Week 30: July 19, 2020 -- July 25, 2020

Top story of the week:

• Chevron buys Noble Energy; and, here; is OXY next?
• US distillate fuel inventories;
• #BLM erasing the Native American;
• Eldorado Resorts, Inc. is now the world's biggest casino company;
• Israeli target practice;

The week's best graphic:

• Global economy shut down, US gasoline demand flat; atmospheric CO2 surges;
• Miscellaneous twitter screenshots;

Most under-reported stories all week:

• Multi-crisis situation in China: pandemic worsens; flooding worsens; geo-political tensions worsen;
• US home sales post record increase;
• Gun deaths in US cities;

Most under-reported energy story:

• US distillate fuel inventories;

Top international non-energy story:

Top international energy story:

• Saudis gain nothing in first month after price war end;
• Saudi to burn record amount of oil this summer;
• $40-oil not enough for Saudi Arabia;
• Mideast producers to accumulate half-trillion-dollar debt within three years;
• Russia can't make it on $40-oil either;

Top national non-energy story:

• US cash supply surges;
• Tesla to build in Texas;
• NASDAQ sets new record; here;
• California saying "no" to the Bullet Train? and, here;

Top national energy story:

• US gasoline demand flattens;

Top ND non-energy story:

• Covid-19 outbreak in Williston will delay school opening;

Top ND energy story:

• Second major Bakken pipeline ordered shut down;
• Bakken production: Bakken sets a new record; daily oil per well, May, 2020; 

Geoff Simon's top ND stories:

• North Dakota's biggest load ever;  
• Construction underway on  I-94; two bridge interchanges involved;
• Several stories regarding DAPL shut down;
• Hess to delay routine maintenance due to Covid-19 risk;
• Williams County looks at $20 million in cuts y/y for 2021 budget year;

Operators:

• MRO with seven new permits in Antelope oil field;
• COP to buy Montney acreaage in Canada;
• Did CLR drill a two-mile lateral in one day?
• OXY: nose-bleed level debt;
• A CLR Sorenson well trending toward 500K with recent jump in production;

Operations:

• Another nice CLR Wahpeton well;
• MRO reports two huge DUCs;
• Enerplus' Patriot Pad returned to production;
• Enerplus' National Park wells have been completed; halo effect noted;

Fracking:

• Did MRO recently frack two wells using no sand?

Natural gas:

• US inventory approaches new record;

Bakken economy:

• Legacy Fund deposits hit record low in July, 2020;
• Long X Bridge update;
• The Bakken is back -- Barron's;