The Million Dollar Way (The Bakken Oil Blog)

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Friday, July 1, 2016

Week 26: June 26, 2016 -- July 2, 2016

Big stories of the week:
The ExxonMobil - Guyana story; and here 
The Panama Canal expansion
OPEC revenues continue to drop
US sets gasoline production record; US gasoline demand setting new records; 

Operations
July dockets posted
Water flooding, infill density, halo effect; and here, and here;
NP Resources back in the Bakken news
CLR to put in 28 wells in one drilling unit
The Bakken is in the manufacturing stage -- taxable sales and purchases for 1Q16
New NDIC update on the Bakken

Natural Gas
US natural gas production: the Bakken is a major contributor

Refinery
MDU sells Dickinson refinery to Tesoro Corp

Ethane
Update on Bakken ethane production  

US ethane exports to Asia, Latin America about to pop

Fracking
SWD management has decreased number of earthquakes in Oklahoma
Bakken fracking shows signs of life 

Miscellaneous
Update on oilfield expansion in Saudi Arabia
Prince Salman to focus on midstream, downstream; less on upstream
Saudi Arabia's crude oil inventories are dropping
BLM ready to okay 6,000 wells in Moab, Utah
Bruce Oksol at 8:46 PM
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