End of the third quarter, 2017.
US petroleum demand was the highest for any August since 2007. US crude oil inventories decreased slightly but re-balancing will still take 46 weeks at the current rate of drawdown.
The Permian pretty much stops all that talk about peak oil.
Harold Hamm opines that the EIA is mis-forecasting US crude oil production growth for next year; WTI climbs to $52 before dropping back to $51 and change.
Operations
Oasis reports a number of nice Forland wells
Another random example of a peculiar phenomenon in the Bakken
Marathon reports a re-frack, a Larry Repp well
Random look at an NP Resources well in southwestern North Dakota
Petro-Hunt has another big well in Charlson oil field
Pipelines
Dakota Access LLC (DAPL) donates $15 million to state of North Dakota to help pay for law enforcement during the Standing Rock pipeline protests; speaking of which the Standing Rock tribal chief was voted out of office
MDU to supply Bobcat plant (Gwinner, ND) with natural gas via new pipeline
Bakken economy
Boomtown's taxable sales surge 30%
New post office in Watford City opens
Update on Halcon's plans to exit the Williston Basin
Update on new runway at Bismarck airport
Bakken 101
Bakken crude oil: lightest and sweetest of them all
Flashback
Article on re-fracks -- 2015
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