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Saturday, January 26, 2019

Week 4: January 20, 2019 -- January 26, 2019

Top international story of the week: hard to say. Relatively quiet in the big scheme of things. No war with North Korea, for example.

Top international energy story of the past week: Europe now #1 customer for US LNG; overtakes South Korea and Mexico. Venezuela continues to implode; announces that it suspends its crown jewel, the Citgo refinery in Corpus Christi, TX.

Top national story: government re-opens. Things back to normal. What was the partial shutdown all about; what did it accomplish? Mitch McConnell seems to be one of the few adults in the room.

The top energy story next week could be the natural gas story / polar vortex of 2018.

The top energy story this past week: US crude oil inventories soar. Records will be set through 2027, then level off until 2050. US refiners post record crude oil processing in CY18.

Top energy stories of ND from Geoff Simon; none worth writing about.

Perhaps the big Bakken story of the week: district judge approves air permit for the Teddy Roosevelt memorial refinery.

Operations
Hess to put 14 wells on one drilling unit just outside of Epping
Slawson's ten Torpedo Federal wells are finally completed/reported
NOG to double output year-over-year

Fracking
The Bakken has plenty of water; in fact, usage seems to be flattening out

DUCs
It's complicated -- commentary

Pipelines
Another natural gas connector in to cross the river

CBR
Canadian, Bakken CBR is back; and, here;

Bakken 101
Pad drilling
Shale is choking historic gasoline trade

Bakken economy
North Dakota oil revenue study, 2008 - 2018
Still doing fine, but Legacy Fund deposits slump 
20 - 70 years of Bakken drilling

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