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VIDEO: John Oliver Urges Us to Wake Up to How Big Oil Is Killing People and Destroying North Dakota
VIDEO: John Oliver Urges Us to Wake Up to How Big Oil Is Killing People and Destroying North Dakota In another informative and funny segment of HBO’s “Last Week Tonight,” John Oliver explores what has happened to North Dakota since the starts of its oil boom.
‘Blood & Oil’, North Dakota, and dreams not exactly fulfilled
‘Blood & Oil’, North Dakota, and dreams not exactly fulfilled Last week a new television series set amidst the North Dakota oil boom debuted. Blood & Oil tells the story of locals and newcomers striking it rich in The Bakken, an oil formation that has been heralded as containing more oil than Saudi Arabia–a wildly misleading* but understandably […]
First State Approves Drones with Rubber Bullets, Tasers, Pepper Spray, Tear Gas, Sound Cannons for Domestic Use
First State Approves Drones with Rubber Bullets, Tasers, Pepper Spray, Tear Gas, Sound Cannons for Domestic Use North Dakota has become the first state to approve government use of drones equipped with “less than lethal weapons”, including “rubber bullets, pepper spray, tear gas, sound cannons, and Tasers”. The bill passsed largely due to the inherent corruption of the US […]
The Bakken ”Red Queen” is restrained with more credit
The Bakken ”Red Queen” is restrained with more credit This post is an update on Light Tight Oil (LTO) extraction in Bakken based upon published data from the North Dakota Industrial Commission (NDIC) as per March 2015. Extraction developments of LTO from Bakken may be followed by county, formation, vintage of wells, and one important source […]
Bakken Decline Rates Worrying For Drillers
Bakken Decline Rates Worrying For Drillers I have been supplied an Excel spreadsheet of all North Dakota wells back to 2006, thanks to Enno Peters and Dennis Coyne. I only used the data back to 2007 however. This is a wealth of information if we want to know how many wells came on line in […]
12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs
12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs The gravy train is over for oil workers. All over North America, people that felt very secure about their jobs just a few weeks ago are now getting pink slips. There are even some people that I know personally that this has […]
North Dakota county feels Bakken boom ebb away as oil falls
North Dakota county feels Bakken boom ebb away as oil falls (Reuters) – Just over a decade ago, this sleepy farming community on the fringe of North Dakota’s Bakken shale formation hosted the state’s first horizontal oil well to be hydraulically fractured, or fracked, helping set in motion an economic revolution that shook the world. […]
Are The Bakken’s Sweet Spots Past Their Prime?
Are The Bakken’s Sweet Spots Past Their Prime? This post is an update on total Light Tight Oil (LTO) extraction from Bakken in North Dakota based upon actual data as of October 2014 from North Dakota Industrial Commission (NDIC). It further presents a statistical analysis on developments of well productivity with a detailed look at […]
North Dakota Mineral Resources Dept Admits Half Its Shale Regions Below Breakeven
North Dakota Mineral Resources Dept Admits Half Its Shale Regions Below Breakeven While talking heads and TV personalities reassure the investing public that low oil prices are “unambiguously awesome” for everyone, it seems the cracks in this narrative are starting to show. From falling wages, surging job cuts, plunging rig counts, and crashing capex, it’s […]
Bakken, Let’s Do The Math
Bakken, Let’s Do The Math There has been considerable dispute over how many new wells required to keep production flat in the Bakken and Eagle Ford. One college professor posted, over on Seeking Alpha, figures that it would take 114 rigs in the Bakken and 175 in Eagle Ford to keep production flat. He bases his […]
Guest Post: Calculating The Breakeven Price For The Median Bakken Shale Well | Zero Hedge
Guest Post: Calculating The Breakeven Price For The Median Bakken Shale Well | Zero Hedge. A lot of data has been thrown around recently concerning the Bakken shale wells of North Dakota in an attempt to figure out the necessary oil price required to break even on the investment. In order to get a clearer […]
Where Oil and Politics Mix – NYTimes.com
Where Oil and Politics Mix – NYTimes.com. TIOGA, N.D. — In late June, as black and gold balloons bobbed above black and gold tables with oil-rig centerpieces, the theme song from “Dallas” warmed up the crowd for the “One Million Barrels, One Million Thanks” celebration. READ PART 1 The Downside of the Boom North Dakota […]
