Saturday, January 16, 2016

Week 2: January 10, 2016 -- January 16, 2016

Wow, talk about a miserable week for the oil and gas industry. North Dakota hit a new post-boom record for the number of active rigs -- now down to 49. In addition, I don't know if folks saw this, Bakken oil is now priced at $20/bbl. But this was most incredible: the Red Queen is still pedaling -- despite active rigs at an all-time post-boom low, completions plummeting, permitting hitting new lows, the amount of crude oil produced by North Dakota actually increased month-over-month.

Operations
Top North Dakota oil producers for 2015
The Bakken has a new operator: Petroshale (USA)
Oil company working the Bakken forfeits well / produced oil for drilling "wrong" location; first time ever -- NDIC
Month-over-month production increases despite completions falling; rigs hitting new post-boom low
Top four oil-producing fields in the Bakken 
Post-boom low: active rigs at 49
John Kemp's weekly energy tweets; gasoline demand plummets; oil glut increases
Whiting transferring wells to Fundamental Energy Management ; and, here
Reuters predicts minimal decrease in January, 2016, month-over-month production

CBR
BNSF trains in Willmar, MN, could be traveling in both directions

Fracking
Nitrogen

Bakken economy
Williston strip clubs stripped
Tax revenue plummets

Commentary
John Kemp explains this week's energy tweets

Miscellaneous
Vern Whitten photographs
Poll: price of oil going forward, long-term trend
NDSU wins fifth consecutive NCAA Division II football title

Crude oil exports
Several links to national stories 

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