I'm Not Seeing The Uptick In Fracking DUCs Everyone Is Talking About -- June 13, 2016

You may want to keep your browser open to the Director's Cut site. The report was to have been released on June 10, 2016, according to his "tentative Director's Cut dates." I just checked and the tentative date has not been changed; it still shows as June 10, 2016, 11:00 a.m. The tenth is really early in the month for the report to be released, suggesting a typo, but it would be such a glaring typo that it would not be missed, at least not in Bismarck. The full statistical report, when released, will be linked here.

Water flooding. For those who have not seen the most recent post on another possible example of the "halo effect," I have posted an interesting update from a reader. Is this not an example of "water flooding"? There have been discussions whether water flooding would work in the Bakken; does this push the discussion along?

Active rigs:

	6/13/2016	06/13/2015	06/13/2014	06/13/2013	06/13/2012
Active Rigs	28	75	185	185	211

RBN Energy: a bullish EIA storage report signals a big shift in the US natural gas market. Folks paying attention will note that a couple of dots are starting to connect concerning this story and a recent John Kemp tweet. More later, if the spirit moves me.

Previously posted, but posting again:

For those who may have missed it, the Miss North Dakota 2016 pageant took place in Williston, at the Williston High School. Miss Grand Forks, Macy Christianson, lists her hometown as Minot. It was nice to see that "Miss Oil Country," Cara Mund, was among the five finalists. In fact, she was first runner-up. I assume these are one and the same: back in 2006, ten years ago, Cara Mund was a 7th grader at Horizon Middle School in Bismarck, ND, where she was crowned Miss Junior Teen Oil Country. 

I've never understood how Williston is always able to showcase some of these events. I think it's quite remarkable and quite wonderful for Williston to get the pageants. Williston is also a frequent host for the annual national Babe Ruth World Series League championships. 

Availability of lodging should not be an issue. 

Bloomberg has a story on DUCs. I think I posted it / linked it yesterday. Analysts suggest frackers are getting back to work. I've not seen any evidence of any significant increase in completing DUCs yet. I just went through the "new wells reporting" for 1Q15 and 2Q15 and no change since the last update.

The New York Times has a great article on corporate farming in North Dakota. Until recently corporate farming was banned in North Dakota. Then the legislature, a year ago, opened the door and the governor signed a new law allowing corporate farming. Apparently NoDaks were not happy with the new law; petitioned for a referendum and got it, and now they vote to overturn the law.

Update: ND voters overwhelmingly voted to overturn this law. Corporate farming not allowed in North Dakota.