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Sunday, October 7, 2018

Week 40: September 30, 2018 -- October 6, 2018

International
Saudi's solar energy project comes to screeching halt -- even before first solar panel is installed

National:
Politically, this was the week that all about Brett Kavanaugh, confirmed as new US Supreme Court justice
Unemployment at 3.7% at 49-year low
The Dow Jones Industrial Average (the "Dow") closed at an all-time record high this past week
Talk of $100-oil quickly dissipated; back in trading range
GE's CEO summarily fired after less than 14 months on the job

Top North Dakota energy stories from Geoff Simon.

Operations
Oasis hits the sweet spot in Willow Creek
Oasis' Hanover Federal wells in Willow Creek will be huge
Nine producing wells (DUCs) reported as completed
A reader updates Brooklyn oil field
Some incredible Bruin E&P wells to come off the confidential list

Bakken 2.5
Life cycle of MRO's Voigt well in Baily oil field
well drilled back in 2011, comes back on line, stronger than ever
Every well coming off confidential list in 4Q16 has been completed

Fracking
The estimated cost to re-frack

Refineries
Meridian's Davis refinery near park, southwest North Dakota, on track

Miscellaneous
North Dakota #1 in lignite production after Texas closes lignite power plants
NDIC's "Ordinary High Water Mark" Study accepted by NDIC; private individuals to lose minerals they held since 1950

Commentary:
OPEC is not the reason for high oil prices

Bakken economy
Renewable energy plant based on straw to be built in Jamestown, ND; to provide biofuel for California

Humor:
Is US Department of State suggesting that Venezuela is hiding "spare capacity"? 

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