1
| The
Bakken / North Dakota Return To Top Of Page |
| They Say You Cant Fix Stupid The Misleading Crap Told To Local's That The USA Has Proven Reserves Greater Then Saudi |
| Bakken / North
Dakota - Oil Boom Or
Bust Data For Bakken - Production - Decline - Hype |
| Bakken / North
Dakota - Real
Estate Boom Or Bust - Permits - Sales - Hype - Reality The Needs & No Common Sense Of The Few Out Weigh & Place The Burden On The Needs & Common Sense Of The Many 2015 Fed Data Shows N.D. As One Of Two Of The Two Worst Performing States - ND Enters Into Recession |
| If You
Sense A Lack of
Good Law Enforcement And A Sense Of Lawlessness - You Should - Your Not
Alone - Murder - Drugs - Gangs - No Knocks Search Bakken Crime - Law Enforcement Boom Or Bust Page Awareness - Not Location Is Key To Self Preservation & Self Defense "In America We Have A Right To An Attorney & A Trial Before We Are Sentenced To Death."- Rachel Hoffman - Andrew Sadek |
| ND State - Debt -
Legacy Fund Data - State Debt $9.0 Billion Big Money - Big Equity |
$4.0 Billion Cracker Plant To Be Built Announced 10/2014 June 2015 - Second Plant To Be Built |
Debt - Futures - Capex - Stupid Money Four of every five new barrels of oil Simply replace output lost to the high depletion rates. |
| Bakken Oil Train Derailments |
Drilling Deeper - 2014 A REALITY CHECK ON U.S. GOVERMENT FORECASTS |
Bakken
H2S Sour Gas & Safety Battle |
| ND State Agriculture In Hydrocarbon Crisis |
FOR A LASTING TIGHT OIL
&
SHALE GAS BOOM Drilling Deeper - 2015 |
Lynn
Helms & The Disclaimer Who Is In Charge ? - Surge - The Lawsuit! |
| The Coming Bust In North
Dakota ? |
What If The Boom Is Just A
Bubble |
Energy Exploitation Of America |
| Hydraulic Fracking - Going To Far Hidden Beneath The Ground ? Biocides |
The Dark Side Of Fracking
In ND |
The Game Changer Of Shale (Tight) Oil Its The Water! Yes Water With Biocides |
Helm Says "Not A Bust" - "Field Of Lost Dreams" - The Bakken Exodus
Helm's Wage Is $16,695.00 A Month & The Guy Next To Him Gets $15,000.00 A Month
Combined Monthly Wage Of 115 People At The Industrial Commission $504,598.64 - Does Not Include Temps
| Helm's Not A Bust | State Payroll Roster - Page
66 |
| The Cozy Relatioship | The Huge Spreadsheet Error |
| Jail Boom | Drug Boom | Sex Crime Boom | Poverty Boom | Heroin Boom |
Gang Boom |
Search Bakken Crime - Law Enforcement Boom Or Bust Page Awareness - Not Location Is Key To Self Preservation & Self Defense
"In America We Have A Right To An Attorney & A Trial Before We Are Sentenced To Death."- Rachel Hoffman - Andrew Sadek
State Employees Receive $2.1 Million In Retention and Recruitment (BOOM) Bonuses 11/2015 - While Crime Rages
| $100K Alone Went To 5 In Governor's Office | Are They Aware And Or Of The One Percent ? |
The Bakken Begins Its Decline 11/2015
Papers In The Roadside Tell of Suffering and Greed Fear Today, Forgot Tomorrow Besides the News of Holy War and Holy Need Ours Is Just a Little Sorrowed Talk
Ordinary World
| The New York Times In Depth Look At &
The
Reality Of The Bakken Return To Top Of Page |
Gov. Jack Dalrymple - Outsiders, he explained, simply need to be educated out of their fear of fracking:
“There is a way to explain it that really relaxes people, that makes them understand this is not a dangerous thing that we’re doing out here,
That it’s really very well managed and very safe and really the key to the future of not only North Dakota but really our entire nation.”
Dalrymple Slam
| Oil Bust Puts Tribes & Towns Over A Barrel - 03/2016 |
| The Downside Of The Boom -
Part 1. - 11/2014 North Dakota Took On The Oversight Of A Multibillion Dollar Oil Industry With A Regulatory System Built On Trust, Warnings & Second Chances |
Where Oil & Poltics Mix
- Part 2. -11/2014 After An Unusual Land Deal, A Giant Spill And A Tanker Train Explosion Anxiety Began To Ripple Across The North Dakota Prairie |
| The Downside Of Commodity
Prices - 10/2015 The Heartland Feels The Chill |
In ND - A Story Of Oil -
Corruption & Death - 12/2014 Where Oil - Poison Water - Corruption & Bodies Surface |
| Pollution - Death - Cancer
- Denton Outlaws Fracking Key Impacts - From Tight Oil Development - The Impacts On The Environment |
In The Bakken - Blood &
Needless Tragedy & Death “The Bakken is the most dangerous oil field to work in the U.S.,” Williams said. |
| OSHA Be More Aggressive In
The Bakken! "Shrewd corporate practices and weak federal oversight Shield energy producers from responsibility, When workers die, while shifting the blame to others." |
frackingcanada.ca A Remarkable Insight To The Madness Of The Oil & Gas Industry Fracking - Canada, USA, Austrailla, The World The Destruction Underway |
| Oil & Gas - In Control "You Know What Happens To Lottery Winners" |
The Prairie Blog "Area Voices" |
| Flint Hills Resources - Oil Price | Market Price - Bakken
Sweet Crude Return To Top Of Page |
Plains Marketing - Oil Price |
| Why Shale (Tight) Oil's Safety Net Is About To Expire | Regulator Warns Of Lending To E&P's |
"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" !
It is from this twilight zone, that the "Bakken Red Queen” For some time outrun by the high oil price, cheap debt funding
Growth in global total debt and low interest rates will emerge and catch up. From here it will be most interesting to follow the continued race between
Bakken LTO extraction and its "Bakken Red Queen”. Rune Likvern
The Delayed Red Queen
The Delayed Red Queen & Now Tick Tock The Water
Clock
Saudi Arabia Has a Solution to the Global Oil Glut Problem
- 04/24/15
Saudi Arabia has a response to the global surplus of oil:
Raise output to near-record levels and then pump even more.
The Solution
The Problem - Oil Prices
- They Are Not Low Enough
Bankrupt & Suffering -
They Keep On Pumping 04/2016
| Five
Year Average 2011 to 2015 - Low $51.18 - High $73.80 |
Ten
Year Average 2006 to 2015 - Low $40.79 - High $76.07 |
Fifthteen
Year Average 2001 to 2015 - Low $34.38 - High $63.39 |
Bakken Sweet Crude Futures - Flint Hills Resources Futures - Years 2000 To 2016
Bakken Sweet Has Only Traded Above $60.00 - Four Of The Past Seventeen Years
So I say I
say welcome, welcome to the boomtown Pick a habit We got plenty to go
around Welcome, welcome to the boomtown
All that money makes such a succulent sound Welcome to the boomtown
Welcome To The BoomtownAll that money makes such a succulent sound Welcome to the boomtown
Bakken Sweet Crude Futures - Flint Hills Resources Futures - Monthly 06/14 To 09/16
2014 - Two Month Candles - 2015 2016 One Month Candles
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
NYMEX - WTI - /QM - Light Sweet Crude Futures - Years 2000 To 2016
WTI Has Only Traded Above $60.00 - Six Of The Past Seventeen Years
"There must be some kind of way out of here, Said the joker to the thief, There's too much confusion, I can't get no relief.
Business men – they drink my wine Plowmen dig my earth None will level on the line Nobody of it is worth."
All Along The Watchtower
How Big Oil Is Profiting From The Slump
Is Unconventional Unproven Leading To Gas Condensate Not Oil ?
The Year Of 2014 - 2015 - WTI & Bakken Spread Pricing
bam-boom-bubble-bust-bump-bang
Does Anyone Think Any Of This Is Going To End Well
S&P 500 Index Price Overlaid With The Price Of Oil - As Of September 2016
The Divergance 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 Decline
What A Irony. Arresting The Decline. Long before oil price went in the toliet, 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 quartely 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 enabeling addiction of drilling. Tryed to come up with ways to shut her down,
That just dont 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. Probaly 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
2015 Combined Production Of The Big Three - Bakken / ND - Permian Texas - Eagle Ford Texas - YOY 2014 - 2015 - Up 177959 Barrels A Day
The Bakken / ND Has Been The Decline Drag In 2015 - YOY - 2014 - 2015 BK/ND Production Is Down 74787 bbls Per Day
Dec. 2014 (Was Peak) To July 2016 - BK/ND Production Is Down 197976 bbls Per Day
2016 Combined Production Of The Big Three - Bakken / ND - Permian Texas - Eagle Ford Texas - YTD July 2016 - Down 310612 Barrels A Day
Year To Date July 2016 - Bakken Production Is Down 123189 bbls Per Day
Year To Date July 2016 Permian - Eagle Ford Production Is Down 187423 bbls Per Day
As Of July 2016 - A Combined Count Of 3250 New Wells x $8 Million A Well Is $26.0 Billion
A Average BBL Per Day Well Production Of - (96) bbls Per Day
At A 2008 to 2016 Average Of The Big Three Of 35.3 bbls Per Well - You Would Need To Add 8799 Wells Today
If You Could Bring Them Online Today - 8799 x $8 Million A Well Is $70.3 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 2016
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
| Tight Oil Charts Return To Top Of Page |
Tight Oil Daily Production - 2008 to Current
Bakken / ND - BK / ND / Permian - PM - / Eagle Ford - EF / Alaska - AK - - All State & Federal Data Lags Two to Three Months In Reporting
Alaska Peaked In 1988 / Bakken / ND & Eagle Ford Have Offset That Decline / No Data PM & EF 1988
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
Bakken / ND - Four Top Counties In Production
Mountrial / MNT - McKenzie / MCK - Williams / WIL - Dunn / DUN
This Does Not Include Confidential Wells
Oil Production By ND County - dmr.nd.gov
80% Of All ND & Bakken Production Comes From 4 Counties
| USA Oil Play's 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
Prarie Town
| Bakken / ND 1,029,507 bbls oil a day 13,255 Wells = 77.6 bbls oil a day July. 2016 Niobrara Col. 309,000 bbls oil a day June. 2016 Wyoming 192,000 bbls oil a day June. 2016 California 492,000 bbls oil a day June. 2016 Permian Basin 1,462,121 bbls oil a day 63,051 Wells Permitted = 23 bbls oil a day July. 2016 Eagle Ford 952712 bbls oil a day 21085 Wells Permitted = 45 bbls oil a day July. 2016 Texas Annual 2,752,000 bbls oil a day 193,807 Wells = 14.2 bbls oil a day Dec. 2015 |
 Updated When All Three Are In The Same Month The Combined Production Of The Three Largest Play's - Bakken - Eagle Ford - Permian Basin BK / ND Current July. 2016 - Eagle Ford Current July. 2016 & Permian Current July. 2016 3,444,340 bbls oil a day - Divided by (2008 to Current) 97391 Wells - Is 35.3 bbls oil a day per well. 97391 Wells Times An Estimated $8 Million Per Well Is $779.1 Billion Dollars |
Utica Ohio 64,000 bbls oil a day June. 2016 Marcellus NY 1,000 bbls oil a day June. 2016 Pennsylvania 16,000 bbls oil a day June. 2016 West Virginia 23,000 bbls oil a day June. 2016 SCOOP - Okla. 417,000 bbls oil a day June. 2016 New Mexico 393,000 bbls oil a day June. 2016 Kansas 101,000 bbls oil a day June. 2016 Florida 5,000 bbls oil a day June. 2016 |
A Visual On The Chemical Cancer Of Fracking Spreading Across The USA - As Of 2013 - July Of 2016 - 97190 Wells
675,000 Wells Are Projected By 2040
| The USA Return To Top Of Page |
EIA - All Crude Oil Production By State
| 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
Texas State Production - EIA Texas Production - EIA USA Production
For 10 Years Of Massive Hype & Debt & Pollution - The 1970 Peak Of 10,044,000 BPD Just Cannot Be Reached
Marion King Hubbert Was Correct In 1956 & Stands Correct Today
Hubbert Was Aware Of Shale (Tight) Oil Being Exploited One Day When He Made His Calculation
Voices Gone But Not Forgotten
USA Peaked In 1970 - Red Line & 1988 With Alaska - Black Line & 2015 Tight Oil - Blue Line
The USA Daily Production Is Off By 772,409 bbls A Day June. 2016
| TRRC Monthly Oil & Gas Production 2,396,591 bbls a day current June. 2016 |
EIA
- USA Current Production Is 8,701,000 bbls a day. June. 2016 |
| EIA
- Texas Current Production Is 3,169,000 bbls a day. June. 2016 |
Unconventional
Unproven Leading To Gas - Not Oil ? Use Translate Button - Top Right |
Texas - State
There is only two things more slow and boring then watching paint dry.
& That is waiting for Texas & HUD to update numbers.
But it still does not explain discrepancies
TRRC updated /03/25/2014 . They went back months and years and changed all production numbers.
Does it take that long to count your oil? See it for yourself at the link below. Compare it with the production link above.
TRRC Archive Of Production
The topic of Texas & The EIA & Their best guess numbers for Texas is discussed often at the the peakoilbarrel.com
No one seems to ever report this in the media, crude oil is crude oil, not condensate.
peakoilbarrel.com - texas
For 10 Years Of Massive Hype & Debt & Pollution - The 1970 Peak Of 10,044,000 BPD Just Cannot Be Reached
Marion King Hubbert Was Correct In 1956 & Stands Correct Today
Hubbert Was Also Aware Of Shale (Tight) Oil Being Exploited One Day When He Made His Calculation
Voices Gone But Not Forgotten
Current US Oil Production - June 2016
EIA - All Crude Oil Production By State
| The
World Return To Top Of Page |
The Coming Bust In World Fossil Fuels
What breaches and faults are concealed
In the shape of a heart
The Shape Of A Heart
Dedicated To Phyllis Major
We Should All Be Consumed by The Star Light - Not The Darkness
| With Return To Top Of Page |
Respect & Consideration
Tim Gramatovich, chief investment manager for Peritus Asset Management LLC, an $800 million fund, notes,
“There’s a lot of Kool-Aid that’s being drunk now by investors. People lose their discipline.
They stop doing the math. They stop doing the accounting.
They’re just dreaming the dream, and that’s what’s happening with the shale boom.”
There is a need for clarification between shale oil and tight oil. This is highly misstated in articles and media. They are not the same.
| Shale
Oil
|
Summarizing the Definitions | Tight Oil |
As a investor one should always do due diligence to protect oneself.
To Understand Energy Watch the Films - Its At A 5 Year Old Level.
Peak Oil - Energy - Growth - The Future |
Arithmetic - Population - Energy - 1999 |
| Voices
Gone Return To Top Of Page |
We face the future with our past and our present as guarantors of our promises; &
We are content to stand or to fall by the record which we have made and are making.
But Not Forgotten
Question Is
|
Light
Sweet Crude Future's 2016 Return To Top Of Page |
"A #1 World Class Market Timer"
Oil In A Month Chart
Does It Look Like Oil Has Found A Bottom? Current 09/23/16 - Is It Breakout The Drill Bits Yet. Price Closed At $44.55
The MACD Is Still Below The Zero Line - Note The Long Drawn Out Pan Handle Of The MACD Compared To 07-08
Oil In A Month Chart Using Camarilla Pivots
| What Are Candlesticks |
The Master | Camarila Pivots | Cam Calculator |
Possible Pivot Points For NYMEX - WTI - /QM - Using - Camarilla Pivots
| 2015 - Pivots 2014 - High $107.70 - Low $52.42 - Close $53.75  |
2016 - Pivots 2015 - High $62.57 - Low $34.52 - Close $37.07  |
| Falling Rig Count Return To Top Of Page |
Year Over Year - To Date Sept. 23 - 2016 - Down 38 Rigs - Current Count 28 - Last Year 66
Baker Hughes Rig Counts
EIA Bakken Decline Rate Charts
| Can You Fix Stupid? 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."
This Is All Makes Sense Now, This Is Why Wall Street Keeps Lowering The Stock Prices
Of These Exploration and Production Companies, They Are So Efficient They Never Needed High Valuations
| Frackers Undeterred | John Mauldin Confirms | Failing Economics 101 |
| Company |
Stock
Price 09/14 |
Stock
Price 01/16 |
Company
|
Stock
Price 09/14 |
Stock
Price 01/16 |
| CLR |
$66.48 |
$19.92 |
WLL | $77.55 |
$5.74 |
| HES | $94.32 |
$38.72 |
EOG | $99.02 |
$62.95 |
| MDU | $27.81 |
$16.39 |
SM | $78.00 |
$11.60 |
Going For Broke
Billions Of Barrels Of Oil Gone In A Puff 12/2015
It Is So So So Tiring To Hear Locals Arugue 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 2015 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 Crap Told To Locals
"Since American companies produce oil at three to four times less cost than Iran, which has a breakeven price of $131 per barrel"
Lifting The Ban On Economic Prosperity
Here Is Another Example Of Trash
Disney & ABC Television & Blood & Oil - They Should Be Ashamed To Produce This Trash Show
"Its An Insult To The Men & Women Who Work With Hydro Carbons"
& "For Those Who Have Lost Their Lives In The Bakken"
It Is A Insult To Their Loved Ones
Simply Trash - It Isnt Even Filmed In North Dakota - The False Trash Statements Made In The Show
Shooting Guns In The Streets - People Living In The Streets
"Largest Oil Field Ever Found In The USA" - "10 Times Bigger Then Saudi"
The Largest Field Ever Produced In The USA Was Prudhoe - Alaska Peaked In 1988 At 2,086,000 bbls A Day- May 2015 473,000 bbls A Day
10 Times Bigger Then Saudi Would Be 10 x 268 Billion Barrels = 2.68e+12
| Prudhoe Field | Do Your Math |
| Disney & ABC | Blood & Oil Trash |
BP 2015 Statistical Review
The US Miltary Gets It - The Burden - Fossil Fuel Wars
In This Country Your Not Elected To Represent The People
Your Elected To Represent The Corporations That Bought You
Return To Top Of Page
| Big Debt Return To Top Of Page |
A Great Thank You To Rune Likvern At fractionalflow.com - For The Amazing Data He Compiles
A Great Thank You To Rune Likvern At fractionalflow.com - The Bakken Forecast & Retrospect 04/2016
A Great Thank You To Enno Peters At shaleprofile.com - Visualizing US Shale (Tight Oil) Production
Bakken Decline - Production - Reserves - Price - Chart
We're setting sail To the place on the map from which no one has ever returned
Drawn by the promise of the joker and the fool By the light of the crosses that burn
Oh, save me. Save me from tomorrow I don't want to sail with this ship of fools
Ship Of Fools
The Photo Says It All
Return To Top Of Page
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