- how fast things are moving in North Korea
- the June 24, 2018, election in Turkey
- the July 1, 2018 election in Mexico
- the immigration crisis in the EU which could topple Merkel
- the continuing implosion of Venezuela
Meanwhile, it's official: US overtakes Saudi Arabia in recoverable reserves.
BP says global energy consumption set new records in 2017.
The USGS just released its 2018 assessment of the Eagle Ford: 8.5 billion bbls which now exceeds that of the Bakken based on the USGS 2013 survey of the Bakken.
The tea leaves suggest the Keystone XL is now dead. Canadian dollar drops below 75 US cents; lowest in recent history; may compete with all-time low.
US 2018 gasoline demand struggling to exceed 2017 demand.
Perhaps the biggest story of the week was an unreported story: North Dakota may have just set an all-time "BOEPD" production record.
Operations
Setting new records
North Dakota will out-produce Venezuela by the end of the summer
Active rigs at 65 at the end of the week
CLR "massively increasing production"; all optimized completions now have 1.1 million bbl EURs
Other formations
Denbury announces a CO2-EOR project in southwestern North Dakota, at the Cedar Creek anticline
Refining
Davis Refiner in southwest North Dakota under construction after getting air quality permit
Bakken economy
Legacy Fund deposits set a recent record
The city of Williston proposes bike lanes along six blocks of Main Street
Commentary
Bloomberg on the Comebakken
Miscellaneous
US Army Corps of Engineers to stem risk of flooding
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