Just when the Saudis thought it couldn't get any worse, the price of WTI closes below $49. Saudi responds by telling the US shale industry "they won't get a free ride." Whatever that means. Saudi is in deep doo-doo.
That OPEC cut? Turns out that OPEC exported more oil in February than the cartel did in January. Saudi and company caught with hands in the proverbial cookie jar. So much for their announced cuts.
The Australian Climate Institute announced it was closing its doors. Funding has dried up.
Meanwhile, the owner of President Obama's biomass refinery in Hawaii announced that the refinery will be closed. Apparently no one is willing to pay $26 / gallon for algae-produced jet fuel.
Meanwhile, another huge oil discovery was announced in Alaska this past week; the largest on-shore conventional crude oil discovery in 30 years. Peak oil? What peak oil?
"Every" operator is leaving the Canadian oil sands as fast as possible; "every" operator salivating over the Permian.
EOR
Top story of the week: EOG announces natural gas EOR
Operations
North Dakota crude oil production 4% higher month-over-month despite fewer wells; also here;
Oasis acquires 156 SM Energy wells
Flashback: a short lateral that produced 90,000 bbls in one month
Whiting continues to report very nice Rolla Federal wells; and, here
Random update of a Newfield Lost Bridge Federal well
North Dakota's quarterly lease auction; you, too, can buy into the Bakken for $1/acre
Pipelines
"Final" challenge to DAPL thwarted by judge
Enbridge and Spectra Energy acquisition closes
Flaring
Where is all that natural gas going?
Fracking
Cost of sand going parabolic
Random note on volume of sand used in fracking
Fracking volumes in the Bakken
How far might fracking interference extend?
Bakken economy
Williston is #4 on the list of the wealthiest cities in the US: New York City is #15; Dickinson is #14
North Dakota #2 overall; #1 in economic growth
Miscellaneous
#1 hit on the blog this past week
Bakken 2.0? That's what Bloomberg calls it
No comments:
Post a Comment