Internationally, the big stories:
- Saudi Arabia
- reverses production policy in an attempt to raise crude oil prices; an existential issue
- the Saudi Aramco IPO still being discussed
- widening of the Panama Canal: update on the Panama Canal expansion
- surge in US LNG exports
- gasoline consumption: Mexico jumps to 4th place (huge story) (see commentary here, the December 29, 2016, entry)
- surge in steam cracker construction in the US; demand for ethane will increase significantly
- make America great again: election slogan
- buy American, hire American: post-election slogan
- climate change denier: nominee to head the EPA
- business man:
- art of the deal:
- pragmatic:
- no love lost between him, the Mideast:
Bakken 2.0
- Get ready for "fast and furious" -- Lynn Helms
- Bakken 2.0: nine DUCs completed; most are high-IP wells; twenty-two permits renewed
- Fewer rigs will establish new active rig baseline
- Mega-pads
- CLR wants to drill 25 wells on an existing 2560-acre unit in Elm Tree
- Mega-fracks
- high-intensity fracks
- DUCs
- Re-fracks
- Larger spacing units: 1280-acre drilling units remained the norm; but more 2560-acre drilling units, and a few 5120-acre units
- 5,120-acre spacing units in the Bakken; and, here
- EURs growing: up to 1.5 million boe in some cases
- EURs in the Bakken approaching one million boe
- Keystoned by President Obama in late 2016
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Top Stories Of 2016
By Category
By Category
Subject to Change
Top Story of The Year: Donald Trump elected President of the US
Runner-up: Shale revolution vs Saudi Arabia; OPEC agrees to cut production
The world: Donald Trump elected President of the US
The US: Donald Trump elected President of the US
North Dakota, energy: President Obama keystoning the DAPL
North Dakota, technology: drones
Israelis testing drones in North Dakota
Most exciting small operator in the Bakken: Halcon
Most exciting large operator in the Bakken: EOG
Most surprising story of 2016: Donald Trump elected President of the US
The deals: not as many as expected
the list of 2016 deals
Record price per acre: N/A
Bakken operators, rigs: N/A
Bakken operations, production: recovers, after slump
statewide production falls below 1 million bopd; but recovers to over 1 million bopd the following month (October)
Bakken operations, density: CLR
CLR wants to drill 25 wells on an existing 2560-acre unit in Elm Tree
Top prediction for 2017: Lynn Helms says ND production will hit its low in late 2017
Biggest story in takeaway capacity: President Obama' keystoning the DAPL
CBR: fading
Update on Bakken CBR to the three coasts
Pipeline: President Obama's last illegal act keystoning the DAPL
Fracking: tale of two halves
- First half of the year: Whiting and CLR to stop fracking in the Bakken; EOG already had; Statoil already had
- Second half of the year: high-intensity fracking increases
Natural gas: processing plants
three more natural gas processing plants coming on line in North Dakota before end of year
Refining: Dickinson refinery sold to Tesoro Corp
Investment story of the year: "no" major bankruptcies in the Bakken
The "Other" Williston Basin formations: the Madison
Bakken economy (too many to list): decision on new Williston airport
- Williston High School Coyotes play last game in Phil Jackson Fieldhouse
- The $500 million fertilizer plant in western North Dakota is at the halfway mark
- Western Area Water Supply Authority -- a huge success story -- celebrates its fifth anniversary
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