Week 3: January 15, 2017 -- January 21, 2017 -- President Trump's First Day In Office

Some quick bullets about the oil sector in general:

• this past year (2016), the sector saw the lowest replenishment of reserves in decades; global oil discoveries drop to a 70-year low
• in some cases, companies are seeing their reserves declining at 10% per year
• the decline in reserves may explain ExxonMobil doubling down the Permian
• only three oil plays in the US of any note right now: the Permian, Eagle Ford, and the Bakken; and, the Eagle Ford is the weakest of the three; XOM, Noble, WPX all increase footprint in the Permian
• Saudi Arabia in disarray: one day after saying Saudi saw no likelihood that cuts would need to be extended after June, 2017, the energy minister, the very next day, said he could foresee more cuts in 2017
• IMF slashes forecast for Saudi's GDP: 0.4% 
• staggering decline in Saudi's foreign exchange reserves continues
• general consensus is that Prince Salman's "Vision 2030" will fail
• India's oil demand hit a record high
• China, meanwhile, forecasts record oil demand
• China has hit peak oil

Operations
In the Williston Basin, Enduro Operating has three permits for re-entry 

Bakken Economy
$20 million expansion project back on front burner for Williston, "Boomtown, USA"