Enbridge Line 3 Delayed For At Least A Year; Minnesota's "Go Green" Scheme Doesn't Include Pipelines; QEP Starts Canceling Permits; Meanwhile, NDSU In DC -- March 4, 2019

First things first: from twitter, moments ago ---

Golf: it's only Monday and Tiger Woods has already withdrawn from one of the biggest tournaments of the year -- the Arnold Palmer Invitational -- blames a "neck strain." Must have been a bruisin' weekend.

Color it "dead." Enbridge to delay Line 3 by a year. Cites delay in getting permits. State now has new governor pledged to "go green." Pipeline don't fit a "go green" scheme. Update: I don't know if this is bad news or really bad news. Oilprice is reporting that Enbridge won't even re-start Line 3 for now. I may have that wrong, but it seems pretty clear. The article is pretty clear stating that the company won't re-start Line 3 as scheduled. The CEO is reported to have said that the company has been given assurance by the governor that everything will work out fine but the state needs six months to get all the permits in order before Enbridge can re-open the line. So, we'll see. Bottom line: more bad news for Canada just as Alberta was beginning to ease restrictions on production.

Colorado: meanwhile, another state that doesn't like jobs:

Colorado drillers are gearing up for a fight after Democratic lawmakers proposed overhauling the state's oil and gas commission and reforming regulations that could create new roadblocks to fossil fuel development.

Speaking of Colorado:

New England: tracking ISO New England here. Prices spiking and coal back in the mix.

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Back to the Bakken

Active rigs:

$56.59	3/4/2019	03/04/2018	03/04/2017	03/04/2016	03/04/2015
Active Rigs	68	59	45	35	114

Two new permits:

• Operators: Hunt, CLR
• Fields: Werner (Dunn County); Banks (McKenzie County)
• Comments:
• Hunt has a permit in section 24-146-93, Werner oil field
• CLR has another permit in section 18-152-99, Banks oil field

Three permits renewed:

• Whiting (2): two P Earl Rennerfeldt permits in Williams County
• Resource Energy Can-Am: a Shorty permit in Divide County

Nine permits canceled:

• QEP: nine MHA permits in Dunn County, all in section 26-149-91