Friday, July 15, 2016

Week 28: July 10, 2016 -- July 16, 2016

Military coup in Turkey is being reported; has yet to play out. The attempted coup appears to have begun on Friday, July 15, 2016. There are reports that the Turkish premier is asking for asylum in Germany. [Later: it appears the coup has failed. If the military failed, this is most likely Turkey's last chance not to become an Islamic state.]

Director's Cut released today revealed that North Dakota crude oil production in May (2016)  increased ever so slightly after remarkable decline in April. Tea leaves suggest the worse may not be over for the Bakken.

The glut of oil and gasoline has continued to increase. Gasoline is down to $1.68 in some parts of north Texas. The persistently, stubborn low price is causing worry for Saudi Arabia.

Operations
Possible halo effect on a very old vertical well 
An MRO well produced 52,000 bbls in first 20 days 
Rig counts mean little in predicting production in the Bakken -- Mike Filloon
Denbury sells remaining non-core Williston Basin acreage

Fracking
Random update of a re-fracked well following a failed frack 

Pipelines
Update on the Dakota Access Pipeline 

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