Saturday, April 12, 2014

Week 15: April 6, 2014 -- April 12, 2014

Top Story
North Dakota revolutionized the US energy industry -- WSJ

Top Story (Yes, another one)
New recreation center in Williston is the largest park district-owned in-door recreation center in the country

The Bakken as laboratory: a new secondary containment system for crude oil pads
North Dakota oil production increased almost 2% month-over-month despite severe winter
Two more CLR Atlanta wells on the Baker pad reported; nice wells
Data points from the Bakken for newbies; sweet dreams are made of these
Enerplus, Slawson hitting some big wells; Statoil with another "high-IP well -- almost 5,000 bopd
Whiting, BR reporting nice wells
CLR reports a completed Montana Bakken well with six (6) horizontal laterals
Break-even point in the Bakken: $60/bbl
EOG and decline curves
Summary of March, 2014, permits

The reservation is the center of Bloomberg's attention on flaring

Takeaway capacity in the Bakken: rail still required
BNSF: slowed train velocity by 16%; slowed ordering of new oil tank cars

New transloading facility southwest of Williston?

World's largest truck wash is in the Bakken; south of Williston
Ground broken on two new bypasses: Williston and Alexander
Minot voters approve $40 million bond for new elementary school
Beach railport project moves forward

Jobs in the Bakken
New website for prospective Bakken workers 

Plenty of water in western North Dakota for fracking

The Bakken, not the federal government, responsible for resurgence in domestic oil and gas industry
Huge population growth in shale boomtowns
As many as 120,000 wells might be needed in the Bakken; drilling for 60 years
The Bakken won't be replicated outside of North America
Wood Mackenzie report on the Bakken
North American shale revolution is "for real"; won't be easily duplicated elsewhere

For investors only
Blackstone invested in the Bakken
WTI over $104/bbl
Whiting USA Trust 1 nearing its end
Oil prices surge; no reason given
TPLM update; analysts up target on EOG

North Dakota close to set new record in oil -- canola oil; soybeans
ND farmers to plant 16% more spring wheat than last year; durum wheat up 38%