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Sunday, May 19, 2013

Week 20: May 12, 2013 -- May 18, 2013

Non-Bakken
April, 2013, is coldest April on record in North Dakota

Bakken Operations
CLR: a) testing all four benches of the Three Forks; b) 13 wells on one 160-acre spacing unit 
Get ready for some serious EOR in the Williston Basin 
Five (5) more natural gas processing plants under construction in North Dakota
Active rig count hits post-boom high (194)
COP says production ready to ramp up due to the Bakken
Graphic of CLR's 14 wells in one section
Crescent Energy's CEO calls rate of growth in the Bakken into question
CLR with four active rigs in one section in Divide County

Pipelines
WSJ article on the Double H well; $300 million project; CLR to partner with $100 million

CBR
Enbridge could shut down Berthold terminal

Fracking
Federal government (BLM) announced new fracking rules; enters 30-day comment period
Minnesota to allow fracking along trout streams

New terms
"Deep cut"

Economy
Soaring gasoline prices in face of oil glut

Economic development
Platt's: what is North Dakota going to do with all that oil money?
Electricity demand will more than triple over next two decades in the Williston Basin
North Dakota #1 in economic performance -- US Chamber of Commerce
Chicago-style hot dogs north of Alexander
Bobcat investing $350 million in addition/renovation in Bismarck
Minnesota seeing increased oil specialty services popping up

LNG
Sempra announces 20-year deal to supply Japan with LNG
Second federal LNG export license announced, Freeport
Most interesting convergence: Panama Canal expansion program finishing just in time for US LNG exports

Bakken deals
The list of 250 wells in Bowman County that were transferred from BR to Denbury was released

Vita est dulcis
Oregon using tanks meant to store ethanol to store crude oil

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