Biggest non-energy story this past week: Special Counsel Robert Mueller releases report; no collusion.
National energy stories of the week:
- Enbridge's Line 3 gets "final okay" from Minnesota; and, here;
- WTI closes above $60 by close, end of week
- major flooding; oil wells impacted; county roads closed; dozens of McKenzie County homes evacuated; flooding is a result of unusually thick ice causing a jam at the confluence
- misallocation of tax collected from oil to be made right: Land Commissioner Jodi Smith discovered that the state's share of extraction tax collected from oil produced on the Fort Berthold Reservation had not been deposited in the Common Schools Trust Fund, the Foundation Aid Stabilization Fund and the Resources Trust Fund. All totaled, the three funds should have received about $270 million more than they did
- pore space legislation passes house; now headed for house-senate conference
- Lynn Helms travels to Washington State to oppose bill that would block Bakken CBR
- ONEOK Bakken Pipeline proposing a 77-mile NGL pipeline -- from Demicks Lake NGP Plant in McKenzie County to Richland County, Montana; 74 miles of that 77-mile pipeline inside ND; 20-inch diamter; 40,000 bpd; y-grade NGLs (ethane, propane, butanes, iso-butate mix, pentanes, natural gasoline; $125 mllion project; ND portion entirely within McKenzie County
- dispute over Meridian refinery near national park heats up in state court -- Associated Press
- U.S. to overtake Russia in five years: A flood of U.S. oil exports is coming -- Bloomberg
CLR to drill 18 wells in 2560-acre unit; already "a dozen" wells in that area
Bakken 101
Bakken: #1 in NGPL yield among US shale plays
Fracking
Halo: Alfred Old Dog
Halo: Rolf well; and, here;
Major affect on national economy
Frack sand revolution
Miscellaneous
Ballantyne acquires about 140 Crescent Point Energy wells in Bottineau County
Price of gasoline to soar: Obama killed the Keystone XL; US can't get enough heavy oil
Tier 2/tier 3 looking good
Bakken, Niobrara producing at all-time highs -- RBN Energy
Commentary
Why are they sending Lynn Helms to Washington state to oppose this bill and not the AG?
ReplyDeleteWithout question, Lynn Helms would be the best "witness" / spokesman. The attorney general could yet go, I suppose. And, of course, since we already know the outcome, perhaps the state is sending a lower-level functionary.
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