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Friday, April 15, 2016

Week 15: April 10, 2016 -- April 16, 2016

Today's monthly production report was a pretty big story and North Dakota mineral acres still going for $10,000/acre is a pretty big story, but the report that the first ever shipment of North Dakota light crude oil (Bakken) was shipped overseas is a pretty big story (Hess), too. 

Operations
Hess: exports North Dakota light sweet crude overseas; a first for North Dakota light sweet oil
Month-over-month production: unchanged
Bakken: decline over past year: minimal
Random look at the top 18 oil fields in the Bakken
North Dakota mineral acres still going for $10,000/acre
EOG doing some big things in Clarks Creek
Unfracked wells: Lime Rock Resources with two new locations
CLR wants to drill 25 wells on an existing 2560-acre unit in Elm Tree
Huge day in the Bakken: WPX reported six high-IP wells; BR reports two nice wells, Hess and Statoil each report a nice well
EIA's monthly drilling report: the Bakken continues to shine
Median days for DUC status continues to increase
Average wells per pad continues to increase -- same link 

Bakken economy
Jamestown ethanol plant still on track?
New dry pea processing plant in Harrold, SD

Miscellaneous
XOM ships its first cargo crude oil from the US after ban lifted 
Trinity Containers in West Fargo to close; completed long term order for wind turbine towers
Fitch sees Saudi's oil price averaging $35/bbl in current calendar year
Venezuela - tick, tick, tick
Iraq coming apart at the seams 
UND Fighting Sioux Hawks take national hockey championship

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