Tuesday, January 21, 2014

The Williston Wire -- January 17, 2014

The Williston Wire is full of interesting stories today. Headlines, without links:

From Oil and Gas Journal, the Bakken and Three Forks is the largest continuous US oil accumulation.

From The Bismarck Tribune, North Dakota oil production nears the one-million-bopd mark. Oil production spiked in North Dakota in November by 28,000 bopd, almost 3 percent over the previous month.

The Williston Wire even linked one of Mike Filloon's recent articles at SeekingAlpha on the Bakken operators.

From The Oxbow Herald, construction on BNSF's construction on the Northgate Commodity Logistics Hub is well underway.

From The Bakken Magazine, Savage expands Bakken transloading, adds crude-by-truck. Savage has announced expanded service offerings at its terminals in Uinta Basin and in the Williston Basin to include crude transportation via truck. With Savage's capability for CBR transloading services, the addition of truck transportation allows Savage to offer oil and gas companies a complete logistics solution from wellhead to the refinery.

From The Williston Herald, The Williams County Planning and Zoning Commission on Thursday recommended its approval for a proposed diesel hydro-skimming plant and tank storage facilty that may become the largest employer in Trenton. [I assume the school district is the largest employer right now. I am unable to find the population of Trenton. At Wiki, the 8 largest cities in Williams County are listed -- the 8th is Springbrook with a population of 29 back in 2011.]

Is the boom over? North Dakota's economy grew at 2.44 percent in 3Q13. This compares to a 38.6% increase in the same period, 3Q12. The big jump a year ago had to do with the state and oil companies pouring money into infrastructure. Western North Dakota was ramping up as fast as possible to support the big increases in oil production in the Williston Basin. Now that the infrastructure in place, one might expect new records in oil production.

From Reuters, US CBR shipments up 71 percent from 2012.

From The Bakken Magazine, Tervita Corp has announced the opening of its first engineered landfill in North Dakota at Blue Buttes, a 60-acre site that will accept non-hazardous solid waste from oil and gas exploration and production in the Bakken.

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