Friday, May 26, 2017

Week 21: May 21, 2017 -- May 27, 2017

This is the week that OPEC agreed to extend production cuts (wink, wink) for a full nine months, with no exit plan. The price of oil promptly plunged 5%.

Operations
WPX reports a Bakken well that produces almost 60,000 bbls in one month 
A Madison well northeast of Minot is really quite remarkable
Some see 80 rigs in 2018 in North Dakota

Fracking
Neighboring wells show increase production jump

Bakken economy
Port of North Dakota in default; files for bankruptcy protection
Nuverra (formerly Power Fuels, Watford City, ND) files for bankruptcy protection
ONEOK opens new office in Sidney, MT
SM Energy delays selling Divide County assets

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