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Saturday, May 28, 2016

Week 21: May 22, 2016 -- May 28, 2016

Operations
After tying a post-boom low of 25 active rigs early in the week, the number of active rigs in North Dakota recovered to 29 by the end of the week; WTI briefly went over $50/bbl; settled around $49/bbl

Bakken 101
Packers Plus on high-intensity wells in the Bakken
Lack of fracking water is still not -- never has been -- an issue in the Bakken

DUCs
Update, US plays

Pipelines
Dakota Access Pipeline keystoned in Iowa: predicted and predictable

Bakken economy
Williston Wire
  • moving into new high school
  • Williston's population grew by almost 10% in 2015 (the year of the bust)
  • North Dakota housing growth rate: highest in the US
  • steady birth rates in western North Dakota
Israelis testing drones in North Dakota
North Dakota's state mill and elevator doing just fine
Williston Wire
  • South Ridge Apartments open
  • Meg-A-Latte opens third location in Williston
  • Williston High School Superintendent says "goodbye" after seven years
  • Williston State College president says "goodbye" after seven years
US Senate approves funds for new Williston airport relocation project

Miscellaneous
Russia overtakes Saudi Arabia as China's leading supplies of crude oil
Saudi Aramco production/export numbers for 2015
No urgency for the Saudi Aramco IPO
OPEC: less relevant than ever; OPEC's death knell
Favorite global oil production graph updated
Four consecutive years of declining oil discoveries -- has never happened before
Takeaway capacity in western Canada may be inadequate
Memorial Day traffic could hit record this year
Trump: spoke on energy in Bismarck; North Dakota unpledged delegates put Trump over the top; celebrations break out worldwide;  no links; stories everywhere

Humor
The core of the Bakken as seen by Wall Street

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