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Elevator speech: there were two stories that dominated the Bakken in 2017:
- the successful opening of the DAPL
- North Dakota crude oil production maintained greater than one million bopd against all forecasts
- Re-balancing
- OPEC is successful in holding the line; by the end of the year, re-balancing was down to 30 weeks
- surge in US crude oil exports
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Top Stories Of 2017
By Category
By Category
Top Story of The Year: President Trump takes office
Runner-up: The Bakken strikes back, version 2
The world: "global synchronized economy" becomes the go-to phrase for "Trump rally" (stock markets surged in 2017)
Most surprising story of 2017: despite all the hysteria, war did not break out on the Korean peninsula, nor in the Mideast; global economies surged (well, sort of)
The most egregious story to come out of the Bakken: North Dakota State wants a "stay" on the mineral rights case. This was the case:
The state legislature, in an attempt to resolve disputed mineral rights that are hampering development of minerals in the Lake Sakakawea area, had commissioned a study of the historical, high water mark of the Missouri River prior to building Garrison Dam, which created Lake Sakakawea. Their legislation would also restrict the state’s mineral rights to that historical ordinary high water mark.
The US: the signing of the GOP tax cut bill, the largest in US history
North Dakota, energy: successful opening of the DAPL
North Dakota, energy, runner-up: USGS says it will re-assess the Bakken
North Dakota, energy, runner-up: USGS says it will re-assess the Bakken
North Dakota, technology: EERC and CO2 re-capture initiatives
Most exciting small non-operator in the Bakken: NOG
Most exciting micro operator in the Bakken: White Butte
Most exciting small operator in the Bakken: Oasis
Most exciting large operator in the Bakken: MRO
The deals: Oasis sells off some Bakken assets to enter the Permian
Record price per Bakken mineral acre: n/a
Bakken operators, rigs: n/a
Bakken operations, production: North Dakota crude oil production remains over one million bopd
Bakken operations, density: White Butte Jore Federal
Top prediction for 2018: Lynn Helms opines "fast and furious" for 2018
Biggest story in takeaway capacity: DAPL
CBR: disappearing
Pipeline: DAPL
Fracking: mini-re-fracks; re-fracking
Flaring: reverses direction, trending in the wrong direction
Natural gas: surge in North Dakota natural gas production
Refining: announcement that construction of the Davis refinery (near Belfield) to commmence in early 2018
Investment story of the year: n/a
The "Other" Williston Basin formations: n/a
Bakken economy (too many to list): Williston airport moves long; this is #6 on the Williston Herald's top ten list; link here. Also here, if that link breaks.
History: n/a
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