Friday, August 19, 2016

Week 33: August 14, 2016 -- August 20, 2016

The big Mideast story this week? US pulls out of Riyadh military cell where Yemeni war efforts were being directed. This is not getting much mainstream media play, but it seems like it didn't take much for President Obama to pull the plug. Saudi Arabia appears to be striking out on its own.

Also, out of the Mideast, it is being reported that Saudi Arabia plans to build 16 nuclear reactors over the next 20 years; the first to come on-line in 2022.

"The Ukraine" could very easily be "the October surprise."

In the US, the big non-energy story was the unraveling of ObamaCare.

Internationally, a top energy story: Norwegian oil production highest in 5 years.

The WTI-Brent spread widens, but Brent sold for more than $50/bbl for the first time in a long time. 

Operations
A photograph worth a thousand words
Downspacing in the Bakken -- Filloon 
CLR to sell 80,000 mineral acres in non-core Bakken assets
Breakeven prices continue to drop in the Bakken -- Filloon

Fracking
Mega-fracks in McKenzie County -- Filloon
EPA fracking study back on the table

Pipelines
Dakota Access Pipeline construction halted in North Dakota

Commentary
Price of WTI

Miscellaneous
Mortgage delinquency rates in energy states

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