Friday, April 1, 2016

Week 13: March 27, 2016 -- April 2, 2016

Operations
New post-boom low for active rigs in North Dakota -- 29
Less expensive to drill; supple/demand starting to narrow
63 Whiting wells transferred to NP Resources
The list of wells Whiting transferred to NP Resources
Update on WPX Bakken well fracked with 68 stages; 15 million pounds proppant
EOG well produces more than 500,000 bbls in less than three years 

DUCs
1Q15/4Q14 update 

CBR
Update on California CBR

Bakken economy
Williston building continues
Williston coffee shop to expand
New restaurant off to fast start in Williston
Enterprise car rental comes to Dickinson; Steffes expands Bakken services 

Other formations
Occidental's enhanced oil recovery in the Permian 
Update on the Permian

Miscellaneous:
US gasoline demand: on glide path to set all-time record?
SandRidge eyes bankruptcy
Williams to lay off 10% of its North American workforce (same link as previous link)
BP will lay off 500 employees in Houston
John Kemp's weekly energy tweets
Saudi Arabia's official reserve assets fall another $9 billion in February
The trillion-dollar Saudi mistake worsens
Norway has more problems than $40 oil
World's biggest oil market -- Asia -- too tied to to Mideast to end addiction
Connecting the dots: Saudi Aramco, Shell, and Brent
Unemployment rate rises to 5%; first time unemployment claims surge 11,000
Could oil rebound sooner than expected? USA Today opines 

Insanity
Uber is top threat to oil -- Gartman

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