1
| The Bakken / North
Dakota Return To Top Of Page |
| 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 Bakken Data - Production - Decline - Hype - Equity - 2017 The Burgum Challenge - 2020 The Bakken Peak 2 To 5 Years Left 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  |
| 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 ? |
Shale
Reality Check - 2019 to 2050 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 | artberman.com | Glomerulonephritis & Chemicals |
| Flint Hills Resources - Oil Price | Market Price
- Bakken Sweet WTI - Crude Return To Top Of Page |
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
| Five Year Average 2016 to 2020 - Low $6.89 - High $53.70 |
Ten Year Average 2011 to 2020 - Low $29.03 - High $69.65 |
Fifteen Year Average 2006 to 2020 - Low $28.68 - High $72.55 |
Bakken Sweet Crude Futures - Flint Hills Resources Futures - Years 2000 To 2021
Bakken Sweet Has Only Traded & Closed In A Year Time Frame Above $60.00 - Four Of The Past Twenty One 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
TownAll that money makes such a succulent sound Welcome to the boom town
| Five Year Average 2016 to 2020 - Low $23.52 - High $64.83 |
Ten Year Average 2011 to 2020 - Low $44.27 - High $83.21 |
Fifteen Year Average 2006 to 2020 - Low $45.70 - High $77.09 |
NYMEX - WTI - /QM - Light Sweet Crude Futures - Years 2000 To 2021
WTI Has Only Traded & Closed In A Year Time Frame Above $60.00 - Ten Of The Past Twenty One 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"
When the US Needs Oil - Who do they call? They call OPEC
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 2020
The Divergence Of Reality Continues
| Arresting The Decline Return To Top Of Page |
"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. Tried 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 Dec. 2020
4,927,374 bbl's oil a day - Divided by (2008 to Current Dec. 2020) 136,485 Wells - Is 36.1 bbl's oil a day per well. 136,485 Wells Times An Estimated $8.5 Million Per Well Is $1.2 Trillion Dollars
2020 Combined Production Of The Big Three - Bakken / ND - Permian Texas - Eagle Ford Texas - YTD Dec. 2020 - Down 628,797 Barrels A Day
Year To Date Dec. 2020 - Bakken Production Is Down (-285,348) bbl's Per Day - 726 New Wells
Year To Date Dec. 2020 - Permian Production Is Down (-132,433) bbl's Per Day - 3572 New Wells
Year To Date Dec. 2020 - Eagle Ford Production Is Down (-168,766) bbl's Per Day - 981 New Wells
As Of Dec. 2020 - A Combined Count Of 5,235 New Wells x $8.5 Million A Well Is $44.5 Billion
A Average BBL Per Day Well Production Of (-120.1) bbl's Per Day - Not Good
5,235 Wells x $8.5 Million Is $44.5 Billion - Is $146.4 Million A Day - Divided By (-628,797) Barrel's A Day - Is (-$232.83) A Barrel
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 Oct. 2020
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 Up? - 2019 Banging Sideways
2020 - Covid-19 Takes a Bite out of the Frackers - The Con Man has no Effect on Price
| Tight Oil Charts Return To Top Of Page |
Tight Oil & Conventional Oil - Daily Production - 2008 to Current 2021
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 bbl's 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, Or The Eagle Ford, But The Permian, Has Surpassed Alaska Peak Production, July 2018
The Permian 2008 to July 2018 - 76,372 New Wells at Some $611 Billion - It Surpassed Alaska Peak 1988 - 30 Years Later
The USA Was Importing 5 Million Barrels A Day In 1988 & Is Still Importing Some 8 Million Barrels Of Oil A Day Today EIA Oil Imports
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! Return To Top Of Page |
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
Prairie Town
| Bakken / ND
1,083,020 bbl's oil a day 15,773 Wells = 68.6 bbl's oil a day per well Feb. 2021 Niobrara Col. 373,000 bbl's oil a day Jan. 2021 Wyoming 237,000 bbl's oil a day Jan. 2021 California 364,000 bbl's oil a day Jan. 2021 Permian Basin 2,662,364 bbl's oil a day 90,168 Wells Permitted = 29.5 bbl's oil a day per well Jan. 2021 Eagle Ford 788,393 bbl's oil a day 29,019 Wells Permitted = 27.2 bbl's oil a day per well Jan. 2021 Texas Annual - 2018 3,492,000 bbl's oil a day 187,401 Wells = 18.6 bbl's oil a day per well January 2019 |
 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 Jan. 2021 4,598,134 bbl's oil a day - Divided by (2008 to Current) 137,106 Wells - Is 33.5 bbl's oil a day per well. 137,106 Wells Times An Estimated $8.5 Million Per Well Is $1.2 Trillion Dollars |
Utica Ohio 56,000 bbl's oil a day Jan. 2021 Marcellus NY 1,000 bbl's oil a day Jan. 2021 Pennsylvania 17,000 bbl's oil a day Jan. 2021 West Virginia 55,000 bbl's oil a day Jan. 2021 SCOOP - Okla. 426,000 bbl's oil a day Jan. 2021 New Mexico 1,090,000 bbl's oil a day Jan. 2021 Kansas 73,000 bbl's oil a day Jan. 2021 Florida 5,000 bbl's oil a day Jan. 2021 |
A Visual Of Fracking Spreading Across The USA As Of 2013 - 2008 to Current Jan. Of 2021 - 137,106 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 Return To Top Of Page |
| Texas - Minus The EIA Return To Top Of Page |
Eagle Ford & Texas Boom Or Bust
Permian Basin - West Texas Boom Or Bust
Updated When All Three Report Same Month Data - Dec. 2020
Texas State Production - EIA Texas Production - EIA USA Production
For 14 Years Of Massive Hype & Debt Equity & Pollution - The 1970 Peak Of 10,044,000 Barrels Per Day 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 Peak With Alaska 7,900,000 - Black Line - 2019 Tight Oil 12,860,000 - Blue Line
2009 To Current Dec. 2020 bbl's 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
Time Frame One Year - Barrels Per Day - Current Dec. 2020
The USA Daily Production Is Off By 1,102,726 bbl's A Day Dec. 2020 - With Texas Condensate Alone
The USA Produces A Lot Of Condensate
EIA Condensate Production By API Gravity Rating
| TRRC Monthly Oil
& Gas Production 3,516,275 bbl's a day. Dec. 2020 |
EIA - USA
Current Production Is 11,063,000 bbl's a day. Dec. 2020 Actual Crude Oil Is 9,960,274 bbl's a day. |
| EIA - Texas Current Production Is 4,619,000 bbl's a day Dec. 2020 - EIA Includes Condensate |
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?
50 Years Later (Minus Texas Condensate) Crude Oil Production Is Down (-83,726) bbl's Per Day
Even With Texas Condensate - Production Is Up 1,019,000 bbl's Per Day
From 1970 Peak Of 10,044,000 bbl's Per Day
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 2020
USA Production - 1965 To Current Dec. 2020 - Five Year Candles
EIA - All Crude Oil Production By State
| The World Return To Top Of Page |
| Iran - Boom Or Bust |
Saudi Arabia - Ghawar Field Boom Or
Bust |
The Coming Bust In World Fossil Fuels
| Falling Rig Count Return To Top Of Page |
Bakken/ND - Year Over Year
To Date - April 16 - 2021 - Down 19 Rigs - Current Count 15 - Last Year 34
Baker Hughes Rig Counts
How Many Wells Will You Drill Until You Just Run Out Of Equity
The Number Of Wells Keeps Climbing & Oil Production Bangs Sideways & Down
Bakken/North Dakota - Boom Or Bust
| They Say
It's So! Return To Top Of Page |
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 Return To Top Of Page |
"How dumb is it to increase oil production when you are losing money on every added barrel?"
Alternative Facts - How America Broke OPEC
Bakken Economics
A Great Thank You To Rune Likvern At runelikvern.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 Return To Top Of Page |
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 - 2021
The Feds (Pump & 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 ?
2021 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 Is So Great Again In 2018 You Had To Close 5000 Stores
America Is So Great Again In 2019 You Had To Close 4000 Stores -Already
| America's
Pledge Return To Top Of Page |
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
Return To Top Of Page
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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."
"New Bold Leadership In The White House And In Bismarck"
The Phrase Was Coined By Now North Dakota GOP Governor Doug Burgum
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Honor -
Respect - Freedom - Country - New Bold Leadership
2018 New Well
Average Of The Big Three Of 35.9 bbl's Per Well - You Would
Need To Add 224 Wells Today To Arrest Eagle Ford Decline -
(-8,032)
If You Could
Bring Them Online Today - 224 x $8.5 Million A Well Is $1.9
Billion