Saturday, June 18, 2016

Week 24: June 12, 2016 -- June 18, 2016

The week in review:
This past week there was still a lot of talk -- and it's just talk -- about supply and demand and when oil might re-balance. Here's the most recent IEA assessment. There was also a nice article explaining why Saudi Arabia may have to import natural gas.

US gasoline demand set a record for the "second week in June." It should be noted that US exports gasoline; it's hard to say to what extend gasoline exports are affecting this number. 

At the same time, the first new nuclear reactor in the US is about to come on-line; construction began in 1973. The EIA released a study on how expensive wind energy really is.

The Director's Cut for April, 2016, production data came out this week. Here are posts related to the Cut:
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The Bakken 

Operations
Turning the corner? 12 new permits; 12 permits renewed 

Fracking
Example of possible halo effect

Pipelines
Could Minnesota's dithering cost them the Sandpiper?
MDU to swing new natural gas pipeline around north side of Fargo, West Fargo 

Flaring
North Dakota meets the target four years early
Unfortunately the Bakken flaring meme has gone wild

DUCs
I'm not seeing DUCs being fracked, despite all the talk  

Bakken economy
Watford City golf course expansion 

Miscellaneous
Brent prices over the years 
North Dakota overturns law on corporate farming by a landslide; NoDak says "no" to corporate farming
Miss Oil Country is first runner-up to Miss North Dakota; pageant held in Williston

Bakken 101
Just how much oil might there be in the Bakken?
Mark-to-market and the SEC rule on "proved reserves"
The Bakken remains the "gold standard" when evaluating other shale plays
Shale vs sand: pretty basic stuff
A third play in the Appalachian: the Upper Devonian Burket/Geneseo, the poor stepsister to the Utica and the Marcellus

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