Saturday, April 6, 2019

Week 14: March 31, 2019 -- April 6, 2019

Top non-energy story this week: the incredible US jobs report; and, here;

Top international energy story this week: OPEC production said to be lowest in four years.

Top national energy story this week: free cash flow for US oil companies set record in 2018; will continue to do well in 2019; WTI closes above $63 for the week; color Colorado's oil industry dead;

Top non-energy story in North Dakota: dinosaurs;

Geoff Simon's top ND energy stories:
Mostly legislative, school bond issues, etc
Washington State legislation could effectively ban Bakken CBR in that state
Williston airport ahead of schedule
Bakken exploration now expanding into North Dakota grasslands area

Operations
Most of the wells coming off the confidential list this week were DUCs; are operators watching the price of WTI rise; eye on free cash flow?
The number of active rigs in North Dakota fell to 60, but then recovered slightly;
MRO reported a huge Fannie USA well, low number of stages;
EOG cancels several Riverview permits

Miscellaneous
Freedom Energy with its second North Dakota permit

Fracking
MRO's completion strategy: small number of stages; less proppant; and, here;

Bakken economy
Buck Sheele Family Animal Center opens across from Spring Lake Park

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