Director's Cut, January, 2017, data has been published.
Production
- January, 2017: 980,294 bopd
- December, 2016: 942,322
- Delta: 37,972 bopd
- Delta: 4.0% increase month-over-month
- 95% production comes from the Bakken and the Three Forks
- 5% production comes from legacy conventional pools
- January, 2017: 13,333 (all-time high was November, 2016, at 13,520)
- December, 2016: 13,337
- up five from February to today (March 8, 2017)
- February, 2017: 39
- January, 2017: 38
- December, 2016: 40
- DUCs, estimated: 802, down 5 from the end of December to the end of January
- inactive well count, estimated: 1,678, up 105 from the end of December to the end of January
- CBR still required
- Statewide: 88%
- Native Americans: 83%
- Goal: 85%
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Oil Panic
From a post less than a month ago:
Dennis Gartman (CNBC contributor) who said oil would never see $55 again, turned bullish this week, suggesting one could see another $6 - $8 on the upside vs only $2 to $3 on the downside.Well, so much for that.
Will oil open below $50 this morning?
Will oil trade below $49 today? In pre-market trading, actually traded below $49 briefly
"Holy, Batman, what do we do now?" -- Saudi foreign exchange reserves
Why $50 oil is more likely to be a ceiling than a floor: CNBC
About two weeks ago, bearish Gartman made bulllish call suggesting the floor for oil was now $55
Shale producers to increase production "despite OPEC's warning" -- Reuters
Shell sells sands -- $7.25 billion -- Reuters
Oil majors still years away from repairing balance sheets after price war -- Reuters
March: refinery demand historically at its lowest in the month of March; demand for oil, gasoline will start rising again next month and peaking through the summer months
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Wire-Tap Panic
Even Lindsey Graham is now on board. Wants spy agencies to come clean.
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Presidential Tweet
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A Day Without A Woman
Thousands of children shut out from school as schools closed down in northeast due to
Non-participating parents who only wanted their children to go to school scrambled to find child-care alternatives.
Meanwhile, the city of Boston reports record number of folks applying to enroll in charter schools.
High-tech industry in Silicon Valley seen as most-pro-women for hiring:
- overall in high-tech industries: less than one-third of employees are women
- in high-paying, technical jobs in high-tech industries: less than one-fifth of these employees are women
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Sports
Spurs epic comeback; highlights below
Wake Forest buzzer beater: this is pretty much a must-watch
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Back to the Bakken
Oil rigs:
3/9/2017 | 03/09/2016 | 03/09/2015 | 03/09/2014 | 03/09/2013 | |
---|---|---|---|---|---|
Active Rigs | 45 | 33 | 114 | 191 | 187 |
RBN Energy: why more liquefaction capacity may be needed in less than three years.
Scott Adams: how to convince skeptics that climate change is a problem. Another must-read.
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