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No bust yet
Author: Drexel Henderson
Date: 01-23-2015 - 20:49

Kinder Morgan just made a big bet on the Bakken by buying Hiland Partners LP for $3 billion. KM is a smart company and they make deals like this on a whim.

The biggest job losses are in the oil service industry. However that doesn't mean production will go down in the short term (one year). Continental Resources is INCREASING production 18% in the Bakken this year. How will they do that? By taking rigs out of lower production oil field area's in the Bakken and move them into high production area's. Also they will increase the amount of frac sand used per drilling operation.

Same with the Permian Basin. Operators will concentrate on "stacked" or overlapping oil shale area's to maxamize production. Only one company in the Permian Basin plans on decreasing production this year.


DH

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Subject Written By Date/Time (PST)
  Bakken Boom Bust or Just Flattening Out? Bruce Kelly 01-22-2015 - 12:54
  Re: Bakken Boom Bust or Just Flattening Out? pdxrailtransit 01-22-2015 - 14:34
  Re: Bakken Boom Bust or Just Flattening Out? BOB R 01-22-2015 - 15:40
  Re: Bakken Boom Bust or Just Flattening Out? pdxrailtransit 01-22-2015 - 16:15
  Re: Bakken Boom Bust or Just Flattening Out? Graham Buxton 01-22-2015 - 16:25
  Re: Bakken Boom Bust or Just Flattening Out? pdxrailtransit 01-22-2015 - 16:37
  Re: Bakken Boom Bust or Just Flattening Out? Trackwuurk 01-22-2015 - 20:03
  Re: Bakken Boom Bust or Just Flattening Out? pdxrailtransit 01-22-2015 - 20:16
  Re: Bakken Boom Bust or Just Flattening Out? HJ 01-22-2015 - 23:01
  Your Brain Just Flattening Out? TRAINS? 01-22-2015 - 23:42
  Re: Bakken Boom Bust or Just Flattening Out? Ed Workman 01-23-2015 - 09:31
  Re: Bakken Boom Bust or Just Too Much BS? BOB2 01-23-2015 - 11:56
  Re: Bakken TRAINS? Ed Workman 01-23-2015 - 13:45
  Re: Bakken Boom Bust or Just Flattening Out? SP5103 01-23-2015 - 11:00
  No bust yet Drexel Henderson 01-23-2015 - 20:49
  Short Answer PNWRailfan 01-24-2015 - 01:31
  Re: Short Answer David Smith 01-24-2015 - 13:08
  Re: Short Answer BOB R 01-24-2015 - 16:31


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