Friday, February 27, 2015

Week 8: February 22, 2015 -- February 28, 2015

The top story of the week remains the slump in oil prices with Brent around $60 and WTI around $50. Active rigs in North Dakota have dropped to 119, well under the 190 that otherwise might be seen, and there is nothing to suggest the number of rigs won't drop further.

Halcon wells tracking well above 800,000 bbls EUR in the Fort Berthold prospect
Active rigs in North Dakota hit 119 last day of the week
NDIC case for 13 wells in an overlapping 640-acre drilling unit
Whiting to keep fracking despite slump in oil prices; shareholders not happy
Operators let 21 permits expire

Bakken economy
Man camp to close due to delinquent compliance with safety code
Williston Wire update
Capital Lodge, between Tioga / Ray to shut down

Natural gas
ONEOK to halt work on Demicks Lake natural gas processing plant in McKenzie County

Ethane pipeline from Tioga to Canada to expand capacity

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