & Some 20 Years Later WW2 Started - The USA Engaged In 1941
From Teddy To Trump - Big Pharma - Epidemic Then - Epidemic Now

Big Pharma Then & Now Plays & Played A Role

Big Pharma Then
The U.S. government’s investigation of all the factors leading to the Second World War in 1946 came to the conclusion that without IG Farben the Second World War would simply not have been possible.
We have to come to grips with the fact that it was not the psychopath, Adolph Hitler, or bad genes of the German people that brought about the Second World War.
Economic greed by companies like Bayer, BASF and Hoechst was the key factor in bringing about the Holocaust.

 The Dow In The 1920's - Price Would Retrace 123% Before It Found Bottom & Start A Depression That Lasted Until & Into WW2
The Stock Market Underwent Rapid Expansion, After A Period Of Wild Speculation - Sounds Like Now - Crash Started Oct.1929  

What Are The E-mini's What Are Trading Robots

What Are Fibonacci Retracement's ?
2018 Fibonacci Fivots - The Robots Have Gone To Them Like A Magnet


Born in shackles, livin' in a hold   You gotta let the bad times roll   When daddy left mama, it broke her heart and soul   You gotta let the bad times roll
If life's a bowl of cherries, you gotta break the bowl   You're standing in the fire, wishin' it was cold   When you ride with the devil, you gotta pay the toll   You gotta let the bad times roll
Oh my lord, oh my lord    There's a train a comin'    You gotta jump on board

Oh My Lord

America Is So Great Again In 2017 You Had To Close 8000 Stores


America's Pledge
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Across America, states, cities, businesses, universities, and citizens are taking action to fight climate change, grow the economy, and protect public health.
America’s Pledge brings together private and public sector leaders to ensure the United States remains a global leader
 In reducing emissions and delivers the country’s ambitious climate goals of the Paris Agreement.

This Is Bold New Leadership - Without Government

For A Dying Planet
Do You Really Want To Have Your Kids Pay The Premium Of Not Doing Anything Now
Even Ronald Reagan
Had Enough Brains To Take A Hedge On Ozone Depleting Chemicals - A Real Leader & Statesman
A Energy Revolution Is Needed - What Was Florida Power & Light Is Now NextEra Energy - They Even Operate In North Dakota Brady Wind Farm  Now That Is Bold. 1

americaspledgeonclimate.com1 China Gets It & Pulls Away1 bloombergphilanthropies

Bakken Decline - Production - Reserves - Price - Equity - Chart




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We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.


Equity Is Used In It's Definition - The Quality Of Being Fair & Impartial & The Value Of That Fairness & Impartiality - As In Well Managed Business Equity Debt - As In Well Managed Public Equity Debt Created By Local, State & Federal Leaders
 The Democracy That Gives Taxpayers A Say In That Equity Debt. As In New Airports, New Public Structures, New Schools, New Jails, Healthcare, Law Enforcement, Addiction Recovery, Tax Reduction, Private Investing, More Government & Bureaucrat Waste.
Thank God For Bold New Leadership That Is Of A Equity State Of Mind. No More Money Squanders, No More Career Politicians, No More Good Old Boys, No More Tilting At Windmills Whose Foundations Are Anchored In Swamps.


 
Just then they came in sight of thirty or forty windmills that rise from that plain. And no sooner did Don Quixote see them that he said to his squire,
 
"Fortune is guiding our affairs better than we ourselves could have wished. Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them.
With their spoils we shall begin to be rich for this is a righteous war and the removal of so foul a brood from off the face of the earth is a service God will bless."

 "Bold New Leadership In Bismarck & Washington"
The Phrase Was Coined By Now Governor Doug Burgum

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Honor - Respect - Freedom - Country - Bold New Leadership