Saturday, October 20, 2018

Week 42 : October 14, 2018 -- October 20, 2018

Most under-reported energy story of the week: US gasoline demand plummets.

Most unlikely thing to happen: Saudi Arabia will "take the gloves off."

Politics: Heidi Heitkamp "outs" 120 "survivors."

Global warming: 17 inches of snow fall on Grand Forks AFB.

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Geoff Simon's top North Dakota energy stories:
Moving forward: the state may get share of wind energy taxes.
The 2019 North Dakota Legislature will be asked to consider legislation that would eventually channel one-third of taxes paid by the wind industry to the state treasury.

Currently 100% of the revenue paid by the wind farms stays in the county where the wind installation is located. 
Bakken propels North Dakota to top rankings.
North Dakota has emerged as a national growth star according to a State of the Heartland Report by the Brookings Institution. Driving North Dakota's growth is the surge in employment opportunities.

The report says North Dakota led the nation with its strong growth rate for employment at new firms. The state is leading the nation with annual job growth of 2 percent since 2001, largely driven by the state’s oil and gas boom. 

As to the state's output, North Dakota has seen the fastest economic
growth in the Heartland and the nation as a whole, with real annual growth of five percent since 2010, largely due to the rapid growth of the state’s energy sector and the advent of hydraulic fracturing.
 Reminder to self: memo to Art Berman.

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Back to the Blog

Operations:
MRO reports a well that produced at a rate of 82,000 bbls in the first month of production
Another MRO well extrapolates to 107,000 bbls in one month; also, here 
WPX with two nice Joseph Eagle wells
A 50-foot flare
The incredible CLR Mountain Gap wells have been updated
ERF's "cloudy" pad posted
The Brooklyn oil field: the Bakken's "ever-ready" oilfield

Bakken 2.5:
71 rigs

Pipelines:
The DAPL now playing in two courts

Natural gas:
Oasis' newest natural gas processing plant now operational

Miscellaneous:
Quick takes

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