[Rhodes22-list] Energy - The Next Texas?

[Brad Haslett]

Slim,

You should'na opened that subject.  They capped the wells because of the
lift prices versus the price of oil.  Same problem as the Illinois Basin
economic issues and the same thing that bit that "failed 'bidness' man" GW
Bush in the ass.  You can't just "turn 'em on".  I don't know what the field
rules are there (ND),  but in the Illinois Basin, you have to cap them with
concrete after two years of non activity, five grand a pop minimum, and
there "ain't" no re-drilling the same hole.  That said, lot's of good things
happen at $120 a barrel.  My hometown area is enjoying a boom. What makes
North Dakota exciting, small a play as it may be, is they don't have the
NIMBY attitude unless it is shipped in from somewhere else.  I remember my
days of flying to Grand Forks and seeing all the license plates with "Peace
Garden" on them knowing that the largest collection of nukes was distributed
between silos and Minot based B52's in ND. Irony defined!

Brad


On Tue, May 6, 2008 at 12:20 PM, Steven Alm <stevenalm at gmail.com> wrote:

> Brad,
>
> I lived in ND for 10 years. There was a huge oil boom there in the early
> 80s
> and the most of the wells were capped by the late 80s.  The wells are
> there
> and they're rigged and ready.  All you gotta do is turn 'em on.  There's
> also a lot of coal in ND.  And coal gasification plants.  Oh yeah, and
> missile silos.  I once heard that ND has a largest number of millionaires
> per capita in the country.
>
> Slim
>
> On Tue, May 6, 2008 at 7:09 AM, Brad Haslett <flybrad at gmail.com> wrote:
>
> > Whodathunkit? North Dakota a leading energy producer?  Since my backyard
> > neighbor, an energy banker, moved back to Chicago I don't spend as much
> > time
> > trolling the energy news.  However, while doing some research last year
> on
> > wind energy and biodiesel, I stumbled across Florida Power, one of  the
> > largest wind producers with wind farms in North Dakota.  ND is also the
> > largest growing area in the US for rapeseed, the feedstock for biodiesel
> > in
> > Europe.  Now they're developing oil.  There's got to be some reward for
> > freezing your ass off there.  Slim, you paying attention?  This is your
> > backyard!
> >
> >
> >
> http://nextbigfuture.com/2008/05/bakken-oil-study-north-dakota-only-and.html
> >
> >
> >
> > Brad
> > __________________________________________________
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> >
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