Friday, December 11, 2015

Week 49: December 6, 2015 -- December 12, 2015

Note in passing: this is the 19,000th stand-alone post on this blog according to "blogger" statistics. That includes eight (8) drafts, several of which will probably never be posted.

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One of the bigger stories this week was the announcement that North Dakota crude oil production was about 1% greater (0.6%) in October than in the previous month, September, 2015. Another big story this week was the fact that only 43 wells were completed in the month of October, well below the 123 completed wells the month before. This data was in the December, 2015, Director's Cut with the data for October, 2015.

Operations
Director's Cut with October, 2015, data is out
the red queen has not fallen off her treadmill, yet
US shale crude oil decline in November to be minimal
production per rig in the Bakken increases

Fracking
fracklog as posted in the December, 2015, Director's Cut does not reconcile
example of halo effect of fracking 

Pipeline
Tesoro Corp to acquire Williston crude oil transportation / storage asset

Miscellaneous
a gallon of bottled water now costs more than a gallon of oil
National Oilwell Varco to cut half its staff in Norway
WTI at 7-year low 

Commentary
reason for increased crude oil production in North Dakota, October, 2015
oil pricing
producing wells completed

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