Top energy story of the week: Hubbert's peak oil theory with another nail in the coffin. Despite $50 oil, US oil and natural gas reserves hit a new all-time record -- and by a large, large margin. My hunch: the record will be broken again. And it won't take as long this time. The previous record was back in 1970, I believe. Graphics here. USGS jaw-dropping assessment of the Permian.
International: Mexico says it will drill 40 conventional onshore wells for $1.47 billion.
National:
US crude oil inventories now over 450 million bbls; more than 7% higher than average.
US oil production is rising at its fastest pace in 98 years.
Oil glut? Made in the USA.
WTI drops below $50 before recovering to $51.
Record low gasoline prices not "moving" gasoline demand.
Earthquake shuts down Alaska pipeline.
Back to the Bakken
Geoff Simon's top North Dakota energy stories
State takes "wait-and-see" approach on flaring
Alaskan earthquake shuts down Trans-Alaska pipeline -- S&P Global
Dickinson Airport plans $64 million upgrade to runway -- KFYR-TV
After struggles, North Dakota grows into its ongoing oil boom -- NPR
Judge allows preliminary work on Keystone XL Pipeline -- Bismarck Tribune
Assessment misleads public on economics of climate change -- Institute for Energy Research
Operations
MRO reports two huge Reunion Bay wells
CLR reports an incredible Wiley well
Production per well continues to increase
Reader's update on Newfield's Yellowfin wells
DUCs
Update
Natural gas
Production growth requires the equivalent of 16 new processing plants
Production by association
Many examples; this is a Kermit well
Wiley and Bailey
The Nathan Hale
Commentary
The manufacturing stage of the Bakken
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