Friday, January 8, 2016

Week 1: January 1, 2016 -- January 9, 2016

The market has its worst first week of the year in decades? OPEC benchmark drops below $30 for first time in 12 years? Yeah, it's been a bad first week of the New Year. But it's now past and time to move on.

Outside the Bakken, the first ship of US crude oil departed on December 31, 2015, under relaxation of rules on exporting US crude oil.

Top stories for 2015 were posted.

Operations
Number of active rigs hits post-boom record low: 54 
EOG's $20 million pad in non-core Bakken acreage
EOG drills a record well: a short lateral on 320-acre spacing 
Mike Filloon with a Bakken update

Fracking
Possible example of "halo effect" in the Bakken, part II
Possible example of "halo effect" in the Bakken, part I

Bakken economy
Statewide, taxable sales plummet 25%; worse in the Bakken counties

Miscellaneous
Samson Oil & Gas acquires 51,000 acres, 17 producing wells in the Bakken

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