For those interested in shale oil, this might be a most interesting read -- from Platts: shale and demand uncertainty have put Big Oil on the defensive. Not mentioned in this article is Shell's recent announcement that it would begin to focus on shale oil and horizontal fracking. Shell recently said it actually drilled two long laterals. Wow.
It is interesting to note that first link, Pioneer Natural Resources says the breakeven point in the Permian is $25/bbl. Likewise, Statoil says its North Sea Field is also profitable at $25. Saudi Arabia can't survive on $25-oil.
Along that same line, the graph that terrorizes Saudi Arabia: Permian oil will have significant effect on total US crude oil production.
Perhaps the biggest story of the week: the EIA reports that US gasoline consumption reached an all-time high for any month -- occurred in June, 2016.
Without question, the most popular posting this week: Vern Whitten's photographs of the Bakken. The "original" Vern Whitten post this past week is here.
Operations
NDIC September hearing dockets released; significant increased number of wells in drilling units
Richard Zeits is optimistic on the Bakken
Pipelines
Dakota Access Pipeline likely to be keystoned, update
Enbridge puts the Sandpiper Pipeline project on hold
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