The Million Dollar Way (The Bakken Oil Blog)

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Saturday, March 28, 2015

Week 12: March 22, 2015 -- March 28, 2015

Top story for the past week is still the slump in oil prices and the falling number of active rigs in North Dakota, now down to 97. We went below 100 active rigs on March 25, 2015.  We  hit the century mark one day earlier.

Operations
Sweet spots in the Bakken still profitable 
11,000 bbls in 5 days -- one well

Slump in oil prices
How US frackers plan to beat OPEC
Update on Cushing's reversals of fortune
Halliburton closing its Minot shop
Saudi Arabia to increase number of its wells substantially

Fracking
New federal fracking rules; North Dakota's exposure
Obama says it is safe to frack: just practice safe fracking

CBR:
Slowdown worse than expected

Flaring
Starting to turn the corner

Bakken economy
Williams County: fastest growing county in the US
Second casino planned in Williston area
North Dakota #1 in US in restaurant sales gains for past year

Miscellaneous
Whiting to offer 35 million more shares; issue $1.75 billion in debt
Owner of more than 15 million mineral acres across US to file for IPO
Bruce Oksol at 8:48 AM
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