Saturday, July 13, 2013

Week 28: July 7, 2013 -- July 13, 2013

This past week there were several stories on how extensive crude-by-rail has become; on WTI nearing parity with Brent oil; with surging stock market; with crude-oil train crash and fire in Canada, in area where activist environmentalists don't want pipelines.

Operations
Genscape predicts a 1.5% increase in North Dakota oil production for May, 2013
Whiting with two huge Westberg wells, approaching IPs of 5,000
Statoil reports a Beaux well, Banks oil field, with IP >5,000 
OXY USA and Halcon each with a nice well
A Murex gusher puts the Sandrocks oil field on the map
EOG's Parshall field on track to generate revenues in excess of $100 million -- Filloon

Mergers and deals
The KOG - Liberty Resources deal has closed; a bit pricier than originally reported

Economic development
Acme Tools to open in Williston; Dakota Landing north of Williston nearing completion

Human Interest
Bakken oil patch: still more places where nothing is than where something is

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