Week 2: January 8, 2017 -- January 14, 2017

The best of the week: the Vern Whitten autumn, 2016, photo portfolio. The best video of the week (at the site, the Brigitte Gabriel video).

Without question, the top story with regard to oil this past week: Saudi Arabia says it has cut production below 10 million bopd and will cut further in February. Close behind that was the report that Chinese auto sales are soaring and China says crude oil demand may hit a record in 2017.

The other big story is the amount of LNG that Europe is going to import from the US over the next few weeks.

In North Dakota, the big story was the huge snowstorm that hit the entire state; also here, DAPL snow removal. Globally, it was a huge week for cold and snow: Europe could run out of fuel for heating; California with 12' (feet) of snow; Britain freezes over, snowed under; snow everywhere in lower 48; global warming hits California.

Operations
ND crude oil monthly production remains above one million bopd
Antelope oil field is going to get really, really busy; and, here;
Whiting, corporate presentation
Analysis of permitting in 2016

Pricing
$50 WTI remains the sweet spot

Re-Entry
Three Newburg-Spearfish-Charles wells to be re-entered

Fracking
Post-fracking production spike in neighboring wells; the original P. Levang well; an older Wold well; the Johnsrud wells; the QEP wells in Grail oil field; and, here;

DUCs
Three high-IP DUCs reported 
Whiting reports four nice DUCs completed 

Bakken economy
North Dakota oil cities poised for more growth
Legacy Fund and taxable sales updated
Target Logistics proposed to convert man-camp to hotel
American Airlines announces new direct flights, DFW to Billings, MT

Miscellaneous
Katie Ledecky nominated for world sports award