North Dakota Oil Production Up 4% Month-Over-Month -- March 9, 2017

The Bismarck Tribune also has a story on the data. 

Director's Cut, January, 2017, data has been published. 

Production

• January, 2017: 980,294 bopd
• December, 2016: 942,322
• Delta: 37,972 bopd
• Delta: 4.0% increase month-over-month
• 95% production comes from the Bakken and the Three Forks
• 5% production comes from legacy conventional pools

Producing wells

• January, 2017: 13,333 (all-time high was November, 2016, at 13,520)
• December, 2016: 13,337

Rig count

• up five from February to today (March 8, 2017)
• February, 2017: 39
• January, 2017: 38
• December, 2016: 40

Completed wells not producing

• DUCs, estimated: 802, down 5 from the end of December to the end of January
• inactive well count, estimated: 1,678, up 105 from the end of December to the end of January

Takeaway capacity:

• CBR still required

Flaring, capture rate

• Statewide: 88%
• Native Americans: 83%
• Goal: 85%

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Oil Panic

From a post less than a month ago:

Dennis Gartman (CNBC contributor) who said oil would never see $55 again, turned bullish this week, suggesting one could see another $6 - $8 on the upside vs only $2 to $3 on the downside.

Well, so much for that.

Will oil open below $50 this morning?
Will oil trade below $49 today? In pre-market trading, actually traded below $49 briefly
"Holy, Batman, what do we do now?" -- Saudi foreign exchange reserves
Why $50 oil  is more likely to be a ceiling than a floor: CNBC
About two weeks ago, bearish Gartman made bulllish call suggesting the floor for oil was now $55
Shale producers to increase production "despite OPEC's warning" -- Reuters
Shell sells sands -- $7.25 billion -- Reuters
Oil majors still years away from repairing balance sheets after price war -- Reuters
March: refinery demand historically at its lowest in the month of March; demand for oil, gasoline will start rising again next month and peaking through the summer months

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Wire-Tap Panic

Even Lindsey Graham is now on board. Wants spy agencies to come clean.  

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Presidential Tweet

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A Day Without A Woman

Thousands of children shut out from school as schools closed down in northeast due to teachers' strike a day without a woman protest.

Non-participating parents who only wanted their children to go to school scrambled to find child-care alternatives.

Meanwhile, the city of Boston reports record number of folks applying to enroll in charter schools. 

High-tech industry in Silicon Valley seen as most-pro-women for hiring:

• overall in high-tech industries: less than one-third of employees are women
• in high-paying, technical jobs in high-tech industries: less than one-fifth of these employees are women

Whatever. One wonders how many women didn't show up for work at Apple yesterday?

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Sports

Spurs epic comeback; highlights below
Wake Forest buzzer beater: this is pretty much a must-watch

 

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Back to the Bakken

Oil rigs:

	3/9/2017	03/09/2016	03/09/2015	03/09/2014	03/09/2013
Active Rigs	45	33	114	191	187

RBN Energy: why more liquefaction capacity may be needed in less than three years.

Scott Adams: how to convince skeptics that climate change is a problem. Another must-read.