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Zephyr Energy Invests in 18 Further Wells in North Dakota — Energy Comment

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Zephyr Energy Invests in 18 Further Wells in North Dakota — Energy Comment


By Jaime Llinares Taboada


Zephyr Energy PLC stated Thursday that it provides acquired interests in 10 wells all of which will invest around drilling a further eight sites across its non-operated portfolio in the Williston Basin, North Dakota. This is what the oil-and-gas corporation had to say:


“Over the past two many months, Zephyr elected to be involved in seven new Sanish Field infill wells to help be drilled within going and spacing units around which Zephyr currently contains working interests.”


“Zephyr has acquired working interests within a further 11 wells…most which have already recently been drilled and they are awaiting finalization.”

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“Total consideration for typically the 11 acquired wells is usually circa $301,000, which in turn has been paid coming from existing cash resources”


“Zephyr’s normal working interests across typically the 18 new wells is usually circa 1.4% for every well, or possibly a total blend of circa 24.4% of one net properly, and are comprised regarding two and three-mile hydraulically stimulated horizontal wells.”


“In conjunction with the acquisition selling price purchased the newly purchased 11 wells, Zephyr can fund the discretionary online capital expenditure relating to help the drilling and finalization for all 18 regarding the new wells. Zephyr’s net CAPEX is believed to be circa US$1.8 million which can be payable over 2022, and the Board desires to fund this investment decision from the existing cash assets.”


“The Company expects most 18 of the fresh wells being on manufacturing by the end 2022, resulting in an predicted 80,000 barrels regarding oil equivalent reserve improvement to Zephyr.”


“The 20 new wells are anticipated to help generate an incremental 200-250 barrels of oil equal per day, although sources is going to be brought online from varying points over typically the second 50 % of 2022. This particular incremental production will function to offset typical diminish in Zephyr’s existing making wells.”

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“Zephyr’s non-operated collection averaged 1,600 boepd in the first 1 / 4 of 2022. Updated manufacturing and revenue totals, along with revised forecasts, will always be provided after 2Q 2022 revenue totals and costs data are received coming from our Operators.”


Write to help Jaime Llinares Taboada from jaime.llinares@wsj.com; @JaimeLlinaresT




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North Dakota

Port: Make families great again

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Port: Make families great again


MINOT — Gov.-elect Kelly Armstrong is roaring into office with some political capital to spend. I have some ideas for how to spend it during next year’s legislative session.

It’s a three-pronged plan focused on children. I’m calling it “Make Families Great Again.” I’m no marketing genius, but I have been a dad for 24 years. There are some things the state could do to help.

The first is school lunches. The state should pay for them. The Legislature had a rollicking debate about this during the 2023 session. The opponents, who liken this to a handout, largely won the debate. Armstrong could put some muscle behind a new initiative to have the state take over payments. The social media gadflies might not like it, but it would prove deeply popular with the general public, especially if we neutralize the “handout” argument by reframing the debate.

North Dakota families are obligated to send their children to school. The kids have to eat. The lunch bills add up. I have two kids in public school. In the 2023-2024 school year, I paid $1,501.65 for lunches. That’s more than I pay in income taxes.

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How much would it cost? In the 2023 session,

House Bill 1491

would have appropriated $89.5 million to cover the cost. The price tag would likely be similar now, but don’t consider it an expense so much as putting nearly $90 million back in the pockets of families with school-age children. A demographic that, thanks to inflation and other factors, could use some help.

Speaking of helping, the second plank of this plan is child care. This burgeoning cost is not just a millstone around young families’ necks but also hurts our state’s economy. We have a chronic workforce shortage, yet many North Dakotans are held out of the workforce because they either cannot find child care or because the care available is prohibitively expensive.

State leaders haven’t exactly been sitting on their hands. During the 2023 session, Gov. Doug Burgum signed

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a $66 million child care package

focusing on assistance and incentives. We should do something bolder.

Maybe a direct tax credit to cover at least some of the expenses?

The last plank is getting vaccination rates back on track.

According to data from the state Department of Health,

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the kindergarten-age vaccination rate for chicken pox declined 3.76% from the 2019-2020 school year. The rate for the measles, mumps and rubella vaccine is down 3.72%, polio vaccines 3.54%, hepatitis B vaccines 2.27%, and the vaccine for diphtheria, tetanus and pertussis 3.91%.

Meanwhile, personal and religious exemptions for kindergarten students have risen by nearly 69%.

This may be politically risky for Armstrong. Anti-vaxx crankery is on the rise among Republicans, but, again, Armstrong has some political capital to spend. This would be a helpful place for it. A campaign to turn vaccine rates around would help protect the kids from diseases that haven’t been a concern in generations. It would help address workforce needs as well.

When a sick kid can’t go to school or day care, parents can’t go to work.

These ideas are practical and bold and would do a great deal to help North Dakota families.

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Rob Port is a news reporter, columnist, and podcast host for the Forum News Service with an extensive background in investigations and public records. He covers politics and government in North Dakota and the upper Midwest. Reach him at rport@forumcomm.com. Click here to subscribe to his Plain Talk podcast.





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North Dakota 77-73 Loyola Marymount (Nov 22, 2024) Game Recap – ESPN

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North Dakota 77-73 Loyola Marymount (Nov 22, 2024) Game Recap – ESPN


LOS ANGELES — — Treysen Eaglestaff had 23 points in North Dakota’s 77-73 win over Loyola Marymount on Friday night.

Eaglestaff also contributed five rebounds for the Fightin’ Hawks (3-2). Mier Panoam scored 16 points and added seven rebounds. Dariyus Woodson had 12 points.

The Lions (1-3) were led in scoring by Caleb Stone-Carrawell with 17 points. Alex Merkviladze added 16 points, eight rebounds, four assists and two steals. Will Johnston had 15 points and four assists.

North Dakota went into the half ahead of Loyola Marymount 36-32. Eaglestaff led North Dakota with 12 second-half points.

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——

The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.



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National monument proposed for North Dakota Badlands, with tribes' support

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National monument proposed for North Dakota Badlands, with tribes' support


BISMARCK, N.D. — A coalition of conservation groups and Native American tribal citizens on Friday called on President Joe Biden to designate nearly 140,000 acres of rugged, scenic Badlands as North Dakota’s first national monument, a proposal several tribal nations say would preserve the area’s indigenous and cultural heritage.

The proposed Maah Daah Hey National Monument would encompass 11 noncontiguous, newly designated units totaling 139,729 acres (56,546 hectares) in the Little Missouri National Grassland. The proposed units would hug the popular recreation trail of the same name and neighbor Theodore Roosevelt National Park, named for the 26th president who ranched and roamed in the Badlands as a young man in the 1880s.

“When you tell the story of landscape, you have to tell the story of people,” said Michael Barthelemy, an enrolled member of the Mandan, Hidatsa and Arikara Nation and director of Native American studies at Nueta Hidatsa Sahnish College. “You have to tell the story of the people that first inhabited those places and the symbiotic relationship between the people and the landscape, how the people worked to shape the land and how the land worked to shape the people.”

The National Park Service oversees national monuments, which are similar to national parks and usually designated by the president to protect the landscape’s features.

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Supporters have traveled twice to Washington to meet with White House, Interior Department, Forest Service and Department of Agriculture officials. But the effort faces an uphill battle with less than two months remaining in Biden’s term and potential headwinds in President-elect Donald Trump ‘s incoming administration.

If unsuccessful, the group would turn to the Trump administration “because we believe this is a good idea regardless of who’s president,” Dakota Resource Council Executive Director Scott Skokos said.

Dozens if not hundreds of oil and natural gas wells dot the landscape where the proposed monument would span, according to the supporters’ map. But the proposed units have no oil and gas leases, private inholdings or surface occupancy, and no grazing leases would be removed, said North Dakota Wildlife Federation Executive Director John Bradley.

This undated image provided by Jim Fuglie shows Bullion Butte in western North Dakota. Credit: AP/Jim Fuglie

The proposal is supported by the MHA Nation, the Spirit Lake Tribe and the Standing Rock Sioux Tribe through council resolutions.

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If created, the monument would help tribal citizens stay connected to their identity, said Democratic state Rep. Lisa Finley-DeVille, an MHA Nation enrolled member.

North Dakota Gov. Doug Burgum is President-elect Donald Trump’s pick to lead the Interior Department, which oversees the National Park Service, including national monuments. In a written statement, Burgum said: “North Dakota is proof that we can protect our precious parks, cultural heritage and natural resources AND responsibly develop our vast energy resources.”

North Dakota Sen. John Hoeven’s office said Friday was the first they had heard of the proposal, “but any effort that would make it harder for ranchers to operate and that could restrict multiple use, including energy development, is going to raise concerns with Senator Hoeven.”



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