The Bakken Shale ... Any of you keeping up with it?

Just wondering if any of our resident gurus are keeping up with the Bakken Shale play? Seems like the potential for enormous oil production is there. Some gas as well.

 

Thoughts?

Tags: Bakken, Oil

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Permalink Reply by HMI on December 3, 2010 at 13:24
GoshDarn, do you know what County and State your friend is in?

I'm looking over some numbers from Richland County, MT. That is the third county down from the top on the very eastern line. So NW corner. Some good numbers coming out of there. I'd be interested in seeing a "heat map" of the play as a whole to see where the Core area is (similar to what we see posted here regarding the Haynesville Shale).

Les, you wouldn't happen to know where I could scare up a map like that would you?
Permalink Reply by HMI on December 4, 2010 at 3:42
Thanks Gosh Darn. Now I see why you didn't think I was from LA. Actually that's at my place out here in Haughton. My bottom land has a bunch of those big trees in it. Great big water oaks and white oaks. Some of them 7' in diameter. And you're right on the .410. That's for shooting snakes. It's light and doesn't weigh me down when I'm roaming around. Not the "manliest" gun lol .... but it gets the job done on those Cottonmouths and Copperheads. Love walking around in that bottom land. Believe it or not I've seen bigger trees in LA than I have in most parts of the U.S. that I've traveled in - the West being the exception.

I ended up reading a good bit on the Bakken last night. Pulled up some presentations from Questar and got some bonus tidbits on their Haynesville stuff as well.
Permalink Reply by HMI on December 4, 2010 at 8:56
"Hold my gun" .... I like that. It sounds like something Robert Duvall would have said.

Yep it's a nice piece of land to be sure. There are a lot fewer snakes on it than there used to be. Plenty left to keep me on my toes though. I'll try to attach a couple pictures. One of a big ole Cottonmouth I popped with the 300 Mag. and then a couple more of the big trees. Hopefully we don't lose our trees to the pipelines and drilling. If we do, I'll mill them up and use them in our home in some way.

Have you watched "Savage Wild" with Many Puig?

It's a bit off topic but what the heck ...lol.
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Permalink Reply by HMI on December 4, 2010 at 9:43
I know what you mean GD. I've been in the woods all my life. More at home there than on the pavement. I've eaten rattlesnake. Not bad, but not great. That ribeye I had down at Texas Roadhouse last night was a whole lot better. :-D

I let the King Snakes go because I believe they do some good. I have a ton of the Redtail Hawks out here though and they do a bang up job on the rodents. Then there are the Egrets that follow me when I'm bushhogging and eat all the grasshoppers, spiders, small mice and small snakes that turn up as I mow along. I like the bird clean up crew better than the snake clean up crew. Just a personal preference.

I've got a feeling it'll be those CHK Oklahomans coming by to chew the fat. Knock on wood. As long as NG keeps a rising.

Oil & Gas ProPermalink Reply by Two Dogs, Pirate on December 4, 2010 at 13:24
GD I picked up a hitchhiker one time that had been bitten by a rattlesnake bout 6 months before. He pulled up his britches leg and he was black from his knee to his ankle on the outside portion of his calf. The bite was about mid calf and it had a hole that you could stick your thumb into. He said that he went to tripping like he was on acid from the poison. Think that I would rather get bit by a rattler then by a stumptail. Stumptail bite would probably rot your leg off, like getting bit by a komoto dragon.

Oil & Gas ProPermalink Reply by Two Dogs, Pirate on December 4, 2010 at 14:03
Water Oaks are a pain in the butt when you live in town. Lady planted one just to her side of our property line back when I was a kid. I remember that my dad was pissed and said that tree would grow to be a monster, and would do nothing but shed leaves and branches from now on. This tree is about 6 feet in diameter at the base now. Nothing will grow around it, it has even cracked the slab of the ladies house. We had one that kept growing up through one of my mothers azialia bushes in the back yard, she would cut it off at ground level but it would still come back up. After the death of my dad in 1967 my mom gave up on yard work and the tree grew. It was probably 6 foot in diameter at the base when I had to remove it back in the late 1990's.

Oil & Gas ProPermalink Reply by Sylvester Deal on December 4, 2010 at 7:51
See the link to Williston Basin Petroleum Conference May 2010, Regina Saskatchewan

http://www.ndoil.org/?id=85&page=WBPC

Good presentations on many aspects of Bakken play.
Permalink Reply by HMI on December 4, 2010 at 7:55
Thanks very much Sylvester. I'll check it out.

Oil & Gas ProPermalink Reply by Les Bamburg on December 3, 2010 at 12:35
HMI, I follow the Bakken Shale some but not that closely since it is primarily oil with limited natural gas. EOG and Questar (among others) are both significant players. As GD said, they need additional oil pipeline capacity to reduce their offtake costs and allow continued growth.
Permalink Reply by Aubrey C. Sanders, Jr. on December 4, 2010 at 12:26
I follow the Bakken sort of closely and have invested in several smaller companies which have done done very well in North Dakota. I read recently that ND had surpassed La. in oil production. I think it is now #4.

This old country boy enjoyed Gosh Darn and HMI tales. You KNOW I am a country boy when I tell you I grew up in the Shongaloo area way out in boondocks and I am proud of it. I stayed in woods and creeks hunting year round hunting and fishing. Thinking seriously about moving back.

Hogs are great for keeping cottonmouths under control So was my 1/2 chow/? dog. Mickey livied to kill them. After getting bit near his throat his head swelle up big as 5 gallon bucket. He spent his days laying in mud in a branch and he got OK. In the 40's and 50's we didn't take no dog to the vet. Did not stop him from killing snakes. Unfortunately he died on the gravel road on which we lived. Hit by truck.

Those were the
days I like to remember.
Permalink Reply by HMI on December 5, 2010 at 13:30
Aubrey,

If I may ask were those Limited Partnerships you invested in or the stocks of the producers. The actual reason I was reviewing the Bakken Shale is because a client of mine had been solicited to buy an interest in a L.P. in this play. I read the prospectus cover to cover and am not really impressed. Those Limited Partnerships can be tricky. Gotta sort out how much ownership and revenue share you really have, who all needs to get paid and when, etc, etc. Some are great, some ...not so great.

Glad you enjoyed the tales of Gosh Darn and myself. I know right where Shongaloo is. I get through there every now and then when I take the back roads going north to Lower AR. It's a nice drive.

As to hogs ... amazingly enough we don't have a single hog in this stretch. Knock on wood. THe guys that have them are doing their best to eradicate them. A hog is sure better eatin' than a snake ever would be. My Akita was bit by a Copperhead late one Sunday night. That little Copperhead popped my Akita twice on the foot. It started swelling quick. After puttin' two in the Copperhead, we tossed the Akita in the car and headed for the Animal emergency hospital. They treated her and put her on meds for a couple weeks. She recovered 100% except there's still a little spot by one of the bites that rears up every now and then. My wrath on the snakes is more for the safety of my dogs - the other one's a Bassethound who's a low rider. It'd be bad, bad if she ever got bit. Sorry to hear about the loss of your Chow. They're an awesome dog. They actually share some traits of the Akitas.

If you get back this way holler, I'll buy you lunch.
Permalink Reply by Aubrey C. Sanders, Jr. on December 6, 2010 at 8:59
HMI,

Thanks for the reply. My investments in Bakken were in individual stocks of several small to medium sized companies. So far so good.

The hogs I referred to killing snakes were our domestic hogs. Back in the 40's and 50's everyone turned their hogs out to roam and forage in fall and winter. Now, some of their ancestors roam the area in the wild. They sure can do some damage to our land. Now we are paying the price. We lived near Cypress Creek bottoms and did not catch all of them at roundup time.

I have owned Chow dogs for 40+ years. Really good dogs, I think. I like the Akitas also. I think they must be related to Chows. My daughter once owned 2 Akitas. My younger daughter wants a Bassethound. I like them also. When I was growing up we had an English Bulldog also. In the early 50's she killed a wolf in our yard.

I usually get back to LA about every couple of months. Will probably be back in Feb. I would like to meet you and have lunch. Thanks for the invite.

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