Top story of the week:
- Joe Biden is still president.
- Crude oil surges in price (Brent: $70; WTI: $66)
- SpaceX Starship aces the landing; then blow up; best spin ever;
Top international non-energy story:
- Energy emissions rebounding above pre-crisis levels (and global economy net yet out of global lockdowns); Chinese coal plants;
Top international energy story:
- OPEC maintains cuts in production; huge surprise;
- Enbridge acquires Blueknight Energy assets;
- US Saudi oil imports slow to a trickle;
- Rig counts in Saudi Arabia jump;
Top national non-energy story:
- Joe Biden is still president.
- Household income surging;
- CDC warns of Covid-19 fatigue. Ya think? Texas theme song: go your own way. Lyrics here.
- California projects huge budget surplus;
- All Apple retail stores in the US are now open;
- Apple's main supplier ready to begin volume production of 3 nm chips; Intel still struggling to produce 10 nm chips;
Top national energy story:
- Weekly EIA petroleum report: so many records broken; and, here;
- Gasoline draw was the largest since 1990; records go back only to 1990;
- Gasoline demand soars; that was before Texas re-opened;
- Natural gas fill rate drops below five-year average;
- Texas refiners hit a lot worse than originally reported;
- Rig count unchanged;
- ERCOT first CEO; seven of 15 directors resign;
- Records, records, and more records, Focus On Fracking;
Top North Dakota non-energy story:
Top North Dakota energy story:
Geoff Simon's top North Dakota energy stories:
- quick headlines;
- North Dakota's rolling blackout probably made things worse;
- oil prices will soon peak -- Lynn Helms
- no drilling uptick despite $60/bbl oil -- Lynn Helms
- DAPL, other uncertainties deter investment -- Lynn Helms
- Dickinson representative expelled from House
- load restrictions coming soon
Operators:
- CLR: looking good;
- It appears there are only a few operators that are really working the Bakken right now:
- CLR is probably the most aggressive; not yet into re-fracking; I think they've taken their drilling program to a whole new level
- HES is simply moving along, steady, not aggressive; measured/steady;
- MRO probably has the best wells ever in the Bakken; best re-frack program;
- WPX great wells, great locations, but all inside the reservation
- Whiting not doing much
- Slawson tiptoeing back in; bringing some shut-in wells back on line
Operations:
- Oasis starting to get active in Willow Creek;
- Zavanna reporting Stranger wells in Poe oil field;
- CLR's Gale/Rodney manufacturing site;
- CLR's Tallahassee FIU;
- CLR's Flint Chips and Dennis FIU wells;
- CLR getting active in Cedar Coulee;
Wells:
- A CLR Carson Peak well blasts through 500K bbls crude oil;
- Ovintiv's Kestrel wells in the Grinnell oil field are huge;
- Several QEP wells in the Helis Grail go over 500K bbls crude oil;
- A WPX Morsette well has just goneover 500K bbls crude oil;
- A WPX Good Voice well in Squaw Creek has gone over 500K bbls crude oil;
- A WPX Arikara well has just gone over 500K bbls crude oil;
- A Zavanna Panther well has just gone over 500K bbls crude oil;
Halo effect:
Fracking:
Other basins:
- EOG and Powder River Basin; and, here;
Bakken economy:
Commentaries:
- Wind worked until it didn't; shenanigans being reported;
- Why Saudi is "holding the line";
- Idle comments on that 20+ million crude oil build last week;
- A microcosm of the Bakken: the XTO Admundson wells in Siverston oil field;
- Which was more resilient? The Bakken or the Permian? That was easy.
- Why the February freeze won't change Texas; archived here;
- Has the king had enough?
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