Editorial hit piece on Bakken presented as front page reporting

The New York Times ran an entertaining hit piece on the entire Bakken oil field with particular focus on the intentionally lackadaisical enforcement effort from the state. I learned of the front page article from some complimentary twitter comments, from which I guessed this was a major attack before even reading the first paragraph.

Check out The Downside of the Boom.

As I’ve expanded the horizons of my reading over the last four years, I’ve learned how to see the slant on articles. It’s easy to pick up on agendas if you read carefully, watch the choice of words, and assess the point of view. The goal in this report from the NYT is oh so obvious.

Million Dollar Way’s read is the same:

It was clearly an editorial which will be used by movers and shakers in Washington to support their case that the environment is too important to leave it up to state regulators.

Having said that, I believe my point of view is just as visible – since I’m not a professional journalist, I don’t try to hide my worldview when writing about an issue on which I have an opinion. You may thus filter my comments and the NYT article as you wish.

On to the article…

At a simple level, the adjectives and adverbs are slanted. The oil service roads “slash” through the landscape. That description is in a caption for a photo showing a peaceful farm in the foreground, pump jacks on the hill at the horizon, and not a service road in sight. The farmer with those slashed wheat fields is likely depositing checks for twenty or fifty thousand dollars each month.

Leaks in pipelines which are under federal and not state supervision are the fault of the previously mentioned lackadaisical state regulators. Keep in mind a federal agency is responsible for most pipelines and all the big pipes.

Continue reading “Editorial hit piece on Bakken presented as front page reporting”

Photojournalism site telling the story of North Dakota and the Bakken

Just found a wonderful site – Intersection Journal

Founder and photojournalist Chad Ziemendorf’s description:

Intersection Journal is an online magazine dedicated to capturing the culture, industry and way of life in Western North Dakota through photography and writing.  Optimized for the mobile generation, we celebrate living, working in and exploring the Peace Garden State.

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More good stuff on the open frontiers – 11/18

A few articles on the open frontiers of technology, energy, space and publishing that are worth a read and a brief comment.

About those low energy prices – #4

11/15 – Dickinson Press – Bakken keeps booming: Despite low prices, companies continue to invest in Oil Patch – Estimates attributed to “state officials” suggest that crude oil prices would have to drop to $42 per barrel to bring most production in the state to a halt. The impact of that price would be far more devastating to OPEC and Russia than the U.S. industry.

Continue reading “More good stuff on the open frontiers – 11/18”

Crude price is still above the prices that generated the current boom

The Director’s Cut report from the NDIC Department of Mineral Resources, Oil and Gas Division has lots of good info every month.  I’ve been reading that for quite some time.

One piece of information included is the average sweet crude price. That is a usable benchmark for oil production. My understanding is there may be a discount for Bakken oil to allow for transport. The number in the reports are a reference point.

I accumulated the price mentioned in the reports going back to January 2010, which is the oldest report available online.

Current month Director’s Cut can be found here. Previous reports can be found here.

Here’s what I found:

11-14 crude price by month

Notice something?

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Another month of record production in North Dakota – up 4.6% for the month

 

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(Photo by James Ulvog)

Oil production in North Dakota increased to average of 1,184,635 bopd in September, up 4.63% from August. Bakken only production was 1,120,031 bopd average.

That is a 26.8% increase from 9/13 to 9/14. Very cool.

Flared percentage was down to 24% from 28% in August and 26% in July.

Here are some updated graphs:

Bakken and state-wide production since ’08:

9-14 since 08

More graphs –

Statewide since 2004: Continue reading “Another month of record production in North Dakota – up 4.6% for the month”

More good stuff on the Bakken – 11/13

Here’s a few quick notes on interesting news from the Bakken that I won’t cover in a separate post.

Hard work, determination, and perseverance will produce superb results in Bakken. With those skills in California, you are underemployed. And that assumes you can even find a job.

Here is one more in a non-ending string of stories of people who find success in the oil patch of North Dakota:

Continue reading “More good stuff on the Bakken – 11/13”

More good stuff on the Bakken – 11/8

Here are a few articles of what’s going on in North Dakota. Focus for this post is infrastructure and employment.

11/7 – Al Jazeera – From the wars of West Africa to the oil boom of North Dakota – Yes, my first link to Al Jazeera.

This is a superb story – in-depth view of the life of two immigrants from Africa (him Sierra Leone, her Liberia) who are making a combined $30 an hour Continue reading “More good stuff on the Bakken – 11/8”

Update on a short term production prediction

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(Photo by James Ulvog – 2 pump jacks in operation, 2 more being assembled, 1 workover rig, 1 drilling rig – That site will hold an investment of around $54M or $60M when finished and will produce somewhere between 3 million and 6 million barrels of oil during its useful life.)

Oil production in North Dakota set another record in August 2014. Total production in the state averaged 1,132,331 barrels per day. Production in Bakken only was 1,068,609 bopd. That is a 1.61% increase statewide and 1.70% in Bakken-only.

Very cool.

On 9/23, I described the prediction from Bentek: Another short term production prediction for Bakken. Time to see how that turned out.

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More good stuff on the Bakken – 10/6

 

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(Photo by James Ulvog, showing flaring of natural gas that can’t be tied into a pipeline.)

Here’s a few long notes on interesting news that I won’t cover in a separate post:

Production may drop for a while

10/2 – Million Dollar Way – North Dakota Oil Production Likely To Start Falling – Rigzone, Reuters – The MDW article quotes Rigzone explain why production will be likely be falling at times over the next year.

Continue reading “More good stuff on the Bakken – 10/6”

More good stuff on the Bakken – 9/26

Here’s a few quick notes on interesting news that I won’t cover in a separate post: cost of Bakken wells going up, short-term production drop and long-term increase.

Cost of wells

9/20 – Million Dollar Way – Idle Chatter on Costs of Completed Wells in the Bakken

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How would you like to work in an industry where a monthly output increase of 1.7% is preceded with the description “only”? Welcome to Bakken.

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(photo by James Ulvog taken in October 2013)

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(Photo by James Ulvog, closeup of above pump; notice flare pit in foreground)

Production in North Dakota in July was 1,110,653 bopd, an increase of “only” 1.66% over the slightly revised June number of 1,092,519 bopd. Bakken only production was only up 1.9%.

(Update at bottom of post about that 5% increase for the month.)

Here’s the graph:

ND production July 14

I say “only” because Mr. Helms was expecting an increase of 5% for each of the summer months.

Continue reading “How would you like to work in an industry where a monthly output increase of 1.7% is preceded with the description “only”? Welcome to Bakken.”

More good stuff on the Bakken – 9/10

Here’s a few quick notes on interesting news that I won’t cover in a separate post.

Here is an early estimate for the July numbers. On 8/25, Bentek Energy issued a press release: Production from Bakken, Eagle Ford Rose 3.4% in July. Their prediction is

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And now, live from Williston…

Bruce Oksol arrived in Williston today. He is the author of Million Dollar Way blog. He will be in town 7 or 10 days and (hopefully) will be posting a lot of articles while he is there.

First report, Arrived Safely in Williston, ND, The Heart of the Bakken describes the visible growth.

By the way, his blog has been one of the major sources of education for me since I started paying attention to the energy revolution. If you’ve been reading my blog for the energy news, you really ought to check out his blog regularly. Maybe even set it up on an RSS feed so you automatically get all his posts.

Production in 3 biggest US oil fields – Aug. ’14

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(Photo by James Ulvog. Four wells on a pad was big news only a short while ago. Now 4 is a small site.)

Only 10 oil fields have surpassed a production level of one million barrels a day. Currently three of them are running in the U.S.:  Bakken, Eagle Ford, and Permian.

I’ve been wanting to find a source for Eagle Ford production. After reading a Carpe Diem post (which I can’t find again), I found a great source: the Energy Information Administration’s Drilling Productivity Report. Check out the second tab, Production by region, and the report data on the right side of the page.

Here is the production for the three top regions, in average daily production for each month from January 2007 through September 2014. Data for the last three months is estimated.

3 field production 8-14

Two notes on the data.

Continue reading “Production in 3 biggest US oil fields – Aug. ’14”