tag:blogger.com,1999:blog-3555233033952952657.post2491342669432999186..comments2023-11-02T09:34:58.512-05:00Comments on Bakken Shale: Why Oil Prices Will TankTeeguehttp://www.blogger.com/profile/11331850464011934960noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-3555233033952952657.post-53511934736438585312008-12-25T11:13:00.000-06:002008-12-25T11:13:00.000-06:00" I don't see oil ever hitting 60 dollars a barrel..." I don't see oil ever hitting 60 dollars a barrel ever again, maybe in a dream."<BR/><BR/>So, any of you wise men want to explain this $35 a barrel oil in 2009?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-63224385670566576632008-06-18T14:53:00.000-05:002008-06-18T14:53:00.000-05:00Using history as a model for the future of the oil...Using history as a model for the future of the oil market is fundamentally flawed for one key reason: Dwindling supply. No matter how much we drill, there is no way that supply will ever be in synch with demand again, barring a global depression. <BR/><BR/>Oil will never magically revert to pre-'spike' prices, until and unless demand drops by a huge margin, such as can only be achieved throughAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-2086063420349478492008-06-16T16:09:00.000-05:002008-06-16T16:09:00.000-05:00Thanks Larry !!Thanks Larry !!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-49421782223159547532008-06-16T11:37:00.000-05:002008-06-16T11:37:00.000-05:00Anonymous who asked--- "about a company that repre...Anonymous who asked---<BR/> "about a company that represents EOG in leasing land."<BR/><BR/>Contex Energy is the company and you can reach them in Dickinson at 701-225-5507Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-26760367437723570392008-06-16T09:11:00.000-05:002008-06-16T09:11:00.000-05:00let me know if there are other errors and I will c...let me know if there are other errors and I will correct them..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-74483712089071378652008-06-14T23:12:00.000-05:002008-06-14T23:12:00.000-05:00David, you to awesome photos, but have several of ...David, you to awesome photos, but have several of your photos but havev several of them listed wrong on who the owenrs are. The one you have lised as the Risan for instants is the VERY first well drilled in the Mountrail/Wyzetta area and that is called the Parshall well or to most of us from the area the Baker well. I hope you can go back and find the right names/owners on all your photos. Great Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-75676788804126461592008-06-14T22:58:00.000-05:002008-06-14T22:58:00.000-05:00Anonymous looking for EOG contact. Not sure if thi...Anonymous looking for EOG contact. <BR/>Not sure if this is what you are looking for, but this person was a huge help to me with EOG stuff. Try Nick Lambert out of Dickenson, ND. 701-483-1581. Good luck!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-38640276354616091242008-06-14T22:56:00.000-05:002008-06-14T22:56:00.000-05:00Has anyone heard if the pipe line is up and runnin...Has anyone heard if the pipe line is up and running in the Wyzetta township/Mountrial County yet? Or anywhere in that area?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-88000612500450544552008-06-13T23:58:00.000-05:002008-06-13T23:58:00.000-05:00Saw somewhere buried in this site something about ...Saw somewhere buried in this site something about a company that represents EOG in leasing land.<BR/> Can someone in the know tell me who that is. <BR/> Trying to spread the wealth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-622844559763567552008-06-13T23:05:00.000-05:002008-06-13T23:05:00.000-05:00No I do not know the geneaogist of Wayzetta townsh...No I do not know the geneaogist of Wayzetta township. Do you??? I know very little on all this but find it so intersting. Thanks for sharing the web site I will check it out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-67578095246939698962008-06-13T18:16:00.000-05:002008-06-13T18:16:00.000-05:00This week the chief of one of Russia's largest pro...This week the chief of one of Russia's largest producers, Gazprom predicted $250/BBL in the forseeable future, 2009 timeframe...<BR/><BR/>U.S. Navy is doing future fleet planning based on $230/BBL...<BR/><BR/>For the price to go down, the U.S. dollar has to strengthen and oil demand has to weaken, significantly. Is this likely? China, what do you think???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-2624774464261131212008-06-13T17:16:00.000-05:002008-06-13T17:16:00.000-05:00Anon--Your general question is best answered by re...Anon--<BR/>Your general question is best answered by referring you to a couple of websites maintained by the NDIC.<BR/><BR/>First site is the NDIC map--<BR/>https://www.dmr.nd.gov/oilgas/<BR/>Click on GIS Map Server and zoom into the Parshall area.<BR/><BR/>Next site is the Well Search--<BR/>https://www.dmr.nd.gov/oilgas/findwellsvw.asp<BR/><BR/>Put in the township and range and that will give Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-48429478625853157392008-06-13T13:27:00.000-05:002008-06-13T13:27:00.000-05:00I have a pesonal interest in the Parshall oil fiel...I have a pesonal interest in the Parshall oil field and have been doing a scrapbook on our farm and the area. Can anyone tell me apx. how many wells have have been drilled and are pumping in the last year in that area and apx. how many rigs are up in the area now? Much appreciated. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-82009903466027896882008-06-13T12:14:00.000-05:002008-06-13T12:14:00.000-05:00I JUST HEARD THAT THE CATHOLIC CHURCH OWENS ALL TH...I JUST HEARD THAT THE CATHOLIC CHURCH OWENS ALL THE MINERALS TO THAT AWSOME WELL THAT WAS JUST FINISHED IN DUNN COUNTY BY PEAK. <BR/><BR/>THIS HAS TO BE THE BEST NEWS/WELL EVER. GREAT JOB TO ALL!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-30857691040831215042008-06-13T08:19:00.000-05:002008-06-13T08:19:00.000-05:00What happens if we we get a direct hit with anothe...What happens if we we get a direct hit with another monster hurricane on the oilfields in the gulf area, or some kind military actions against Iran for their attempts to build nuclear weapons? I think we would see 150 - 175 dollar a barrel oil overnight. In China they are selling up to 20,000 new cars a week. I don't see oil ever hitting 60 dollars a barrel ever again, maybe in a dream.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-48777634321022682192008-06-13T08:10:00.000-05:002008-06-13T08:10:00.000-05:00Prior to 1970 oil was $3 barrel. From 1970 to 198...Prior to 1970 oil was $3 barrel. From 1970 to 1980 it spiked to $40 barrel. From 1980 to 2000 oil averaged about $20 barrel.<BR/><BR/>Now oil has moved from $20 barrel to $135 barrel. We do not know if $135 is the top or not. But whatever the top ends up being, the long term price following this current price spike should be around (top price-$20/2) or about $60 if $135 is the top.<BR/><BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-45819307851311447182008-06-13T07:43:00.000-05:002008-06-13T07:43:00.000-05:00when you look at the presentations put out by diff...when you look at the presentations put out by different corporations on the drilling economies of the Bakken they are using $ 70.00-to $ 90.00 dollars for there projected rates of return.. I realize part of this is to protect the compay from investor lawsuits, and also the need a number to base finanical decisions on..<BR/> I think at some time in the future oil will return to below $ 100 per Unknownhttps://www.blogger.com/profile/03174077320039378669noreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-50943407468081915812008-06-13T06:49:00.000-05:002008-06-13T06:49:00.000-05:00I guess it depends on the definition of tank. Ther...I guess it depends on the definition of tank. There is no question that high prices will spur alternatives and as energy rich as this country is that is all good. New high paying jobs and less money in the pockets of middle east countries that don't like us.<BR/><BR/>It would not be surprising to see prices back at 60 to 80 per barrell but that will not stop the changes that are coming and we canAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-63995041821140496832008-06-13T06:48:00.000-05:002008-06-13T06:48:00.000-05:00The cure for high oil prices, is, well, high oil p...The cure for high oil prices, is, well, high oil prices! At some point supply and demand go back into balance...that could be $200 a bbl, tho I seriously doubt that the correct number will once again be $50 a bbl. That number depends, in part, on the cost of alternative fuels. If $4 a gallon gas based on crude oil is too expensive, then there needs to be a viable alternative fuel for powering Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-14692464005164748972008-06-13T00:31:00.000-05:002008-06-13T00:31:00.000-05:00I just don't believe it. I won't believe it. I can...I just don't believe it. I won't believe it. <BR/>I can't believe it. I shan't believe it. <BR/>R.R.Anonymousnoreply@blogger.com